Business News of Sunday, 25 May 2025 Source: www.ghanaweb.com Car dealers predict drop in prices as cedi strengthens against US dollar   Some imported vehicles at a garage Some vehicle dealers in Ghana are expressing optimism that the cost of vehicles, especially second-hand imports, could drop in the coming months, if the Ghanaian cedi continues its recent upward trajectory against the ...

Business News of Sunday, 25 May 2025 Source: www.ghanaweb.com play videoFormer Vice President, Dr Mahamudu Bawumia The former Vice President, Dr Mahamudu Bawumia, has explained the rationale behind his administration’s decision to implement the gold purchase programme. According to him, the policy led to an increase in Ghana’s gold reserves from 8.7 tonnes to 30 tonnes. He noted that rather than ...

Business News of Tuesday, 20 May 2025 Source: www.ghanaweb.com   File photo representing Ghana’s gold for oil programme President John Dramani Mahama has acknowledged the impact of the nation’s boosted reserves on the recent stability of the cedi against the US Dollar. The cedi traded at GH¢14.4 to a dollar at the beginning of the year but it has made a dramatic rebound ...

Business News of Tuesday, 20 May 2025 Source: www.ghanaweb.com   Dr Mahamudu Bawumia is Ghana’s former Vice President The former Vice President of Ghana, Dr Mahamudu Bawumia, has stated that Ghana’s economy would have collapsed without the Gold-for-Oil and gold purchase programme introduced during his tenure under the erstwhile Akufo-Addo administration. According to him, the decision to go for gold was ...

Pacome Emmanuel Damalie Apr – 23 – 2025 , The Minister of Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, has said Ghana will begin issuing the chip-embedded passports from Monday, April 28, 2025. Ghana on December 2, 2024, launched a chip-embedded Ghanaian passport with enhanced biometric features to make travelling seamless . The travel document has a microprocessor that embeds ...

The government and Gold Fields Ghana Limited have finalised the agreement on transitional arrangements for the Damang Mine to ensure its operations and job security while paving the way for eventual Ghanaian ownership.  Under the new plan, Gold Fields’ subsidiary, Abosso Goldfields Limited, will be granted a 12-month mining lease for Damang, subject to parliamentary ratification in May 2025. During ...

Business News of Monday, 21 April 2025 Disclaimer Source: GNA The 2025 IMF Spring Meetings begin on April 21 As the world grapples with economic uncertainty, the International Monetary Fund (IMF) and World Bank Group (WBG) are set to convene for their highly anticipated Spring Meetings in 2025. The meetings will take place from April 21-26, in Washington, D.C., on the ...

Business News of Tuesday, 22 April 2025 Source: thebftonline.com   The find was made during ongoing iron ore exploration in the Gyamurume range by GIISDEC and GGSA Potentially mineable nickel deposits have been discovered in the Oti Region—a development that could diversify the country’s mineral portfolio and attract investment into battery metal supply chains. The find was made during ongoing iron ...

Business News of Monday, 14 April 2025 Source: www.ghanaweb.com File photo of gold bars The Ghana Gold Board (GoldBod) has directed all foreign nationals involved in the local gold trading market to cease operations and exit the sector by April 30, 2025. According to a statement from the Board on April 14, 2025, foreigners will no longer be permitted to participate ...

Business News of Wednesday, 9 April 2025 Source: www.ghanaweb.com Bank of Ghana’s new Headquarters   The Bank of Ghana in October 2024 explained that the concept of next-of-kin in banking operations is for the purpose of tracing the whereabouts of an account holder and not who inherits the account. This was made known by the Assistant Director, Financial Stability Department of the central ...