Zenith Bank donates laptops, computers to KNUST, Ho Technical University
Zenith Bank (Ghana) Ltd has donated 20 laptops to the Kwame Nkrumah University of Science and Technology (KNUST) and 10 desktop computers to the...
Ghana to receive $2bn loan from Korea to enhance economic growth
A Deputy Finance Minister, Stephen Amoah has revealed that Ghana is expecting a US$2 billion concessionary loan from South Korea aimed at supporting the...
Government remains committed to fiscal discipline – Abena Osei Asare
The Minister of State at the Finance Ministry Abena Osei Asare has assured that government remains committed to fiscal prudence and discipline with its...
No economy can grow without embracing digitalisation – ECOWAS Resident Representative
ECOWAS Resident Representative in Ghana, Baba Gana Waki has underscored the critical role of digitalisation in the economic growth of member states.He said in...
COCOBOD CEO sets record straight on successes and challenges in Ghana’s cocoa sector [Listen]
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has set the record straight about the challenges and achievements during...
Attempts to introduce new taxes problematic – Lecturer
A lecturer of Finance and Economics at the University of Ghana, Dr Patrick Asuming, has advised the government to focus on improving the economy...
Facebook, Youtube, online trading companies must be taxed – Deputy Finance Minister
Deputy Finance Minister, Dr Alex Ampaabeng has advocated for the taxation of online trading companies to boost Ghana's economy.He emphasized that both local and...
Rising food prices: Minority questions impact of Planting for Food and Jobs
The Minority caucus in Parliament has expressed concern about rising food prices in the country, calling into question the effectiveness and impact of the...
We are very confident our second review will be approved by IMF – Dr Amin Adam
The Finance Minister Dr. Mohammed Amin Adam is hopeful the International Monetary Fund (IMF) will approve the third tranche funding support of $360 million...
Nation wreckers smuggling Ghana cocoa and selling to Russians in neighbouring countries – Cocobod CEO
Ghana Cocobod CEO Joseph Boahen Aidoo, has revealed a decrease in cocoa production in the first quarter of 2024 compared to last year, resulting...
Farmers are rising against galamsey – Cocobod CEO
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahene Aidoo, has highlighted that farmers are increasingly opposing galamsey because they see...
May 2024 inflation declines marginally to 23.1%
Inflation for May 2024 declined marginally to 23.1% from the 25.0% recorded in April 2024.According to the Ghana Statistical Service, food inflation recorded a...
We made GH₵2bn profit in 2022/2023 – Cocobod CEO reveals
The Chief Executive Officer of Cocoa Board (Cocobod), Joseph Boahen Aidoo, has revealed that his outfit has made a significant profit of over GH₵2...
There was no money when I assumed office in 2017 – Cocobod CEO
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has said he faced significant financial challenges when he assumed office in...
Exclusive: Ghana to delay more cocoa deliveries as supply crisis worsens
The world’s second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to...
Cedi remains weak as cocoa export revenue drops by more than $500 million
Galamsey, climate issues, diseases, and smuggling activities compelled export revenue of cocoa to fall by more than $500 million in the first quarter of...
Ghana’s inflation to end 2024 at 20.9%, narrow to 11.1% in 2025 – AfDB
Ghana’s inflation is expected to end 2024 at 20.9%, the African Development Bank has revealed in its updated 2024 African Economic Outlook.This is higher...
Bond market: Turnover tumbled by 88.05%to GH¢18.51m
The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.The market turnover declined sharply by 88.05%...
Cedi depreciation slows down due to reduced foreign exchange demand; one dollar equals GH¢14.92
The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand.The...
Future of Ghana’s power sector bleak – ACEP warns
The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, has expressed concerns about the future security of Ghana’s power sector.Speaking...
T-bills: Government records 19.47% oversubscription; interest rates remain stable
The government saw a 19.4% oversubscription in its treasury bills auction, signalling a resurgence in demand for short-term instruments.According to the Bank of Ghana's...
