World Bank set to disburse $1bn to Ghana to help stabilise economy
The World Bank is planning to disburse US$1 billion over the next 12 years to help in stabilising Ghana’s economy, and support private businesses.This...
Prices of petrol, diesel and LPG to remain stable – IES
The prices of petroleum products will remain stable on the local fuel market for the second half of August 2024, the Institute for Energy...
Akufo-Addo vows to mitigate impact of severe drought on Northern farmers
President Nana Addo Dankwa Akufo-Addo has pledged to take decisive action to alleviate the devastating effects of the severe dry season that has plagued...
Food shortage looms as lack of rains in Northern Region threaten food sufficiency
The Peasant Farmers Association of Ghana (PFAC) has warned that the current drought in Northern Ghana could lead to a food shortage if the...
24-hour economy achievable if government is committed – Economist Nii Moi Thompson
A renowned economist, Dr Nii Moi Thompson, has highlighted some strategies that can be adopted to make the 24-hour economy feasible.This comes after the...
Accra Mall, West Hills Mall taken over by South African firm in new deal
The Accra Mall, West Hills Mall and Kumasi City Mall have been taken over by a South African real estate investment firm, Lango.This follows...
The People’s Forum: Kaneshie market sellers lament constant price fluctuations
Traders and consumers at the Kaneshie Market in Accra have expressed frustration over the persistent rise in food prices, blaming it on factors beyond...
Success of new GSA Law depends on industry collaboration – CEO
The CEO of the Ghana Shipping Authority (GSA), Kwesi Baffour Sarpong, has emphasised that the success of the amended Ghana Shippers’ Authority Law hinges...
We will maintain tight monetary policy stance until inflation is firmly declining – BoG
The Bank of Ghana has expressed its commitment to maintain a sufficiently tight monetary policy stance until inflation is on a firmly declining path.In...
Ghana ranks 8th in Africa for economic stability and investment climate – RMB Report 2024
Ghana has been ranked in the 8th for economic stability and investment climate in Africa, according to the 2024 “Where to Invest in Africa”...
Light fishing persists after observing closed season
The use of light for fishing is part of illegal, unregulated, and unreported fishing practices prohibited under Ghana's laws.Section 11 of the Fisheries Regulations...
Inflation continues downward trend, reaches 20.9% in July
Ghana's consumer inflation has continued to decline, reaching 20.9% year-on-year in July, marking the fourth straight month of reduction.This represents a 2.1 percentage point...
Excessive tax exemptions eroding Ghana’s revenue potential – World Bank
The World Bank has expressed concern about the significant impact of tax exemptions on Ghana's revenue generation capabilities.The institution noted that, Ghana's tax system...
Deloitte commends govt’s decision to maintain tax levels
The government’s decision to maintain current tax levels in the Mid-Year Budget Review offers some relief to businesses and individuals, according to Deloitte Ghana’s...
ECG disconnects Kejetia Market again over GH¢7m debt
The Kumasi City Market, commonly known as the New Kejetia Market, has been disconnected from the national grid by the Electricity Company of Ghana...
Cocoa farmers kick against pension scheme modalities
Members of the Assinman Co-operative Cocoa Farmers and Marketing Limited have expressed strong opposition to the current modalities of the Cocoa Farmers Pension Scheme,...
Tax treatment of retirement funds in Ghana among most generous – World Bank
The tax treatment of retirement funds in Ghana is among the most generous in the world, depriving the government of significant revenues, the World...
Bond market: Total turnover dropped by 41.77% to GH¢881m
Trading volumes in the Ghanaian secondary bond market decreased by 41.77% to GH¢881 million in the week under review.This is compared to GH¢1.5 billion...
Upper East regional staff of NPA honours Dr Abdul-Hamid for his leadership
The staff of the Upper East regional office of the National Petroleum Authority (NPA) has honoured the Chief Executive Officer, Dr Mustapha Abdul-Hamid, for...
International Youth Day: Agri-Impact Limited CEO calls for increased investment in the youth
The Chief Executive Officer of the multinational agribusiness firm, Agri-Impact Limited, Daniel Fahene Acquaye, has called for increased investment in the youth of Ghana...
