Ghana is poised to benefit from a wave of new employment opportunities and investment partnerships following high-level bilateral talks with the United Arab Emirates (UAE). The two nations have committed to deepening cooperation across strategic sectors, including renewable energy, artificial intelligence, education, healthcare, aviation, and defence. As part of theContinue Reading
The Bank of Ghana (BOG) has announced that it will celebrate the 60th anniversary of the Ghana Cedi on July 19, 2025. A statement released by the central bank on May 13 said the cedi will mark 60 years as Ghana’s sole legal tender. Since its issuance on July 19,Continue Reading
The Ghana cedi gained 6.25% week-on-week against the dollar in the retail market, cementing its position as the best currency among a basket of 15 Sub-Saharan African currencies. This took its year-to-date gains against the American greenback to 16.29%. It traded at a mid-rate of GH¢13.60 to one dollar atContinue Reading
The Bank of Ghana has indicated that infrastructure alone is not enough to build a robust and efficient payment system in Ghana and the rest of the Africa continent. According to the Governor, Dr. Johnson Asiama, policy coherence and regulatory agility must go hand-in-hand to achieve a vigorous and effectualContinue Reading
Activity in the secondary bond market declined by 2.67% week-on-week to GH¢1.23 billion. This is down from GH¢1.26 billion. Trading remained concentrated in the General Category bonds, with prices on the February 2027 maturity firming into the low-80 price range and clearing at an average yield of 20%. The 2027–2030Continue Reading
The government slightly missed the target in the latest treasury bill auction, securing GH¢5.2 billion against a target of GH¢5.38 billion, representing an undersubscription of approximately 3.15 per cent. The auction conducted on Friday, May 9, 2025, saw the government accepting all bids across the 91-day, 182-day, and 364-day tenors,Continue Reading
Traders in the Ashanti Region have welcomed the directive by the Ghana Union of Traders’ Association (GUTA) to reduce the prices of goods in response to the appreciation of the Ghana cedi against the US dollar. According to the traders, they are willing to adjust prices to reflect the strengtheningContinue Reading
Accra has emerged as Africa’s third fastest-growing real estate market, trailing only Nairobi and Lagos, data from Statista and Knight Frank’s Africa Report has revealed. Ghana’s capital attracted growing investor interest, fueled by economic stability, a rising middle class, and surging demand for both luxury and affordable housing. The reportContinue Reading
The government for the second consecutive week failed to meet its treasury bills target. This is despite an impressive performance of the Ghana cedi, ranking it as the best performing currency in the world. According to auction results by the Bank of Ghana, the Treasury recorded a marginal undersubscription ofContinue Reading
The Bank of Ghana has cautioned the public against scammers who are pretending to be “foreign investors” and promising high sums of money in return. According to the central bank, these scammers are using a number of platforms and making promises to induce unsuspecting victims to invest. It said inContinue Reading