Joy Business News

News from the world of business.

News from the world of business.

News from the world of business.

News from the world of business.

An IMF staff team is scheduled to arrive in Accra on Wednesday, April 29, 2026, to commence the sixth and final review of Ghana’s $3 billion Extended Credit Facility (ECF) programme.

The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI) has urged the government to address the high cost and unreliability of electricity supply to safeguard local businesses.

Credit conditions in the banking sector remained subdued in February 2026, reflecting banks’ cautious risk-taking stance and a continued preference for Government and Bank of Ghana securities, the Bank of Ghana has disclosed.

Ghana’s debt-to-GDP ratio is projected to rise to 53.0% by the end of 2026, up from 45.3% recorded in 2025, according to the International Monetary Fund (IMF).

The Governor of the Bank of Ghana, Dr Johnson Asiama, has revealed that the country received nearly $7.8 billion in remittance inflows by the end of 2025, underscoring the increasing role of diaspora contributions in the national economy.

Diesel prices are expected to drop by about 4% to around GH¢18.50 per litre from April 16, 2026. Petrol prices, however, may rise by nearly 2% to about GH¢15.24 per litre.

The Chamber of Oil Marketing Companies (OMCs) in Ghana has expressed its support for the government’s proposal to review taxes and levies on petroleum products in response to rising pump prices.

News from the world of business.

News from the world of business.

Airline ticket prices for both domestic and international travel are set to increase from today, as carriers begin implementing the government’s Airport Infrastructure Development Levy.

Parliament has passed the Value for Money Office Bill 2026, clearing the way for the creation of a new independent body tasked with strengthening oversight of public spending and procurement.

News from the world of business.

Top Oil Marketing Companies (OMCs) in Ghana, including GOIL and Star Oil, are reducing fuel prices to gain market share, triggering a competitive price war.

Some Oil Marketing Companies (OMCs) have begun increasing fuel prices ahead of the March 16 pricing window under the industry’s pricing guidelines.

Diesel likely to be hardest hit in upcoming price hikes.

NPA in Ghana has directed all OMCs and LPG Marketing Companies to halt the practice of selective, location-based fuel price discounts, effective March 16, 2026. This regulatory move aims to ensure that petroleum prices are uniform across all retail outlets of a given company, promoting fairness and preventing market distortions where某些 locations enjoy lower prices than others.

Economist Dr. Adu Owusu Sarkodie has entreated government to be proactive in addressing any potential economic spillovers from the ongoing Middle East conflict, despite Ghana's strong reserve build-up.

The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.

News from the world of business.

Commercial banks have begun reducing interest rates on both existing and new loan facilities following the recent cut in the Ghana Reference Rate (GRR).

News from the world of business.