SML owes GRA GH¢31.88m tax – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday has revealed that Strategic Mobilisation Ghana Limited (SML) owes the Ghana Revenue Authority (GRA)...
Ghana retains 10th position with lowest fuel price in Africa
Despite the cedi's depreciation to the US dollar, Ghana retained its 10th position with the lowest fuel price in Africa in May 2024, GlobalPetrolPrices.com has revealed.Accordingly,...
Oil marketing companies to hold crunch meeting with tanker drivers today
The Association of Oil Marketing Companies (AOMC) says it will hold a crunch meeting with the Ghana National Petroleum Tanker Drivers Union (GNPTDU) today...
I pledge to boost GRA’s revenue, maintain business-friendly approach – Joe Ghartey
The newly appointed Board Chair of the Ghana Revenue Authority (GRA), Joe Ghartey, has committed to diligently working towards achieving the government’s revenue targets...
Some key findings in KPMG audit report on GRA-SML deal
President Akufo-Addo has released the full report on the KPMG audit on the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited...
Ghana faces oil depletion in 15 years if production decline persists
The Co-chair of the Ghana Extractive Industry Transparency Initiative has revealed that Ghana’s oil fields are peaking, leading to a decline in crude oil...
Kenyan President Ruto makes historic US state visit: First African leader in 15 Years
Kenyan President William Ruto will become the first African leader in more than 15 years to make an official state visit to the US.
This...
Full report of KPMG audit on GRA-SML contract
President Akufo-Addo has released the full report on the KPMG audit on the controversial contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation...
Tanker drivers’ strike must be resolved immediately to avert fuel shortage – AOMC
The Association of Oil Marketing Companies (AOMC) has expressed deep concern regarding the strike action by the Ghana National Petroleum Tanker Drivers Union (GNPTDU)...
Govt’s excessive borrowing driving banks into fiscal struggles – Dr. Atuahene
A banking consultant, Dr. Richmond Atuahene, has raised alarm regarding the government's extensive borrowing practices.He said these actions are not only eroding the financial...
Ghana’s crude oil production in decline
Ghana's crude oil production saw a decrease of 6.78% in 2023, contributing to an average annual decline of 9.2% over the past four years,...
Joint taskforce seizes 3 trucks of smuggled vegetable oil in Accra
A joint task force, led by the Tree Crop Development Authority (TCDA), has intercepted three Man Diesel cargo trucks containing smuggled cooking oil at...
Cedi fall: Abossey Okai spare parts dealers to increase prices
The Abossey Okai Spare Parts Dealers Association has announced a potential price increase starting next week due to the depreciation of the cedi.Customers should...
Public officials shouldn’t go anywhere near state assets being sold – Ablakwa
North Tongu MP Samuel Okudzeto Ablakwa has accused Agriculture Minister Bryan Acheampong of violating the constitution and abusing his power as a state official.He...
TUC presses for increased power on SSNIT board to oppose Bryan Acheampong, other deals
The Trades Union Congress (TUC) has advocated for a majority of representation on the Social Security and National Insurance Trust (SSNIT) Board to exert...
Crude oil production dropped from 71.44m to 48.25m barrels in 2023 – PIAC Report
A report by the Public Interest and Accountability Committee (PIAC) has said that crude oil production in Ghana declined for the fourth consecutive year...
Improve energy sector governance to address power challenges – IMF to Ghana
The International Monetary Fund (IMF) has urged Ghana’s government to improve the country’s energy sector governance architecture to address the challenges that have contributed...
Bond market: Total market turnover rebounds to GH¢762.41m
Trading activity on the secondary bond market activity more than doubled in last week’s sessions.The total volume of transactions increased by 2.48 week-on-week to...
BoG grants Zeepay approval for outbound money transfer
Fintech business Zeepay, has secured regulatory approval from the Bank of Ghana for its outbound money transfer service.This service enables cross-border payments from Ghana...
NPA increases price floor for diesel to GH₵13.15; petrol reduced to GH₵13.60
The National Petroleum Authority (NPA) has announced new price floor for oil marketing companies and other players selling petroleum products from May 15 to...
