Sammy Gyamfi, the CEO of GoldBod, says he will respond to claims that Ghana’s Gold for Reserves program is losing money on January 5, 2026. The Minority Caucus in Parliament says that the state could lose almost $300 million. On Monday, December 29, 2025, Mr. Gyamfi posted a statement on social media saying that his…
Eric Afful, the head of Parliament’s Economy Committee, said that the reported $214 million “loss” under the Gold-for-Reserves (G4R) program should not be called a loss but a cost of doing business for the Ghana Gold Board (GoldBod). He said this in response to worries raised by the Minority in Parliament about how the program…
The Ghana cedi is in its strongest position in ten years as it enters the last days of 2025. This is a big boost to the local economy.The currency has gone against the usual trend of losing value at the end of the year, which is a big change that is giving the private sector…
Bright Simons, the Honorary Vice President of IMANI Africa, said that GoldBod helped keep the Cedi stable in 2025, but it wasn’t the main reason. He said that no one thing controls exchange rates. “Gold makes up a huge part of Ghana’s exports, and exports are a big reason why exchange rates change. We should…
Enayat Qasimi, the international legal adviser for former Finance Minister Ken Ofori‑Atta, has asserted that the current dispute between his client and the Ghana Revenue Authority over the Strategic Mobilisation Limited (SML) contract is driven by political factors, and he maintained that Ofori‑Atta is not dodging legal accountability. Qasimi speaking during an interview in BBC…
The Ghana Gold Board announced that it has exceeded its 2025 benchmark for small‑scale gold shipments, moving beyond the planned 100 tonnes and bringing in in excess of $10 billion in foreign exchange for Ghana, a development that underlines the expanding importance of artisanal mining to the national economy and reflects a stronger performance than anticipated. CEO Sammy Gyamfi…
The IMF projects that in the year 2029, both Ghana’s extractive industries like oil, gas, and gold and non-extractive sectors such as agriculture, services, and parts of manufacturing will grow at about 5 percent, showing a more balanced growth path over the medium term. Currently, non-extractive industries are growing faster, while extractive sectors have slowed…
Ghana’s cedi is projected to receive additional backing after approximately US$365 million from the International Monetary Fund was paid into the Bank of Ghana’s account on Monday, December 22, 2025, after the Fund endorsed the nation’s fifth review under its programme. The release followed the IMF Executive Board’s assessment of Ghana’s Extended Credit Facility arrangement…
The Ghana Revenue Authority (GRA) has successfully graduated almost 300 of its staff from the 2025 Professional Course in Taxation (PCT) as part of its strategy to close technical skills gaps and strengthen tax administration, with 289 out of 300 enrolled officers completing the programme; at the graduation event, Commissioner‑General Anthony Kwasi Sarpong highlighted that…
The International Monetary Fund’s (IMF) Executive Board has concluded the fifth assessment of Ghana’s 39‑month, roughly US$3 billion Extended Credit Facility (ECF) programme, clearing the way for an immediate transfer of about US$385 million and lifting total funds received under the arrangement to around US$2.8 billion; authorities’ performance under the scheme was judged broadly satisfactory, with all key…