Ghana, Mozambique to record joint fastest growth rate in furniture spending in SSA – Fitch Solutions
Ghana and Mozambique will record the joint fastest growth rate in furniture spending over the medium term, with the respective markets forecast to grow...
Cedi to end 2024 at GH¢15.91 to a dollar – Report
Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$.This, it said,...
Mining sector brings $4.2 billion back to Ghana, slightly exceeding 2022’s total
Mining companies repatriated over US$4.2 billion to Ghana. This represents a little over 1.4% of the value of repatriation done in 2022.This is according...
Ghana’s gold production rises to 4m ounces in 2023
Ghana’s gold production rose 8.3 per cent to 4 million ounces in 2023 compared to 3.7 million ounces the previous year, data from the...
Galamsey is the cause of high cost of vegetables – GAWU
The General Agricultural Workers Union (GAWU) has said the severe shortage of vegetables and its resultant hike in prices are due to illegal mining...
NPRA vows swift action on ILO Report concerns over SSNIT
The CEO of the National Pensions Regulatory Authority (NPRA) has assured contributors that despite projections in the recent International Labour Organisation (ILO) report on...
Businesses urged to leverage AI tools to maintain operations in uncertain times
A Senior Manager of risk advisory at Deloitte Ghana, Nina Korley, is urging businesses to leverage Artificial Intelligence tools to maintain their operations.According to...
Jospong Group Chairman advocates for stronger Ghana-South Korea business ties
The Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has emphasized the potential benefits for Ghana and Africa in their...
Bankers Association boss criticises inefficient leadership structures in SEOs
The President of the Ghana Association of Bankers (GAB), John Awuah, has voiced strong concerns about the inefficiency of leadership structures in state-owned enterprises.Specifically,...
Ghana, Korea sign $2bn deal to drive development agenda
Ghana has secured a major financial boost for its development aspirations, inking a $2 billion framework arrangement with South Korea's Economic Development Cooperation Fund...
Cement prices surge to GH¢108 despite Trade Minister’s directive
Despite a ministerial directive to the Cement Manufacturing Development Committee in Ghana (CMDCG), cement prices continue to rise, wreaking havoc in the real estate...
Liquidity in banks remain satisfactory – BoG
Despite the adverse macroeconomic developments, and the negative effect of the Domestic Debt Exchange Programme, liquidity in the banks remained satisfactory.According to the 2023...
Gold exports in 2023 surged to $7.60bn, but crude oil and cocoa exports tumble – BoG
Gold exports in 2023 amounted to $7.60 billion, representing a year-on-year increase of 15.0%.This is mainly due to a 9.2% increase in the volume...
We haven’t had a market share for a year now – PBC MD
Managing Director of the Produce Buying Company (PBC), Derek Kwaku Nkansah, has disclosed that the company has not held any market share for the...
New tech startup for job seekers ‘Adjuma’ to go fully online in Ghana
Adjuma, a talent and employer networking platform set to become the premier talent and employer jobs network in Ghana, is scheduled for a full...
Businesses have lost over 56% of their working capital in 6 months – GUTA
Businesses in Ghana have experienced a drastic reduction in their working capital, losing over 56 percent in just six months due to the deteriorating...
GSE records 4 top price gainers in May; T-bills accounted for 74% of volumes traded on GFIM
The Ghana Stock Exchange recorded four top price gainers in May 2024.According to the Summary of May 2024 Market Activities, the top price gainers...
COPEC blames fuel price increases on adjustment in UPPF margin
The Chamber of Petroleum Consumers Ghana (COPEC) has expressed disappointment in the National Petroleum Authority (NPA) for increasing the Unified Petroleum Price Fund (UPPF)...
Fuel price increase: a litre of petrol, diesel selling at GH₵14.84
Some Oil Marketing Companies have started increasing the prices of petroleum products at the pumps.Shell is selling a litre of petrol and diesel at...