The price of crude oil is expected to average $64 per barrel in 2025, the World Bank has revealed in its April 2025 Commodity Markets Outlook. This is compared with $80.7 per barrel in 2024. The Bretton Woods institution is forecasting a further drop in the price of crude oilContinue Reading
AngloGold Ashanti plc has agreed to sell its interests in two gold projects in Côte d’Ivoire to Resolute Mining Limited (“Resolute”) as it continues to sharpen its focus on its operating assets and development projects in the United States. The company will sell Centamin West Africa Holdings Limited (“CWAH”), whichContinue Reading
The Minister for Communication, Digital Technology and Innovation, Mr Samuel Nartey George, has conducted an extensive familiarisation visit to the headquarters of ShaQ Express in Accra. The Ghanaian-founded logistics company, launched during the COVID-19 pandemic, showcased its operations, including electric delivery motorcycles and proprietary logistics software supporting Ghana’s digital economyContinue Reading
Gold price fell nearly 2% to a two-week low on Thursday May 1, 2025, as signs of easing trade tensions boosted risk appetite and reduced bullion’s safe-haven appeal, while a stronger U.S. dollar also weighed on prices. Spot gold was down almost 2% to $3,222.66 an ounce, after hitting itsContinue Reading
MTN Ghana has recorded total revenue of about GH₵5.4 billion (GH₵5,362,262,000), representing 39.4 percent increase for the first quarter (Q1) of 2025 compared to the same period last year. The company also posted a profit after tax of over GH₵1.7 billion (GH₵1,710,580,000) for the same period. This was contained inContinue Reading
Prof. Isaac Boadi, Executive Director of the Institute for Economic Research and Public Policy (IERPP) and Dean of the Faculty of Accounting and Finance, has cautioned that the government’s proposed 2025 tax reforms, aimed at alleviating financial pressures on households and businesses, could cost Ghana between GH¢5.5 billion and GH¢7.1Continue Reading
Minister for Finance, Dr. Cassiel Ato Forson, has stated that no payments will be made to government contractors until a comprehensive audit of outstanding arrears is completed by the Auditor-General. Speaking at a high-level meeting with Chief Directors from the various Ministries, Departments, and Agencies (MDAs), he stated that, “IContinue Reading
The Ghana cedi started this week on a weaker note after strengthening against the US dollar last week amid a weakening US dollar Index. It depreciated slightly against the American greenback in the retail market, going for GH¢16.00. This culminated in a year-to-date depreciation of 2.36%. It is, however, unclearContinue Reading
Finance Minister Dr Cassiel Ato Forson has announced that no government contract will be approved without prior commencement authorisation from the Ministry of Finance, effective April 3, 2025. The directive was delivered at a recent meeting with Chief Directors and senior officials from various Ministries, Departments, and Agencies (MDAs), whereContinue Reading
The Secondary bond market activity decreased sharply by 51.67% week-on-week, down GH¢483 million from GH¢999 million the previous week. This was primarily due to the Islamic holidays. Trade in the general category of maturities was modest, with the February 2030 maturity leading at an average yield to maturity (YTM) ofContinue Reading