Joy Business News

President John Dramani Mahama has pledged to safeguard the independence of the Bank of Ghana, stressing that a credible and autonomous central bank remains essential to Ghana’s long-term economic stability.

OMCs are expected to begin increasing fuel prices at the pumps from today, November 17. This development follows the routine two-week review of petroleum product prices and pricing-outlook data from COPEC, which projects a 1% to 4% increase per litre across products.

Some banks expect the cedi’s strong recovery to continue because improved forex inflows, tighter policies, and a weaker dollar are supporting the currency. They believe the gains can be sustained even with reduced direct dollar support from the market.

News from the world of business.

CEO of the Ghana Association of Banks, John Awuah, says banks have begun engaging the Ministry of Foreign Affairs to deal with cases of loan defaults.

The Chamber of Petroleum Consumers (COPEC) pushes for the removal of certain levies on fuel, to protect consumers from high prices.

President John Mahama has disclosed that his government is in negotiations with the United States over the 15 per cent tariffs imposed under the Trump administration

Some Oil Marketing Companies have begun increasing fuel prices at the pumps in line with projections for the first pricing window of October 2025.

Prices of petroleum products are set to rise by 4% per litre starting today, as OMCs adjust rates amid growing pressure on the cedi.

A visiting team from the IMF has commenced technical engagements with the Government of Ghana, focusing on fiscal, energy and banking sector developments.