Joy Business Report @1
Ghana's Finance Minister, Dr. Cassiel Ato Forson, has assured the nation that all future government borrowing will be strategically focused on high-impact, transformative projects aimed at enhancing debt sustainability and stimulating long-term economic growth.
The Bank of Ghana Governor, Dr Johnson Asiama, has said the cedi remains one of the best-performing currencies in the world, despite the usual seasonal trade pressures and a recent dip in remittance inflows.
ICEG has firmly rejected the ECG proposal to raise its Distribution Service Charge (DSC) by 225 percent for the 2025–2029 regulatory period, calling the request unjustified and detrimental to the public interest.
Ghana is ineligible to receive foreign assistance for the Financial Year 2026 from the United States under the Millennium Challenge Compact.
BoG directs banks a to reapply for approval before working with PSPs like Taptap Send, Top Connect, Remit Choice, Send App, and Afriex, whose remittance partnerships were suspended on September 4, 2025, for regulatory breaches.
Inflation declines for 8th consecutive month as August inflation slows to 11.5% from July's 12.1%
The Bank of Ghana has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank.
The final VAT rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026. Businesses currently pay about 22 percent as the effective VAT, however due to the current on-going reforms and moves to simplify this tax type and regulations, that final rate will be reduced to 20 percent.
The government has announced plans to abolish the minimum capital requirement for foreign investors under the upcoming review of the Ghana Investment Promotion Centre (GIPC) Act. The policy, we are told, is designed to boost Ghana's competitiveness, lower entry barriers, and attract more global capital.
The World Bank has projected that Ghana could gain additional revenue equivalent to at least 0.6 percent of GDP in 2025 if the government fully implements the revenue measures outlined in the 2025 budget.
Ghana's palm oil industry is once again in the national spotlight as the government unveils an ambitious plan to close the gap between domestic production and consumption.
Data released by the Bank of Ghana has revealed that Republic Bank and Bank of Africa provide the lowest interest rates on loans for individuals, In its Annualized Percentage Rates (APR) ending June 2025
The Chartered Institute of Marketing Ghana is pushing for peaceful December general elections to help businesses recover.
Ghana's energy distribution sector has once again taken centre stage as political parties outline reform plans ahead of the 2024 elections.
The anticipated US$360 million disbursement from the International Monetary Fund in the coming days is expected to provide a much-needed cushion to Ghana's reserves and further augment the supply-side interventions of the Ghana cedi.
The IMF staff report on Ghana's third program review has been scheduled as the first item for the IMF Board to consider today.
Ghana's total debt stock reduces marginally to hit GH₵ 761 billion ending October this year.
Finance lecturer, Dr. Alex Annan Abakah criticizes the Bank Of Ghana for relying on high policy rate to tame inflation.
The Ghana Mineworkers' Union of Trade Union Congress (TUC) of Ghana has called on President Nana Akufo-Addo to ensure the reviewed Labour Act is passed into law before he leaves office on January 7, 2025.
The Institute of Energy Security cautions that the next government, which takes office on January 7th, will face severe challenges in the power sector that could lead to power rationing.
The Forestry Commission has launched an aggressive campaign to urge mining companies to reclaim land they have used and engage indigenous communities affected by mining activities.
Economist, Professor Peter Quartey is optimistic that Ghana is on track to achieving debt sustainability in line with the International Monetary Fund's program.