The National Petroleum Authority (NPA) in Ghana has decided to suspend the Price Stabilization and Recovery Levy on petroleum products, which is expected to result in higher costs for petroleum consumers.   In a directive issued on April 3, 2024, and circulated among stakeholders in the oil marketing and distribution sector, the NPA instructed the […]

Ghana is poised for its second evaluation under the three-year, $3 billion IMF-backed Post-COVID-19 Programme for Economic Growth (PC-PEG). Beginning today, Tuesday, April 2, 2024, this review follows the successful completion of the initial assessment earlier in January. Over the weekend, a team from the IMF arrived in Ghana to commence evaluating the country’s performance […]

The World Bank has released a US$300 million loan facility to Ghana for budgetary support. This amount was credited to the Central Bank’s account on Wednesday, March 27, 2023.   This disbursement marks the initiation of the first phase of a series of three operations, each amounting to $300 million, from the World Bank. These […]

Dr. John Kumah, the Deputy Minister of Finance, has reaffirmed the government’s dedication to confronting the nation’s unemployment challenge directly.   He outlined several initiatives aimed at urgently addressing the issue of job scarcity, including YouStart, the Ghana Enterprise Agency, and the National Entrepreneurship and Innovation Programme.   According to the Third Quarter Labour Statistics […]

The Bank of Ghana (BoG) has reaffirmed its dedication to addressing significant gaps in the country’s financial ecosystem to prevent a return to the EU and UK’s high-risk money laundering and terrorism financing list. Following a mutual evaluation in 2016 that revealed deficiencies in Ghana’s AML/CFT/PF regime, the country was grey-listed by the Financial Action […]

The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have reached an agreement to release the suggested distribution and retail prices for different grades of cement in their designated distribution zones. The Minister of Trade and Industry, K.T Hammond, convened the meeting to address concerns about the escalating retail […]