‘Ghana’s IMF Programme on track but future reforms will be the true test’, says Mission Chief

The IMF Mission Chief for Ghana, Stéphane Roudet, says Ghana’s economic programme is on track and should end successfully, achieving the targets and structural reforms outlined for the country. “Another thing that has given us some assurance is that necessary laws have been instituted to enhance fiscal discipline going forward,” Roudet stated during a media […]

‘Early IMF exit makes for great optics, bad economics’ – Bright Simons warns of premature celebration

Vice President of IMANI Africa, Bright Simons, has criticised government’s planned early exit from the IMF programme, calling it a “classic case of good optics, bad economics.” Speaking on Joy News’ PM Express Business Edition on Thursday, April 24, he accused both the government and the IMF of elevating appearances over substance. “If the IMF […]

See the companies approved by the Bank of Ghana to operate in the Bond Market and as Primary Dealers

The Bank of Ghana, in collaboration with the Ministry of Finance, has released a revised list of institutions authorised to operate as Primary Dealers (PDs) and Bond Market Specialists (BMS) in the country’s financial markets. According to a notice issued on April 14, 2025, and signed by Sandra Thompson (Ms), Secretary to the Bank of […]

Chinese mining company acquires Newmont’s Akyem Gold Mine Project for $1 Billion

Zijin Mining Group Co., Ltd., a Chinese multinational mining firm, has officially completed the acquisition of the Akyem Gold Mine Project in Ghana from US-based Newmont Corporation.  The $1 billion transaction marks a major shift in ownership of one of Ghana’s most prominent gold-producing assets and aligns with Zijin’s aggressive strategy to expand its global […]

GUTA rejects increased utility tariffs, demands accountability

The Ghana Union of Traders’ Associations (GUTA) has opposed the recent increase in utility tariffs approved by the Public Utilities Regulatory Commission (PURC). GUTA argued that the reasons for the tariff hike are unjustified, citing systemic inefficiencies, corruption, and mismanagement within the utility sector as the primary issues. This was contained in a statement signed […]

New gold trading law targets smuggling, formalisation in sector – GoldBod

The Media Relations Officer of the Ghana Gold Board, Prince Kwame Minkah, says the sweeping overhaul of the country’s gold trading framework is aimed at formalising operations and curbing widespread smuggling in the sector. According to him, the long-standing issue of gold smuggling has reportedly led to significant losses in national revenue and foreign exchange. […]

US lawmaker urges IMF to direct next Ghana disbursement towards settling debts owed to American firms

The Chairman of the United States House Foreign Affairs Committee, Brian Mast, has called for a portion of Ghana’s next International Monetary Fund (IMF) disbursement to be directly allocated to settling outstanding debts owed to Independent Power Producers (IPPs), including facilities partly owned by U.S. pension funds and taxpayers. In a letter addressed to U.S. […]