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
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