2 h. ago Cedi confidence and the cost of complacency: What the BoG Governor’s speech reveals

The Governor of the Bank of Ghana (BoG), Dr. Pandit Johnson Asiama's speech at the Graphic Business Breakfast Meeting on Tuesday, July 15, on the theme “Sustaining Forex Gains: Business and Economic Impact”, offers a timely and comprehensive assessment of Ghana’s evolving macroeconomic environment.

Politics

7 h. ago Shippers’ Authority drags shipping lines before BoG over exchange rate abuse

The Ghana Shippers’ Authority (GSA) has taken action against what it describes as the arbitrary application of foreign exchange rates by some shipping lines operating in the country. The Authority, headed by Prof. Ransford Gyampo, has referred the culprits to the Bank of Ghana (BoG) for redress. The move follows complaints lodged by shippers and […]

Politics

9 h. ago Shippers’ Authority blocks arbitrary fee hikes with new regulatory powers

The Ghana Shippers’ Authority (GSA) has begun enforcing its expanded powers under its Act, 2024 (Act 1122), with decisive actions that have blocked unjustified fee hikes by shipping service providers.

Politics

10 h. ago Ghana’s inflation to remain on a downward trajectory in second

“The drop in price pressures reflects the cedi’s 50% appreciation against the dollar in April and May alongside a decline in global energy prices amid uncertainty surrounding US trade policy”, it added.

Events

13 h. ago Royal Sweet Limited signs up for JoySports Invitational Tournament 2025

Manufacturing giants Royal Sweet Limited have registered to be part of the 2025 JoySports Invitational Tournament, set for August 9 at the University of Ghana Sports Stadium. Following a successful return in 2024, this year’s edition promises another exciting day of corporate sports, networking, and healthy competition. This year’s edition is proudly supported by Royal […]

Sport

18 h. ago 10 Key Takeaways from BoG Governor Dr Johnson Asiama’s address at the Graphic Business/Stanbic Bank Breakfast Meeting

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, on Tuesday, July 15, joined the Graphic Business/Stanbic Bank Breakfast Meeting where he spoke on a number of issues. Below are 10 takeaways from his address.

Politics

21 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

21 h. ago Cedi must lead Ghana’s economy – BoG to clamp down on dollar transactions

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has underscored the urgent need to safeguard the cedi’s dominance in Ghana’s economy and crack down on the increasing normalisation of foreign currency pricing in domestic transactions. Speaking at a financial sector engagement, Dr Asiama issued a clear warning against the creeping trend of […]

Politics

22 h. ago BoG to mark 60 years of the Cedi with anniversary celebration in August

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has announced plans to commemorate the 60th anniversary of the country’s official currency, the cedi.

Politics

23 h. ago Too many Ghanaian businesses continue to price in US dollars – BoG Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has expressed concern over the persistent use of foreign currencies, particularly the US dollar, in domestic trade.

Economics

23 h. ago Rejecting coins as a means of payment is illegal – BoG warns traders

The Bank of Ghana is urging the public especially traders and market operators to accept all legally issued coins, including smaller denominations such as 1, 5, 10, 20, and 50 pesewas, as valid forms of payment. This follows increasing reports of the lower denominations being rejected in everyday transactions, a practice the central bank says […]

Events

23 h. ago BoG considers price hedging programme for gold exports – Governor 

The Bank of Ghana Governor Dr. Johnson Asiama, has revealed that the Central Bank is considering price hedging programme for its gold exports.  The move, according to him, is to ensure that its loss is minimise, should the price of gold start declining due to developments on the international market.  The Governor of the Bank […]

Politics

23 h. ago Cedi appreciation due to strengthened economic fundamentals – BoG Governor

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has credited the recent appreciation of the Ghanaian cedi to four key economic pillars, highlighting improved policy coordination and renewed investor confidence as instrumental to the currency’s stability.

Politics

23 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

23 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

24 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

25 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

25 h. ago 2024 WAFCON: Banyana Banyana cruise into Knockout Stages with convincing win over Mali

CAF Women’s Africa Cup of Nations reigning champions, South Africa produced a dominant display to brush aside Mali 4–0 and seal top spot in Group C, securing their place in the knockout stages in style. Banyana Banyana started brightly and wasted no time in asserting their authority. Just five minutes in, Lebohang Ramalepe opened the […]

Politics

36 h. ago WAFCON 2024: Second half brilliance against Tanzania takes Black Queens to quarter

The Queens were held 1-1 at half time but scored three times in the second 45 minutes to reach the last eight and set up a clash against Algeria.

Politics

38 h. ago Minority, Majority MPs clash over credit for Ghana’s economic gains

Majority and Minority MPs have clashed in Parliament over Ghana’s recent economic gains, as inflation declines and the cedi strengthens against major foreign currencies.

Politics