It is crucial for govt to continue to implement ECF programme to ensure sustainable growth, poverty reduction – IMF
The International Monetary Fund indicated that it is crucial for the Ghana government to continue to implement the Economic Credit Facility (ECF) programme as...
Upper West, Upper East, record highest food and non-inflation rates
In August 2024, the Upper West and Upper East regions of Ghana reported the highest food and non-food inflation rates, with food inflation reaching...
Ghana’s oil production may grind to a halt by 2024 – Dr. Manteaw
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw has stated that Ghana's oil industry may be affected badly if successive...
Release of GH¢1.5bn not enough – Aggrieved Gold Coast Fund Customers
The Aggrieved Gold Coast Fund Customers have expressed cautious optimism following the announcement of a GH¢1.5 billion bailout package for investors affected by the...
President Akufo-Addo commission’s $40 million bitumen plant
President Nana Addo Dankwa Akufo-Addo Thursday commissioned a 40-million-dollar bitumen processing plant in Tema.The plant, the biggest bitumen processing terminal in Ghana, is a...
Govt to release GHS1.5 billion securities bailout in three tranches
The government plans to release GHS1.5 billion in three tranches to affected securities investors as part of the 2019 licence revocation.According to the Securities...
Apple has officially discontinued these three iPhones
Apple has introduced four new iPhones at its “It’s Glowtime” event: the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro...
Meretweso community mining scheme launched; 3000 direct jobs created
As government revs up operations to combat the illegal mining menace and protect the country’s water and forest resources, it also continues to create...
Group urges government to ban import of ‘Broni w’awu’
A leading environmental group has called on the Ghanaian government to ban the importation of second hand clothing commonly referred to as "foss," "broni...
This is how SEC will share govt’s GH¢1.5 billion to affected investors
Government has approved the release of GH¢1.5 billion to bail out affected investors of defunct fund management companies, the Securities and Exchange Commission (SEC)...
Akufo-Addo urges Goil and SMB to maintain excellence
President Akufo-Addo has charged Goil PLC of Ghana and Société Multinationale de Bitumes (SMB) of Côte d'Ivoire, the two institutions that partnered to establish...
Ghana’s cocoa crisis deepens, 2024 half-year revenues crash by nearly $700 million
Ghana's cocoa export revenue has taken a devastating hit, plummeting by nearly $700 million in the first half of 2024.The ongoing impact of illegal...
GSE Fixed Income Market ends August 2024 with 236.02% increase in bond trading
The Ghana Stock Exchange’s (GSE) Fixed Income Market closed the month of August 2024 with a traded volume of 17.92 billion, a significant 236.02%...
COCOBOD is financially viable to purchase cocoa beans – Bryan Acheampong assures
Minister for Food and Agriculture, Bryan Acheampong, has firmly rejected claims that the Ghana Cocoa Board (COCOBOD) lacks the funds to purchase cocoa beans...
MobileMoney Limited celebrates 15 years with exciting promotions and big rewards
MobileMoney Limited (MTN MoMo) has introduced an exciting promotion for customers to celebrate its 15th anniversary. The promotion, called ‘Transact & Win’, will provide...
Delta Air Lines appoints Mary Gbobaniyi as Manager Sales – West Africa
Delta Air Lines is pleased to announce the appointment of Mary Gbobaniyi as the new Manager Sales- West Africa, effective immediately.In her new role,...
Gov’t increases producer price of cocoa for 2024/25 crop season
The government has increased the producer price of cocoa by 129.36% for the 2024/25 crop season.By this increment, a 64-kilogramme bag of cocoa has...
There is some uncertainty regarding inflation path for year – BoG
The Bank of Ghana (BoG) has expressed concerns about the uncertainty regarding the inflation path for the rest of the year, given recent exchange...
Government spent GH¢101.21bn in half-year 2024
Total expenditures including arrears clearance and discrepancy for the first half of 2024 was estimated at GH¢101.21 billion, the July 2024 Monetary Policy Report...
Inflation for August 2024 tumbles to 20.4%
The year-on-year inflation for the month of August has slowed marginally to 20.4% from 20.9% recorded in July.According to the Ghana Statistical Service, the...
