President John Dramani Mahama has provided detailed justification for the sharp reduction in petrol prices, announcing on the floor of Parliament that fuel costs have fallen from GH¢15.2 to GH¢10.7 per litre, with recent prices dipping further to GH¢9.97 per litre. Delivering the 2026 State of the Nation Address (SONA), President Mahama linked the fuel price decline to broader macroeconomic stabilization measures implemented under his administration’s Reset agenda. The Presid

Finance Minister, Dr. Cassiel Ato Forson has announced that Cabinet has directed the Office of the Attorney General to commission a concurrent forensic audit and criminal investigation into the activities of the Ghana Cocoa Board (COCOBOD) covering the last eight years. Dr. Forson made the disclosure while addressing the nation through the media, outlining a series of far-reaching reforms aimed at restoring financial stability, accountability, and transparency within the coco

Cabinet has directed that a minimum of 50 per cent of Ghana’s cocoa beans be processed locally beginning from the 2026/2027 crop season, Finance Minister Dr. Cassiel Ato Forson has announced. Addressing the media on Thursday on far-reaching reforms in the cocoa sector, Dr. Forson said the directive forms a central pillar of government’s strategy to promote value addition, create jobs and strengthen the financial position of the Ghana Cocoa Board (COCOBOD). According to him, t

Ghana’s economic growth moderated in November 2025, largely due to a decline in mining and quarrying activities, particularly in oil and gas production, Government Statistician, Dr. Iddrisu Alhassan, has said. Addressing the media at the release of the Ghana Statistical Service’s (GSS) November 2025 Monthly Indicator of Economic Growth (MIEG), Dr. Alhassan explained that the slowdown in extractive industries — historically key drivers of Ghana’s economy — significantly impact

BOST (Bulk Oil Storage and Transportation Company Limited), Ghana’s strategic fuel stockholding and distribution company, has appointed Mr. Nat Salifu Acheampong as its new Deputy Managing Director. His appointment follows the reassignment of the former Deputy Managing Director, Ms. Adwoa Sarwaa Bondzie, who has been elevated to serve as Acting Executive Secretary of the Energy Commission. Mr. Acheampong is among the longest-serving and foundational members of BOST, which was

Ghana’s food insecurity challenge remains severe, volatile and unevenly distributed across regions, with the Upper West, Volta and North East regions recording the highest prevalence rates, according to the Government Statistician, Dr. Iddrisu Alhassan. Dr. Alhassan disclosed this on Tuesday while addressing the media during the release of the 2024 Q1 – 2025 Q3 Food Insecurity Report, an official assessment tracking food access, vulnerability and nutrition outcomes across the

Telecel CEO urges digital connectivity to unlock Africa’s prosperity

The Minister for Trade, Agribusiness, and Industry, Hon. Elizabeth Ofosu-Adjare, has unveiled the Feed the Industry program, a key initiative aimed at strengthening Ghana’s agribusiness sector and promoting value addition across the country’s commodity chains. Addressing Day 2 of the 2026 Africa Prosperity Dialogues (APD) at the Accra International Conference Centre (AICC) on Thursday, 5th February, 2026, Hon. Ofosu-Adjare emphasized that the program seeks to address raw mate

Ghana’s inflation continued its steady downward trend in January 2026, reinforcing signs of improving macroeconomic stability, the Ghana Statistical Service (GSS) has announced. According to the January 2026 Consumer Price Index (CPI) released by the GSS, the CPI rose to 262.3 in January 2026 from 252.6 in January 2025, resulting in a year-on-year (YoY) inflation rate of 3.8 per cent. This means that, on average, prices of goods and services increased by 3.8 per cent over the

Ghana Water Limited (GWL) has inaugurated 10 Revenue Enhancement Teams nationwide as part of a bold strategy to improve revenue collection, curb illegal connections, and reduce non-revenue water, Managing Director announced on Wednesday. Speaking at the inauguration ceremony, the Managing Director said the initiative marks a “decisive turning point” in the company’s transformation, aimed at strengthening finances and improving reliable water delivery to Ghanaians. He noted th

