President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in $2.7 billion in the short span of its operations. He added that the GoldBod has also strengthened the oversight responsibility in the export of the precious mineral, ensuring that Ghana benefits […]
The prices of petroleum products are expected to witness one of the biggest drops at the pumps this year. This is due to the appreciation of the cedi against the dollar. According to the latest Chamber of Oil Marketing Companies (COMAC) pricing outlook for the first pricing window of June 2025, fuel prices will fall […]
The Ghana cedi is forecasted to gain strength in the coming week, bolstered by continued remittance inflows and interventions from the central bank, while Kenya’s shilling is expected to remain steady, and Nigeria’s naira to stay range-bound, traders said. GHANA The cedi currency has jumped more than 40% versus the U.S. dollar this year, far outperforming its […]
A US federal court has blocked President Donald Trump’s sweeping tariffs, in a major blow to a key part of his economic policies. The Court of International Trade ruled that an emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly every country. The Manhattan-based court […]
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 […]
