Dr. Sebastian Sandaare, Vice Chair of Ghana’s Parliamentary Health Committee, has given strong assurances that President John Dramani Mahama will improve the conditions of service for nurses and midwives across the country once the economy stabilizes. He made the comments during an interview on Sunday, June 22, 2025, amid ongoing discussions between the government and […]
Fuel prices have seen another sharp decline this week, with petrol now selling as low as GH₵10.75 per litre at some fuel stations. This marks the second drop in prices within the current pricing window of June 2025. According to information gathered, the reduction is primarily driven by fierce competition among leading Oil Marketing Companies
Fuel Prices Drop Again as OMCs Engage In Competitive Price War Read More »
Ghana has reportedly lost over $11 billion in gold revenue due to widespread smuggling activities, with much of the illicit gold traced to the United Arab Emirates (UAE), according to a new report by Swissaid, a nonprofit research group. The report uncovered a staggering trade gap of 229 metric tons between Ghana’s recorded gold exports
Ghana Loses $11 Billion To Gold Smuggling In Five Years, Report Links Trade To UAE Read More »
The Bank of Ghana (BoG) has announced a robust set of measures to tackle the alarming rate of non-performing loans (NPLs) within Ghana’s financial sector, including a five-year ban on access to credit for wilful loan defaulters. In a statement issued on June 16, 2025, the central bank said persons identified by Regulated Financial Institutions
Bank of Ghana Imposes 5-Year Ban on Wilful Loan Defaulters Read More »
Ghana’s economy has received a major vote of confidence on the global stage as Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ (RD) to ‘B-’ with a Stable Outlook. This significant upgrade, announced on June 14, 2025, comes after Ghana completed a historic restructuring of $13.1 billion in Eurobond
Fitch Upgrades Ghana’s Credit Rating To B- As Economy Recovers Read More »
Health Minister Kwabena Mintah Akandoh has warned that implementing the new conditions of service demanded by the Ghana Registered Nurses and Midwives Association (GRNMA) would have significant negative consequences on Ghana’s economy. He stated that government finances could be derailed if the proposed changes were adopted in their current form. Over 128,000 nurses and midwives
Health Minister Warns- New Conditions Of Service For Nurses May Disrupt Ghana’s Economy Read More »
Ghana’s Parliament has passed the highly contested Energy Sector Levies (Amendment) Bill, 2025, popularly referred to as the “Dumsor Levy” or “D-Levy”, into law. This legislative decision introduces a GH¢1 levy per litre on petrol and diesel purchased at the pump, with the stated objective of generating an estimated GH¢5.7 billion annually. The government insists
Ghana’s D-Levy Law Passed: A Step Toward Energy Stability or a Costly Burden? Read More »
BlowChem Industries Limited, the makers of Bel Beverages, has officially announced a drop in prices across its range of beverage products. The new pricing took effect on Sunday, June 1, 2025, in response to Ghana’s improving economic landscape, particularly the recent strengthening of the cedi. This strategic price cut aligns with the government’s call for
Bel Beverages Reduces Prices as Ghana Cedi Strengthens Read More »
IEA Senior Fellow Dr. Vladimir Antwi-Danso advises President Mahama to implement bold economic reforms and avoid another IMF bailout, citing election-year overspending as a key issue. A Senior Fellow at the Institute of Economic Affairs (IEA), Dr. Vladimir Antwi-Danso, has urged President John Dramani Mahama to take bold and corrective actions to prevent Ghana from
Mahama Urged To Avoid IMF Return To Secure Legacy – IEA Fellow Warns Read More »
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Mumuni Zakaria, says the central bank is not using its reserves to hold up the cedi. He explained that the recent strength of the cedi is real and not fake. “If we were using our reserves heavily, we wouldn’t be building them up so
BoG Deputy Governor: We’re Not Using Reserves to Support the Cedi Read More »
