6 d. ago Ghana Central Bank Slashes Policy Rate in Surprise Move Amid Economic Shifts

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/The Bank of Ghana has cut its benchmark Monetary Policy Rate by 300 basis points to 25%, defying market expectations in a decisive shift toward stimulating growth. Five of six Monetary Policy Committee members backed the aggressive reduction, citing plunging inflation (13.7% in June from 23.8% in December 2024), a 40.7% year-to-date cedi surge, and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-central-bank-slashes-policy-rate-in-surprise-move-amid-economic-shifts/

Events

7 d. ago Reviving Growth: A bold step by the Bank of Ghana and the Mahama administration

The Governor of the Bank of Ghana announced a significant policy shift:“Overall, the Committee noted that macroeconomic conditions have significantly improved, inflation expectations are broadly anchored, external buffers have strengthened, and confidence in the economy is returning Given these considerations, the Committee, by a majority decision, voted to lower the Monetary Policy Rate (MPR) by […]

Politics

7 d. ago Ghana Raises Cocoa Producer Price by 62.6% Ahead of New Season

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-producer-price-by-62-6-ahead-of-new-season/Ghana’s government has announced a significant increase in cocoa producer prices to GH¢3,228.75 per 64kg bag (GH¢51,660 per tonne) for the 2025/2026 season, marking a 62.6% rise from the previous rate. Finance Minister Dr. Cassiel Ato Forson confirmed the adjustment effective August 7, 2025aligns with President John Mahama’s pledge to return 70% of export value […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-producer-price-by-62-6-ahead-of-new-season/

Politics

8 d. ago Cedi Strength Caps Cocoa Farmer Gains Despite 63% Global Price Surge

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-strength-caps-cocoa-farmer-gains-despite-63-global-price-surge/Ghana’s cocoa farmers will receive only a 4.2% increase in local currency earnings for the new season despite a 62.6% dollar-denominated price jump to $5,040 per tonne, as the cedi’s appreciation blunts the global windfall. The revised rate of GH¢3,228.75 per 64kg bag effective August 7 contrasts sharply with farmer expectations, as a stronger cedi […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-strength-caps-cocoa-farmer-gains-despite-63-global-price-surge/

Politics

8 d. ago Ghana Raises Cocoa Price to $5,040 Per Tonne in Policy Shift

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-price-to-5040-per-tonne-in-policy-shift/Ghana has increased cocoa producer prices to $5,040 per tonne for the 2025/2026 season, up from $3,100, effective August 7. The adjustment announced by Finance Minister Dr. Cassiel Ato Forson translates to GH¢3,228.75 per 64kg bag, a GH¢128.75 rise. Forson stated the move fulfills President John Mahama’s pledge to allocate 70% of Free-On-Board (FOB) value […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-raises-cocoa-price-to-5040-per-tonne-in-policy-shift/

Economics

8 d. ago Government increases producer price of cocoa to $5,040 per tonne effective August 7

The Government has approved a significant increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the upcoming 2025/2026 season.

Politics

4 w. ago US Visa Restrictions fuel Ghanaian outrage, stoking economic concerns

A seismic shift in United States visa policy for Ghanaian citizens raises concerns about economic impact, educational dreams, and the very fabric of transnational families. Diplomatic and certain family-based visas continue to provide their multi-entry benefits. However, the new policy is a major setback for the majority, dramatically limiting travel for business, tourism, and especially student travel.

Politics