Business

The Bank of Ghana says Governor Johnson Asiama stopped serving on the GoldBod Board on May 11, 2026, with Second Deputy Governor Matilda Asante-Asiedu now representing the central bank.

Bank of Ghana Governor Johnson Asiama says he resigned from the GoldBod Board about five months ago, responding to NPP concerns over a possible conflict of interest.

Finance Minister Cassiel Ato Forson says Ghana’s New Economy programme will boost local production, reduce import dependence and create jobs through targeted investment in productive sectors.

The Bank of Ghana has sold GH¢9.97 billion in 14-day bills at an annualised interest rate of 10.4977%, continuing efforts to manage short-term banking sector liquidity.

Tema Oil Refinery has received 950,000 barrels of Sankofa crude oil from GNPC for domestic refining, marking the first time the refinery has taken crude from the field.

COMAC has asked the Ghana Revenue Authority to indefinitely suspend Section 136 of the Customs Act, warning that shifting petroleum tax obligations could raise fuel prices and disrupt supply.

Bank of Ghana Governor Johnson Asiama says Ghana must maintain fiscal and monetary discipline under the IMF’s Policy Coordination Instrument to protect investor confidence and economic stability.

Finance Minister Cassiel Ato Forson has urged Ghanaian businesses to invest with confidence as government prepares a US$10 billion economic transformation programme for the 2027 Budget.

The Bank of Ghana has maintained its policy rate at 14% for a third consecutive meeting as PURC keeps electricity and water tariffs unchanged for the final quarter of 2026.

PURC has maintained Ghana’s electricity and water tariffs for October to December 2026, as lower gas costs and increased hydro generation offset cedi depreciation and inflation.

The Bank of Ghana will introduce upgraded Heritage Series cedi banknotes on November 3, 2026, with stronger security features. Existing notes will remain legal tender.