Alberta Nana Akyaa Akosa named South America’s Rally Mulheres do Agro Ambassador
Agribusiness advocate, intervener, initiator, and Founder of the Agrihouse Foundation, Alberta Nana Akyaa Akosa, has been honored as the first-ever African South America's Rally...
Exorbitant charges on imported goods to blame for bribery at borders – GUTA President
The President of the Ghana Union of Traders' Associations (GUTA), Joseph Obeng, is calling for a downward review of taxes on imported goods as...
UCS Facility MD honoured at National Governance and Business Leadership Awards
The Managing Director (MD) of UCS Facility Management Ghana Limited, Yaa Dansowaa Ampofo, has been recognised as the Exemplary Business Leader of the Year...
Banking industry’s NPLs surged to 24.1% in June 2024
The banking industry’s Non-Performing Loans (NPLs) ratio surged to 24.1% in June 2024, up from 18.7 percent in June 2023.According to the Bank of...
MoMo transactions drop in June despite increase in account registrations
The Bank of Ghana (BoG) has reported a notable decline in mobile money (MoMo) indicators for June 2024.According to data from the central bank,...
Ghana Business and Corporate Awards 2024: Nominations now open
The Ghana Business and Corporate Awards 2024 has officially opened its doors for nominations!This prestigious awards scheme, with the theme "Celebrating The Achievements Of...
Taxes straining Ghanaians, COVID-19 levy should be scrapped – Franklin Cudjoe
Founder and President of IMANI Africa, Franklin Cudjoe, has criticized the government for retaining the COVID-19 levy despite strong calls from the business community...
Ghana has not been prudent in borrowing – Bokpin
Professor of Finance at the University of Ghana, Godfred Bokpin, says the government has not demonstrated effective management of the funds it has borrowed...
GH¢10.5bn loss in 2023 not solely due to new head office construction – Bank of Ghana
The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of ₵10.5 billion...
MTN Ghana announces 80% completion of nationwide network upgrade
MTN Ghana today announced that it has completed 80% of its planned network upgrade across the country, which commenced in June 2024 and expected...
There has not been any payment on the LC – BOG on Spare part service contract
The Bank of Ghana (BoG) has clarified that it has not disbursed any payments related to the $34.9 million ambulance spare parts deal.This is...
Data prices likely to reduce by end of 2024 – NCA
The National Communication Authority (NCA) has assured the public that data prices will reduce by the last quarter of the year.This announcement follows widespread...
BoG defends continued new head office project amidst ₵10.5 billion Loss
The Bank of Ghana (BoG) has justified its decision to continue the construction of a new head office despite incurring a significant loss of...
Parliament approves first of numerous tax waivers previously blocked by Finance Committee
Parliament has approved the first in a series of tax waivers that had previously been blocked by the Finance Committee.The MP for Obuasi West...
Consumer, business confidence softens, but economic activity surges – BoG
Latest confidence surveys by the Bank of Ghana indicates some softening of consumer and business sentiments.These findings, according to the Bank of Ghana were...
Ghana reserves position remains strong; trade surplus increased to $1.805bn in June 2024
Ghana's gross international reserves position remained strong in the first half of 2024.According to the Bank of Ghana, the stock of Gross International Reserves...
Electrochem, Ada impasse: Committee condemns lawless activities against project
The Committee on Mines and Energy, and Lands and Forestry having thoroughly considered the submissions from all the stakeholders on the operations of Electrochem...
Herbert Krapa commissions largest rooftop solar in Africa
The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s single largest rooftop photovoltaic solar plant that produces 16.8 megawatts...
Government revises economic targets upwards for 2024
Government has revised the 2024 macroeconomic framework due to recent domestic and global economic developments, including the debt restructuring programme with external and domestic...
Government misses revenue target by 1.9% in first half of 2024
Finance Minister Dr Mohammed Amin Adam has disclosed that total revenue and grants for the first half of 2024 amounted to GH¢74.7 billion, below...
ECG suffers GH¢10.21bn loss in 2022
The Electricity Company of Ghana (ECG) suffered a GH¢10.21 billion loss in 2022, worse than the GH¢1.91 billion recorded in 2021.It represents more than...
