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The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to further reduce their lending rates to support businesses and stimulate economic growth.

Total Loans granted by Commercial Banks for the first half of this year hit almost 90 billion cedis, representing a marginal growth over last year’s numbers.

Beverage manufacturers are raising concerns over a sharp decline in sector tax revenues, attributing it to the rise in smuggled imports undermining legal sales.

Government has announced an additional 400 cedis on every 64kg bag of cocoa for farmers for the 2025/2026 crop season.

Ghana’s inflation rate has dropped to a single digit for the first time in four years, falling to 9.4% in September 2025 from 11.5% in August, according to the Ghana Statistical Service (GSS).

Market leader Star Oil, in a social media post, announced that a litre of petrol will now sell at GH¢13.17, up from the previous GH¢12.77 on September 1.

Bringing you updates from the world of business

Bringing you updates from the world of business

Ghana has pledged to achieve universal electricity access by 2030, joining 16 other African nations in endorsing National Energy Compacts under the World Bank and African Development Bank-led Mission 300 initiative.