Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has inaugurated a Technical Committee to draft a legal framework for the establishment of the Ghana Gold Board (GoldBod). This move is part of the government’s efforts to formalize the gold sector, promote transparency, and maximize economic benefits from Ghana’s gold resources. The […]

Ghanaians can breathe a sigh of relief as the Ghana Chamber of Bulk Oil Distributors (CBOD) has refuted reports of an impending critical fuel shortage. According to Dr. Patrick Ofori, CEO of the Chamber, there is sufficient fuel at the port, with supplies expected to increase as stakeholders work to […]

Ghana’s economy is growing, but its tax revenue is not keeping pace, raising concerns among financial experts. Yaw Appiah Lartey, a financial analyst, has sounded the alarm, urging the government to tackle revenue leakages and diversify its income sources. Speaking on Accra-based radio show “Morning Starr,” Mr. Lartey emphasized that […]

African banks, including those in Ghana, are expected to navigate a challenging operating environment in 2025, according to Fitch Ratings. Despite a slightly more favorable outlook than in 2024, banks will still face significant asset quality risks due to high inflation and interest rates. However, Fitch Ratings predicts that reduced […]

Ghana, Minister of Finance designate, Dr. Cassiel Ato Baah Forson, has pledged to undertake comprehensive reforms in the implementation of the Value Added Tax (VAT). This announcement comes as a response to concerns raised by the business community regarding the chaotic and distorted VAT regime. During his appearance before the […]