The Government of Ghana has announced an upward adjustment in the producer price of cocoa for the 2025/2026 season, raising it from US$3,228.75 to US$3,625 per 64kg bag. This translates into GH¢58,000 per tonne. The decision was approved by the Producer Price Review Committee (PPRC), chaired by the Minister for Finance, Dr. Cassiel Ato Forson. Announcing the review at…
Communications Minister Samuel Nartey George says MultiChoice Ghana has agreed to reduce its subscription prices but is seeking a 30-day window to determine the percentage cut. He, however, insisted that two weeks is enough to complete the process. Briefing the press on Friday, September 5, the Minister confirmed that MultiChoice had formally reached out to…
Ghana’s newly appointed Ambassadors and High Commissioners have pledged to prioritise economic diplomacy in their assignments, vowing to strengthen trade, investment, and innovation ties with partner countries. Speaking on behalf of his colleagues after their commissioning at the Jubilee House on Thursday, September 4, 2025, Ambassador Victor Emmanuel Smith, Ghana’s envoy to Washington D.C., assured…
Minister of Communications, Digital Technology, and Innovations, Samuel Nartey George, has dismissed media reports suggesting that the ongoing restructuring between AT Ghana and Telecel Ghana amounts to a merger. Addressing a press conference in Accra on Friday, September 5, 2025, he explained that the development falls under a force majeure situation and should not be…
GCB Bank is positioning itself at the forefront of Ghana’s fast-growing digital creative economy with a bold proposal to provide a direct and reliable payment framework for TikTok content creators across the country. A delegation from the bank, led by its Chief of Staff, Mr. Abraham Ferguson, on Tuesday paid a courtesy call on the…
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the end of this year. He explained that the funds are part of a new financing arrangement introduced by COCOBOD to support cocoa purchases for the new crop season. Speaking in an exclusive interview with Joy…
Gold Fields Ghana will hand over the Damang mine to the government in April 2026, following the expiration of the one-year lease extension. The Group Chief Executive, Mike Fraser, disclosed this today, August 22, 2025, on a conference call with investors and Journalists on their half-year financial performance. Mr. Fraser said that “This is part…
The Ghana cedi recorded mixed performance against the US dollar last week, appreciating in the retail market but weakening on the interbank market. Data from the forex market showed that in the retail segment, the local currency gained 1.06 percent, trading between GH¢11.40 and GH¢11.90 to the dollar. This modest advance pushed its year-to-date gain to 31.85…
The National Petroleum Authority (NPA) has warned that fuel stations operating without the legally required license risks immediate closure and possible decommissioning. In a statement, the NPA underscored its legal mandate under the National Petroleum Authority Act, 2005 (Act 691), as amended, to regulate all commercial activities involving the storage, distribution and sale of petroleum…
The Bank of Ghana (BoG) says it has come to its attention that some Banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs) and Money Transfer Operators (MTOs) continue to violate the Foreign Exchange Act, 2006 and the updated guidelines for inward remittance services by payment service providers, despite several cautions and reminders….
