Government borrowed GH¢115.77bn in half-year 2024, but interest rates declined sharply
The government borrowed GH¢115.77 billion from the treasury market in the first-half of 2024, representing a 70.22% increase over the same period last year.During...
Bond market: Turnover surged by 67.63% to GH¢1.5bn
Ghana's secondary bond market rebounded with a 67.63% increase in turnover from the previous week.The February 2027 and February 2033 maturities dominated trading. This...
Gov’t plans to sell Komenda sugar factory – Former Board member alleges
A former member of the Komenda Sugar Project Management Board, Ransford Vanni Amoah, has accused the government of deliberately devaluing the Komenda Sugar Factory...
Collapse SIGA; it is a wasting enterprise – Franklin Cudjoe [Audio]
Founding President of IMANI Africa, Franklin Cudjoe, has called for the urgent dissolution of the State Interest and Governance Authority (SIGA).He argued that SIGA...
Cedi to gain some respite against dollar this week; one dollar equals GH¢15.87
The Ghana cedi is expected to gain some respite against the US dollar this week following the weakening American greenback as there is a...
Govt’s decision to lease Komenda Sugar Factory reveals inability to manage – Franklin Cudjoe [Listen]
Founding President of IMANI Africa, Franklin Cudjoe, has reacted to the government's decision to lease the Komenda Sugar Factory.In his view, the move demonstrates...
Murtala Mohammed blames NPP for Komenda sugar factory deterioration [Audio]
Former Deputy Trade Minister, Murtala Mohammed has stated that the ruling New Patriotic Party (NPP) is responsible for the deterioration of the Komenda Sugar...
Inflation expected to reach 15% by end of 2024 – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has projected that Ghana’s inflation rate will reach 15% by the end of 2024.During a town hall meeting...
ISSER urges targeted support for SMEs to boost value addition in key sectors
The Institute of Statistical, Social and Economic Research (ISSER) has called for targeted financial support for small and medium-sized enterprises (SMEs) in Ghana to...
Current economic hardships due to DDEP; forgive us – Amin Adam
The Minister of Finance, Dr. Mohammed Amin Adam, has apologized to Ghanaians for the hardships caused by the Domestic Debt Exchange Programme (DDEP).This apology...
Trade Minister clarifies Komenda Sugar Factory lease agreement [Listen]
The Minister of Trade and Industry, Kobina Tahir Hammond has said the India-based firm set to take over the Komenda Sugar Factory on a...
Komenda protest: Convenor questions credibility of firm leasing sugar factory
The convenor for the Concerned Citizens of Komenda Traditional Area, Samuel Awudza has described the decision to lease the Komenda Sugar Factory to West...
Sugar Cane farmers issue ultimatum to gov’t over semi-refined sugar imports
The National Executives of Sugar Cane out-growers, have issued a one-week ultimatum to the government to engage their members regarding the procurement of their...
Over 600 farmers in Nkwanta South receive fertilizers, ammonia, urea under gov’t PFJ II
In a significant boost to make farming more attractive, the Ministry of Food and Agriculture (MoFA) has distributed fertilizers, ammonia, urea, and improved seeds...
GEA and partners announce grant to support 450 MSMEs
The Ghana Enterprises Agency (GEA), Ministry of Trade and Industry (MOTI), Ministry of Finance (MOF), National Entrepreneurship Innovation Programme (NEIP), and other key stakeholders...
Revamp economic financing to halt cedi depreciation – Economist
Economist, Patrick Asuming has suggested that the government revamp economic financing to halt cedi depreciation.In an interview on Joy FM's Midday News on Tuesday, August 6,...
BoG sanctions 47 individuals, 245 business entities for issuing dud cheques
The Bank of Ghana has imposed sanctions on 47 individuals and 245 business entities for issuing dud cheques.In a statement released on August 6,...
BoG to cut policy rate to 27% by end-2024 – Fitch Solutions
Fitch Solutions has indicated that the Bank of Ghana (BoG) will cut its benchmark policy rate by 200 basis points (bps) to 27.00% by...
Inflation to end year at 19.3%–21.3% – Report
Research firm, IC Research is raising its 2024 annual inflation forecast by 340 basis points to between 19.3% and 21.3%.This is due to the...
