The external sector outlook remains favourable, largely anchored on expectations of increased gold and cocoa export receipts, as well as inflows from remittances, the Bank of Ghana has revealed in its Monetary Policy Report. According to the Central Bank, the external sector has continued to improve, with a record provisionalContinue Reading
Based on easing inflationary pressures and optimism about macroeconomic conditions, the latest confidence surveys by the Bank of Ghana showed significant improvement in consumer and business indices, the highest in the last seven years. On the domestic front, the Central Bank’s high frequency real sector indicators also pointed to aContinue Reading
Governor of the Bank of Ghana (BOG), Dr. Johnson Asiama, says the Central Bank does not have any specific target rate for the appreciation of the cedi. Speaking at a press conference after the Monetary Policy Committee (MPC) meeting to review recent economic developments, he stated, “We don’t have suchContinue Reading
The Electricity Company of Ghana (ECG) has launched a new digital platform to collect real-time data from five major power stations in the Ashanti Region, aimed at improving electricity supply and operational efficiency. The new system is being deployed at the Anwomaso, Ridge, Konongo, Obuasi, and Dunkwa Bulk Supply Points.Continue Reading
The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 28%. This is a cautious stance amid lingering inflationary pressures despite recent improvements in currency stability and macroeconomic indicators. The decision was announced on Friday, May 23, 2025 at the conclusion of the Bank’s Monetary Policy CommitteeContinue Reading
The State Housing Company Limited (SHCL), has officially handed over a newly completed four-storey, 24-unit apartment complex to the Ghana Immigration Service in Savelugu.in the Northern Region. The facility, commissioned by the Minister for the Interior, Muntaka Mohammed-Mubarak, is a major milestone in SHCL’s ongoing commitment to support national securityContinue Reading
The Auditor-General is expected to submit an interim audit report on outstanding contractor claims in the coming days, which will trigger the commencement of payments by government. This development was disclosed during a meeting between the Finance Minister Dr. Cassiel Ato Forson and Ecobank Group Chief Executive Office, Jeremy Awori.Continue Reading
Data released by the Bank of Ghana has shown that the value of mobile money transactions went up significantly to reach GH₵365.0 billion by April 2025. Compared to the same period last year, the value of transactions was at GH₵303.0 billion. The data also showed that the number of transactionContinue Reading
Buying a house in Ghana can be a daunting task, especially for first-time buyers. With its growing economy and increasing demand for housing, Ghana’s real estate market offers numerous opportunities for homebuyers and investors. Waylead, a leading real estate developer in Ghana, walks you through the steps in purchasing property in theContinue Reading
JoyNews Research estimates that the 450,000 barrels of light crude oil, which arrived in Ghana on Monday, May 19, 2025, are likely to last no more than 16 days. That sets June 4, 2025 as the next critical date by which new fuel must arrive or the country might experienceContinue Reading