HomeBusinessBusiness

Business

Government exceeds treasury bill target, raises extra GHS 514 million

The government has once again surpassed its Treasury bill target, raising GHS 514 million more than planned in the latest auction. According to auction results...

Prof. Quartey calls for debt ceiling, prudent financial management

Professor Peter Quartey of the Institute of Statistical Social and Economic Research (ISSER), University of Ghana, has urged policymakers to impose a strict debt...

2025 budget: We could benefit significantly if… – Former Deputy Finance Minister

Former Deputy Minister of Finance, Dr Stephen Amoah has acknowledged that some aspects of the 2025 Budget presented by the National Democratic Congress (NDC)...

Ghana, Japan sign $13.4m agreement to enhance Tamale’s electricity supply

Ghana and Japan have formalized a $13.44 million grant agreement aimed at improving the stability and reliability of electricity supply in Tamale, the capital...

Gov’t to borrow GH¢8.26bn in T-bills auction today, March 14, 2025

The government is set to borrow GH¢8.26 billion through treasury bills today, March 14, 2025. The funds will be raised via the issuance of 91-day,...

Old tax system unsustainable – Vish Ashiagbor

The Country Senior Partner at PWC Ghana, Vish Ashiagbor, has emphasized that the success of Ghana’s VAT reform depends on collective will and sustained...

GRA moves to improve tax compliance, targets GH₵220 billion revenue

Leaders and management of the Ghana Revenue Authority (GRA) have begun developing a comprehensive plan to enhance tax compliance and widen the tax net...

Pursue projects under National Dev’t Plan – Prof. Quartey advises gov’t

Economist and Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the John Mahama government to align...

BoG Governor pledges to restore financial strength amid economic challenges

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has committed to restoring the financial strength of the central bank, assuring that...

Gov’t announces ‘Nkukor Nkitinkiti’ policy to revive poultry industry and boost agriculture

Government spokesperson Felix Kwakye Ofosu has highlighted the collapse of Ghana’s poultry industry and emphasized the importance of the new ‘Nkukor Nkitinkiti’ policy aimed...

Mahama warns loss-making SOEs: Reform, merge, privatize, or shut down

President John Dramani Mahama has issued a strong warning to State-Owned Enterprises (SOEs) operating at a loss, stating that they will either be merged,...

Electricity tariffs to be adjusted every three months – Oppong Nkrumah

Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has disclosed that electricity tariffs in Ghana will now be reviewed every three...

NPP gov’t left behind a strong and healthy economy – Amin Adam

Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has insisted that the New Patriotic Party (NPP) administration left...

Cooking figures will make investors punish you – Amin Adam warns Finance Minister

Former Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has cautioned Finance Minister Dr Cassiel Ato Forson against manipulating...

Finance Minister inflated expenditure by GH¢49.2bn – Amin Adam

Former Finance Minister and current Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has accused Finance Minister Dr Cassiel Ato Forson of...

Minority dismisses 2025 budget as lacking credibility

The Minority in Parliament has strongly criticised the 2025 Budget Statement presented by Finance Minister Dr Cassiel Ato Forson on Tuesday, March 11, describing...

Amin Adam accuses Ato Forson of using unaudited figures in 2025 budget

Former Minister for Finance and current Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has accused Finance Minister Dr Cassiel Ato Forson...

Amin Adam disputes Ato Forson’s claims on 2024 economic growth

Former Finance Minister and current Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has challenged Finance Minister Dr Cassiel Ato Forson’s assertion...

Gov’t to spend over $800m on liquid fuel in 2025 – John Jinapor

Minister of Energy and Green Transition, John Jinapor, has disclosed that Ghana will spend over $800 million on liquid fuel in 2025 to power...

38% of Ghanaians rely on family and friends for financial support every month – report

The 2024 Financial Services Monitor published by Old Mutual has revealed that 38 percent of Ghanaians rely on family and friends, either locally or...

Energy Ministry, GCB to revamp Ghana Cylinder Manufacturing Company

The Ministry of Energy and Green Transition has initiated plans to revamp the Ghana Cylinder Manufacturing Company (GCMC) in partnership with Ghana National Gas...

