Business

BoG pumps $10bn into forex market to aid cedi’s stability

BoG pumps $10bn into forex market to aid cedi’s stability

The Bank of Ghana (BoG) has injected about $10 billion into the forex market since January 2025 to help stabilise…
Kumasi Phone Accessories sellers cry over foreigners taking over retail business

Kumasi Phone Accessories sellers cry over foreigners taking over retail business

Phone accessories dealers in Kumasi have raised serious concerns over what they describe as the growing dominance of foreign nationals…
2023 Best Rural Bank, Juaben Rural Bank opens new branch in Kumasi Atonsu

2023 Best Rural Bank, Juaben Rural Bank opens new branch in Kumasi Atonsu

Juaben Rural Bank has expanded its footprint with the opening of a new branch at Atonsu High School Junction in…
U.S. lifts 15% tariffs on Ghana’s cocoa and other key agricultural exports — Ablakwa

U.S. lifts 15% tariffs on Ghana’s cocoa and other key agricultural exports — Ablakwa

The United States has officially lifted the 15% tariffs that were imposed on cocoa and certain agricultural products from Ghana,…
BoG to inject $1bn into market for November under FX Intermediation Programme

BoG to inject $1bn into market for November under FX Intermediation Programme

The Bank of Ghana (BoG) is set to inject up to $1 billion into the market in November under its…
Togo tops Ghana’s informal trade; food and drinks dominate – GSS survey

Togo tops Ghana’s informal trade; food and drinks dominate – GSS survey

Togo ranked as Ghana’s largest informal trading partner, accounting for almost GH¢1.8 billion of informal cross-border trade in the fourth…
GoldBod generates $8bn from gold exports between January–October 2025

GoldBod generates $8bn from gold exports between January–October 2025

Ghana’s small-scale gold export sector has generated over US$8 billion in foreign exchange between January and 15th October 2025, according…
Abossey Okai spare parts dealers give foreigners ultimatum to vacate shops

Abossey Okai spare parts dealers give foreigners ultimatum to vacate shops

Spare parts dealers at Abossey Okai in Accra have issued a warning to foreign nationals operating in the enclave to…
Rush for dollars by companies for imports ends Ghanaian Cedi’s reign as best-performing currency 

Rush for dollars by companies for imports ends Ghanaian Cedi’s reign as best-performing currency 

A surge in demand for dollars by companies paying for imports has ended the Ghanaian cedi’s world-beating performance. The central…
Cedi crosses GH¢11 to US dollar amid supply pressures

Cedi crosses GH¢11 to US dollar amid supply pressures

The Ghana cedi has crossed GH¢11 to the US dollar, according to commercial bank quotes. Checks by Joy Business show that while…
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