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#Business

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138 stories

Business

Funds Management Sector Records Strong 31% Growth in 2024

Ghana’s funds management sector recorded impressive growth in 2024, with total Assets Under Management (AUM) rising to GH₵71.97 billion, according to the…

Aug 20, 2025 · Kelvin Yiadom

Business

MTN Ghana to Temporarily Suspend MoMo Services on August 17 for System Upgrade

MTN Ghana has announced a planned system upgrade that will temporarily suspend all Mobile Money (MoMo) services from 12:00 a.m. to 6:00 a.m. on Sunday, August…

Aug 15, 2025 · Kelvin Yiadom

Business

World Bank Warns BoG Against Excessive FX Interventions

The World Bank has cautioned the Bank of Ghana (BoG) against excessive foreign exchange (FX) interventions, warning that such actions could distort market…

Aug 15, 2025 · Kelvin Yiadom

Business

World Bank Flags Financial Risks at COCOBOD Despite Record Cocoa Prices

The World Bank has expressed concern over the financial stability of the Ghana Cocoa Board (COCOBOD), warning that persistent operational and fiscal challenges…

Aug 15, 2025 · Kelvin Yiadom

Business

World Bank Urges Urgent Reforms in Ghana’s Energy and Cocoa Sectors to Safeguard Growth

The World Bank has called on Ghana to urgently tackle structural challenges in its energy and cocoa sectors to protect recent economic gains and secure…

Aug 15, 2025 · Kelvin Yiadom

Business

BoG Doubles Gold Reserves in Five Months Thanks To Bawumia's Domestic Gold Purchase Programme

The Bank of Ghana (BoG) has doubled its gold reserves in just five months since June 2021, thanks to its Domestic Gold Purchase Programme, according to First…

Aug 11, 2025 · Kelvin Yiadom

Business

T-Bills Undersubscribed Despite Falling Interest Rates

Government treasury bills have recorded their first undersubscription in about three weeks, despite a marginal drop in interest rates across all maturities.…

Aug 11, 2025 · Kelvin Yiadom

Business

BoG’s Gold Purchase Programme Boosts Cedi Stability, Improves Ghana’s Credit Rating – First Deputy Governor

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has credited the Central Bank’s Gold Purchase Programme with playing a key role in…

Aug 11, 2025 · Kelvin Yiadom

Business

COPEC Opposes Proposed 20% Transport Fare Hike

The Chamber of Petroleum Consumers (COPEC) has strongly rejected any move by transport operators to increase commercial fares by 20%, insisting there is no…

Aug 6, 2025 · Kelvin Yiadom

Business

Public Transport Fares to Increase by 20% from August 8

Public transport fares across Ghana will go up by 20% effective Friday, August 8, 2025, the Road Transport Operators have announced. The adjustment, made in…

Aug 6, 2025 · Kelvin Yiadom

Business

Shoprite to Exit Ghana After Over Two Decades of Operations

South Africa’s largest grocery retailer, Shoprite Holdings, has confirmed plans to pull out of Ghana, marking the latest step in its broader strategy to scale…

Aug 6, 2025 · Kelvin Yiadom

Business

Cedi’s Sharp Appreciation Triggers 50% Drop in Remittance Inflows — BoG Governor

Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the recent surge in the value of the cedi has led to an almost 50% decline in remittance…

Aug 6, 2025 · Kelvin Yiadom

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