The decision to go to IMF was our last resort – Dr. Tiah Kabiru Mahama
Technical Advisor to the Vice President, Dr. Tiah Kabiru Mahama says going to the International Monetary Fund (IMF) was government's last hope for assistance.According...
T-bills auction: Government raises GH¢6.86bn; interest rates fall for 6th consecutive week
Government raised GH¢6.86 billion via treasury bills, the biggest so far this year.According to the latest T-bills auction by the Bank of Ghana, the...
Introduction: Identifying businesses with durable long-term competitive advantage I
Identifying and investing in companies/businesses with Durable Long Term Competitive Advantage is an old investment strategy used by the world’s most respected investor –...
Trade Queen Africa launched in Accra
The AfCFTA Young Entrepreneurs Federation (AfYEF) has officially launched the maiden edition of the Trade Queen Africa (Miss Traq) project in Accra.Miss Traq takes...
GUTA set to enter accountability pact with political leaders
The Ghana Union of Traders Association (GUTA) has announced its intention to establish a social contract with presidential contenders in the upcoming 2024 elections.This...
AGI considers legal action to halt Emission Levy for industries
The Association of Ghana Industries (AGI) has hinted it will not hesitate to take legal action to halt the implementation of the Emission Levy...
Cereno Homes to redefine Housing system in Ghana – Chairman of CBS Group of Companies
CBS Group of Companies Chairman, Apostle Dr. Cephas Quarshie, has announced that Cereno Homes is poised to revolutionize the housing system in Ghana through...
15% VAT on electricity on hold: How long can the suspension last?
After enduring weeks of protests, threats of strikes from organised labour, and opposition from over 30 workers unions, associations and civil society groups, government...
Government to borrow GH¢180bn via T-bills in 2024
The government would borrow about GH¢180 billion via treasury bills in 2024.This will be 21% more than GH¢149.92 billion raised in 2023.The estimated maturities...
Unbridled free market has taken a toll on local manufacturing – AGI President
The President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has voiced concerns about the impact of an overly liberalised market on...
COCOBOD’s Agrochemicals and fertilizers not auctioned says GRA
The Ghana Revenue Authority (GRA) has refuted reports alleging its auctioning of agrochemicals, fertilizers, and other inputs due to the Cocoa Marketing Company's (COCOBOD)...
Guinness, 4 others top gainers on GSE in January 2024; market starts 2024 on positive note
Guinness Ghana Breweries Limited (30.59%), Unilever Ghana (9.74%), Asante Gold (9.70%), Access Bank (8.82%), and Total Ghana (5.56%) were the top gainers on the...
Salute and give particular recognition to BoG for pulling economy back – Bawumia
Vice President, Dr. Mahamudu Bawumia, has urged Ghanaians to salute and give particular recognition to the Bank of Ghana, which has come under unfair...
Labadi Beach Hotel honoured with 5 awards for service excellence
Ghana’s premier Five-Star Hotel, Labadi Beach Hotel has once again proven to be the most admired Hotel establishment in Ghana and one of the...
Ghana’s economy has performed better under NPP than under Mahama era – Bawumia
Vice President Dr. Mahamudu Bawumia says key economic indicators point to a better economic performance by the government than that of the period 2013-2016...
E-Levy will be abolished if I’m voted into power – Dr Bawumia
Vice President Dr Mahamudu Bawumia has pledged to abolish the controversial levy on electronic transactions, commonly known as the E-Levy if elected into power.Addressing...
Ghana earned $521.86m from crude oil in second-half of 2023
Ghana earned $521.86 million from crude oil in the second half of 2023, the Second-Half Ghana Petroleum Funds 2023 has revealed.Out of that, the...
Cedi to end 2024 at GH¢13.40 to a dollar
The Ghana cedi is expected to end 2024 at GH¢13.4 ± 0.10 to one US dollar.According to Databank Research, this would be influenced by...
Cedi depreciates 2.50% to dollar since January 1
Renewed corporate demand pressures saw the cedi losing value to the dollar last week, increasing its year-to-date loss to about 2.5%.This is despite the...
