Joy Business News

Top Oil Marketing Companies (OMCs) in Ghana, including GOIL and Star Oil, are reducing fuel prices to gain market share, triggering a competitive price war.

Some Oil Marketing Companies (OMCs) have begun increasing fuel prices ahead of the March 16 pricing window under the industry’s pricing guidelines.

Diesel likely to be hardest hit in upcoming price hikes.

NPA in Ghana has directed all OMCs and LPG Marketing Companies to halt the practice of selective, location-based fuel price discounts, effective March 16, 2026. This regulatory move aims to ensure that petroleum prices are uniform across all retail outlets of a given company, promoting fairness and preventing market distortions where某些 locations enjoy lower prices than others.

Economist Dr. Adu Owusu Sarkodie has entreated government to be proactive in addressing any potential economic spillovers from the ongoing Middle East conflict, despite Ghana's strong reserve build-up.

The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.

News from the world of business.

Commercial banks have begun reducing interest rates on both existing and new loan facilities following the recent cut in the Ghana Reference Rate (GRR).

News from the world of business.

BoG ends 2025 with international reserves hitting record $13.8bn.