Turkey’s Ambassador pays courtesy call on Minister for Energy and Green Transition

In a significant diplomatic gesture, Turkey’s Ambassador to Ghana, H.E. Huseyin Gungor, today paid a courtesy call on the Minister for Energy and Green...

Prove where you’ve cut costs in your budget – Oppong Nkrumah challenges govt [Watch]

Member of Parliament for Ofoase-Ayirebi and former Minister for Works and Housing, Kojo Oppong Nkrumah, has slammed the Mahama government for failing to cut...

Education Minister praises uncapping of GETFund in 2025 budget

Minister for Education, Haruna Iddrisu, has reiterated the government’s commitment to strengthening the financial foundation of the country’s education sector, praising the Finance Minister,...

Government plans to borrow GH¢57bn in 2025 – Seth Terkper

Former Finance Minister and Presidential Adviser on the Economy, Seth Terkper, has revealed that the government plans to borrow about GH¢57 billion in 2025. Speaking...

Abena Osei Asare questions govt’s decision to uncap GETFund

Former Deputy Finance Minister and Member of Parliament for Atiwa East, Abena Osei Asare, has raised concerns over the government's decision to uncap the...

Deputy Finance Minister defends mining levy increase

Deputy Minister for Finance, Thomas Ampem Nyarko, has defended the government's proposal to increase the Growth and Sustainability Levy on mining companies. The proposed adjustment...

2025 Budget: Ato Forson behaved like a woman in labour – Haruna Iddrisu

The Minister for Education, Haruna Iddrisu, says Finance Minister Dr. Cassiel Ato Forson laid bare all there is to know about the national economy...

2025 Budget: GOLDBOD is an initiative to loot funds – Amin Adam

Former Finance Minister Dr. Mohammed Amin Adam has accused the ruling government of using the newly established Ghana Gold Board (GOLDBOD) as a vehicle...

‘Taxpayer cannot be a punching bag’ – Dr Ato Forson on BoG’s ¢53bn bailout request

Finance Minister Dr. Cassiel Ato Forson has ruled out the use of taxpayer money to recapitalise the Bank of Ghana (BoG), following revelations that...

Ato Forson disputes Amin Adam’s claim on betting tax implementation

Ghana's Finance Minister, Dr. Cassiel Ato Forson, has dismissed claims by former Finance Minister Mohammed Amin Adam that the previous administration never implemented the...

Ghana to pay GH¢150.3bn in Domestic Debt service over next 4 years

Over the next four years, Ghana is expected to pay approximately GH¢150.3 billion in domestic debt service, representing 11.6% of Gross Domestic Product (GDP). Of...

TAGG hails Mahama’s budget as progressive for business growth

The Traders Advocacy Group Ghana (TAGG) has lauded President John Dramani Mahama’s budget statement, describing it as a progressive step toward economic growth and...

Bill to scrap E-Levy, betting tax likely to be laid in Parliament today – Finance Minister

The government is set to present a bill to Parliament today, March 13, to abolish several taxes, including the Electronic Transaction Levy (E-Levy), the...

Akufo-Addo’s gov’t did not implement PFM Act; we need to apply sanctions – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has criticized the Akufo-Addo administration for failing to fully implement the Public Financial Management (PFM) Act of 2016,...

We can’t deny Ghanaians schools and hospitals to bail out BoG – Ato Forson

Finance Minister Dr. Cassiel Ato Forson has firmly rejected the idea of using taxpayer funds to bail out the Bank of Ghana (BoG) after...

Turkish Company Synergy to produce solar panels in Ghana

Turkish firm Synergy Co. Ltd., which specializes in designing solar and smart meters, has expressed its readiness to invest in Ghana by producing solar...

Exclusive PHOTOS from the 2025 Budget Presentation

Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025, presented the 2025 Budget Statement and Economic Policy to Parliament. This marks the first...

Don’t remove COVID-19 Levy, rename it instead – Economist tells gov’t [Audio]

Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has advised the government to retain the COVID-19 Levy rather than...

2025 Budget: Almost every promise is being fulfilled – Ayariga

Majority Leader Mahama Ayariga has commended the 2025 Budget, describing it as a testament to the Mahama-led government’s commitment to delivering on its pledges. Speaking...