Category: BUSINESS
Aliko Dangote to construct sugar refinery in Kwame Danso
Africa's richest man, Aliko Dangote, is set to construct a sugar refinery in Ghana. The 68-year-old British Nigerian billionaire, who Forbes Magazine [...]
‘Adjust prices with immediate effect’ – GUTA to traders as cedi gains strength
The Ghana Union of Traders’ Associations (GUTA) is calling on traders to cut prices in response to the recent appreciation of the cedi.
In a brief [...]
BoG’s gold reserves climb to 31.37 tonnes
The Bank of Ghana (BoG) has announced that its total gold reserves hit 31.37 tonnes by the end of April 2025. This figure reflects a remarkable increa [...]
Tanzania bans foreign currencies, shifts to local shilling to reduce dollar dominance
The Eastern African nation of Tanzania has announced a ban on the use of foreign currencies, including the US dollar, which the country has been using [...]
Matilda Asante-Asiedu sworn in as Second Deputy BoG Governor
The Bank of Ghana (BoG) has announced that Matilda Asante-Asiedu has been officially sworn in as the institution’s Second Deputy Governor.
The cere [...]
Bet365 to be sold for £9bn amid high demand from the U.S.A
Britain's richest self-made woman, Denise Coates, is considering selling Bet365 to potential suitors. Reports from the Telegraph say that
[...]
Cedi records massive gain against dollar; one dollar equals GH¢15.40
The Ghana cedi remarkably gained massively against US dollar today, April 29, 2025, to sell at GH¢15.40 to one dollar in the retail market.
This wa [...]
IMF warns global growth forecast will drop to 2.8% in 2025 due to trade uncertainties
The International Monetary Fund (IMF) has projected that global growth will drop to 2.8 percent from 3.3 percent earlier predicted for 2025. The IMF h [...]
US tariffs: Ghana to be among least affected Sub-Saharan Africa countries – Fitch Solutions
Ghana will be among the least affected countries in Sub-Saharan Africa by the US tariffs announced by President Donald Trump.
According to Fitch So [...]
Tariff hikes will cripple businesses — GUTA Warns
The Ghana Union of Traders’ Association (GUTA) has fiercely rebuked the Public Utilities Regulatory Commission (PURC) over its recent announcement of [...]