Ghana must stick to and implement fully Fund- support programme – IMF
The International Monetary Fund has said that it is important for Ghana to stick to the International Monetary Fund – support programme being implemented...
Spintex, Dzorwulu most expensive places to buy kenkey; Teshie, La cheap selling points
Spintex, Dzorwulu, Circle, and other places in the Accra Metropolis have been marked as the most expensive places where kenkey is sold.Places such as...
BoG to meet GRA, financial sector stakeholders over illegal MoMo deductions Â
The Bank of Ghana will tomorrow February 6, 2024, meet officials of the Ghana Revenue Authority and stakeholders within the financial sector to address...
Urgent action needed to tackle sanitation crisis at Anloga fish market
Residents and authorities in the Anloga District of the Volta Region are facing a severe sanitation crisis that is causing serious health concerns, particularly...
Rising cost of doing business renders operations highly unproductive – GUTA
The President of the Ghana Union of Traders Associations (GUTA), Joseph Obeng has said the rising cost of business operations in the country has...
Agric Ministry ordered to disburse GH¢1.8m to farmers affected by Bird Flu within 1 month
Parliament acting the Public Accounts Committee (PAC) has instructed the Ministry of Food and Agriculture (MOFA) to compensate farmers who suffered losses due to...
Ghana’s fiscal deficit to narrow to 4.5% of GDP in 2024; GH¢55.93bn to be spent on interest  payments
Ghana’s fiscal deficit to Gross Domestic Product (GDP) ratio is expected to narrow to 4.5% ± 50 basis points in 2024, Databank Research has...
Independent Tax Appeals Board to begin work by quarter one, 2024 – GRA Boss
The Independent Tax Appeals Board is set to commence work by the first quarter of 2023 as all documentation and recommendations from the Attorney...
T-Bills auction: Interest rates fall again to 28.29% as government achieves 59% oversubscription
Interest rates fell for the fifth consecutive week on the yield curve, according to results of treasury bills auction by the Bank of Ghana.This...
Emissions levy: Electricity prices may go up – IPGG CEO
The CEO of Independent Power Generators, Ghana (IPGG) has hinted at a potential increase in electricity prices following the introduction of the Emissions Levy.Dr....
Emissions levy, VAT on electricity will affect businesses – GUTA
The Ghana Union of Traders Association (GUTA) has expressed its opposition to the proposed implementation of Value Added Tax (VAT) on electricity charges and...
LPG Marketers Association welcomes new mode of importation
The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana has welcomed the maiden Open Competitive Tender for LPG imports into the country.According to the...
64% of Ghanaian workers financially stressed – Old Mutual Financial Services Monitor
Sixty four percent of working Ghanaians are financially stressed, particularly amongst lower income earners (below GH¢3,000 per month) and those working in the informal...
Companies laying off workers due to numerous taxes – GNCCI
The Chief Executive of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has bemoaned the rate at which companies are collapsing...
Suspend controversial Emission levy – GUTA urges govt
The Ghana Union of Traders Association (GUTA) is urging the government to abolish the recently introduced Emission levy.The Emission Levy, introduced by the Ghana...
OMCs start increasing fuel prices; diesel going for GH¢13.49 whilst petrol selling at GH¢12.69
Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps from today, February 2, 2024.Market Leader, GOIL is selling...
BoG to cut policy rate again to 28% in March 2024 – Fitch Solutions
The Bank of Ghana will cut the policy rate by another 100 basis points to 28.00% at the next Monetary Policy Committee meeting in...
Govt has no business building houses – Ghana Institution of Engineering President
The President of the Ghana Institution of Engineering (GhIE), Ing. Kwabena Bempong, has pointed out that the government has no business building houses.According to...
Taxes have become more of a punishment to businesses – Badu-Abogye
The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct...
Bawumia urges accountants to embrace innovation and adapt to strategic business partnerships
The Vice President, Dr. Mahamudu Bawumia, has tasked accountants to go beyond traditional roles by embracing innovation and adaptation to become strategic business partners....