Category: BUSINESS
Cedi’s downturn: Imports surge, forex shortage hits economy
The Ghanaian cedi’s impressive performance has taken a hit, with the currency weakening by 13% in the third quarter, erasing some of its 50% gain earl [...]
Ghana cedi slumps to Africa’s worst currency
The National currency, the cedi, has once again made global headlines—this time for the wrong reasons.
Barely five months after being hailed as the [...]
Importers take on Customs over auctioning of goods without gazette
A fresh controversy has erupted between the Ghana Revenue Authority (GRA) and the Importers and Exporters Association of Ghana (IEAG) over alleged man [...]
Fuel prices shoot up as cedi weakens
Ghanaians should brace themselves for another round of fuel price hikes beginning Monday, September 1, 2025, as the Chamber of Oil Marketing Companies [...]
Importers craeh with Customs over manipulating auction goods
A fresh controversy has erupted between the Ghana Revenue Authority (GRA) and the Importers and Exporters Association of Ghana (IEAG) over alleged man [...]
Ghana’s trade with Singapore hits impressive $215 million
Ghana’s trade with Singapore has reached an impressive $215 million, and President John Dramani Mahama is targeting billion-dollar growth.
Speaking [...]
BoG scales back dollar intervention
The Bank of Ghana has reduced the size and frequency of its foreign exchange intervention in the forex market.
This decision comes after the Centra [...]
Ghana cedi faces renewed pressure as dollar demand surges
The Ghana cedi has once again come under pressure, crossing the GH¢11 mark against the US dollar in commercial bank transactions, despite being recogn [...]
Gold Fields posts record profits, prepares exit from Damang Mine in 2026
Gold Fields Ghana has announced plans to relinquish control of its Damang mine to the Government of Ghana by April 2026, even as the mining giant cele [...]
Six banks face capital challenge, mergers loom
International ratings agency Fitch Ratings has projected that at least six commercial banks operating in Ghana will struggle to meet capital requireme [...]