Business

In a move aimed at boosting Ghana’s gold reserves and strengthening the country’s macroeconomic stability, the Ghana Gold Board (GoldBod) has reached a landmark agreement with nine large-scale mining companies to purchase 20% of their gold output locally. The agreement, finalised after a series of negotiations, involves mining firms not currently participating in the Bank of Ghana’s Domestic Gold Purchase ...

The Ghana Gold Board (GoldBod) has announced the commencement of the licensing of service providers within the gold trading sector, effective Wednesday, April 23, 2025. A Ghanaian 18 years and above or a fully owned Ghanaian company may apply to GoldBod for a license online via GoldBod’s official website, goldbod.gov.gh, or physically at the license office located at our main ...

The World Bank has issued a definitive statement dispelling speculation about the status of its funded projects in Ghana. In a brief but crucial communication released today, the global financial institution stated unequivocally, “No projects in the World Bank-financed portfolio in Ghana are currently suspended.” This clarification comes amidst recent concerns and reports suggesting that certain World Bank-backed initiatives in ...

Former Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has expressed his readiness to fully cooperate with any investigative body that will be established to probe the controversial disappearance of over 1,300 ECG containers at the Tema Port. Dubik Mahama’s statement comes in the wake of mounting concerns and public outrage over the alarming loss of ...

By Mohammed Suleman The Executive Director of the Integrated Social Development Centre (ISODEC), Mr. Sam Danse, has encouraged Civil Society Organisations to intensify their advocacy for the responsible management of Ghana’s natural resources and ensure that the wealth they generate translates into tangible benefits for all Ghanaians. Mr Danse also rallied civil society to reignite the spirit of togetherness and ...

Coalition Members of Publish What You Pay Ghana (PWYP-Ghana) are expected to converge in Accra this week for an extraordinary General meeting to review and evaluate its programmes and activities in Ghana in line with the Coalition’s new Global Strategy 2030. The meeting, to be held on the theme, ‘Building Together’ is being organised by PWYP-Ghana,in collaboration with the Integrated ...

The Finance Minister Dr Cassiel Ato Forson has outlined financial allocations for various sectors and initiatives in the 2025 budget, with a focus on education, infrastructure, social protection, and disaster relief. The allocations aim to support the government’s economic recovery and development priorities, addressing immediate concerns while laying the foundation for long-term growth. In all, there were 19 allocations highlighted ...

Some oil marketing companies have begun marginally reducing fuel prices at the pump following the start of the first pricing window in March. This marks the second consecutive reduction after three successive price hikes earlier this year. Total Energies has led the latest adjustment, lowering the price of both petrol and diesel from GHS 15.99 in the second pricing window ...

Finance Minister Dr Cassiel Ato Forson has called for a united effort to revive Ghana’s struggling economy. Speaking at the opening ceremony of the 2025 National Economic Dialogue in Accra, Dr Forson emphasised the importance of collaboration among all stakeholders to address the nation’s economic challenges. The two-day event, held at the Accra International Conference Centre, brings together government officials, ...

President John Dramani Mahama has thanked labour unions for accepting the 10 per cent pay rise. Delivering his maiden State of the Nation Address in Parliament on Thursday, February 27, he noted that this year is a year of sacrifice. “I am confident that the sacrifice we have all made this year will benefit our county going into the future,” ...