business

Mahama confirms BoG has withdrawn from forex market

NACOC returns 17 seized gold bars worth $1.7M to GoldBod

PassionAir suspends all domestic flights amid looming aviation fuel shortage

Ghana to recoup $151m in Natural Gas Liquids, save $1bn yearly with new gas plant

10 MTOs operating in remittance and forex market you should avoid

Ghanaian businesses to no longer pay tariff on exported goods to China

GACL dispels claims of safety breaches and operational challenges at KIA

The Ghana Airports Company Limited (GACL) has dismissed reports alleging safety lapses and operational difficulties at Kotoka International Airport (KIA), describing them as inaccurate and damaging to...

BoG affirms dollar withdrawals at counters, sets $10,000 cap on forex for travel

The Bank of Ghana (BoG) has clarified that individuals can still make over-the-counter (OTC) cash withdrawals in foreign currency from their Foreign Exchange Accounts (FEA) and Foreign Currency Accoun...

AngloGold's gross profit skyrockets by over 177% in Q1 2025

AngloGold Ashanti recorded an impressive 177.81% surge in gross profit for the first quarter of 2025, raking in $839 million compared to $302 million during the same period last year....

IMF warns of 0.8% hit to global growth amid rising trade war tensions

The International Monetary Fund (IMF) has cautioned that escalating trade tensions led by the United States are set to shave 0.8 percentage points off global growth, warning that the world economy is ...

MTN probes data breach affecting over 5,000 Ghanaian customers

MTN Group has launched a probe into a recent cybersecurity breach that may have exposed the personal data of about 5,700 customers in Ghana....

Ghana earns over $1.35 billion in petroleum revenue for 2024 – PIAC report

Ghana generated a total of US$1.36 billion in petroleum revenue in 2024, marking a 27.8 percent increase from the US$1.06 billion earned in 2023, according to the latest report from the Public Interes...

Tullow agrees heads of terms for sale of Kenyan assets for $120 million

Tullow Oil plc has reached a significant milestone in its asset portfolio restructuring with the signing of a heads of terms agreement to divest its Kenyan interests for a total minimum consideration ...

Work constructively to resolve trade tensions - IMF appeals to US, trading partners

The International Monetary Fund (IMF) has urged the United States and its trading partners to engage in dialogue to de-escalate trade tensions and mitigate the risks they pose to the global economy....

PURC increases electricity and water tariffs by 14.75%, 4.02% respectively

Businesses and the average consumers in Ghana will experience an increase in electricity and water tariffs starting May 3, in the second quarter of the year....

FLSmidth expands global service network with new mining hub in Ghana

FLSmidth, a global leader in mining technology and services, is strengthening its presence in key mining regions with the establishment and expansion of multiple service centres worldwide....

Ethiopia signs MoU with ATIDI to support PPP renewable energy projects

The Federal Democratic Republic of Ethiopia, represented by the Ministry of Finance and Ethiopian Electric Power (EEP), has signed a Memorandum of Understanding (MoU) with the African Trade Insurance ...

Blackout Looms: Early Power, N-Gas Threaten to Cut Supply Over ECG & VRA’s Unpaid Debts

Ghana faces a looming power crisis as two major energy suppliers, Early Power and N-Gas Limited, have threatened to halt electricity and gas supply over unpaid debts owed by the Electricity Company of...

Mozambique's 2025 economic growth projected to recover to 3.0 percent - IMF

Mozambique’s economy is expected to rebound in 2025, with the International Monetary Fund (IMF) projecting a 3.0 percent growth rate....

Focus on long-term reforms to build a robust fiscal system - World Bank to Ghana

The World Bank Group’s latest Public Finance Review report, titled “Building the Foundations for a Resilient and Equitable Fiscal Policy,” highlights that Ghana's impressive GDP growth of 6.8%...

Gold prices to rise in 2025 due to US interest rate cuts, others - Databank Research

Gold prices are projected to experience a significant surge in 2025, according to the latest projections from Databank Research in its Ghana Market Outlook 2025 report, released in January....

Asante Gold to commence underground mining, targets over 250,000 ounces gold production annually

Asante Gold Corporation has announced plans to launch underground mining operations at its Bibiani Gold Mine, with annual gold production projected to exceed 250,000 ounces starting in 2026....

System glitches affect cargo clearance at Tema Port; shippers not to bear additional cost - GSA

System glitches and equipment breakdowns at the Tema Port have disrupted cargo clearance processes, with shippers facing significant delays in the delivery and evacuation of containers....

IMF projects Ghana to end 2024 with 18% inflation rate

Ghana’s inflation rate is projected to reach 18% by the end of 2024, the International Monetary Fund (IMF) has revealed in its latest Country Report. This marks an upward revision from its earlier e...

SIC to begin payment of final dividend for 2023 financial year in January 2025

A Ghanaian insurance company SIC has announced plans to pay a final dividend of GHS0.0511 per share for the 2023 financial year. The dividend distribution is scheduled to commence on January 30. 202...

3 measures Ghana could implement to boost its mining sector

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has outlined three key measures to strengthen Ghana’s mining sector and maximize its benefits....