A coalition of civil society organisations has demanded a public retraction from Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi over remarks attributed to him suggesting that unlicensed small-scale miners could be allowed to operate outside water bodies, forest reserves, roadsides and residential areas. The coalition, comprising A Rocha Ghana, EcoConscious Citizens, Concerned Citizens…
Dorcas Affo-Toffey, Member of Parliament for Jomoro and Deputy Minister for Transport, has welcomed the signing of the Phase Two agreement for Ghana’s US$28 billion Petroleum Hub project, describing it as an opportunity to transform the local economy and create jobs. She joined the Minister for Energy and Green Transition, the Western Regional Minister, officials…
The Ghana Gold Board (GoldBod) has sold US$255 million to commercial banks through its GoFX platform since the start of October 2026, as it seeks to increase dollar supply in the foreign exchange market. The institution sold US$130 million last Thursday at GH¢11.77 to the dollar, following an earlier sale of US$125 million on Tuesday….
Government has raised approximately GH¢4.41 billion through its latest Treasury bill auction, surpassing its GH¢2.87 billion target by about 53.5% as investor demand remained strong despite declining yields. The 91-day bill attracted GH¢3.29 billion in bids, of which GH¢3.01 billion was accepted, while the 182-day instrument received GH¢1.31 billion in tenders, with GH¢1.26 billion taken…
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana, says the easing of domestic financial conditions is beginning to translate into stronger access to credit, with lending rates falling sharply and private sector borrowing picking up. Speaking at a meeting with bank CEOs in Accra after the 132nd Monetary Policy Committee meeting, he said…
The government is targeting total petroleum revenue of approximately US$1.5 billion by the end of 2026, up from the initial projection of US$985 million contained in the 2026 Budget. Finance Minister Dr. Cassiel Ato Forson disclosed this in an interview with Bloomberg in London. According to him, the upward revision is driven by the increase…
The Ghana Gold Board (GoldBod) has signed a refinery agreement with Royal Ghana Gold Refinery Limited to refine gold locally as part of the government’s agenda to end the export of raw minerals by 2030. Under the deal, GoldBod will supply up to one tonne of gold weekly for refining, marking its second refinery partnership…
The Ghana Education Trust Fund (GETFund), led by its Administrator, Paul Adjei, has paid a working visit to the Asantehene, Otumfuo Osei Tutu II, to brief him on the award of a GH¢400 million contract for the procurement of modern medical equipment for the new KNUST Teaching Hospital and to provide updates on efforts by…
Ghana has successfully concluded its Extended Credit Facility programme with the International Monetary Fund ahead of schedule, achieving macroeconomic stability and debt sustainability, according to the government, which said the administration of President John Dramani Mahama restored the programme through fiscal consolidation, expenditure rationalisation and structural reforms after it veered off track in late 2024;…
The Bank of Ghana’s (BoG) 2025 Annual Report, which recorded a GH¢15.63 billion operating loss, GH¢34.95 billion total comprehensive loss and a widening negative equity position of GH¢96.3 billion, has sparked debate among critics; however, analysts argue the figures must be understood in broader global and policy context. Central banks such as the European Central…
