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...
Ghana’s inflation hits six-month high driven by rising food prices
Ghana’s annual inflation rate rose to 23 percent in November, reaching a six-month high as food prices continued to surge, the Ghana Statistical Service...
London court set to decide on GRA’s $400m tax dispute with Tullow Oil
Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing...
Good news for canoe fishermen [Listen]
The Greater Accra Regional Minister, Daniel Nii Kwartei Titus-Glover, has commended Vice President Dr. Mahamudu Bawumia for introducing a solar-powered outboard motor to address...
Parliamentary deadlock halts $300M World Bank disbursement for Ghana
The government has acknowledged that the ongoing parliamentary impasse has stalled the disbursement of $300 million in World Bank funding, part of a broader...
United States provides $3million to support farmers and healthcare in Northern Ghana
The United States, through the U.S. Agency for International Development (USAID), has announced a $3 million (over 48 million Ghanaian cedis) package to assist...
December pricing window begins with marginal fuel price hikes
Some Oil Marketing Companies (OMCs) have begun marginally increasing fuel prices as the first pricing window for December takes effect.Shell has taken the lead,...
Ghana’s fiscal performance on track to achieve primary surplus of 0.5% of GDP – IMF
The International Monetary Fund (IMF) has revealed that Ghana’s fiscal performance is on track to achieve a primary surplus of half percent of Gross...
Bawumia to remove taxes on mobile phones to make them cheaper
The Vice President and New Patriotic Party (NPP) presidential candidate, Dr. Mahamudu Bawumia, has reaffirmed his commitment to remove taxes on mobile phones to...
Tenure of SSNIT Board extended to Jan 6
The Minister for Employment, Labour Relations, and Pensions, Ignatius Baffour Awuah, has extended the tenure of the current Board of Trustees of the Social...
Agri-Impact group board of directors holds strategic meeting to review progress and future Plans
The Board of Directors of Agri-Impact Group Limited convened for its annual meeting last week at the Peninsula Resort in Akosombo, located in the...
Total value of mobile money transactions hit GH¢2.368trn in October 2024
Data from the Bank of Ghana has revealed that the total value of mobile money transactions hit a record GH¢2.368 trillion in the 10...
Domestic economy remains stable – BoG
The Bank of Ghana has indicated that domestic macroeconomic conditions remain stable.According to the Bank of Ghana, data observed through October 2024 indicated broad...
Ras Mubarak sues MTN Ghana for $5m over roaming service failure
Former Kumbungu Member of Parliament, Abdulai Mohammed Mubarak, popularly known as Ras Mubarak, has filed a lawsuit against Scancom PLC, operators of MTN Ghana,...
Tax cuts are appealing, but could deepen economic challenges – Analyst cautions incoming gov’t
A Manager of Macroeconomic Research at Ghana Commercial Bank PLC, Courage Boti, has called for a cautious approach to tax cut expectations as a...
Ghana’s trade surplus hits $3.8bn by October 2024
Ghana recorded a remarkable trade surplus of $3.8 billion by the end of October 2024, as reported in the Bank of Ghana's November 2024...
Secured Loans: Greater Accra accounts for 62.8% of total loans; GCB records highest at 16.4%
The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions in the 3rd quarter of 2024 was concentrated in the Greater...
MGA consulting wins overall best business promotion and consultancy sector award
MGA Consulting Ghana Limited, a rapidly growing management consultancy firm, has been honoured with the Overall Best Business Promotion & Consultancy Sector Award at...
Elmina residents threaten gov’t with the wrath of their gods over collapse of Nduom’s businesses
Some residents of Elmina in the Komenda Edina Eguafo Abirem (KEEA) Municipality of the Central Region have issued a stern one-week ultimatum to the...
95,340 collateral registrations recorded in quarter 3, 2024 – BOG
The total number of collateral registrations recorded for Q3 2024 was 95,340, as revealed by the Bank of Ghana in its Quarterly Collateral Registry...
Gov’t boosts Agriculture through Economic Enclave Programme
The government has intensified efforts to revitalize the agricultural sector through the Economic Enclave Programme under the Ghana CARES initiative.In the Greater Accra Region,...
Total value of secured loans granted by banks, SDIs hits GH¢5.6b in Q3, 2024
The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions (SDIs) in the third quarter of 2024 was GH¢5.6 billion.This is...
Thousands of job opportunities opened for the youth under Ghana’s Petroleum Hub Project – CEO
The Chief Executive Officer (CEO) of the Petroleum Hub Development Corporation, Charles Owusu, has announced that thousands of job opportunities will be created for...
Ghana Link recognized for revolutionary trade technology solutions
In a remarkable showcase of African technological leadership, Ghana Link Network Services Ltd. dominated the prestigious World Business Leaders Congress 2024 in Dubai, with...
Ghana and Seychelles sign two agreements
Ghana and Seychelles have signed a Bilateral Air Service Agreement (BASA) and a Memorandum of Understanding (MoU) to strengthen their bilateral relationship.The MOU is...
PMMC, a state agency that puts Ghana’s gold on top of Africa and the world
Established in 1963, PMMC was mandated to purchase and market Ghana’s gold and diamond resources. In 1965, the Parliament of Ghana formally endorsed PMMC...
Ghana’s economy has recovered strongly – Amin Adam
Finance Minister, Dr. Mohammed Amin Adams, has announced that the nation’s economy has fully rebounded from recent challenges.Speaking at a rally in Saboba in...
Insurance penetration rate in Ghana to remain around 1.0% – Deloitte
The insurance penetration rate in Ghana is expected to hover around 1.0% in 2024, according to Deloitte’s Africa Insurance Outlook 2024.However, insurance penetration in...
Cedi’s recovery continues; one cedi going for GH¢16.70
The Ghana cedi continued its revival for the second consecutive week, supported by increased liquidity from the Bank of Ghana.This follows the Central Bank’s...
Bond Market: Turnover soars by 13.14 percentage points on offshore investor boost
Turnover in the secondary bond market rose last week to GH¢1.12 billion, up from GH¢991 million recorded in the previous week.General category bonds made...
Tema Tank Farm celebrates a major safety milestone
Tema Tank Farm (TTF), Ghana’s leading privately-owned petroleum depot in the country, has celebrated its 2,000 days without lost time injury (LTI).This is the...
Ghana to face liquidity pressures in 2025, 2026 despite restructuring most of its debt – Fitch
Despite restructuring most of its debt, Fitch Ratings has warned that Ghana will face significant liquidity pressures going into next year and 2026.According to...
T-Bill Auction: Government misses target again; interest rates continue to rise
The government missed its treasury bills target once again by 7.0%.According to auction results from the Bank of Ghana, the government raised GH¢6.413 billion,...
AOMC CEO urges struggling OMCs to merge for a stronger industry
The CEO of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong, has called on underperforming Oil Marketing Companies (OMCs) to consider merging...
BoG Governor calls for increased preparedness to respond to financial sector challenges
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has called for increased preparedness to anticipate, adapt, and respond to emerging challenges...
IMF board to disburse $360m to Ghana in December after third review
The International Monetary Fund (IMF) board is set to meet in early December and approve the disbursement of US$360 million to Ghana.This will be...