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Ghana’s inflation rate has continued its downward trend, dropping to 6.3% in November 2025, the lowest level recorded since the Consumer Price Index (CPI) was rebased in 2021. This marks the eleventh consecutive month of declining inflation, highlighting improving stability in the economy. Government Statistician Dr. Alhassan Iddrisu attributed the …
Read More »Mobile Money Transactions in Ghana Reach GHC354.1bn in August
Mobile money transactions in Ghana totaled GHC354.1 billion in August 2025, according to the Bank of Ghana’s latest Summary of Economic and Financial Data. Although the figure is a slight drop from July’s GHC355.4 billion, mobile payments continue to dominate the country’s financial landscape. The number of transactions rose from …
Read More »Ghana Earns $517 Million in Crude Oil Revenue in Second Half of 2024
Ghana generated $517 million in crude oil revenue during the second half of 2024, according to the Bank of Ghana’s Ghana Petroleum Funds Report for the period ending December 31, 2024. The report indicates that: $369 million came from crude oil liftings at the Jubilee, TEN, and Sankofa Gye Nyame …
Read More »Mobile Money Transactions Surge in October, Reaching GHS 298.6 Billion – Bank of Ghana
Data from the Bank of Ghana reveals a significant uptick in mobile money transactions, indicating the growing adoption of digital financial services across the nation. The total volume of mobile money transactions saw an increase from 705 million in September 2024 to 728 million in October 2024, reflecting a notable …
Read More »Bank of Ghana Launches Ghana Gold Coin, Priced Between GH₵11K and GH₵45K
The Bank of Ghana (BoG) has introduced the Ghana Gold Coin (GGC), providing a novel investment option for Ghanaians while enhancing the nation’s financial instruments portfolio. Launched on November 26, 2024, the GGC is available in three denominations: 1.00 oz at GH₵45,020.48, 0.50 oz at GH₵22,409.74, and 0.25 oz at …
Read More »Bitcoin Hits Record High of $80,000 Following Trump’s Election
Bitcoin’s value surged to a record-breaking $80,000 on November 11, 2024, following Donald Trump’s decisive election win and the Republican Party’s strengthened hold on Congress. This milestone reflects a more than 80% increase in Bitcoin’s value this year. Trump, who promoted the idea of making the US the “crypto capital …
Read More »10,000 Cedis Needed to Buy the New Ghana Gold Coin: All You Need to Know
Ghana is set to launch the highly anticipated Ghana Gold Coin (GGC), providing residents with a new investment opportunity. Dr. Steve Opata, an advisor at the Bank of Ghana, announced during an interview on Metro TV’s Bottomline program on September 30, 2024, that individuals interested in purchasing the coin will …
Read More »BoG Launches Ghana Gold Coins as New Investment Option
The Bank of Ghana (BoG) has officially launched the Ghana Gold Coin, providing a new investment option for Ghanaians under its gold purchase programme. The coins, which will be available for purchase in two weeks, aim to offer a stable alternative for investors. Speaking at the Monetary Policy Committee (MPC) …
Read More »Cocoa Processing Company Reports $9.5m Loss in First Half of 2024
The state-owned Cocoa Processing Company Limited (CPC) has recorded a loss of $9,568,898 in the first half of 2024, an increase from $9,155,700 during the same period in 2023, marking a 4.5% rise in losses. This increase is mainly due to higher operational costs, including selling, distribution, and financial expenses. …
Read More »Fuel Prices Cross GH¢15 Per Litre
Some oil marketing companies (OMCs) in Ghana have started increasing fuel prices following the commencement of July’s second pricing window. For example, Shell, a leading oil marketing company, has raised the price of a litre of petrol from GH¢14.80 to GH¢15.10. Similarly, the price of a litre of diesel has …
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