Global growth to slow to 2.4% in 2024 – World Bank
The 2024 World Bank Global Economic Prospects has revealed that, Global growth is expected to slow to 2.4%-the third consecutive year of deceleration.This reflects...
Timing for VAT introduction on electricity wrong – Energy expert
Energy expert, Kwadwo Nsafoah Poku has bemoaned government’s timing in introducing Value Added Tax (VAT) on electricity.His regret follows government's instruction to the Ghana...
IMF ‘optimistic’ Ghana will reach official creditor debt deal soon
The International Monetary Fund (IMF) said on Tuesday it was "optimistic" that Ghana and its official bilateral creditors would reach a debt restructuring deal...
Ghosts don’t have fingerprints – Bawumia justifies linkage of payrolls to Ghana Cards
Vice President, Dr. Mahamudu Bawumia has emphasized the significance of requiring new public sector employees and staff to undergo a biometric identification process.According to...
GTPCWU calls for removal of TOR board members
The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has called for the immediate removal of three members of the Tema...
Inflation: 2023 ends with 23.2%, ‘gorbɛ’ and 19 other products record rates above 40%
The latest data released by the Ghana Statistical Service indicates that, the inflation rate for December 2023 stood at 23.2%.This figure reveals a decrease...
Cedi’s performance remained unchanged to dollar in first week of 2024; one dollar equals ¢12.20
The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market.The same story emerged on...
GPRTU to increase transport fares by 60%
The Ghana Private Road Transport Union (GPRTU) has reiterated its decision to enforce a 60 percent increase in transport fares this year.This is to...
Government to borrow GH¢12.7bn via T-bills in January 2024
The government is seeking to borrow GH¢12.7 billion via treasury bills in January 2024, to finance maturing bills.This is 1.2% lower than that of...
YEA announces continued opening of BEAP portal for business applicants
The Management of the Youth Employment Agency (YEA) has announced to the business community and companies interested in participating in the Business and Employment...
Ghana’s official creditors to convene for debt restructuring talks
Ghana's official creditors are set to meet on Monday, January 8, to discuss the restructuring of approximately $5.4 billion in loans, according to Reuters.This...
MTN bosses get millions of rands worth of shares, but Ghana CEO missing
MTN Group executives have been granted millions of rand in shares as part of the telecommunications company's performance share plan.These shares are set...
SML’s take on KPMG’s audit into contract with GRA
Strategic Mobilisation Ghana Ltd. (SML) has expressed its endorsement of President Nana Akufo-Addo's directive to engage KPMG in auditing its contract with the Ghana...
24-hour Economy: Mahama announces juicy packages for businesses
The National Democratic Congress (NDC) flagbearer, John Mahama, has pledged lower electricity tariff costs and tax breaks to companies that choose to run 24-hour operations.Delivering his New Year message to Ghanaians on Wednesday, he reiterated the policy will help revive the ailing economy,...
Barima (Dr) Parker takes his people’s unemployment situation into own hands
Barima (Dr) Kwabena Awuah Parker I of Sokode Dwaso has taken a proactive approach to address the employment challenges faced by his people by...
GRA goes after $2.8bn accounts of Ghanaians overseas
The Ghana Revenue Authority (GRA) has disclosed it will soon go after accounts of Ghanaians overseas who are not paying taxes.This was after it...
10% withholding tax on lottery and betting winnings starts from Monday January 1, 2024
The Ghana Revenue Authority (GRA) has announced that the implementation of the 10% withholding tax on the gross winnings of lotteries and betting will...
PURC recovers GH₵10.73 million for NEDCo, GWCL in 3 regions
The Public Utility Regulatory Commission (PURC) has retrieved GH₵10.73 million for the Northern Electricity Distribution Company (NEDCo) and the Ghana Water Company Limited (GWCL)...
Bond market: Total market turnover up by 4.01% to ¢2.15bn
Trading activity on the secondary bond market for Government of Ghana papers remained robust last week.There was a weekly face value traded of ¢2.15...
Apple is officially no longer selling the newest Apple Watch in America
The clock has wound down on the newest Apple Watch after President Joe Biden declined to issue a last-minute, emergency action to keep the best-selling...
Fitch Solutions revises Ghana’s 2024 GDP growth forecast to 3.5%
Fitch Solutions has revised Ghana’s Gross Domestic Product (GDP) growth rate in 2024 to 3.5%, from the earlier forecast of 3.7%.This is however higher...
