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Economy

Ghana’s New Minimum Wage to Be Announced Next Week

Ghana’s New Minimum Wage to Be Announced Next Week

Discussions about Ghana's new daily minimum wage are expected to finish next week. This information comes from sources in the National Tripartite Committee. Labour unions on the committee are pushing for a raise of more than ten percent. However, government and employer representatives are being careful. They point

Ghana Increases Cocoa Producer Price to GHC 3,625 per Bag

Ghana Increases Cocoa Producer Price to GHC 3,625 per Bag

The Government of Ghana has announced a fresh increase in the producer price of cocoa, raising it from GHC 3,225 to GHC 3,625 per 64kg bag, effective October 3, 2025. This adjustment, which translates to GHC 58,000 per tonne, comes as a mid-season intervention to ensure farmers

Ghana Banks Begin Charging 5% Fee on Forex Withdrawals Under New BoG Directive

Ghana Banks Begin Charging 5% Fee on Forex Withdrawals Under New BoG Directive

Commercial banks in Ghana have begun enforcing a 5% levy on foreign exchange withdrawals, in line with new directives from the Bank of Ghana (BoG). The fee applies specifically to foreign currency accounts credited through transfers or cheque deposits, while accounts funded with direct cash deposits are exempt (Joy Business)

Ghana Raises Cocoa Price to GHS 3,228.75 per Bag

Ghana Raises Cocoa Price to GHS 3,228.75 per Bag

The Government of Ghana has announced a new producer price for cocoa, increasing it from GHS 3,100 to GHS 3,228.75 per 64-kilogram bag. This represents a marginal increment of GHS 128.75, despite significant gains in global cocoa prices. The new price takes effect on August 7,

Mahama Administration Abandons 1D1F Policy for 24-Hour Economy Agenda

Mahama Administration Abandons 1D1F Policy for 24-Hour Economy Agenda

The Mahama-led administration has officially discontinued the One District, One Factory (1D1F) program, a flagship initiative introduced under former President Akufo-Addo. This was disclosed by the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, during a parliamentary session on July 8. She explained that the government's new focus