Ghana Business, Banking and Economic news

Ghana's inflation drops to 11.5% in August

Date: 03 September 2025

Ghana's annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the statistics service said on Wednesday.

New SIC Financial Services Board inaugurated

Date: 31 August 2025

The Deputy Minister for Finance, Thomas Nyarko Ampem, has inaugurated the new Board of Directors of SIC Financial Services Limited.

GoldBod suspends Evanex Gold Enterprise over illegal pricing

Date: 28 August 2025

The Ghana Gold Board (GoldBod) has announced the immediate suspension of the license of Evanex Gold Enterprise, a Tier 2 licensed gold buyer.

Oti Regional Minister woos Chinese investors for cassava processing factory

Date: 28 August 2025

Mr John Kwadwo Gyapong, Oti Regional Minister, has taken a significant step towards boosting the local economy by courting Chinese investors to establish a cassava processing factory in the region.

Ghana oil revenue up despite continuous production decline

Date: 28 August 2025

Ghana’s petroleum revenue rose significantly in 2024, reaching its second-highest annual level despite a continued decline in crude oil production, according to the Public Interest and Accountability Committee (PIAC).

Ghana, Singapore push cross-border payments and SME ties as Mahama hails stabilising economy

Date: 28 August 2025

On the second day of his three-day state visit to Singapore, President John Dramani Mahama emphasised the importance of closer financial and technological cooperation, noting that Ghana is positioning itself as a continental gateway under the African Continental Free Trade Area (AfCFTA) while working to restore macroeconomic stability.

Singapore, Ghana to deepen green and agribusiness partnership

Date: 28 August 2025

Ghana and Singapore on Wednesday discussed cooperation in sustainable development and value-added agriculture, anchoring their talks around a pioneering carbon markets agreement and plans to scale agro-processing and jobs in Ghana.

BoG bans dollar pricing for school fees, rent, airline tickets, and other services

Date: 27 August 2025

The Bank of Ghana (BoG) has issued a warning to the public that any unauthorized foreign exchange transactions—including black market activities, pricing, quoting, advertising, issuing receipts, and making or receiving payments in foreign currencies like the US dollar—are explicitly forbidden under the Foreign Exchange Act, 2006 (Act 723).

BoG issues new guidelines on foreign currency imports and exports

Date: 27 August 2025

The Bank of Ghana (BoG) has announced amendments to the rules governing the import and export of foreign currency, effective September 1, 2025, as part of its anti-money laundering measures.

GoldBod rolls out GH¢832 bonus per pound of gold for licensed miners

Date: 27 August 2025

The Ghana Gold Board (GoldBod) has announced a special temporary bonus of GH¢832 per pound of gold for all licensed miners across the country, effective Wednesday, August 27, 2025.

Mahama extends special invitation to Singaporean business leaders

Date: 27 August 2025

President John Mahama has extended a special invitation to Singaporean business leaders and investors, reiterating that Ghana is open for business.

Finance Minister inaugurates Technical Committees on Agriculture Financing and economic crops

Date: 27 August 2025

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated three Technical Committees.

NPA engages industry players on Draft Petroleum Bill

Date: 26 August 2025

The National Petroleum Authority (NPA) on Monday, August 25, convened a stakeholder forum in Accra to deliberate on the draft NPA Bill, as part of efforts to finalise the proposed legislation.

PAC refers Finance Ministry to A-G over GH₵1.3m procurement breach

Date: 26 August 2025

The Public Accounts Committee (PAC) has referred the Ministry of Finance to the Attorney General for prosecution over procurement breaches totalling GH₵1.3 million, as revealed in the 2024 Auditor General’s Report.

Gov't tightens gold sector oversight ahead of key financial evaluation

Date: 26 August 2025

The Government of Ghana has pledged to intensify reforms in the gold sector as it prepares for a crucial international evaluation of its anti-money laundering efforts.

Today's Ghana Business, Banking and Economic news

Ghana's annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the statistics service said on Wednesday.

The Deputy Minister for Finance, Thomas Nyarko Ampem, has inaugurated the new Board of Directors of SIC Financial Services Limited.

The Ghana Gold Board (GoldBod) has announced the immediate suspension of the license of Evanex Gold Enterprise, a Tier 2 licensed gold buyer.

Mr John Kwadwo Gyapong, Oti Regional Minister, has taken a significant step towards boosting the local economy by courting Chinese investors to establish a cassava processing factory in the region.

Ghana’s petroleum revenue rose significantly in 2024, reaching its second-highest annual level despite a continued decline in crude oil production, according to the Public Interest and Accountability Committee (PIAC).

Ghana and Singapore on Wednesday discussed cooperation in sustainable development and value-added agriculture, anchoring their talks around a pioneering carbon markets agreement and plans to scale agro-processing and jobs in Ghana.

The Bank of Ghana (BoG) has announced amendments to the rules governing the import and export of foreign currency, effective September 1, 2025, as part of its anti-money laundering measures.

The Ghana Gold Board (GoldBod) has announced a special temporary bonus of GH¢832 per pound of gold for all licensed miners across the country, effective Wednesday, August 27, 2025.

President John Mahama has extended a special invitation to Singaporean business leaders and investors, reiterating that Ghana is open for business.

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated three Technical Committees.

The National Petroleum Authority (NPA) on Monday, August 25, convened a stakeholder forum in Accra to deliberate on the draft NPA Bill, as part of efforts to finalise the proposed legislation.

The Public Accounts Committee (PAC) has referred the Ministry of Finance to the Attorney General for prosecution over procurement breaches totalling GH₵1.3 million, as revealed in the 2024 Auditor General’s Report.

The Government of Ghana has pledged to intensify reforms in the gold sector as it prepares for a crucial international evaluation of its anti-money laundering efforts.

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