The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability. Dr Riverson Oppong, speaking on JoyNews’ PM Express on Monday, May 26, projected that petrol could drop to as low as GH¢12 […]
The outgoing United States Ambassador to Ghana, Virginia Palmer, has stated that Ghana could gain a competitive edge in international trade due to the latest global tariff regime introduced by the U.S. government. Speaking in an interview on Channel One TV on Monday, 26 May, Ambassador Palmer explained that although Ghanaian exports are subject to […]
Consumer advocacy group CUTS International is demanding urgent government intervention to ensure that Ghanaians fully benefit from recent reductions in fuel prices. The organisation says the refusal of some commercial drivers to comply with the 15% fare reduction announced by the Ghana Private Road Transport Union (GPRTU) is exploitative and must be punished. “Fuel prices […]
Ghana’s mobile money ecosystem continues to soar, with the total value of transactions reaching a high of GH₵365 billion in April 2025, according to the latest data from the Bank of Ghana. The figure represents a 3.8 per cent increase from the GH₵351.7 billion recorded in March, making it the highest monthly total so far […]
The mining sector is facing a challenge that could erode its competitive edge and cripple future growth, the Ghana Chamber of Mines has warned. The Chamber is raising red flags over new tax measures that could drive exploration firms away, choke investment, and even collapse some existing mining companies. Speaking on PM Express Business Edition on Thursday, […]
Nike says it will raise the prices of some products from 1 June, with the increases hitting everything from shoes to clothing. The sportswear giant says it is making the changes as part of “seasonal planning” and did not mention US President Donald Trump’s tariffs policies that have upended global trade. The firm also says […]
Economist and Finance Professor at the University of Ghana, Professor Godfred Bokpin, has stated that the New Patriotic Party (NPP) laid the foundation, which has culminated in the increased strength and stability of the Ghanaian Cedi. According to him, the NPP’s policies such as the Gold-for-Reserves programme, significantly yielded huge benefits, translating into the current […]
Transport fares are set to drop by 15% starting Saturday, May 24, 2025, following successful negotiations between transport operators and the Ministry of Transport. The fare adjustment reflects recent macroeconomic developments, including a sustained appreciation of the cedi against the US dollar, contributing to a notable drop in fuel prices. The development also comes in […]
Prices of the petroleum products are set to witness the biggest drop at the pumps today May 16, 2025. This is according to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook for the second pricing window for the month of May 2025. Price quotes for various products According to the pricing guidelines for the […]
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, says the recent rally of the cedi is not due to artificial support by the central bank, but rather a result of strong, non-debt-creating reserves. He said the central bank has found a strategic way of meeting market demand without drawing down […]
Some major shopping outlets and supermarkets have started reducing prices of their products and items on sale due to the cedis’ appreciation against the U.S dollar. Joy Business can confirm. Household goods and furniture shop, Orca Deco Ghana on May 12, 2025 announced that it has dropped prices of some items by 15 percent. The company […]
The president of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi’s recent gains is that the traders don’t trust that the gains will last. Dr. Joseph Obeng, speaking on JoyNews’ PM Express on Monday, May 12, said traders have been cautious because of what they’ve experienced in […]