High NPLs due to public sector workers absconding abroad – GHASALC
The Ghana Association of Savings and Loans Companies (GHASALC) has attributed the consistent increase in Non-Performing Loans (NPL) to public sector workers who take...
TOR, Sentuo can have deeper partnership – Herbert Krapa
The Minister of State at the Ministry of Energy, Herbert Krapa, has emphasised the need for a deeper partnership between the Tema Oil Refinery...
Ghana’s cocoa production to tumble below 500,000 metric tonnes this season – World Bank
Cocoa production will not exceed 500,000 metric tonnes in the 2023/2024 crop season due to the swollen-shoot disease, the World Bank has disclosed in...
Fitch Solutions maintains Ghana’s growth rate forecast for 2024 at 4.3%
Fitch Solutions has maintained its 2024 growth rate forecast for Ghana at 4.3%.This is far higher than the 2.9% projected by the International Monetary...
COVID-19 vaccines not for free – Finance Ministry justifies Covid levy imposition
The Minister of State at the Finance Ministry, Abena Osei Asare, has argued that the government will continue collecting the COVID-19 recovery levy to...
Ghana’s oil revenue increases to US$840m in first half of 2024
Ghana's oil revenue surged to $840 million in the first half of 2024, marking a 36% increase from the $540 million recorded in the...
It’s good government didn’t ask for more in budget review – Theo Acheampong
Economist and Political Risk Analyst, Dr Theo Acheampong has said it was good the government did not request additional funds in the supplementary mid-year...
Mid-year budget review: Stephen Amoah responds to Ato Forson’s criticism of Finance Ministry’s policiesÂ
Deputy Minister of Finance Dr Stephen Amoah has responded to Minority Leader Dr. Cassiel Ato Forson, who claimed that the Ministry lacked new ideas...
We want to see a stable cedi – GUTA President
The President of the Ghana Union of Traders' Associations (GUTA), Dr Joseph Obeng has said the association's primary concern is the stability of the...
GPHA dismisses ex-casual workers compensation claims
The Ghana Ports and Harbours Authority (GPHA) has stated that a group of former casual workers threatening a demonstration over alleged unpaid severance compensation...
MIIF targets 1000 Women in Engineering and STEM with mining scholarships
The Minerals Income and Investment Fund (MIIF) has launched a scholarship scheme aimed at educating 1000- women from mining communities in the country.The scholarship...
IMF programme has compelled government to reduce expenditure – Theo Acheampong
Economist Dr. Theo Acheampong acknowledges government's clear commitment in the Mid-year budget review to cut spending, influenced by the International Monetary Fund (IMF) programme.“Were...
We will revive Tema Oil Refinery — Herbert Krapa assures
Plans are far afoot for the Tema Oil Refinery (TOR) to secure a strategic partner within the next 90 days to commence full operations.To...
You did nothing to reverse negative trend; scrap the taxes – Ato Forson to government
Minority Leader, Dr. Cassiel Ato Forson, expressed dissatisfaction with the state of the economy as presented by Finance Minister, Dr. Mohammed Amin Adam during...
GH¢9.9billion spent on implementation of Free SHS Policy since 2017 – Finance minister
The Minister for Finance, Dr. Mohammed Amin Adam, has announced that the government has spent GH¢9.9 billion on the Free Senior High School (SHS)...
Ghana’s public debt hits GH¢742bn from GH₵658.6bn – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, has revealed that as of June this year, the provisional total debt of the central government amounted...
We’re living within our means – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has assured Ghanaians that the government is adhering to its budgetary limits.During the presentation of the mid-year budget...
Government revises some key macro targets in Mid-Year Budget
Government has announced some key revisions to the country’s macroeconomic fiscal targets for 2024.Presenting the Mid-year Budget in parliament on July 23, 2024, Finance...
Mid-year Budget Review: Government disburses GH¢5.4bn to boost LEAP, School Feeding, and NHIS programs
Government has allocated GH¢5.4 billion to bolster the Livelihood Empowerment Against Poverty (LEAP) program, the National Health Insurance Scheme (NHIS), and the school feeding...