20 h. ago Cedi to weaken further amid elevated demand; one dollar equals GH¢13 at forex bureaus

“We expect further interbank weakness toward our fair value of GH¢12.2/US dollar ±0.5 as market correction continues amid tight FX supply and elevated FX demand”, IC Research, the research outfit of IC Securities, revealed.

Politics

63 h. ago Record Gold Surge Offers Ghana Revenue Boost Amid Illegal Mining Fears

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/record-gold-surge-offers-ghana-revenue-boost-amid-illegal-mining-fears/Gold prices soared past $3,500 per ounce Tuesday, presenting Ghana with a significant revenue opportunity while raising concerns that the precious metal’s record values could intensify illegal mining activities across the West African nation. The surge, driven by global economic uncertainty and expectations of Federal Reserve rate cuts, positions Ghana favorably as one of the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/record-gold-surge-offers-ghana-revenue-boost-amid-illegal-mining-fears/

Events

3 d. ago Transport Union Warns Drivers Against Illegal Fare Hikes Despite Rising Fuel Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/transport-union-warns-drivers-against-illegal-fare-hikes-despite-rising-fuel-costs/The Ghana Private Road Transport Union has issued a stern warning to drivers against increasing transport fares without official approval, even as fuel prices continue their upward climb. The caution follows another round of fuel price increases that took effect on September 1, despite falling crude oil prices on international markets. According to data from […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/transport-union-warns-drivers-against-illegal-fare-hikes-despite-rising-fuel-costs/

Events

3 d. ago Development Bank Chiefs to Address Mining Investment at Cape Town Summit

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/development-bank-chiefs-to-address-mining-investment-at-cape-town-summit/Two senior Africa Finance Corporation executives will take center stage at next month’s African Mining Week as the continent’s development finance sector seeks to capitalize on surging global demand for critical minerals. Molebogeng Mazibuko, the corporation’s Associate Vice President for Investment, will deliver opening remarks at the three-day Cape Town gathering starting October 1. Her […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/development-bank-chiefs-to-address-mining-investment-at-cape-town-summit/

Politics

4 d. ago Crude Rally and Currency Decline Set to Drive Ghana Fuel Costs Higher

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/crude-rally-and-currency-decline-set-to-drive-ghana-fuel-costs-higher/International oil markets staged a recovery on Monday as Brent crude approached $68 per barrel, ending weeks of declining prices and threatening to reverse potential fuel savings for Ghanaian consumers. The rebound coincides with significant cedi weakness that could amplify domestic price pressures. Global crude had offered hope for relief after Brent dropped nearly 7% […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/crude-rally-and-currency-decline-set-to-drive-ghana-fuel-costs-higher/

Politics

4 d. ago Fuel Prices Expected to Jump This Week Amid Currency Pressures

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/fuel-prices-expected-to-jump-this-week-amid-currency-pressures/Ghanaians face another round of fuel price increases this week as currency fluctuations and international market dynamics force Oil Marketing Companies to adjust pump prices upward. Riverson Oppong, CEO of the Oil Marketing Companies association, warned that petrol prices will rise between 3% and 5% starting Tuesday. The increases reflect ongoing challenges with foreign exchange […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/fuel-prices-expected-to-jump-this-week-amid-currency-pressures/

Events

4 d. ago Cedi falls on strong demand amid weak forex support; one dollar equals GH¢12.70 at forex bureaus

In the retail market, the cedi depreciated by 5.80%, 5.44%, and 4.53% against the dollar, pound sterling, and euro, respectively, settling at mid-rates of GH¢12.50/US dollar, GH¢16.55/pound, and GH¢13.35/euro.

