9 h. ago Who Will Bell the Cat? Ghana’s Gold strategy and the strangling of dollar liquidity

Who will bell the cat? That is the question many are now asking as Ghana’s foreign exchange liquidity tightens in unexpected ways. In the early part of 2025, the Ghana Cedi appreciated by an impressive 16%, buoyed by rising gold exports and a renewed sense of macroeconomic stability. On the surface, it looked like Ghana […]

Politics

50 h. ago Ghana’s John Mahama: ‘When the world is unpredictable, people head to gold’

With commodity markets driving the country's remarkable turnaround, President John Mahama says political reforms, debt restructuring and revitalising farming will keep the cedi rising. On the face of it, the barrage of upbeat reports on Ghana from the ratings agencies and the financial press point to a remarkable turnaround for a country that defaulted on its public debt three years ago.

Politics

4 d. ago Resolve your gold mine feud within 7 days – Minister orders Azumah Resources, Engineers & Planners

The future of Ghana's highly anticipated $100 million Black Volta Gold Project hangs in the balance as the Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has issued a stern ultimatum to the two companies embroiled in a dispute over its acquisition.

Politics

4 d. ago Minister orders Engineers & Planners, Azumah Resources, to quash gold mine feud within 7 days

The future of Ghana's highly anticipated $100 million Black Volta Gold Project hangs in the balance as the Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has issued a stern ultimatum to the two companies embroiled in a dispute over its acquisition.

Politics

6 d. ago Engineers & Planners defends $100m Azumah gold mine acquisition, dismisses political claims

Engineers & Planners (E&P), the Ghanaian firm at the center of a gold mine acquisition, has clarified what it calls “misleading and false claims” regarding its purchase of Azumah Resources Ghana Ltd, a gold concession in the Upper West Region formerly owned by Australian interests.

Politics

6 d. ago Full text: Engineers & Planners responds to $100m Azumah Resources gold mine deal

The government of Ghana gave a lease to Azumah Resources Ghana Ltd in respect of a gold concession in the Upper West Region in 1992. The company is owned by an Australian company. From 1992 till 2022, the company was unable to commence any significant exploration activities on the land, contrary to the terms of the lease agreement.

Economics

6 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

6 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

6 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

6 d. ago It’s time for Ghanaians to own gold mines – President Mahama

President John Dramani Mahama has issued a clarion call for Ghanaians to take full ownership of the country’s rich gold mining industry, emphasising that the time is ripe for Ghana to fully benefit from its abundant natural resources. He made this remark less than 24 hours after his brother, Ibrahim Mahama, acquired the Black Volta […]

Politics

7 d. ago Gold prices to remain elevated; Ghanaian government to take greater policy risks – Fitch Solutions

Gold accounts for roughly 40% of Ghana’s exports, serving as its primary source of foreign exchange.

Politics

2 w. ago GoldBod revokes all gold trading licences issued under former PMMC regime

The Ghana Gold Board (GoldBod) has officially revoked all gold trading licences previously issued under the defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources.

Politics

2 w. ago Galamsey’s silent scars deepen in Ghana amidst China’s blame on local collusion

Ghana, the legendary Gold Coast, continues to reel from an environmental disaster that runs far deeper than the visible land destruction and contaminated waterways. Illegal small-scale mining, known locally as galamsey, is tearing the heart out of Ghanaian communities. Beyond the physical damage, it has spawned a human cycle of devastation too often buried beneath political and diplomatic rhetoric. Addressing the deportation of Chinese nationals arrested for galamsey, Chinese Ambassador to Ghana, Tong Defa, condemned the widespread illegal mining in the West African nation. He emphasised Beijing’s zero-tolerance policy and highlighted measures China has instituted to deter its nationals from engaging in such acts.

Politics

2 w. ago As gold prices surge, Gold Fields launch drones to detect wildcat miners

As the afternoon sun beats down on Gold Fields' sprawling Tarkwa gold mine in southwestern Ghana, three men launch a drone into the clear sky, its cameras scanning the lush 210-square-kilometre tract for intruders.

Events

3 w. ago Striking gold or sinking fast? A deep dive into Ghana’s Gold Coin and cedi strength

Overview Ghana has faced various economic challenges over the years. These challenges have led the country to seek external assistance, including financial support from international organizations such as the World Bank and the International Monetary Fund (IMF). These challenges led to the introduction of the DDEP, which subsequently led to the depreciation of the cedi […]

Events

3 w. ago Oil, gold, travel at risk – Expert on Ghana’s exposure to fallout from Middle East attacks

Research Director of African Programmes at Chatham House, says Ghana and other African countries are not shielded from the escalating conflict between Israel and Iran.

Events

3 w. ago Ghana has lost $11bn to gold smuggling, links to UAE, report finds

Ghana is losing billions of dollars in revenue annually to smuggling from its booming artisanal gold mining sector, with much of the gold flowing to the United Arab Emirates, according to a report by the nonprofit Swissaid.

Politics

4 w. ago Minority mulls court action over unapproved Damang Mine lease deal

The Minority in Parliament has issued a strong warning to the government, threatening to initiate legal proceedings over its failure to submit the renewed mining lease agreement for Gold Fields Ghana Limited’s Damang Mine to Parliament for ratification.

Economics