news and current affairs.
Atlantic Lithium GSE Debut Delivers Big Bucks
Atlantic Lithium marked one year on Ghana's stock market with strong trading performance. The Australian mining company trades at 6.12 cedis per share and holds fourth place among the most valuable stocks. Ghana's first lithium mine project remains under development at the Ewoyaa site. The company received mining permits and environmental approvals during late 2023. Parliament must still approve the mining agreement before full production begins. Global lithium prices fell since Atlantic Lithium received its mining license during October 2023. Company officials discuss new fiscal terms with Ghana's government to match current market conditions. Neil Herbert leads Atlantic Lithium as executive chairman and supports partnership with...
Ghana Pump Prices Crash As Cedi Soars
Several oil companies cut fuel prices Monday because Ghana's cedi became stronger against the dollar. Ghana Oil Company Limited reduced petrol costs from 13.27 cedis per liter to 12.52 cedis. The state company also lowered diesel prices from 13.87 cedis to 12.98 cedis per liter. These new rates started at 6 a.m. Monday morning across Goil stations. Customers saw immediate savings when they filled up their vehicles. StarOil made even bigger price cuts for drivers around the country. Petrol fell from 12.57 cedis to 11.77 cedis per liter at most locations. Diesel prices went from 13.49 cedis to 12.49 cedis per liter. Some StarOil stations offer extra discounts with petrol at 11.57 cedis and diesel at 12.29 cedis. The company started these...
GoldBod to Seal $4B Cedi Leak
John Awuah leads the Ghana Association of Banks and talked about how GoldBod could help Ghana's money become stronger. He spoke on Joy News last Thursday about billions of dollars Ghana loses each year from gold exports that nobody tracks. Awuah believes GoldBod can fix these problems and make Ghana's economy more stable. The country needs better systems to watch where gold goes after miners dig it up. Good management of gold exports could help the cedi gain value against other currencies. Ghana exported 2 billion dollars worth of gold recently but Dubai claimed they bought 6 billion dollars from Ghana. Awuah asked what happened to the missing 4 billion dollars between these two numbers. Foreign buyers often skip official channels and...
Cedi Jumps But Builders Still Paying Sky High Prices
Ghana's real estate group wants building material prices to fall because the cedi became stronger against the dollar. The Ghana Real Estate Developers Association asked suppliers to cut costs for cement and iron rods. Dr. James Orleans-Lindsay leads the association and spoke about high construction expenses. He said traders should help Ghana's economy recover through lower prices. Building companies still pay the same amounts for materials despite currency gains. Real estate developers promise to share savings with customers when material costs drop. Orleans-Lindsay explained that developers lose money because cement prices stay high. The housing industry faces major problems from expensive construction supplies over recent years. A...
Get Ready as Kumasi Tamale Airports Open Late
Ghana's airport officials changed operating hours at two airports starting June 1st. The Ghana Civil Aviation Authority and Ghana Airports Company made Prempeh I International Airport stay open until 11 p.m. Tamale International Airport will remain open until 10 p.m. each day. Both airports previously closed earlier each evening. These longer hours help airlines schedule more flights. Airlines received official notices about the new airport schedules from aviation authorities. More flights can land and take off during evening hours at both locations. Passengers traveling between cities will have more flight options to choose from. The changes affect domestic travel routes within Ghana. Aviation companies want more people to use these...
Kejetia Gun Haul Exposes Mining Thugs
Police arrested eight men on Saturday for having guns without permission near a gold mine. The arrests happened at Kejetia community close to the Gbane mining area. Armed forces and police worked together on this operation. Security officers acted on tips about a man called Polo who kept armed people at his mining site. The suspects ranged from 18 to 46 years old. Officers found many weapons hidden at the house where these men stayed. Police discovered one AK-47 rifle and forty-four bullets for the gun. Security forces also found a shotgun and several shotgun shells. The search turned up knives and boots that fighters use. All weapons were stuffed inside a yellow bag. The eight arrested men remain locked up as police investigate where...
Ghana Pump Prices to Plummet as Cedi Soars
Ghana's people will pay less for fuel during June's first price change period. The Africa Sustainable Energy Centre says fuel costs could fall between 5% and 9%. Ghana's money became stronger against the US dollar recently. This stronger currency makes buying oil from other countries cheaper. Lower fuel prices will help families and businesses save money. The cedi's strength against the dollar cuts costs for oil companies that bring fuel into Ghana. Petrol might cost between 12.00 and 12.60 cedis per liter. Diesel could sell for 12.60 to 13.20 cedis per liter. Companies change fuel prices every two weeks based on world oil markets and currency values. Global oil prices fell from 85 dollars per barrel in January to around 64 dollars...
Ghana Gold Board Cashes In Goes Green
President John Dramani Mahama wants Ghana's Gold Board to do more than just make money from gold sales. The board will finish building a system that tracks where gold comes from and checks if mining hurts the environment. This tracking system will make sure all gold exports come from safe mining places. Mahama talked about these plans at the Mining in Motion Summit on Monday. The summit happened as part of efforts to fix Ghana's gold mining business. Ghana created the Gold Board to clean up the gold trade and make it more honest. The board helps Ghana earn fair money from its natural gold resources. The Gold Board already helped Ghana make $2.7 billion from gold exports between January and April this year. The Precious Minerals...
Ghana Gold Bod 2.7B Payday Goes Green
President John Dramani Mahama shared good news about Ghana's gold business. The Ghana Gold Board has made big changes since it started working. Ghana made $2.7 billion from selling gold between January and April 2025. The Precious Minerals Marketing Company and Ghana Gold Board handled these sales. Mahama spoke at the Mining in Motion Summit on Monday. The president said the Gold Board cleaned up Ghana's gold business. The country earns more money from gold sales because of these changes. Officials work hard to make sure Ghana gets the best deals from its gold. The Gold Board focuses on making the gold trade better for everyone. These efforts help Ghana make more money from its natural resources. The Gold Board plans to start a new...
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