Government will soon announce new cocoa price – NAPO to cocoa farmers
The running mate of the New Patriotic Party (NPP) flagbearer, Dr Matthew Opoku Prempeh, has assured cocoa farmers that the government will soon announce...
TAGG warns of price hikes amid cedi depreciation
The Trades Advocacy Group Ghana (TAGG) has expressed serious concerns over the rapid depreciation of the Ghanaian cedi against the US dollar, warning that...
Jospong Group seeks new opportunities for Ghana at forum on China-Africa Cooperation
A delegation from ace African conglomerate, Jospong Group of companies has participated in the recent Forum on China-Africa Cooperation (FOCAC) held in Beijing, China.The...
Demand pressure eases but cedi depreciates slowly; one dollar equals $16.35
The demand pressure on the Ghana cedi eased last week but the local currency continued to depreciate marginally.The cedi shed 1.21% to the dollar...
Apple unveils iPhone 16 designed for AI
Apple has officially taken the wraps off the iPhone 16, marking a major leap forward with its first-ever smartphone designed specifically to harness the...
T-bills target missed for 9th consecutive time
The government's efforts to meet its auction targets continue to be hampered by dampening liquidity in the money market, resulting in a shortfall of...
Government debunks reports of debt restructuring with local contractors
The Ministry of Finance has debunked claims suggesting that the government is engaging in debt restructuring with private banks and local contractors.
The Ministry in a...
Finance Ministry denies debt restructuring with local banks and contractors
The Ministry of Finance (MoF) has refuted claims of debt restructuring involving private banks and local contractors.This response follows recent publications alleging that the...
COCOBOD revises 2024/25 cocoa production target down by 19.8% due to unprecedented dry spell
The Ghana Cocoa Board (COCOBOD) says the new cocoa crop season which starts tomorrow, September 10, 2024 will be opened with its proposed self-financing...
T-bills auction: Gov’t target falls short again; interest rates up marginally
The government missed its target for treasury bills for the 9th week, as liquidity remained tight on the money market ahead of the December...
Government borrowing on domestic market too high – IEA
The Institute of Economic Affairs (IEA) has expressed worry about the aggressive borrowing by the government on the domestic debt market, especially from the...
Proposed energy sector merger could threaten electricity affordability – IES warns
The Institute for Energy Security (IES) has raised concerns about a draft bill proposing the merger of key energy institutions, including the Volta River...
MTN officials engage 3000 students at Youth Empowerment Summit in Tamale
MTN’s Corporate Communication Senior Manager, Georgina Asare Fiagbenu, and Senior Manager of API Partnerships at MTN Group Fintech, Ruth Badoo Bruce, were speakers at...
Top 10 African countries with the highest business bribery risks
How far would you go to secure a deal? For many businesses, the line between ethical practices and survival can become blurred when bribery...
OMC’s projects fuel price reduction from September 16, if…
Oil Marketing Companies (OMCs) are projecting some marginal reduction in fuel prices from September 16, 2024 if the Ghana cedi remains stable against the...
Over 100,000 acres of Cocoa farms destroyed by illegal mining – Farmers demand action
The Mankrom Cocoa Cooperative Farmers Association has raised alarm over the destruction of more than 100,000 acres of cocoa farms due to illegal mining...
Over 100,000 acres of cocoa farms destroyed by illegal mining – Farmers Association
The Mankrom Cocoa Cooperative Farmers Association has disclosed that illegal mining activities have destroyed over 100,000 acres of cocoa farms.The farmers expressed deep concern...
Ghana’s unemployment to remain at an average 4.0% in 2024 – Fitch Solutions
Unemployment in Ghana in 2024 would remain at an average 4.0% of the labour force, Fitch Solutions has stated.It is expected to be at...
Election year spending poses upside risk to stability of Cedi – Bank of Ghana
The Bank of Ghana (BoG) has indicated that their tight monetary policy and anticipated rate cuts in advanced economies are likely to ease pressure...
Cement prices won’t be capped, new LI to ensure fairness – KT Hammond
The Minister for Trade and Industry, K.T. Hammond, has clarified that the government does not intend to cap cement prices in the near future.His...