Ghanaian travelers have a new reason to smile and soar. Starting June 17, 2025, domestic airline Passion Air is trimming its fares by a welcome 10%—a move directly linked to the cedi’s steady appreciation against major trading currencies. This bold announcement comes as both a gesture of economic responsiveness and […]

ACCRA, Ghana – While Fitch Ratings recently upgraded Ghana’s credit rating, the agency’s assessment highlighted several environmental, social, and governance (ESG) factors that significantly influence the nation’s credit profile. Key among these are Ghana’s scores for Political Stability and Rights, and Rule of Law, Institutional and Regulatory Quality, and Control […]

HONG KONG – Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘Restricted Default’ (RD), assigning a Stable Outlook. The upgrade, announced on June 16, 2025, reflects Fitch’s assessment that Ghana has normalized relations with a significant majority of its external commercial creditors following the […]

ACCRA, Ghana – Dr. Johnson P. Asiama, Governor of the Bank of Ghana, today emphasized the critical need for inclusive innovation within Ghana’s financial sector, stating that the imperative to “bank the last mile” is now a strategic necessity rather than merely a moral or developmental objective. He made these […]

The Ghana Revenue Authority (GRA) has announced a postponement of the new Tariff Interpretation Order (TIO) No. 2025/004, which pertains to the Energy Sector Levies (Amendment) Act, 2025 (Act 1141). This directive effectively delays the implementation of a new levy on selected petroleum products, which was originally scheduled to take […]