Day: September 11, 2025

Accra: Dr. Toni Aubynn, Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), has cautioned against the abolition of the Stability Agreement as a prerequisite for granting licenses to large-scale mining companies in Ghana. He stated that removing the Agreement, which offers fiscal and regulatory assurances to investors, could undermine investor confidence and weaken Ghana’s competitiveness in the global mining sector. According to Ghana News Agency, Dr Aubynn, a former Chief Executive Officer of the Minerals Commission, made these remarks during a panel discussion at the opening of the Mining and Minerals Convention 2025, held in Accra on

Accra: Ghana is adopting a cautious approach towards borrowing from international capital markets, President John Dramani Mahama stated during a recent media encounter. He emphasized the country’s commitment to managing its finances prudently rather than hastening to secure external loans for development. According to Ghana News Agency, President Mahama highlighted the country’s recent macroeconomic improvements achieved without external borrowing. He noted that these developments demonstrate Ghana’s potential to strengthen its economy through strategic investments and fiscal discipline. The President remarked on the unexpected resilience of Ghana’s economy, which has managed to operate without relying on international borrowing, a feat that

Accra: President John Dramani Mahama says Ghana is seeking to maximise its trade volume with China in the wake of the recent tariff-free pact. The deal, he said, provided the country with the leverage to up its production, particularly in the area of agriculture, and export more to the vast Chinese market of 1.4 billion consumers. According to Ghana News Agency, bilateral trade between Ghana and China reached a historic high of US$11.84 billion in 2024, marking a significant milestone in the long-standing economic partnership between the two nations. President Mahama, in an interaction with the media at the Jubilee

Accra: Officials of the Ghana International Trade Commission (GITC) have met with management of Sunda International, an international manufacturing company operating in Ghana, over unfair trade practices concerns. The company, which produces diapers, detergents, and sanitary pads, petitioned the GITC over concerns of smuggling and dumping of cheaper substandard baby diapers on the Ghanaian market. According to Ghana News Agency, aside from the health risk it poses to consumers, the practice was affecting local manufacturers, making them less competitive, and threatening the jobs of some 3,700 Ghanaians on the company’s payroll. In response, the GITC delegation, led by its Executive

Accra: President John Dramani Mahama has revealed that the Bank of Ghana (BoG) has stopped its interventions in the foreign exchange market. This change aims to address imbalances caused by the recent appreciation of the local currency. According to Ghana News Agency, President Mahama explained that the rapid appreciation of the Cedi led to a significant increase in imports due to the availability of cheaper dollars, allowing for more affordable importation. Conversely, exporters faced challenges as they received fewer Cedis for their exports. During a Presidential media encounter, he highlighted the government’s observation of a 50 percent drop in remittances