Ghana’s gold production to rise marginally by 3% in 2025 – Deloitte
Ghana’s gold production is projected to rise marginally by 3% to 136 tonnes in 2025 from an estimated 132 tonnes in 2024.According to Deloitte,...
Dr. Nduom confident in Mahama-led NDC to restore GN Bank’s legacy
The Global Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has expressed confidence that the new National Democratic Congress (NDC) administration, led by John...
First tax to go should be COVID-19 levy, E-levy, and VAT reviewed – GNCCI
The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), has called on the incoming government to prioritise the removal of specific...
Weak cocoa production impacting COCOBOD amid record high prices – IMF
The International Monetary Fund (IMF) has identified 2024 as a challenging financial year for the Ghana Cocoa Board (COCOBOD), despite some progress made in...
Struggling to celebrate: How economic challenges are redefining Christmas in Accra
As the festive season draws closer, the streets of Accra, typically brimming with Christmas cheer, bear a more subdued mood this year.Inflation and economic...
Present 2025 mini-budget or risk jail term – Ato Forson cautions Finance Minister
Finance Minister, Dr. Mohammed Amin Adams has been warned that he risks a prison sentence if he fails to present the mini-budget to Parliament.This...
LPG consumption increases by 4% in 2023
Despite facing significant challenges in 2022, Ghana's Liquefied Petroleum Gas (LPG) consumption saw a modest increase of 4% in 2023.According to recent data by...
Ghana records $316m in FDI in first three quarters of 2024
Ghana attracted Foreign Direct Investment (FDI) worth $316 million in the first nine months of 2024, reinforcing its reputation as a prime investment destination...
Gabriel Kumi elected Board of the Chamber of Oil Marketing Companies
The Board of the Chamber of Oil Marketing Companies has elected the Executive Director of Trinity Oil Company Gabriel Kumi as board chair of...
Seth Terkper justifies national dialogue on IMF borrowing and economic recovery
Former Finance Minister Seth Terkper has defended the incoming Mahama administration’s plans to convene a national dialogue to chart a sustainable path for Ghana’s...
We are handing over a strong economy – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand...
Cedi narrows its year-to-date loss; one dollar equals GH¢15.65
The Ghana cedi clawed back further gains as its resurgence against the dollar continued abated.The local currency gained 3.8% week-on-week to the US dollar...
Reducing food inflation must be a priority in Mahama’s administration – Prof. Gatsi
Economist and Dean of the University Cape Coast Business School, Prof. John Gasti has advised the incoming John Mahama administration to work at reducing...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
Current financial year proving challenging for COCOBOD – IMF
Although Ghana Cocoa Board’s (COCOBOD) financial position improved in 2023, the current financial year is proving challenging, the International Monetary Fund has stated.According to...
Energy sector is a major source of financial risk; legacy debts hit $2.1bn – IMF
The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source...
T-bills auction: Government records 19.75% oversubscription; interest rates near 30%
The government recorded a 19.75% oversubscription of treasury bills barely a week after President Mahama won the presidential elections.According to the Bank of Ghana's...
Ahafo youth with innovative business ideas to receive supportÂ
Youth in the Ahafo Region with innovative business ideas are set to receive support from the government and private organizations to help reduce unemployment.At...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy (KOS.N), is in early talks for an all-share acquisition of Tullow Oil (TLW.L) that would create a...
SikaFX launches revolutionary money transfer services in Ghana
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.The company’s goal is to streamline international remittances, providing...
Names of over 505,000 businesses and companies to be delisted by end of 2024
The Office of the Registrar of Companies (ORC) has announced plans to delist approximately 500,000 business names and 5,000 companies from its register by...
Mahama pledges to prioritise cedi stabilisation
President-elect John Dramani Mahama has identified stabilising the Ghanaian currency as his foremost priority once the transfer of power is completed.Acknowledging the adverse impact...
British trader found guilty of £1bn fraud
A British hedge fund trader has been sentenced to 12 years in prison in Denmark, after being found guilty of orchestrating a tax fraud...
Proposals to review Ghana’s programme should be guided by ECF objectives- IMF warns
The International Monetary Fund (IMF) has revealed that proposals to re-negotiate Ghana’s programme must be guided by the fiscal objectives of the Extended Credit...
Investors urge Ghana to address alleged unlawful expropriation of gold mine assets
Future Global Resources Limited (FGRL) and Blue Gold Holdings Limited (BGHL) have issued an urgent appeal to the government of Ghana over what they...
Ghana’s high debt distress classification to be reviewed after 2028 – IMF
Ghana’s classification as high debt distress country is likely to be reviewed after 2028.This was captured in the International Monetary Fund (IMF) Staff Report...
GRA refutes claims of vehicle auctioning, warns against fraudulent notices
The Ghana Revenue Authority (GRA) has categorically denied recent reports alleging its involvement in the auctioning of vehicles.In a statement issued on December 11,...
Ghana’s debt to GDP ratio to stay above 60 percent till 2027
Global rating agency, S&P, has projected that Ghana’s public debt to Gross Domestic Product (including COCOBOD obligations) will remain above 60% of GDP in...
IMF flags risks to Ghana’s economic stability amid encouraging recovery
The International Monetary Fund (IMF) has completed the third review of Ghana's $3 billion Extended Credit Facility (ECF) programme, highlighting significant risks that could...
Fiscal consolidation in Ghana, others to gain renewed focus in 2025 – Fitch Solutions
Fiscal consolidation efforts in Sub-Saharan Africa including Ghana will gain renewed focus in 2025, Fitch Solutions has revealed in its latest report dubbed “Sub-Saharan...
Cedi expected to be biggest beneficiary from smooth elections
The cedi could be one of the biggest beneficiaries as a result of the smooth elections.Former President, John Mahama emerged the winner of the...
NPP borrowed more than GHS1 trillion between 2017 and 2024 NOT GHC 622 billion
Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC...
Misleading! Mahama didn’t leave office with debt-to-GDP ratio at 56%, inflation at 15%, unemployment rate at 8%
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%. Verdict: False!Explanation
Data from...
False! Ghana 7th not 3rd, most food-secure African country
Claim: At the final rally of the New Patriotic Party (NPP) on Dec. 5, 2024, the flagbearer, Dr Mahamudu Bawumia, said: “If you ranked...
Tullow Oil CEO Rahul Dhir to step down
Tullow Oil has announced that its Chief Executive Officer Rahul Dhir will step down and also resign from its board next year.This was contained...
Report shows 99.2% of gold exported to 4 countries; UAE is top destination
Gold produced in Ghana is primarily exported to four countries.According to the Trade Statistics Report from the Ghana Statistical Service, United Arab Emirates (40.1%)...
Ghana achieves GH₵3.9bn trade surplus in months of 2024 – GSS
Ghana recorded a trade surplus of GH₵3.9 billion in the months of 2024, the Ghana Statistical Service (GSS) has stated.According to the GSS, exports...
KMA Mayor allays fears over Kejetia Market closure on election dayÂ
The Mayor of the Kumasi Metropolitan Assembly (KMA), Samuel Pyne, has dismissed claims on the closure of the Kejetia Market on December 7, 2024.The...
Ghana’s economy is rebounding strongly – Finance Minister
Dr Mohammed Amin Adam, the Minister for Finance, says Ghana’s economy has rebounded very strongly from the recent challenges.He said notably the macroeconomic front...
Fuel price increase: Petrol at GH₵15.30, diesel going for GH₵15.80 a litre
More Oil Marketing Companies are increasing prices of petroleum products at the pumps.This is despite an earlier industry data which suggested that prices may...