Tyler Perry halts $800m studio expansion after being shocked by AI video generator
Tyler Perry has paused an $800m (£630m) expansion of his Atlanta studio complex after the release of OpenAI’s video generator Sora and warned that...
Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso combined
Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise.It hits 23.5%, making it one...
It’s incorrect to say we’re playing soft with Sentuo Oil Refinery – NPA replies IES, COPEC
The National Petroleum Authority (NPA) has described as incorrect statements by the Institute of Energy Security (IES) and the Chamber for Petroleum Consumers (COPEC)...
KPMG to submit its audit report of GRA/SML contract today
KPMG is set to deliver its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) to...
Onion Sellers Association allays fears of price hikes
The Onion Sellers Association of Ghana has allayed concerns about a rise in onion prices because of Niger’s withdrawal from the Economic Community of...
Sub-standard fuel: NPA suspends license of Sentuo Oil Refinery for sale of inferior products
The National Petroleum Authority (NPA) has suspended the approval given to Chinese company, Sentuo Oil Refinery to sell some finished petroleum products on the...
COCOBOD’s ¢2 billion loss in 2021 attributed to price decline on international market
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, says the GH¢2 billion loss to the Board in 2021 was...
Govt generated GH¢1.19 billion from E-levy in 2023 – John Kumah
The Deputy Minister of Finance, Dr. John Kumah, has revealed that government got GH¢1.19 billion in revenue from the E-levy in 2023.Addressing concerns over...
BoG, DBG sign MoU to commission study on “Innovative Financing for MSMEs in Ghana”
The Bank of Ghana has signed a Memorandum of Understanding (MoU) with the Development Bank Ghana (DBG) to commission a study on “Innovative Financing...
SML contract shoots GRA’s revenue in petroleum downstream to over GH¢12bn
Details emerging from the contract between Strategic Mobilisation Ghana Limited (SML) and the Ghana Revenue Authority (GRA) have revealed positive outcomes for the country's...
COPEC and IES demand shut down of Sentuo Refinery, probe by OSP
The Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) have called on the National Petroleum Authority (NPA) as a matter...
Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%
The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher...
9 in 10 working Ghanaians dissatisfied with their financial situation – Old Mutual 2023 Report
A recent study conducted by Old Mutual has revealed a concerning trend in Ghana's financial landscape: a significant portion of working Ghanaians are not...
COCOBOD loses over 150 thousand metric tonnes of cocoa to smuggling
Ghana Cocoa Board has revealed to Parliament’s Public Accounts Committee that the company has lost over 150 thousand metric tonnes of cocoa beans to...
Cedi loses 3.66% to dollar since January 1; one dollar equals GH¢12.75
The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024.The local currency lost ground last week...
We will be in a dire situation if we fail to meet some tax obligations – Dr. Amin Adam
Finance Minister Dr. Mohammed Amin Adam has revealed that Ghana would be in a dire situation if it fails to meet some tax obligations...
Let’s work together to achieve 2024 revenue target – Amin Adam charges GRA
The newly appointed Finance Minister, Dr Mohammed Amin Adam, has urged the Ghana Revenue Authority (GRA) to put in place a strategic roadmap to...
Ghana to expand cocoa rehabilitation with $200m World Bank loan
Ghana’s COCOBOD will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes...
I engaged in prudent financial management as Finance Minister – Ofori-Atta insists
Former Finance Minister, Ken Ofori-Atta says he committed himself to the prudent management of the strategic resource allocated to him during his tenure in...
T-bills auction: Interest rates fall to 27.89%; government records 23.64% oversubscription
Interest rates fell for the seventh consecutive week despite a marginal increase in the January 2024 inflation.According to the auction results by the Bank...
Atlantic Lithium pledges responsible and sustainable mining practices at Ewoyaa
Atlantic Lithium Limited has committed itself to responsible and sustainable mining practices ahead of Ghana's first lithium production at Ewoyaa in the Central Region....
