Skip to main content

Posts

Ghana's Public Debt Surges By Gh¢71.6 Billion In 3 Months, Raises Concerns

  Ghana's public debt stock has risen sharply, increasing by over GH¢70 billion in just three months, driven by the cedi's significant depreciation against the US dollar in the third quarter of 2025. According to latest Bank of Ghana data, the total public debt has now reached GH¢684.6 billion, with projections indicating it could exceed GH¢700 billion by year-end if the cedi's struggles continue. The cedi's 24% loss in value against the US dollar in Q3 has largely fuelled this debt increase, undoing some of the gains made in Q2 when it appreciated by over 40%. This recent depreciation has wiped out some of the debt reduction achieved through prudent management and appreciation earlier in the year. Earlier in the year, Finance Minister Dr. Cassiel Ato Forson had reported a significant improvement in Ghana's debt profile, citing prudent debt management and exchange rate appreciation, with debt declining from GH¢726.7 billion in December 2024 to GH¢613 billion by June...
Recent posts

Cheaper Fuel For Christmas As Global Prices Drop

Ghanaians can look forward to a merrier Christmas with cheaper fuel prices on the horizon. According to Gabriel Kumi, Board Chairman of the Chamber of Oil Marketing Companies (COMAC), global petroleum prices are falling, and consumers are set to benefit from mid-December. Speaking on PM Express Business Edition, Kumi said, "Fortunately, Ghanaians are going to have a very good Christmas in terms of petroleum prices, because already the indication is that the price of finished petroleum products is going down." He provided specific decreases in prices, noting that diesel has seen a 10% decrease, petrol has dropped by 6%, and LPG has also seen a 1-1.5% decrease. The only major condition for these reductions to reflect in pump prices is the stability of the Ghanaian cedi. If the cedi is held in check, then we can be sure that on the 16th of December, prices of petroleum products will generally go down," Kumi said. He explained that this drop will take the country throu...

CUBAG Charts Path For Sustainable Growth At 2025 AGM

  The Customs Brokers Association of Ghana (CUBAG) has renewed its commitment to professional excellence, technology-driven operations and strategic partnerships to support sustainable trade growth, following its 2025 Annual General Meeting (AGM) held in Koforidua. The AGM, which attracted customs brokers, regulators, traditional authorities and private sector partners, was held under the theme “Empowering Progress: CUBAG’s Commitment to People, Technology and Partnerships for Sustainable Growth.” Addressing the gathering, President of CUBAG, Nana Fredua Ofori-Atta, described the meeting as a significant milestone, marking the association’s third consecutive AGM and reflecting steady institutional progress for the 33-year-old professional body. He highlighted key achievements over the year under review, including enhanced member welfare, strengthened advocacy and expanded training programmes aimed at improving professionalism within the customs brokerage industry. As customs broker...

Columbia Vice President Leads Business Delegation To GPHA To Explore Investment Opportunities

 The Vice President of Colombia, H.E. Francia Elena Márquez Mina, on Friday, 12th December 2025, led a high-level business delegation to the Ghana Ports and Harbours Authority (GPHA) as part of efforts to explore investment opportunities and deepen bilateral trade relations between Colombia and Ghana. The delegation was received on behalf of the Director-General of the Ghana Ports and Harbours Authority by the Director of Port of Tema, . Tebon Zumah, along with management officials of GPHA. The visit aimed at identifying areas of mutual business interest while strengthening economic and commercial ties between the two countries. Vice President Márquez Mina underscored the critical role ports play in national economic development, stressing the need for stronger collaboration between ports in Colombia and Ghana to drive growth and shared prosperity. She noted that Colombia is pursuing a vision to reconnect with the world through strategic trade partnerships, adding that Ghana holds ...

Maggi, Aduane Pa Celebrate Ghanaian Food, Culture and Music at Fufu Party in the Park

 Maggi, in partnership with popular food brand Aduane Pa, on Saturday, December 13, 2025, hosted a colourful edition of the Maggi Fufu Party in the Park at Ghud Park in Accra, bringing together lovers of Ghanaian food, culture, and music. The event, which ran from the afternoon into the evening, was designed as a grand appreciation gesture to loyal Maggi consumers while celebrating Ghana’s rich culinary heritage. Speaking at the event, Deborah Kwabla, Corporate Communications and Public Affairs Manager for Nestlé Ghana, said the inspiration behind the Fufu Party was to express gratitude to consumers who have supported the Maggi brand over the years. The inspiration for the Fufu Party that we are all experiencing this afternoon into the evening is basically to say thank you to our cherished consumers. Maggi has a close association with many Ghanaian cuisines, and today we are here with our partner, Aduane Pa, to bring the Maggi experience to life,” she said. She added that the vibra...

MTN Ghana Foundation And University Of Ghana's New Agricultural Hub Aims To Transform Students Into Innovative Job Creators

 MTN Ghana Foundation has officially inaugurated the Vegetable Center of Excellence, an investment exceeding GHC3 million, at the University of Ghana’s School of Agriculture. The facility, which was handed over prior to the national farmers' day celebration, will be managed by the agronomic solutions provider Defarmercist. It aims to equip students of the School of Agriculture and other Ghanaian youth with practical agricultural skills that will empower them to pursue careers in agriculture. The program will also provide students with practical skills in crop management, irrigation systems, and sustainable farming methods. Additionally, it will extend opportunities to unemployed youth and smallholder farmers seeking to expand their farms and enterprises. The solar-powered facility features three greenhouse structures, a fully equipped training and conference room, and administrative offices, along with boreholes and water reservoirs to ensure a sustainable and consistent water supp...

Key Partners Acknowledge Newmont’s Contribution to Health, Education, and Community Wellbeing

 For years, Newmont’s presence in Ghana has been defined not only by responsible mining, but by a deliberate effort to invest in people. From life-saving health interventions to transformative educational opportunities, the company’s community-focused initiatives continue to draw national recognition. In recent months, several reputable institutions have highlighted Newmont’s long-term commitment to improving the lives of vulnerable groups, affirming the company’s role as a strategic partner in Ghana’s social development agenda. Newmont’s sustained investment in uplifting individuals and communities, particularly the most vulnerable, has been acknowledged and affirmed by key partners. The latest of such recognitions came from the Noguchi Memorial Institute for Medical Research (NMIMR), which highlighted Newmont’s long-standing support for hepatitis B vaccinations. Acknowledging the high prevalence and rapid spread of Hepatitis B in Ghana – and the urgent need for intervention to pr...