The Bank of Ghana has suspended the forex trading license of the Consolidated Bank of Ghana (CBG) for a period of one month, beginning November 26, 2024.
Ghana has produced a cumulative 633,300 barrels of crude oil since launching production in 2010, generating approximately $10.7 billion in state revenue, according to a report by the Public Interest and Accountability Committee (PIAC).
President Akufo-Addo has announced an increase in the producer price of cocoa for the 2024/2025 crop season, raising it from GH₵3,000 to GH₵3,100 per 64kg bag.
Ghana's crude oil output increased by 10.7% year-on-year in the first six months of 2024, reversing an annual production decline that began five years prior, the country's public interest and accountability committee (PIAC) reported.
Ghana’s tree crop sector, key among them the cocoa and oil palm industries, is anxious over an impending vote by the European Union (EU) parliament to postpone or validate its proposed implementation date for the crucial EU Deforestation Regulation (EUDR).
Energy sector bond issuer E.S.L.A. PLC has announced an intention to redeem about GH¢3.47billion in outstanding bonds, as part of ongoing efforts in restructuring energy sector debt.
Ghana's cocoa production is expected to rebound in the 2024/25 crop season, buoyed by favourable weather conditions, according to local farmers, officials from regulatory body Cocobod, and buyers.
The Bulk Energy Storage and Transportation Company Limited (BOST) generated a total revenue of GH¢22.7 billion from 2019 to 2023, making a profit of GH¢881 million over the period.
Ghana's consumer inflation rose for the second month in a row in October, to 22.1% year on year from 21.5% in September, the statistics service said on Wednesday.
The Labadi Beach Hotel, Ghana’s premier five-star hotel, has paid a dividend of GH¢16.5 million to its shareholder, the Social Security and National Insurance Trust (SSNIT).
Cocoa farmers in the world's No.2 producer Ghana are hoarding beans in anticipation of higher prices, industry sources told Reuters, potentially squeezing supplies to a global cocoa market looking to recover from last season's disastrous harvests.
Ghana recorded a historic production of 1,045,000 tonnes of cocoa in the 2021/2022 crop season, Mr Joseph Boahin Aidoo, the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) has said.
