The Bank of Ghana (BoG) has published an Exposure Draft proposing substantial regulatory reforms to tackle the ongoing challenge of Non-Performing Loans (NPLs) in the banking and financial services sector.
Ghana’s economic reform efforts have received a major boost as global ratings agency Fitch upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’ with a Stable Outlook.
On June 15, China West Africa Eco-Drive New Energy Vehicle (Hangzhou) Co., Ltd. (“West Africa Eco-Drive”), Ghana’s Ministry of Trade, Agriculture and Industry, and Shenzhen Gecko New Energy Vehicle Technology Co., Ltd. (“Gecko”) signed the Memorandum of Understanding on Investment in Ghana’s New Energy Vehicle Assembly Plant in Shenzhen, China.
The Ghana Revenue Authority (GRA) has for the second time postponed the implementation of the recently approved GH¢1 energy sector levy on petroleum products.
Professor Michael Kpessa-Whyte, Director-General, State Interests and Governance Authority (SIGA), has disclosed that over one hundred State-Owned Enterprises (SOEs) have complied with the President’s directive to produce their audited accounts to SIGA.
Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has announced that China will now allow all goods from Ghana to enter the Chinese market with 0% tariffs.
The Bank of Ghana has issued a stern warning against the use of YellowPay and HanyPay, two digital platforms it says are operating without approval within the country’s financial ecosystem.
The economy has expanded by 5.3 percent in first quarter-2025, up from 4.9 percent recorded in the same period of 2024 according to provisional figures released by the Ghana Statistical Service (GSS).
Joseph Bukari Nikpe, the Minister of Transport, Wednesday urged domestic airline operators to consider reducing fares as the cedi appreciates against other currencies.
President John Mahama has appealed to financial institutions be bold, de-risk the agriculture sector, and support agri-business startups with real capital.
Ghana has reaffirmed its commitment to strengthening economic cooperation with the United States, as Trade, Agribusiness, and Industry Minister Elizabeth Ofosu-Adjare met senior U.S. officials in Washington, D.C., to address critical trade policy issues impacting both countries.
The IMANI Centre for Policy and Education (IMANI-Africa) has called for a bipartisan approach to solving the country’s recurrent energy sector challenges.
