Fuel prices across Ghana have started to fall, bringing much-needed relief to consumers and businesses, according to the Africa Sustainability Energy Centre (ASEC). This trend aligns with forecasts the Centre made earlier, citing improvements in macroeconomic indicators and currency strength. In a statement, ASEC attributed the drop to the recentContinue Reading
President John Mahama has challenged African nations to transform their mining sectors from mere extraction to value-added industrialisation. Speaking at the opening of the three-day “Mining in Motion” summit, President Mahama highlighted the paradox of mineral-rich nations remaining among the world’s poorest. “Africa’s minerals continue to fuel global industries whileContinue Reading
President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in $2.7 billion in the short span of its operations. He added that the GoldBod has also strengthened the oversight responsibility in the export of the preciousContinue Reading
President John Mahama has outlined tough measures to check illegal mining, popularly known as ‘galamsey’ by regulating the import of excavators. He disclosed that Ghana has more excavators than any other African country, a situation fuelling illegal mining. Speaking at the Global Mining Summit in Accra on June 2, 2025,Continue Reading
Ghana’s real household spending will grow by an improved 2.5% year-on-year to GH¢129.7 billion in 2025, Fitch Solutions has disclosed. This follows a weaker growth of 1.1% a year ago. According to the UK-based firm, this will be 25.4% above the GH¢103.4 billion recorded in 2019 (pre-pandemic). The major driversContinue Reading
Oil Marketing Companies (OMCs) across the country have reduced prices of petroleum products at the pumps in line with earlier projections. The reduction in prices will be for two weeks in June 2025, beginning June 1, 2025. Market Leader, Star Oil, has reduced the price of petrol from GH¢12.99 toContinue Reading
Nestled in the heart of the capital lies a stunning new landmark set to redefine how Ghanaians experience innovation and luxury. The Despite Automobile Museum, commissioned by His Majesty Otumfuo Osei Tutu II on June 1, 2025, is a celebration of possibility, an ode to engineering, and a moving tribute to Ghanaian ambition. ConceivedContinue Reading
The government failed to meet its treasury bill target, just a week after it recorded a 17% oversubscription. According to the auction results by the Bank of Ghana, demand for the short-term instruments remains subdued due to the low yields. The government got GH¢3.537 billion from the sale of theContinue Reading
Motorists across Ghana are breathing a sigh of relief as two of the country’s leading oil marketing companies—Goil and Star Oil—announce significant reductions in fuel prices, following the recent appreciation of the Ghanaian cedi against the US dollar. The price cuts are expected to ease the financial burden on consumers and transportContinue Reading
The prices of petroleum products are expected to witness one of the biggest drops at the pumps this year. This is due to the appreciation of the cedi against the dollar. According to the latest Chamber of Oil Marketing Companies (COMAC) pricing outlook for the first pricing window of JuneContinue Reading