Cedi continues relative stability; one dollar going for GH¢15.87
The Ghana cedi remained relatively stable for the most part of last week, buoyed by a $10 million Bank of Ghana’s spot market support.However,...
Gold for Oil policy still on track – BoG
The Bank of Ghana (BoG) has affirmed that the government's Gold for Oil policy is progressing as planned.This initiative was introduced to address Ghana's...
Gold Fields to buy Canadian miner Osisko in $1.57bn cash deal
Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after a rival offer scuppered...
Mahama pledges alternatives to controversial betting tax
Former President, John Mahama has pledged to explore alternatives to the contentious betting tax as part of his campaign strategy for the upcoming elections.Addressing...
eTranzact Ghana appoints Rev. Prof. Paul Frimpong-Manso as Board Chair
eTranzact Ghana Limited, a leading provider of innovative payment technology solutions, has announced the appointment of Rev. Prof. Paul Frimpong-Manso as its new Board...
COCOBOD sets record straight on loan default
The Ghana Cocoa Board (COCOBOD) has addressed inaccuracies regarding the repayment of a GH¢1.99 billion cocoa bill arranged between 2010 and 2013.In a statement,...
T-bills: Govt misses target for 5th consecutive week
The government has once again missed its target for the sale of short-term instruments to domestic investors, falling short by approximately GH¢1,257.90 million.According to...
Jamestown fishermen demand inclusion in $60m Harbor project
Fishermen in Jamestown have expressed urgent concerns about their exclusion in the soon-to-be-commissioned fishing harbour.Despite government assurances that they will be included in the...
COCOBOD invests ¢943m in cocoa rehabilitation, confident of producing 800k tons next year
The Ghana Cocoa Board (COCOBOD) has invested almost a billion cedis last year to rehabilitate aged cocoa farms and those ravaged by swollen shoot...
MASLOC honoured for championing business sustainability, CEO wins the ultimate woman of the year
In an evening of glitz, celebration and recognition at the fourth edition of the National Business Honours 2024 held at the Marriott Hotel in...
Eni Ghana workers suspect foul play in the unitisation of Afina project
Hundreds of workers of Eni Ghana Exploration and Production Ltd have expressed disquiet over the seeming foul play in the unitisation of the Afina discovery...
Ghana to rely on T-bills, multilateral and bilateral lenders for financing until 2027
Due to a lack of access to the international market, the government’s financing during 2024-2026 is expected to be limited to multilateral and bilateral...
LPG marketing companies halt business with Quantum and Blue Ocean depots in Tema
The Liquefied Petroleum Gas Marketing Companies (LPGMCs) have officially notified the Gas Tanker Drivers Association of their immediate decision to cease business relations with...
Government to borrow GH¢78bn via T-bills in quarter 3, 2024
The government plans to borrow GH¢78.441 billion from the money market in the third quarter of 2024.Out of that, GH¢53.807 billion will be used...
Continued investment key to sustaining hospitality gains in Ghana – Yusuf Olela
The Group General Manager of Alisa Hotels, Yusuf Olela has underscored the need for a continuous investment in hospitality to bolster the industry and...
Implementation of cocoa farmers’ pension scheme deductions takes off in 3 districts
The Ghana Cocoa Board (COCOBOD) has begun a pilot program for deducting cocoa farmers' contributions to the Cocoa Farmers Pension Scheme.The pilot program has...
Banks demand publication of businesses sanctioned by BoG for issuing dud cheques
The Ghana Association of Banks (GAB) is demanding the publication of all businesses and individuals sanctioned by the Bank of Ghana (BoG) over the...
Ministry of Finance announces measures to address debt crisis and reduce borrowing
The Ministry of Finance, following the recent domestic debt restructuring and ongoing negotiations with international creditors, has implemented strategies to stabilise the economy.Deputy Minister...
Business has been slow after BoG directive to check Ghana Card – Forex Bureaux Association
The Ghana Association of Forex Bureaux says their operations have slowed down in recent times after the Bank of Ghana (BoG) gave a directive...
Bawumia proposes anchoring Cedi to Gold for long-term stability
Vice President, Dr Mahamudu Bawumia has unveiled plans to stabilize the cedi by anchoring its value to gold, a move aimed at mitigating currency...