Author: Constance Awunor

A subsidiary of the Ghana Gold Board has moved to clarify its involvement in a women’s empowerment event in the United Kingdom after facing criticism on social media over claims that it sponsored the programme. GoldBod Jewellery Limited said it did not provide financial sponsorship for the 2026 Women of Valour event, which was held on March 7 at the London Hilton on Park Lane in London. The company issued the clarification after a photograph circulated online showing GoldBod Jewellery listed among partners for the event, prompting questions from some social media users about why a state-linked institution would sponsor…

During his State of the Nation Address on Friday, February 27, 2026, President John Mahama asserted that data from the Ghana Statistical Service (GSS) indicated that over one million Ghanaians found employment between the first and third quarters of 2025, he stated. “According to the Ghana Statistical Service, over one million Ghanaians found employment between Quarter 1 and Quarter 3 of 2025.” However, a review of official GSS data tells a different story. The Quarterly Labour Force Survey shows that 12.73 million Ghanaians were employed in Q4 2024. Employment rose to 13.09 million in Q1 2025, increased to 13.44 million…

Databank Research forecasts that the Ghanaian cedi will remain relatively stable in 2026, ending the year with a projected depreciation of 7.20% against the US dollar. This would place the cedi at approximately GH¢12.85 per US dollar by December 2026. According to the bank’s 2026 Economic Outlook, this projection considers domestic demand pressures from bulk importers, energy payments, and Eurobond obligations, assuming no major systemic shocks occur. The forecast is supported by an anticipated monthly inflow of about GH¢750 million from GOLDBOD and ongoing reforms in the small-scale mining sector, which are expected to provide steady gold-backed inflows. These inflows…

Ghana has fallen seven positions in the latest Global Mining Investment Attractiveness (IAI) ranking, moving from 46th out of 82 jurisdictions in 2024 to 53rd out of 68 in 2025, according to a survey conducted by JOYBUSSINESS. On the African continent, Ghana now ranks 8th out of 16 countries, just ahead of South Africa, with an overall score of 55%. The survey, conducted electronically between August 5 and November 26, 2025, targeted roughly 2,304 mining professionals, including over 46% company presidents or vice-presidents and more than 25% managers or senior managers. Participating companies reported total exploration spending of US$4.2 billion…

The National Petroleum Authority (NPA) has reassured Ghanaians that the country holds sufficient fuel reserves to last more than five weeks, despite rising tensions in the Middle East following recent Iranian attacks and growing regional instability. Appearing on JoyNews’ The Probe on Sunday, March 1, the NPA’s Director of Economic Regulation and Planning, Abass Ibrahim Tasunti, acknowledged that Ghana, as a net importer of petroleum products, cannot completely avoid the impact of global oil market disruptions. Nevertheless, he stressed that the authority has strong systems in place to maintain a steady supply and prevent immediate shortages. He revealed that, as…

Ghana’s external debt took a big dip, dropping by GH¢86.7 billion from GH¢416.8 billion in December 2024 to GH¢330.2 billion in November 2025, according to the Bank of Ghana’s Monetary Policy Report. That’s roughly 6% of the country’s GDP! The main reason? The cedi got stronger, which automatically shrank the external debt by GH¢100.8 billion (about 8% of GDP) when converted to local currency. On the home front, domestic debt went up a little, from GH¢309.8 billion to GH¢314.5 billion. This was part of a controlled strategy to align domestic financing with the 2025 budget. All this added up to…

The Driver and Vehicle Licensing Authority (DVLA) has issued a clarification regarding media reports that suggested it would deploy its local staff to foreign embassies to deliver driver licensing services. In a statement dated February 26, 2026, the Authority stressed that the initiative does not involve sending DVLA personnel abroad. It explained that, contrary to some headlines, no domestic staff would be stationed at embassies in the selected countries. According to the DVLA, it has collaborated with Ghana’s Ministry of Foreign Affairs to roll out International Driver’s Permit processing and Driver’s Licence renewal services for Ghanaians living abroad. The programme…

The Public Utilities Regulatory Commission (PURC) has called for an urgent meeting with the Electricity Company of Ghana (ECG) over widespread media reports and public complaints alleging rapid depletion of prepaid electricity units. The concerns come in the wake of the latest tariff changes introduced under the Multi-Year Tariff Order (MYTO). Many consumers across the country have taken to the media to question why purchased prepaid units appear to be depleting faster than usual. In response, the Commission announced that it has invited ECG’s Managing Director to attend a meeting scheduled for Thursday, February 26, 2026, at 12:00 noon at…

Building construction inflation in Ghana continued to ease at the beginning of 2026, falling to 3.9 percent in January from 4.4 percent in December 2025, according to new figures released by the Ghana Statistical Service (GSS). Data from the Prime Building Cost Index (PBCI) indicate that although year-on-year inflation in the sector is slowing, monthly cost increases remain evident. The index, which tracks changes in the prices of construction materials, labour, and equipment, rose to 132.4 in January 2026 from 127.4 in January 2025. The latest reading marks the ninth straight month of declining annual construction inflation. Despite the moderation…

The Ghana Police Service has apprehended six students from Aggrey Memorial Senior High School following a violent assault on a final-year student of Adisadel College. On Friday, February 20, 2026, at approximately 3:30 p.m., the victim, identified as Rexford Owusu-Ansah, was returning to campus with two friends after the final day of sports activities at the Cape Coast Stadium. According to police reports, the group was intercepted at Pedu Junction by the suspects. The attackers allegedly stopped the trio to confirm their affiliation with Adisadel College before launching a targeted assault. While Owusu-Ansah’s friends managed to escape the scene, he…