Commuters and transport operators should brace for the usual disputes over fares in the coming days, following the announcement of a 15% reduction in transport fares effective May 24. The fare cut follows successful negotiations between the Ministry of Transport and transport unions, including the Ghana Private Road Transport Union (GPRTU). The reduction reflects recent...

Ghana President John Mahama, in a latest development, has announced the important ties between the European Union and Ghana on trade, which is targeted to boost the economy of the country. According to the video that was shared on the official YouTube channel of Joy News TV, the president, while addressing the men of the...

The Ghana Ports and Harbours Authority (GPHA) and the Ghana Shippers’ Authority (GSA) committed to strengthening their collaboration to reduce delays and inefficiencies in the cargo clearance process. The commitment was made at a high-level meeting between the two institutions chaired by GPHA Director General, Brig. Gen. Paul Seidu Tanye-Kulono, and GSA CEO, Prof. Ransford...

Dr Cassiel Ato Forson, Ghana’s Minister for Finance, has outlined the key factors contributing to the “unprecedented” appreciation of the Ghanaian cedi. As of May 13, the cedi had strengthened by 16.7% against the US dollar, making it the best-performing currency globally this year. In his remarks, Dr Forson attributed this remarkable performance to a...

The Volta Regional Minister, Mr. James Gunu, has announced the commencement of a strategic industrial park project in the region, aimed at accelerating socio-economic development and supporting the government’s 24-hour economy initiative. Speaking during an inspection of the 2,700-acre project site at Adaklu-Waya, Mr. Gunu emphasised the transformative potential of the industrial park. He called...

Financial analyst Joe Jackson has highlighted a combination of internal and external influences as the reasons behind the cedi’s recent appreciation. As the Chief Executive Officer of Dalex Finance, Jackson commended the Gold4Oil initiative for providing stability to the cedi. He also pointed to the global decline in the dollar’s value, which he linked to...

The Minister for Energy and Green Transition, John Abdulai Jinapor, has formally inaugurated the newly appointed board of Go Energy Company Limited, which operates as a subsidiary of Goil Plc. During the ceremony held on Friday, May 16, Mr. Jinapor urged the board to focus on elevating the company’s status to become the most dependable...

The Bank of Ghana has entered into a strategic partnership with the National Bank of Rwanda and Singapore’s Global Financial Technology Network to initiate the Next-Gen Digital Payment Infrastructure Project (DPI). This ambitious venture represents a significant advancement in establishing a robust, innovation-driven framework for cross-border digital payments throughout Africa. Dr. Johnson Pandit Asiamah, Governor...