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Ghana Cedi Set for First-Ever Annual Gain Against US Dollar Since 2007 Redenomination Ghana’s local currency, the cedi, is poised to make history by recording its first-ever annual appreciation against the United States dollar since the currency redenomination in 2007. According to data compiled by JoyNews Research, the cedi has appreciated by approximately 36% year-to-date,…
Kennedy Agyapong: Reliance on IMF, World Bank Reflects Leadership Failure Aspiring flagbearer of the New Patriotic Party (NPP), Kennedy Agyapong, has strongly criticized Ghanaian leaders who resort to the International Monetary Fund (IMF) and the World Bank for financial assistance, describing it as a sign of failed leadership. Speaking on Spear FM during his campaign…
Ghana and Grenada Sign Groundbreaking Agreement to Recruit Ghanaian Nurses A new era of healthcare collaboration has begun as Ghana and Grenada officially signed a Memorandum of Understanding (MoU) focused on the recruitment of Ghanaian nurses to serve in the Caribbean nation’s healthcare system. The historic agreement, titled “Recruitment of Ghanaian Nurses for the State…
Accra Breaks Into Africa’s Top 5 Best Cities! Accra, the capital of Ghana, has officially cemented its place among Africa’s top five best cities—an impressive milestone that reflects years of strategic development, cultural vibrancy, and growing global recognition. This ranking comes as part of a broader evaluation of African cities based on criteria such as…
President Mahama Calls for Enhanced Ghana-Grenada Trade and Investment Relations President John Dramani Mahama has called for stronger trade and investment cooperation between Ghana and Grenada, highlighting the mutual benefits such a partnership would bring to both nations. The President made this appeal during a courtesy call by the Prime Minister of Grenada, Hon. Dickon…
Ghana’s cedi has staged a surprising and dramatic recovery against the U.S. dollar in 2025, prompting renewed optimism about the country’s macroeconomic direction. After suffering sharp depreciation in earlier quarters, the cedi has strengthened by double-digit percentages in recent months — a trend fueled by coordinated monetary, fiscal, and external sector reforms. A Turnaround in…
October 17: Cedi Trades at GHS12/$ on Forex Market, GHS10.71/$ on Interbank Market The Ghanaian cedi today opened with a pronounced divergence between the forex and interbank markets. In the retail foreign exchange market, the cedi is being quoted at GHS12.00 per US dollar, while in the interbank segment it trades significantly stronger at GHS10.71…
Ghana’s Oil Production in Sharp Decline Since 2019 Peak – PIAC Raises Alarm Ghana’s oil production has been steadily declining since reaching its peak in 2019, sparking serious concerns about the country’s future petroleum revenues and energy sustainability. This warning comes from Isaac Dwamena, Head of the Public Interest and Accountability Committee (PIAC) Secretariat, during…
On the morning of October 14, 2025, President Xi Jinping met at the Great Hall of the People in Beijing with Ghanaian President John Mahama, who is in China for the Global Leaders’ Meeting on Women. President Xi noted that this year marks the 65th anniversary of the establishment of diplomatic ties between China and…
Manufacturing Activities Expand While Construction Slows – BoG Report Manufacturing activity in Ghana showed notable improvement in July 2025, driven by higher direct tax collections and increased contributions to the Social Security and National Insurance Trust (SSNIT) Tier-1 Pension Scheme by private sector workers. According to the Bank of Ghana’s September 2025 Monetary Policy Report,…