Clamp down unregistered and unregulated businesses affecting exchange rate – ISSER tells BoG
The Institute of Statistical Social and Economic Research (ISSER) is advising the Bank of Ghana to assess the informal forex market and close all...
Loan default: COCOBOD responds to Adom News questions
Ghana's number one radio and TV station, Adom FM/TV reached out to Ghana Cocoa Board (COCOBOD) to explain why it has consistently defaulted on...
COCOBOD refutes claims of consistent loan defaults
The Ghana Cocoa Board (COCOBOD) has responded to claims of consistent default on its loans, clarifying its financial obligations and repayment status.According to COCOBOD,...
Why business are collapsing, relocating – ISSER reveals
The depreciation of the Ghanaian Cedi has significantly impacted the country's economic landscape, leading to labour agitations, the collapse of some businesses, and the...
Fisherfolks in James Town experience bumper catch
Fisher folks in James Town, an indigenous Ga fishing town in the city of Accra have been experiencing bumper catch after the ban on...
MTN’s half year revenue hits ₵8.1bn, representing 31.1% jump
Telecommunications company MTN Ghana has recorded an increase in revenue of ₵8.1 billion for the first half of 2024.This represents a 31.1 percent jump...
Fitch projects low risk of policy deviation ahead of 2024 elections
Despite historical trends of fiscal slippages during election years, ratings agency Fitch is projecting a low risk of policy deviation ahead of the December...
Mahama promises to establish farmer service centres
A future NDC government led by John Dramani Mahama is expected to create Farmer Service Centers across the country to offer support to growers.This...
Access Bank named Ghana’s best bank for ESG in 2024
Access Bank (Ghana) Plc has been adjudged Ghana’s Best Bank in Environmental, Social, and Governance (ESG) at the 2024 Euromoney Banking Awards for Excellence...
Parliament unaware of plans to lease Komenda Sugar Factory – Yussif Sulemana
The Ranking Member on the Trade and Industry Committee of Parliament and Member of Parliament for Bole Bamboi, Yusif Sulemana, has raised concerns about...
Warnings about fate of Ghana’s economy post IMF programme legitimate – Vish Ashiagbor
The Country Senior Partner at Price Water House Coopers (PwC) Ghana Vish Ashiagbor has justified the concerns expressed by some Ghanaians about the fate...
Komenda residents threaten to protest over proposed Sugar Factory lease
Residents of Komenda in the Central Region have vowed to protest against the government’s plan to lease the Komenda Sugar Factory to a private...
Ghana Link’s executives shine at National Governance & Business Leadership awards
Ghana Link Network Services Limited, a leading trade facilitation company, made a strong showing at the 4th National Governance & Business Leadership Awards, with...
Ghana Shippers Authority engages trade Associations on new law implementation
The Ghana Shippers Authority has held a stakeholder engagement with a cross-section of trade Associations to discuss the operational framework of the newly passed...
Fuel prices drop by 2 percent; petrol at ₵14.2, diesel ₵13. 65 a litre
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products in line with expected adjustments at the pumps.Star Oil has taken the...
Nkwanta Thursdays market opens
In a significant boost to the local economy, the Nkwanta South market in the Oti Region has officially opened its doors for an additional...
Gold exports to hit US$10bn by end of 2024 – Minerals Commission CEO
Gold exports jumped to a record gold in the first half of 2024.According to the Chief Executive Officer of the Minerals Commission, Martin Ayisi...
MTN records GH¢2.33bn profit, subscribers hit 28.4 million
MTN Ghana recorded a profit of GH¢2.33 billion in the first half of 2024, about a 36% year-on-year increase.According to its unaudited financial statement,...
MTN Ghana calls for collaboration amongst SMEs and key players
MTN Ghana, in partnership with Keynote Africa, organised the 2024 Africa Business Innovation Forum, which brought together small and medium-sized enterprises (SMEs) to discuss...
Akufo-Addo inaugurates GNPC Operational Headquarters in Takoradi
In a landmark event that signifies a monumental step forward for Ghana’s oil and gas industry, President Nana Akufo-Addo officially commissioned the new Operational...
Ghana Shippers’ Authority Bill, 2024, approved by Parliament
Parliament has successfully passed the Ghana Shippers' Authority Bill, 2024, into law following its third reading on the floor of the House on Monday,...