Ghana’s mining sector contributed a record GH₵17.7 billion in revenue to the government in 2024, marking a 51.2% increase from GH₵11.7 billion in 2023, according to the Ghana Chamber of Mines. Dividends paid to the state soared by over 600%, reaching GH₵1.03 billion, highlighting the sector’s growing role as aContinue Reading
Fuel prices in Ghana are expected to decline further by between five and nine per cent in the next pricing window, according to a forecast by the Africa Sustainable Energy Centre (ASEC). The projected drop is largely attributed to the strengthening of the Ghanaian cedi against the US dollar. Ghana’sContinue Reading
The Canada-Ghana Chamber of Commerce has expressed serious concerns about the recent sharp appreciation of the Ghanaian cedi, warning that the sudden surge in value is negatively impacting exporters and could have far-reaching consequences for the country’s trade and investment landscape. Speaking in an exclusive interview with Joy Business duringContinue Reading
Ghana’s debt-to-Gross Domestic Product (GDP) is expected to narrow slightly below 60% by the end of 2025. According to the African Development Bank (AfDB) 2025 Economic Outlook, this would be a little lower than the 61.8% recorded in 2024. The Bank of Ghana reported in its May 2025 Summary ofContinue Reading
Bank of Ghana Governor, Dr Johnson Pandit Asiama, has said that one of the most powerful signals a central bank can send to markets is policy consistency, especially during periods of uncertainty. In this spirit, he said, at its most recent meeting held just days ago, the Monetary Policy CommitteeContinue Reading
Professional services firm, Deloitte, has indicated that the Monetary Policy Committee (MPC) of the Bank of Ghana is likely to maintain the status quo on its policy rate to tame inflation risks amid Ghana cedi gains and uncertainties. The MPC kept the policy rate at 28% in May 2025, citingContinue Reading
Ghana, which defaulted three years ago, is on track to hand investors the best dollar-bond returns in emerging markets in May, amid mounting confidence in the government’s handling of the economy. Dollar-denominated bonds for the gold and cocoa producing country delivered 8.7% in total returns this month, according to dataContinue Reading
From ending 2024 at $1 to GH₵14.70, the cedi has appreciated nearly 30% in the first five months of this year, currently trading at $1 to GH₵10.30. That’s the strongest level the cedi has reached in over two years, and the sharpest appreciation over this period since 2010. This veryContinue Reading
Trade activity in the secondary bond market remained modest amid banks’ end-of-month rebalancing. Activity was spread across all tenors. The February 2027 and Aug 2027 led the activity, accounting for 44% of trades at an average Yield-To-Maturity (YTM) of 20.9%. Overall, the shorter end of the LCY curve contributed 60%Continue Reading
The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability. Dr Riverson Oppong, speaking on JoyNews, projected that petrol could drop to as low as GH¢12 perContinue Reading