Data obtained by JoyNews Research from GoldBod through a Right to Information request shows that Ghana’s small scale gold exports in 2025 were overwhelmingly concentrated in just two markets. Of the 103,804 kilograms of small-scale gold exported through GoldBod in 2025, Dubai accounted for more than 72%, making it by far the dominant destination. India […]
Some Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps from today, January 16, 2026.The development follows industry projections that petroleum product prices were expected to fall by more than three per cent per litre in the current pricing window. The second-largest player in the downstream oil sector, GOIL, took the lead […]
The Bank of Ghana (BoG) and the Financial Intelligence Centre (FIC) have issued a stringent new Anti-Money Laundering, Combating the Financing of Terrorism and Combating the Proliferation Financing (AML/CFT/CPF) guidelines for Foreign Exchange Bureaux, with immediate effect. The comprehensive framework replaces the 2024 notice and significantly tightens controls within a sector historically vulnerable to financial […]
Some Oil Marketing Companies (OMCs) have moved to reduce fuel prices at the pumps again, with Star Oil this morning selling a litre of petrol at GH¢10.36 and diesel at GH¢11.36 at selected outlets across the country. These prices, however, are based on Star Oil’s discounted pricing policy, which applies to some of its service […]
BMW is launching a voluntary safety recall covering certain 2025–2026 BMW X3 models after identifying a software weakness in the steering system that, in rare cases, can lead to unintended steering wheel movement while the vehicle is stationary. The recall affects 36,922 vehicles in total, including the X3 30 xDrive and X3 M50 xDrive, built […]
IMANI Africa Vice President, Bright Simons, has warned that the Gold for Reserves programme’s structure is creating an uneven playing field that disadvantages private sector participants. Speaking on JoyNews’ Newsfile, the policy analyst revealed that independent, self-financed gold aggregators are raising serious complaints about their inability to compete with the state-designated apex aggregator, Bawa Rock […]
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has emphasised the need for sustained financial support to secure the long-term operations of the Tema Oil Refinery (TOR). The Tema Oil Refinery recently resumed crude oil processing following the successful completion of major Turnaround Maintenance (TAM) works on its Crude Distillation Unit. […]
The Tema Oil Refinery (TOR) has officially resumed crude oil refining operations after several years of inactivity. The resumption follows the successful completion of major Turnaround Maintenance (TAM) works on the refinery’s Crude Distillation Unit (CDU), carried out between August 1 and October 30. The maintenance exercise, completed within three months, was undertaken in line […]
Tesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes’ billionaires index. Musk’s 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a […]
Kojo Ansah Mensah, Managing Director and CEO of Jonah Capital, has accused the head of Nigeria’s Corporate Affairs Commission (CAC) of committing what he describes as a “grievous crime” by allegedly altering company records and expropriating shares belonging to the firm. The escalating dispute follows a formal petition by Ghanaian statesman Sir Sam Jonah to […]
The Executive Board of the International Monetary Fund (IMF) is expected to meet today, December 17, 2025, to consider Ghana’s Fifth Programme Review under the IMF-supported programme. JoyBusiness understands that Ghana secured the board date following a staff-level agreement reached in October 2025, as well as significant progress made on key benchmarks and targets under the […]
Carrefour Group, a leading French food retailer, is taking over Shoprite’s franchise in Ghana through a new partnership with the distributor, Brands For All, which acquired the seven Shoprite hypermarkets in November 2025. These stores will be rebranded to Carrefour, with the first openings expected by April 2026, as part of Carrefour’s African expansion strategy, […]