Volta and Oti region rice farmers embark on climate-resilient rice production journey
The Sahara and Sahel Observatory (OSS), with support from the Adaptation Fund, has successfully implemented the 'Scaling Up Climate-Resilient Rice Production' initiative for rice...
Cheques cleared in quarter 3, 2023 estimated at ¢71.3bn – BoG
The volume of cheques cleared during quarter 3, 2023 totalled 1,378,874 valued at ¢71.371 billion, the Bank of Ghana has disclosed.This represented a decrease...
We will reallocate some project funds if not utilised by June 2024 – World Bank warns Ghana
The outgoing World Bank Country Director, Frank Pierre Laporte, has strongly indicated that project funds allocated to Ghana but have not been utilized will...
Kantamanto traders hail Dampare
Traders at Kantamanto in Accra have commended the Inspector General of Police (IGP), Dr George Akuffo Dampare for measures put in place to enhance...
SML alleges Manasseh Azure manufactured ’10-year’ contract with GRA
The Technical Assistant to the Managing Director at Strategic Mobilization Ghana Limited (SML), Richard Marfo, has accused the Fourth Estate’s Manasseh Azure of making...
Speaker did not order suspension of payments to SML – Patrick Boamah
The Vice Chairperson of the Finance Committee in Parliament says the 2nd Deputy, Andrew Amoako Asiamah, who presided over the House on Friday, did...
Parliament to probe contracts awarded by GRA
Parliament has passed a resolution to investigate all contracts awarded by the Ghana Revenue Authority (GRA).The resolution comes in the wake of the controversial...
Festive season: Some Ghanaian artisans express concern over low patronage of products
Some Ghanaian artisans have expressed concerns about a noticeable dip in patronage during this Christmas season, marking a departure from the vibrancy of previous...
World Bank rebuffs claims of not doing enough to prevent Ghana’s economic crises
The outgoing World Bank Country Director, Pierre Frank Laporte, is challenging claims of not doing enough to prevent Ghana from getting into its recent...
MTN Ghana announces revamped ‘Free After 1 Extra’ plan
Customers on the MTN ‘Free After 1’ call plan will enjoy an enhanced customer experience with more value-added services with the introduction of ‘Free...
MoMo agents suspend GHȻ1000 cap on withdrawals
The Mobile Money Advocacy Group (MoMAG) has announced the immediate suspension of the GHȻ1000 cap on withdrawals.According to MoMAG, this decision comes after discussions...
Credit risk remains elevated, slows down new lending by banks – BoG
Credit risk remained elevated during the third quarter of 2023, reflecting the sharp increase in the stock of non-performing loans in the banking industry,...
Maxwell Investments Group partners Joy Business for entrepreneurial segment
Ghana’s economic landscape is undergoing significant transformations, particularly in entrepreneurship.This shift is occurring against the Ghanaian cedi’s sharp depreciation against the U.S. dollar....
Take full advantage of AfCFTA to expand – Akufo-Addo to Ghanaian businesses
Government is encouraging local businesses to expand their portfolio using the African Continental Free Trade Area (AfCFTA) platform for accelerated economic growth.President Akufo-Addo...
Ghana hasn’t taken off; like a plane, our dev’t still on the tarmac – Kwame Pianim
https://youtu.be/MRfEY65cRNAGhanaian economist, Kwame Pianim, has said Ghana’s development is still at the stage of a plane on a tarmac yet to take off and...
Economy expands by 2.0% in third quarter of 2023
Provisional estimates from the Ghana Statistical Service show that the economy expanded by 2.0% in the third quarter of 2023 and grew at a...
Enterprise Insurance launches 100th anniversary celebration
Ghana’s largest and leading private insurer, Enterprise Insurance Limited has launched its centenary anniversary celebration in Accra.The 100th anniversary celebration is on the theme:...
Manasseh Azure replies GRA
The Founding Editor-In-Chief of the Fourth Estate, Manasseh Azure Awuni has questioned the value additions of Strategic Mobilization Ghana Limited (SML) to the upstream...
Ride-hailing vehicle owners to pay Value Income Tax from January 1
Government through the Ghana Revenue Authority (GRA) will from January 1, 2024, commence the implementation of a new tax policy for ride-hailing vehicle owners...