Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps again. This is the second time this week fuel prices have gone down at the pumps for the second pricing window of June. The reduction, JOYBUSINESS understands, is a result of competition among some majorContinue Reading
Fitch Ratings has enumerated factors that could, individually or collectively, lead to negative rating action or downgrade for Ghana. This is coming after it upgraded Ghana’s credit rating to B- and a stable outlook. The factors include renewed liquidity pressures, due for example to smaller fiscal consolidation or the materialisationContinue Reading
PassionAir has announced a reduction of up to 10% in its airfares across all of its domestic routes in Ghana. The reduction comes after the Minister for Transport, Joseph Bukari Nikpe at a breakfast meeting oragnised by the Ghana Civil Aviation Authority appealed to domestic airlines to reduce prices asContinue Reading
Ghana’s inflation will average 15% in 2025 and 10% in 2026, Fitch Ratings has revealed. This will be down from 23% in 2024, helped by the large appreciation of the cedi since April 2025, a still tight monetary policy stance and fiscal consolidation. According to the UK-based firm, the sizeContinue Reading
Fitch Ratings has indicated that strong nominal Gross Domestic Product (GDP) growth, fiscal consolidation, ongoing debt restructuring, and significantly larger-than-anticipated exchange rate appreciation in recent months will contribute to public debt falling to 60% of GDP in 2025 and 2026. This will be from 72% in 2024 and a peakContinue Reading
Ghana is ranked 10th in Africa in June 2025 with the highest fuel prices, despite fuel prices falling for the 7th time in 2025. The country’s fuel prices of $1.399 rank it 60th globally. According to GlobalPetrolPrices.com, fuel prices are high in Ghana despite the cedi appreciating significantly by 24% sinceContinue Reading
Global credit rating agency Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’ with a Stable Outlook. This signal growing investor confidence in Ghana’s economic recovery under the leadership of Finance Minister Dr. Cassiel Ato Forson. The upgrade reflects significant progress in Ghana’sContinue Reading
Ghana has lost an estimated $11.4 billion in gold revenue due to widespread smuggling in the artisanal mining sector, with much of the illicit gold reportedly ending up in the United Arab Emirates (UAE), according to a report by Swiss nonprofit Swissaid. The report, released on June 11, 2025, uncoveredContinue Reading
The Bank of Ghana expects inflation to trend downwards in the coming months because of the tight monetary policy measures being implemented. First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni disclosed this at the Ghana Diaspora Investment Forum in Accra. He said, “Headline inflation is expected toContinue Reading
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from this morning June 16, 2025. Market leader Star Oil is selling a litre petrol at GH¢11.57. However, that of diesel remains unchanged at GH¢12.49. Some selected stations are also quoting a litre of petrolContinue Reading