The decision reportedly announced by Bill Gates of Microsoft to support Ghana with a $20 billion contribution is a great credit to President John Mahama’s leadership, says Dr Spio-Garbrah, a former Ambassador to the USA. The Gates decision, coming closely on the heels of the USD 1 billion also mobilised by Hon Sam George from...

The Chief Executive of the Chamber of Oil Marketing Companies (OMCs), Dr. Riverson Oppong, has issued a strong warning that fuel prices are expected to rise sharply in the next pricing window despite a slight drop at the pumps this week  Dr. Oppong explained that this week’s marginal relief is temporary and driven mainly by...

The International Monetary Fund (IMF) has endorsed Ghana’s new Energy Sector Shortfall and Debt Repayment Levy, describing it as a strategic step toward achieving the country’s fiscal consolidation goals under the Extended Credit Facility (ECF) programme. The levy, which imposes a GH¢1 charge per litre of petroleum products, is intended to address persistent debt and...

The economy has shown robust growth in the first quarter of 2025, with provisional real Gross Domestic Product (GDP) expanding by 5.3%, up from 4.9% in the same period last year, according to the latest Statistical Newsletter released by the Ghana Statistical Service. Announcing this to the media yesterday at the GSS head office in...

Ghana risks a ban on fish exports to the European Union (EU) if the country does not take the necessary steps to sanitise its fishing space. Already, the country has received two yellow cards from the EU — one in 2013 and another in 2021 — and should the problem persist by 2026, Ghana will...

The Chamber of Oil Marketing Companies (COMAC) has expressed serious concerns regarding the government’s newly approved GH¢1 fuel levy. The Chamber warns that this levy could drive numerous downstream petroleum businesses towards insolvency and hinder the country’s clean energy objectives. In a press release dated 4th June 2025, COMAC voiced its apprehension over the recent...

Ghana has achieved a significant milestone in its efforts to strengthen the cedi and build reserves, earning over $1.1 billion in foreign exchange from the purchase and sale of more than 11 tonnes of gold. This accomplishment comes just one month after the Goldbod initiative commenced full operations. Key Highlights – *Boosting Foreign Exchange Reserves*:...

Ghanaian cocoa farmers are renewing calls for the government to guarantee them at least 70% of the Free-On-Board (FOB) price of cocoa—arguing that anything less continues to undervalue their pivotal role in the global cocoa supply chain. The renewed push follows a recent assurance by President John Dramani Mahama, who, during a Thank You tour...

The Ghanaian cedi is expected to maintain its relative stability in the coming weeks, supported by the anticipated disbursement of $370 million from the International Monetary Fund (IMF) later this month. This amount represents the fifth tranche of Ghana’s $3 billion Extended Credit Facility and follows the successful fourth review of the country’s economic reform...