10 h. ago Cocoa Prices Whipsaw as Ivory Coast Slashes Exports, Demand Cools

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-whipsaw-as-ivory-coast-slashes-exports-demand-cools/Côte d’Ivoire’s shock decision to cut 2025/26 cocoa export contracts by 100,000 MT sent markets reeling this week, amplifying volatility in an already fragile sector. Prices swung from $9,300 to $8,600 per metric ton—still 36% below 2024’s peak but 50% higher year-on-year. The move by the world’s top producer reflects worsening crop health amid drought […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-whipsaw-as-ivory-coast-slashes-exports-demand-cools/

Politics

11 h. ago Cocoa Prices Swing Wildly as Weather Worries Offset Supply Hopes

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-swing-wildly-as-weather-worries-offset-supply-hopes/Cocoa futures tumbled to seven-month lows in mid-July 2025, only to rebound sharply by month’s end as weather fears clashed with forecasts of improved global supplies. London prices bottomed at $6,443 per tonne while New York hit $7,315, pressured by expectations of rising Latin American harvests and weakening demand. Yet within weeks, both markets surged […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/cocoa-prices-swing-wildly-as-weather-worries-offset-supply-hopes/

Politics

12 h. ago Ghana’s Growth Masks Job Crisis as Economy Relies on Spending, Not Factories

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/Ghana’s economy shows steady growth, but a heavy dependence on consumer spending fueled by oil revenues is failing to create quality jobs, a new World Bank report reveals. The 9th Ghana Economic Update warns this consumption-led model is stifling the structural transformation needed for broad-based prosperity. Oil windfalls and favorable global prices for cocoa, gold, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-growth-masks-job-crisis-as-economy-relies-on-spending-not-factories/

Events

12 h. ago World Bank Warns Mounting Debt Threatens Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/The World Bank has raised urgent concerns over the Ghana Cocoa Board’s (COCOBOD) financial stability, warning that rising debt and operational inefficiencies could destabilize the country’s vital cocoa industry. Despite soaring global cocoa prices, Ghana’s production remains low, with COCOBOD struggling under significant arrears to suppliers and costly “quasi-fiscal operations” outside its core mandate. In […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/

Events

12 h. ago Ghana Invests GH¢100 Million to Fortify National Food Reserves

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-invests-gh%c2%a2100-million-to-fortify-national-food-reserves/The government has allocated GH¢100 million to bolster the National Food Buffer Stock Company (NAFCO) this year, aiming to secure Ghana’s food reserves against emergencies and market disruptions. The funding, detailed in the Food and Agriculture Ministry’s 2025–2028 expenditure framework, will enable NAFCO to purchase and store essential commodities, reinforcing its role in price stabilization […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-invests-gh%c2%a2100-million-to-fortify-national-food-reserves/

Politics

12 h. ago Ghana Fuel Prices Shift with Petrol, LPG Rising as Diesel Dips

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-fuel-prices-shift-with-petrol-lpg-rising-as-diesel-dips/Ghanaian drivers will see mixed changes at the pump starting Saturday, August 16th. Petrol and liquefied petroleum gas (LPG) prices are set for modest increases, while diesel costs will edge downward, according to the Chamber of Oil Marketing Companies (COMAC). Petrol prices are projected to rise between 0.39% and 2.71%, with LPG increasing by 0.15% […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-fuel-prices-shift-with-petrol-lpg-rising-as-diesel-dips/

Events

29 h. ago World Bank warns COCOBOD’s mounting debts threaten Ghana’s cocoa sector

The World Bank’s latest Ghana Economic Update has raised concerns over the financial stability of the Ghana Cocoa Board (COCOBOD), warning that persistent operational and fiscal challenges could undermine one of the country’s most vital export industries. According to the report, despite record-high global cocoa prices, Ghana’s cocoa production remains weak, while COCOBOD owes significant […]

Events

49 h. ago Ghana Miners Demand Fair Share as Gold Prices Soar to Record Highs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-miners-demand-fair-share-as-gold-prices-soar-to-record-highs/Ghana’s mineworkers are pushing gold mining giants to channel record profits into wages and safety upgrades rather than solely funding expansion projects. At a National Executive Council meeting in Accra, the Ghana Mineworkers’ Union (GMWU) spotlighted the industry’s windfall from gold’s meteoric rise from $1,800 per ounce during the pandemic to historic peaks above $3,000 […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-miners-demand-fair-share-as-gold-prices-soar-to-record-highs/

Politics

3 d. ago Ghana Cocoa Farmers See Little Gain from Price Surge, IMANI Reveals

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-see-little-gain-from-price-surge-imani-reveals/Record cocoa prices won’t automatically rescue Ghana’s struggling farmers, policy think tank IMANI Africa warns. Despite the government hiking producer prices, most smallholders still earn as little as GHC 5.90 daily per hectare barely enough to cover costs. The problem isn’t prices but productivity, IMANI stresses. With 70% of farmers tending plots under two hectares, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-see-little-gain-from-price-surge-imani-reveals/

Politics

3 d. ago Ghana Equities Stall After Record July Surge as Access Bank Approves Dividend

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-equities-stall-after-record-july-surge-as-access-bank-approves-dividend/Ghana’s stock market held flat on Tuesday, August 12, with the GSE Composite Index unchanged at 7,411.94 points a pause following July’s explosive 11.9% rally. Trading volume reached 8.7 million shares (GH¢34.6 million), dominated by MTN Ghana (85% of value) at a steady GH¢3.95. Only eight equities saw activity, including static prices for Standard Chartered […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-equities-stall-after-record-july-surge-as-access-bank-approves-dividend/

Politics

3 d. ago Sam George alleges covert moves by MultiChoice Ghana to evade a 30% DSTv price cut

Minister of Communications, Digital Technology and Innovations, Samuel George, has revealed that MultiChoice Ghana, the operators of DStv, is involved in intense behind-the-scenes lobbying to pressure him into reversing his directive for a significant price reduction.

