Joy Business News

News from the world of business.

The Bank of Ghana has announced that it has suspended the foreign exchange trading license of United Bank for Africa (UBA Ghana) effective September 18, 2025.

The Ghana Cocoa Board (COCOBOD) has settled coupon payments worth GH¢2 billion to investors of its restructured cocoa bills.

Some Oil Marketing Companies increase prices at the pumps; diesel selling at GH¢13.90, Petrol at GH¢12.99

Some Oil Marketing Companies (OMCs) have begun adjusting fuel prices in line with industry projections.

The price of petroleum products is set to go up by some significant margin per litre from Monday, September 1, 2025.

Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the end of this year.

The governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has described the current pressure on the cedi as a short-term blip and assured that the situation will normalise soon.

The 2025 Ghana Banking Survey report by PwC has revealed a remarkable surge in Generative Artificial Intelligence (GenAI) adoption within Ghana's banking sector.

Some major Oil Marketing Companies (OMCs) have maintained petroleum product prices at the pumps despite industry projections of marginal changes from August 16.

News from the world of business.

Loan defaulters risk five-year ban from accessing credit and names published in national dailies as part of new Non-Performing Loans directives from Bank of Ghana

News from the world of business.

News from the world of business.

First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, says the Central Bank's Gold Purchase Programme has been instrumental in stabilising the cedi and easing inflation in recent months.

The Ghana Statistical Service is set to roll out a new module for calculating inflation as it works to reveal the basket of goods.

Inflation for November has gone up marginally to 23% from the October figure of 22.1%. The adjustment was influenced by rising prices of some food stuff on the market over the past month.

The International Monetary Fund (IMF) Board has passed Ghana on the third programme review and approved disbursement of some US$360 million to Ghana.

The Bank of Ghana has assured that the cedi's recent rebound should continue with the dissipation of election-related uncertainties and the improved foreign exchange buffers accumulated by the central bank.

Industries and traders have ruled out reducing the prices of goods despite the recent improvement in the cedi's performance against the dollar.

Some financial sector stakeholders doubt the Bank of Ghana's gold coin initiative's ability to fully mop excess liquidity.

The Bank of Ghana has released the pricing guidelines for Ghana Gold Coin (GGC) this week. The GGC is issued and guaranteed by the Bank of Ghana and is available in three different sizes including one ounce, half ounce and a quarter ounce.

Sunon Asogli Power Ghana Limited has announced the resumption of operations at its 560-megawatt power plant following an emergency funding intervention by government.

Economist, Professor Lord Mensah describes IMF verdict on Ghana's program performance as a major boost for the economy.

News from the world of business.

The governor of the Bank Of Ghana, Dr. Ernest Addison states that the Bank Square is an architectural masterpiece that stands as a testament to Ghana's growing influence in Africa's financial ecosystem and its commitment to sustainable development.

News from the world of business.

Oil Marketing Companies have started reducing prices of petroleum products at the pumps. Industry giant GOIL has taken the lead, selling a litre of petrol for GH₵14.35.

According to the Chamber for Petroleum Consumers, the price of petrol is expected to drop about 5.06% and diesel by 3.88%.

News from the world of business.

News from the world of business.

The Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG), with effect from November 26, 2024, for a period of one month.

News from the world of business.

News from the world of business.

News from the world of business.

News from the world of business.

News from the world of business.

The Bank of Ghana has revealed that liquidity risk remains well-contained in the banking industry, provided the Government of Ghana (GoG) bonds are liquid.

News from the world of business.

The Government of Ghana has officially launched its high-speed 5G internet service.

News from the world of business.

Finance Minister Dr Mohammed Amin Adam has reassured businesses and market stakeholders, stressing that the Bank of Ghana (BoG) holds sufficient dollar reserves to meet market demands.