The Ghana cedi gained 24.1% against the US dollar in the first five months of 2025. This is compared with a loss of 5.3% in the first quarter of 2025. According to the Bank of Ghana, the local currency traded at a rate of GH¢11.85 in May 2025 to theContinue Reading
The mining sector is facing a challenge that could erode its competitive edge and cripple future growth, the Ghana Chamber of Mines has warned. The Chamber is raising red flags over new tax measures that could drive exploration firms away, choke investment, and even collapse some existing mining companies. Speaking onContinue Reading
Ghana’s largest indigenous beverage company, Kasapreko PLC, has announced its intention to list 25 percent of its equity shares on the main market of the Ghana Stock Exchange (GSE) by the end of 2025. The move, aimed at driving growth and expanding the company’s investment footprint across the African continent,Continue Reading
The upcoming Monetary Policy Committee (MPC) meeting occurs against a backdrop of encouraging developments for the Ghanaian economy. The recent appreciation of the Ghana Cedi against the major currencies especially the US Dollar, the notable dip in inflation from 22.4percent in March to 21.2percent in April, and the positive upgradeContinue Reading
Ghana will require approximately $562 billion to successfully implement its national energy transition framework by 2070, according to the Ministry of Energy. The Deputy Director for Nuclear and Alternative Energy at the Ministry, Dr. Robert Sogbadji, disclosed this while speaking on the sidelines of a stakeholder engagement on Ghana’s EnergyContinue Reading
Tullow Ghana and its partners have announced the restart of drilling operations in the Jubilee Field, marking a renewed phase of investment and confidence in Ghana’s energy future. The new two-year drilling programme begins this May and is expected to significantly boost oil production and improve operational efficiency at oneContinue Reading
The Electricity Company of Ghana (ECG) recorded power losses amounting to 32% of its total electricity purchases in 2024, the highest in over two decades, according to the latest Energy Statistics Bulletin released by the Energy Commission. Per the report, ECG purchased 17,009 GWh of electricity last year but managedContinue Reading
The Ghana Private Road Transport Union (GPRTU) has announced a 15% reduction in transport fares, effective Saturday, May 25, 2025. This decision follows a meeting between the Union’s National Executive and the Minister of Transport. The Public Relations Officer of the GPRTU, Abbas Ibrahim Moro, confirmed the development in anContinue Reading
Activities in the secondary bond market picked up by 25.14% week-on-week, with volumes rising from GH¢1.23 billion to GHS 1.41 billion. The February 2027 led trading, accounting for 31% of total volumes and clearing at an average Yield-To-Maturity (YTM) of 20%. Overall, the shorter end of the LCY curve contributedContinue Reading
Some traders within the Makola and Okaishie business hubs are pushing back against mounting calls to immediately reduce the prices of goods, despite the recent rebound of the Ghanaian cedi against the US dollar and other major foreign currencies. In recent weeks, the cedi has shown resilience, reversing months ofContinue Reading