“The vision of Africa as a single, integrated economic space remains unfinished,” Vice President Prof. Naana Jane Opoku-Agyemang has stated, stressing the urgent need for Africa to shift from dependency to self-reliance through deeper regional integration and inclusive growth. Speaking on behalf of President John Dramani Mahama at the opening ceremony of the Africa’s Prosperity Dialogues 2026 at the Accra International Conference Centre in Accra, Prof. Opoku-Agyemang said Afr

Ghana’s recent gains in gold revenue, foreign exchange generation, and economic stability are the result of deliberate reforms, strategic partnerships, and a renewed focus on value addition, according to Richard Nunekpeku, Deputy Chief Executive Officer of the Ghana Gold Board (GoldBod). Speaking during a panel discussion on “Mining, Minerals and Strategic Resources” at the Africa Trade Summit 2026, held at the Kempinski Gold Coast Hotel in Accra, Mr. Nunekpeku said effective

The Ghana Water Limited (GWL) has assured residents of Anfoega and its environs of decisive measures to restore reliable water supply following persistent water shortages in the area. This follows a courtesy call by Mr Adam Mutawakilu, the Managing Director, and top management of GWL, on the Paramount Chief of Anfoega Akukome, Togbe Tepre Hodo IV at Anfoega Akukome in the North Dayi District of the Volta Region. The visit formed part of broader efforts by Ghana Water Ltd. to

President John Dramani Mahama has called for urgent and collective action to finance Africa’s industrialisation, stressing that economic freedom on the continent cannot be achieved without deep economic transformation. Speaking at the Africa Trade Summit 2026 on Accra, President Mahama said Africa had reached a historic turning point, noting that the continent must break away from an economic model that limits it to exporting raw materials while importing finished goods. “Tha

The Ministry of Fisheries and Aquaculture (MoFA) has taken a major step toward transforming Ghana’s fisheries and aquaculture sector following high-level strategic discussions with the Chinese Academy of Fishery Sciences (CAFS), China’s leading national fisheries research institution. The engagement, led by the Minister for Fisheries and Aquaculture, Hon. Emelia Arthur (MP), forms part of the Government of Ghana’s 24-Hour Economy and Accelerated Export Development Programme

The Government Statistician, Dr Alhassan Iddrisu, has called on households to maintain active National Health Insurance Scheme (NHIS) coverage and ensure that children remain in school consistently, as Ghana records notable improvements in living conditions. According to Ghana’s 2024 Q1–2025 Q3 Multidimensional Poverty Report, multidimensional poverty — a non-monetary measure that captures deprivations in health, education and living conditions — declined from 24.9 per cent i

The Ghana Gold Board (GoldBod) has signed a landmark gold refining agreement with Gold Coast Refinery, a move government says will significantly advance Ghana’s efforts to add value to its mineral resources and strengthen local participation in the mining value chain. The agreement was signed at a ceremony held on Tuesday at GoldBod’s conference room in Accra, bringing together officials from the Ministry of Lands and Natural Resources, GoldBod, and representatives of Gold Co

The Ghana Gold Board (GoldBod) has signed a gold refining agreement with Gold Coast Refinery, paving the way for large-scale local gold refining to commence from February 1, 2026. The agreement marks a major milestone in Ghana’s efforts to add value to its gold resources locally and strengthen responsible sourcing and sustainability within the sector. Under the partnership, Gold Coast Refinery will refine gold to internationally accepted export standards, with the facility ca

Ghana’s economic activity continued its upward trajectory in October 2025, with the Monthly Indicator of Economic Growth (MIEG) rising by 3.8 percent year-on-year, according to the Government Statistician, Dr. Iddrisu Alhassan. The provisional MIEG index for October 2025 stood at 112.7, up from 108.6 recorded in the same month of 2024. The indicator provides an early snapshot of movements in economic activity ahead of the release of quarterly Gross Domestic Product (GDP) figu

Ghana’s gold-for-reserves programme has produced major macroeconomic benefits that significantly outweigh the trading losses recorded by the Bank of Ghana (BoG), according to a new report presented to the Ghana Gold Board (GoldBod). The study, conducted by economists from the University of Ghana and the University of Ghana Business School, finds that GoldBod has sharply reduced gold smuggling, boosted foreign exchange inflows and strengthened Ghana’s external position. Artisa