Government defends proposed tax on big tech revenues
The Ghanaian government has justified its proposed tax on revenues generated by large technology firms such as Google, YouTube, and Facebook within the country.This...
IEA outlines measures to stabilise Ghana’s “bleeding” cedi
The Institute of Economic Affairs (IEA) has proposed several strategies to stabilize the depreciation of the Cedi.They stressed the need for immediate and concurrent...
Directive to halt cement prices in bad taste; will be difficult to implement – Gov’t told
The Executive Secretary of the Ghana Real Estate Development Association (GREDA), has downplayed the feasibility of the government’s directive for the reversal of cement...
Cement prices: Just don’t sit and issue directives – GREDA Executive Secretary to gov’t
The Executive Secretary of the Ghana Real Estate Development Association (GREDA), Sammy Amegayibor urged the government to be proactive in handling the recent cement...
Minority demands forensic audit of World Bank, GARID operations
The Member of Parliament for Ho West, Emmanuel Kwasi Bedzrah, has called for a forensic audit into the operations of the World Bank’s country...
Faulty undersea cables fixed; Telcos call for better cable infrastructure protection
Following the recent repair of undersea cables that disrupted internet connectivity in March 2024, stakeholders are urging the government to strengthen the protection of...
PETROSOL appoints former CEO of VALCO as its Board Chairman
PETROSOL has appointed Daniel Acheampong, a distinguished corporate leader and former Chief Executive Officer of Volta Aluminium Company Ltd (VALCO), as its Board Chairman.He...
We make less than GH₵2 profit on a bag of cement – Distributors
The Chairman of the Association of Cement Distributors, Alhaji Abdul Razak Yahaya has expressed worry over the recent price hikes in cement products.Alhaji Razak...
AfDB warns about high level of debt facing African countries
The African Development Bank (AfDB) is warning about the higher level of debt that African countries are carrying even before the onset of the...
Minority rejects govt’s call to halt cement price hikes
The Minority in Parliament has dismissed the government's directive to halt the increase in cement prices, calling it unrealistic and unlawful.This follows a directive...
Central Bank completes first proof of concept as part of Project DESFT
The Bank of Ghana (BoG) has completed the first Proof Of Concept (POC) as part of Project Digital Economy Semi-Fungible Token (DESFT).It demonstrates the...
Govt will act to prevent cedi from depreciating to GH¢18 per dollar – Currency Analyst
Currency Analyst Collins Appiah has expressed confidence that the Ghanaian government will take measures to prevent the cedi from depreciating to GH¢18 against the...
Depreciating Cedi to erode projected fuel price reduction
Despite the global decline in petroleum prices, fuel consumers in Ghana are unlikely to reap the benefits of expected decreases at the pump.The rapid...
We don’t calculate customs duties in foreign currency – GRA clarifies
The Ghana Revenue Authority (GRA) has refuted claims that it computes customs duties in foreign currency, calling such allegations baseless and inaccurate.In a press...
Ghana Shippers’ Authority takes steps to reduce the cost of cargo clearance
The Ghana Shippers' Authority (GSA) has initiated processes to develop Unique Value prepositions tailored to various categories of shippers towards addressing the recurring issue...
Reverse immediately the increase in cement prices – Trade Minister to manufacturers
The Minister for Trade and Industry, Kobina Tahir Hammond, has ordered the Cement Manufacturing Development Committee (CMDC) to direct cement manufacturers in the country...
Conflicts in neighbouring countries threaten Ghana’s food security – Report
Ghana is considered an area of concern for food insecurity for the first time since the inception of the Global Report on Food Crisis...
NPA devises ways to stabilise price of gas
The National Petroleum Authority (NPA) has implemented strategies to eliminate huge jump in the price of Liquefied Petroleum Gas (LPG) due to the implementation...
Cedi depreciation shot up cement prices – COCMAG
The Chamber of Cement Manufacturers (COCMAG) has justified the recent price hikes in cement products.According to the chamber, the increase in the prices is...
Government’s revenue-mobilisation approach worsens inequality – Prof Bokpin
Economist, Professor Godfred Bokpin has urged a reconsideration of the government's revenue-raising strategies.According to him, the current approach exacerbates inequality among the general population.He...