Politics

5 d. ago African Airlines Lead Global Cargo Surge with 9.4% July Growth

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-airlines-lead-global-cargo-surge-with-9-4-july-growth/African carriers delivered one of the world’s strongest air cargo performances last month, recording 9.4% year-on-year growth in freight demand despite marginal capacity constraints. The International Air Transport Association data reveals Africa’s airlines outperformed most global regions, driven primarily by expanding trade flows between Africa and Asia. Cargo capacity across the continent remained virtually flat, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/african-airlines-lead-global-cargo-surge-with-9-4-july-growth/

Transport

6 d. ago Cedi Weakness Set to Drive Fuel Price Surge Despite Global Oil Drop

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/Ghana’s weakening currency threatens to push petroleum prices sharply higher from September, potentially derailing the country’s progress toward single-digit inflation by year-end. The Chamber of Oil Marketing Companies projects petrol prices will climb between 3.86 and 5.40 percent, bringing the average cost per litre to around 13.67 cedis. Diesel faces a 3.39 percent increase to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/

Politics

7 d. ago BoG Dollar Ban Faces Reality Check as Weak Cedi Drives Pricing

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bog-dollar-ban-faces-reality-check-as-weak-cedi-drives-pricing/The Bank of Ghana has issued another warning against dollar pricing for domestic transactions, but experts argue that only currency stability can truly end the practice. The central bank’s latest directive reminds businesses that pricing goods and services in foreign currencies violates the Foreign Exchange Act of 2006. From school fees to real estate and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bog-dollar-ban-faces-reality-check-as-weak-cedi-drives-pricing/

Politics

1 week ago Ghana’s Cedi Falls Over 1% as Corporate Dollar Demand Outpaces Supply

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-falls-over-1-as-corporate-dollar-demand-outpaces-supply/Ghana’s currency extended its slide against major international currencies last week, dropping more than one percent as corporate demand for foreign exchange overwhelmed available supply and the central bank reduced market interventions. The cedi weakened to ¢10.95 per dollar by August 25, down from ¢10.80 at the start of the trading week, marking a 1.4 […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-falls-over-1-as-corporate-dollar-demand-outpaces-supply/

Politics

2 w. ago Cocoa farmers revolt over prices, as coalition threatens mass smuggling

A coalition of Ghanaian cocoa farmers has threatened to bar officers of the national regulator from their farms to protest the newly announced producer price for the upcoming season, which they say could fuel illegal smuggling to the Ivory Coast and Togo.

Events

2 w. ago Ghana cocoa farmers revolt over prices, threaten mass smuggling

A coalition of Ghanaian cocoa farmers has threatened to bar officers of the national regulator from their farms to protest the newly announced producer price for the upcoming season, which they say could fuel illegal smuggling to Ivory Coast and Togo. More than 300,000 farmers expressed anger over what they consider inadequate compensation, with some […]

Events

3 w. ago Africa’s Solar Surge Passes 20 GW Milestone as Global Growth Slows

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/africas-solar-surge-passes-20-gw-milestone-as-global-growth-slows/Africa now hosts over 20 gigawatts peak (GWp) of operational solar capacity, a landmark achievement signaling the continent’s accelerating clean energy transition. This figure will soon look modest, with more than 10 GWp currently under construction across utility-scale, commercial, industrial, and off-grid projects. While regions like Europe and the US report slowing solar installations, Africa […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/africas-solar-surge-passes-20-gw-milestone-as-global-growth-slows/

Politics

3 w. ago Cedi’s Rise Squeezes Cocoa Farmers Despite Global Price Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/Ghana’s currency appreciation is delivering mixed blessings for its vital cocoa sector. While the cedi’s 40% gain this year bolsters national economic stability, it has sharply limited local benefits from soaring global cocoa prices. Farmers recently learned their produce will fetch only 4% more in cedis this season, despite international prices jumping over 60% in […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedis-rise-squeezes-cocoa-farmers-despite-global-price-surge/

Politics

4 w. ago Ghana’s Cedi Surge Masks Underlying Weaknesses, Warns Advisory

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/Ghana’s cedi has staged one of Africa’s sharpest recoveries this year, soaring 42.6% against the US dollar since January but analysts caution this strength rests on fragile, temporary pillars. A new report by economic consultancy EM Advisory reveals the rally, which also saw gains of 30.3% against the British pound and 25.6% against the euro, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-cedi-surge-masks-underlying-weaknesses-warns-advisory/

Events