Don’t blame Ofori-Atta for Ghana’s financial woes – Centre for Social Policy Studies Economist
A Development Economist and a Senior Research Fellow at the Centre for Social Policy Studies (CSPS) of University of Ghana, Dr. George Domfe, has...
IMF boss congratulates Dr. Amin Adam after appointment as Finance Minister
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has congratulated Dr. Mohammed Amin Adam after his appointment as Minister of Finance.A...
TOR Board Chairman, David Adomako resigns
The Board Chairman of the Tema Oil Refinery (TOR), David Adomako, has resigned from the board.In a letter to the presidency, Mr. Adomako cited...
Ministerial reshuffle: Amin Adam can’t turn economy around in 9 months – Seth Terkper
A former Finance Minister, Seth Terkper has voiced doubts regarding Dr. Mohammed Amin Adam's appointment as Finance Minister by President Akufo-Addo.Mr Terkper expressed his...
Fuel prices to go up – COPEC
Indications are that the pump prices of petrol, diesel and LPG are likely to go up in the next Window beginning 16 February 2024.The...
15% tariff increase was needed to save our business – MTN Ghana CEO
The Chief Executive of MTN Ghana, Selorm Adadevoh, has justified the 15.0% increase in tariffs for all its products and services, insisting, it was...
Election-induced expenditures could threaten fiscal economy – Report
Election-induced expenditures could threaten the fiscal economy going forward. According to the 2024 Quarterly Report by Databank Research, following the government signal of a...
Election-induced expenditures could threaten fiscal economy – Report
Election-induced expenditures could threaten the fiscal economy going forward. According to the 2024 Quarterly Report by Databank Research, following the government signal of a...
I’ll not depart from IMF programme – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF).He has assured...
Parliament to investigate delayed payments to Cocoa Road Contractors
The Speaker of Parliament, Alban Bagbin, has announced plans to establish a high-powered committee aimed at investigating the issue of outstanding payments to cocoa...
92% of women businesses in Ghana have never exported – OAWLI
A research data to be released as part of international women’s day, by Oxford Africa Women Leadership Institute (OAWLI), an Enterprise Support Organization, indicate,...
Valentine’s Day: Souvenir vendors lament low patronage
Valentine's Day holds a significant place for individuals and families to celebrate and reaffirm their affection, camaraderie, and admiration for each other.In Ghana,...
GCB Bank appoints Daniel Asirifi as Board Chairman
GBC Bank PLC (GCB) has appointed Daniel Kwaku Tweneboah Asirifi as the new board chairman.Asirifi’s assumption of office as board chairman of the bank...
Ofori-Atta advocates for expansion of digital payments for a more climate resilient Africa
Ghana’s Finance Minister, Ken Ofori-Atta, argues that digital technologies and responsible payment systems have a major role to play in climate adaptation and climate...
Akufo-Addo has led Ghana into a ditch – Development Economist
A Development Economist at the University of Development Studies (UDS), Dr. Michael Ayamga has branded the Akufo-Addo-led administration as a disastrous government.According to him,...
43% of Ghanaians not prepared to take financial risk at all – Report
Forty-three percent of Ghanaians are not prepared to take any financial risk at all as they have low-risk inclination, the 2023 Old Mutual Financial...
Registrar of Companies to strike off 8,531 companies in default [Video]
The Office of the Registrar of Companies (ORC) has initiated legal proceedings to dissolve approximately 8,531 companies Limited by Shares due to their non-compliance...
Bond market: Total turnover decreased by 16.25% week-on-week to GH¢1.33bn
The secondary bond market for Government of Ghana papers slowed in activity as the total volume traded declined by 16.25% week-on-week to GH¢1.33 billion.Notably,...
Demand pressures for dollar to weigh on cedi this week; one dollar equals GH¢12.80
The persistent demand pressures for the dollar would continue to weigh negatively on the cedi's performance this week.This follows a marginal depreciation of the...