10 h. ago We will take drastic measures to halt dollarisation of economy – BoG Governor

The Bank of Ghana Governor has given the firm assurance that the Central Bank will take some drastic measures to help halt the dollarisation of the cedi. The Governor stated that “Enforcement of legal tender laws will be stepped up, especially in sectors where forex pricing has become normalised”. The Bank of Ghana Governor disclsoed […]

Politics

13 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zamerama’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee […]

Politics

13 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zabarma’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee meetings.

Politics

13 h. ago APL claims vindication following IMF’s revelation of BoG’s $1.4bn forex support

Governance think tank, the Africa Policy Lens, says it has been vindicated by a recent revelation by the International Monetary Fund (IMF) that the Bank of Ghana pumped in dollars to support the recent stability of the Cedi. The IMF, in its latest review of Ghana's programme, revealed that the Bank of Ghana released $1.4bn forex support to sustain the Cedi against the US dollar.

Politics

14 h. ago Forex market intervention for 2025 Q1 has not depleted our reserves – BoG

The Bank of Ghana (BoG) has maintained that its foreign exchange (forex) market intervention for the first quarter of 2025 has not depleted its reserves. The BoG, according to what JOYBUSINESS has picked up added US$1.6 billion to its reserves for the first six months of the year, surpassing the International Monetary Fund’s (IMF) reserve […]

Politics

31 h. ago DSTV, Market Power, and the urgent case for competition (Antitrust) Law Reset

In March 2025, MultiChoice Ghana, the operator of DSTV, raised its subscription prices, triggering public backlash. Soon after, the Ghanaian cedi appreciated significantly against the US dollar, gaining roughly a third of its value. Despite the change in exchange rate, DSTV did not adjust its prices downward. From basic economics, a firm with no competitive […]

Politics

38 h. ago Bank of Ghana intervened with $1.4bn in the forex market in 2025 first quarter

The Bank of Ghana sold $1.4 billion in foreign exchange during the first quarter of 2025, according to the latest International Monetary Fund (IMF) review of Ghana’s programme. “The Bank of Ghana’s footprint in the FX market continued to increase. Large-scale FX intervention continued in 2025, reaching $1.4 billion in the first quarter,” the Fund noted. […]

Economics

65 h. ago Professor Gyampo exposes shipping lines over “arbitrary” exchange rates

The quest to reduce the high cost of doing business is facing a significant hurdle, as the Ghana Shippers Authority (GSA) points fingers at international shipping lines for allegedly imposing arbitrary exchange rates and actively resisting regulatory oversight. Professor Ransford Gyampo, CEO of the GSA, revealed that his organisation has completed extensive investigations into these […]

Politics

5 d. ago Savings and loans sector records 27% growth in lending amidst low NPL rate

Ghana’s savings and loans sector recorded a significant increase in lending, rising from GH¢1.7 billion in 2023 to GH¢2.1 billion as of December 2024. This represents a 27.2 percent year-on-year growth. The figures were presented at the 15th Annual General Meeting of the Ghana Association of Savings and Loans Companies (GHASALC) held in Accra. The […]

Economics

5 d. ago BoG to cut policy rate by 300 basis points to 25% – IC Research

The Monetary Policy Committee (MPC) of the Bank of Ghana may cut the policy rate by 300 basis points to 25%. This is due to a sharp fall in inflation in June 2025 to 13.7%. “We maintain a dovish outlook for the July MPC meeting, raising our expected cut in the policy rate to at […]

Events

6 d. ago IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

The Institute of Economic and Research Policy Promotion (IERPP), says it has been vindicated by the IMF's expression of concern and caution to the government over its control of the stability of the Cedi. The Executive Board of the IMF, in its fourth review under the Extended Credit Facility Arrangement with Ghana, expressed concern about how the government has been pumping in forex to support the Cedi against major currencies, instead of allowing market factors to determine the stability of the local currency.

Politics

7 d. ago Reduce interventions in the forex market – IMF to Bank of Ghana

The IMF Executive Board on July 7, 2025, concluded its fourth review of Ghana’s ongoing 18th  IMF programme, which began in May 2023. Completion of the review unlocks a new disbursement of $367 million, bringing the total support under the programme to $2.3 billion. This is a positive development for the Ghanaian cedi. The injection […]

Politics

7 d. ago GoldBod Security Task Force to restore integrity in gold sector – Mahama

President John Dramani Mahama has described the newly inaugurated Gold Board Security Task Force as a strategic instrument in Ghana’s broader economic transformation agenda.

Politics

7 d. ago Mahama charges GoldBod taskforce to serve with integrity and discipline

President John Dramani Mahama has called on members of the newly inaugurated GoldBod Taskforce, urging them to uphold the highest standards of integrity, professionalism, and discipline as they take on the fight against illegal mining across the country.

Politics

7 d. ago ‘I make a solemn pledge to support Goldbod’ – Finance Minister Ato Forson

Finance Minister Dr Cassiel Ato Forson has pledged his unwavering support to the Ghana Gold Board (Goldbod) in its efforts to clamp down on illegal gold smuggling and strengthen the management of the country’s gold resources. 

Politics

7 d. ago GoldBod revolution: Over 300 new trading licenses issued – Sammy Gyamfi

The Ghana GoldBoard (GoldBod), the nation’s newly established regulatory body for the precious minerals sector, has announced the issuance of over 300 gold trading licences through its innovative, transparent digital system. This figure underscores the rapid progress being made by the GoldBod to formalise and sanitise Ghana’s gold industry, which is Africa’s largest gold producer, […]

Politics

7 d. ago GoldBod Taskforce launch: Mahama promises 10% reward for whistleblowers

President John Dramani Mahama has unveiled a whistleblower reward scheme as part of a broader crackdown on illegal mining, declaring that informants who help retrieve gold or illicit cash will receive 10% of its value.

Events

7 d. ago Mahama launches GoldBod taskforce with stringent oversight measures

President John Dramani Mahama has inaugurated the GoldBod Taskforce with a firm commitment to transparency and accountability in its operations.

Sport

7 d. ago We’ll deal ruthlessly with any abuse of power – Sammy Gyamfi warns GoldBod taskforce

Chief Executive Officer of the Ghana GoldBod, Sammy Gyamfi, has sent a strong and uncompromising message to members of the newly inaugurated GoldBod Taskforce. He cautioned them against abuse of authority, emphasising that unprofessionalism will not be tolerated under any circumstance. Speaking at the inauguration ceremony of the task force, Mr Gyamfi declared that the […]

Events

7 d. ago US delays higher tariffs but announces new rates for some nations

President Donald Trump has delayed imposing higher tariffs on US imports while sending letters to 14 countries including Japan and South Korea detailing the levies they face.

Politics