Politics

3 d. ago Sustainability of Ghana’s macroeconomic recovery hinges on elevated gold prices – Fitch Solutions

In its analysis of the Ghanaian economy, it said a substantial decline in gold prices would drive a sharp rebound in inflation. This will prompt the Bank of Ghana to maintain a tighter policy stance than currently anticipated.

Economics

3 d. ago New HIV Prevention Shot Priced at US$28k Sparks Access Concerns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/new-hiv-prevention-shot-priced-at-us28k-sparks-access-concerns/Gilead Sciences has secured US approval for Yeztugo, a groundbreaking twice-yearly injection to prevent HIV, but its $28,000 annual price is raising alarms. The drug, lenacapavir, offers a vital alternative for people who struggle with daily pills. In globally diverse trials involving thousands, Yeztugo proved over 99.9% effective at preventing HIV infection. It’s approved for […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/new-hiv-prevention-shot-priced-at-us28k-sparks-access-concerns/

Economics

4 d. ago Ghana Cocoa Farmers Reject Government’s Price Increase as Broken Promise

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-reject-governments-price-increase-as-broken-promise/Cocoa farmers across Ghana are protesting what they call a betrayal by President John Mahama’s administration after it failed to deliver a promised sixfold price increase. Last week’s announcement of a GHS128.75 per bag hike bringing prices to GHS3,228.75 fell drastically short of the GHS6,000 pledge central to Mahama’s 2024 election campaign. The gap leaves […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-cocoa-farmers-reject-governments-price-increase-as-broken-promise/

Politics

5 d. 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

6 d. ago Data Shows Local Food Prices Drive Ghana’s Stubborn Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/data-shows-local-food-prices-drive-ghanas-stubborn-inflation/Ghana’s inflation battle faces a new complication, with official statistics confirming traders’ claims that locally produced goods, not imports, are now the primary drivers of persistent high prices. Recent data from the Ghana Statistical Service (GSS) aligns with the Ghana Union of Traders Association’s (GUTA) stance, revealing a stark divide between imported and domestic inflation […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/data-shows-local-food-prices-drive-ghanas-stubborn-inflation/

Economics

6 d. ago Ghana’s Stubborn Prices Defy Cooling Inflation, Traders Cite Dual Hurdles

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-stubborn-prices-defy-cooling-inflation-traders-cite-dual-hurdles/Ghanaian consumers are seeing inflation ease but feeling little relief at the market. Despite improving macroeconomic indicators, prices for many goods, like cement, remain stubbornly high, falling short of public expectations. This disconnect prompted the Roads and Highways Minister, Governs Kwame Agbodza, to issue a stark warning: only businesses lowering prices to reflect economic gains […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-stubborn-prices-defy-cooling-inflation-traders-cite-dual-hurdles/

Economics

6 d. ago Davido Confirms US$3.7 Million Price Tag for Miami Wedding to Chioma

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/davido-confirms-us3-7-million-price-tag-for-miami-wedding-to-chioma/Nigerian superstar Davido has revealed his Miami wedding to long-time partner Chioma Rowland cost a staggering $3.7 million (approximately ₦5.5 billion). The disclosure came during Friday’s “Havana Night” pre-wedding celebration, where the Grammy-nominated artist told guests, “We spent 3.7 million dollars in cash. You should know what we are doing. It’s crãzy.” The lavish ceremony […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/davido-confirms-us3-7-million-price-tag-for-miami-wedding-to-chioma/

Economics

6 d. ago Oil Prices Tumble as Tariffs and OPEC+ Output Rattle Markets

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-tumble-as-tariffs-and-opec-output-rattle-markets/Global crude prices plunged toward weekly lows on August 8, 2025, as U.S. tariff threats and OPEC+ production hikes spooked traders. Brent crude slid to $66.39 a barrel, with West Texas Intermediate at $63.79 both down sharply from the previous day’s close. The drop followed former President Donald Trump’s new 25% tariff on all Indian […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-tumble-as-tariffs-and-opec-output-rattle-markets/

Economics

7 d. ago Economist Slams MultiChoice’s “Mathematically Impossible” Cedi Claim

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/Ghana’s pay-TV giant MultiChoice faces intense scrutiny after an economist debunked its claim that the cedi depreciated 240% since 2017 a figure dismissed as “palpably false and mathematically impossible.” Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), challenged the company’s justification for refusing to reduce subscription prices despite government pressure. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-slams-multichoices-mathematically-impossible-cedi-claim/

Politics