The Ghana Chamber of Mines has raised the alarm about Ghana’s rising tax burden, saying that the country’s average effective tax rate, which is close to 60%, could stop future domestic and foreign investment in the mining sector. Kenneth Ashigbey, the Chief Executive Officer, said that the total burden, which includes a 5% royalty, a…
The Minority Spokesperson on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has criticised the government’s handling of cocoa sector reforms, arguing that a structured reform programme had already been agreed with the International Monetary Fund before the previous administration left office. Speaking on TV3’s Hot Issues on February 22, he said the current government…
Due to cash flow problems and rising revenue pressures in the cocoa sector, the Ghana Cocoa Board (COCOBOD) has announced pay cuts for its Executive Management and Senior Staff for the rest of the 2025/26 crop year. The Board said in a statement on February 16, 2026, that Executive Management would take a 20 percent…
Adam Mutawakilu, the Managing Director of Ghana Water Limited, has said that replacing the country’s old and weak water transmission pipelines would cost more than 3.5 billion Ghana cedis (US$356 million), which is too much money for the company to afford. He said on the Joy Super Morning Show that most of the big transmission…
The Ministry of Food and Agriculture and AAK Ghana Limited have signed a strategic MoU to help Ghana’s shea industry add value, become more competitive, and grow in a way that is good for the environment. Minister Eric Opoku and AAK West Africa VP Lasse Skaksen signed the agreement, which was witnessed by Danish Ambassador…
Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board (GoldBod), has warned licensed buyers not to hoard gold because it is a serious threat to Ghana’s foreign exchange inflows and economic stability. At a meeting with the Licensed Gold Buyers Association at the University of Professional Studies in Accra on February 13, he…
Dr. Cassiel Ato, the Minister of Finance Forson has said that Ghana has the resources and ability to become self-sufficient in food with the right investments and policies. He also announced plans by the government and the World Bank to change agriculture through a new AgriConnect compact as part of the Food Security Resilience Programme….
In the second half of 2025, Ghana’s oil revenues fell sharply. Bank of Ghana data showed that total receipts were US$399.65 million, which is less than the US$369.25 million earned from crude oil liftings alone in the same period of 2024. This was because the sector was not performing as well. The inflows came from…
Recently, the Driver and Vehicle Licensing Authority (DVLA) said that owners of vehicles registered before 2023 must pay GH¢25 to have their records updated digitally. This process is called “onboarding” and is meant to verify ownership and block vehicles that aren’t customized. Vehicle owners must go to DVLA offices or designated centers with their vehicles,…
Dr. Stephen Amoah, the Nhyiaeso MP, says that the current government’s policies are not to blame for Ghana’s recent economic improvements; instead, they are the result of policies from the previous government that took a long time to work. On January 27, he talked about how inflation has dropped from 54.1% to 22.9%, GDP growth…
