Monetary policy rate held steady at 30%
The Bank of Ghana has maintained the monetary policy rate at 30 percent after reviewing developments in the economy.This means that the lending rate...
New property rate regime – GRA identifies 10.12m properties
The Ghana Revenue Authority (GRA) has completed billing over 10.12 million properties identified across the country for the purpose of property rate collection.This means...
Ghana’s total exports decline by 9%
Ghana has recorded a nine percentage point drop in its total export earnings.As of August 2023, total exports stood at US$10.76 billion. It is...
Ghanaian youth not employable – GUTA President
President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has debunked claims that most youth are unemployed because there are no...
It’s difficult doing business in Ghana – D-Black
Musician and businessman Desmond Kwesi Blackmore, well-known as D-Black, says the harsh economic conditions are making doing business in Ghana very unattractive.According to him,...
CIMG Customer Satisfaction Index: UMB and 4 other banks lead the way in Customer Service in Ghana
Only five banks scored above the threshold of 98% in the 2022 Chartered Institute of Marketing Ghana Customer Satisfaction Index.This marks a significant improvement...
Ghana to earn $6.6bn annually from lithium when mining starts in 2026
Ghana will generate about $6.6 billion annually from lithium when the mining of the mineral begins in 2026. Australian mining company, Atlantic Lithium Limited, is...
GRA clears air on allegation of harassment; recovers over ¢104,000 from upfront payments
The Ghana Revenue Authority (GRA) is fighting back claims that it is deliberately harassing members of the Ghana Union of Traders Association (GUTA) over...
No wrong doing in ‘GNPC-LITASCO’ Phase 6 financing – Energy Ministry hits back at Minority
The Ministry of Energy has debunked claims by the Minority in Parliament that the “GNPC-LITASCO’ re-financing arrangement is being done in secrecy without parliamentary...
MTN MoMo, ECG and Hubtel partner to provide enhanced Bill Payment Solutions to customers
MobileMoney Limited (MML) operators of (MTN MoMo) has partnered with the Electricity Company of Ghana (ECG) and Hubtel, an eCommerce platform to provide enhanced...
WAPCo’s commitment: Safeguarding West African Energy Supply
The West African Pipeline Company (WAPCo) has reaffirmed its unwavering commitment to the uninterrupted flow of natural gas to the countries it serves.The...
GUTA warns of dire consequences over GRA’s ‘harassments’
The Ghana Traders Union Association (GUTA) has warned of dire consequences if the Ghana Revenue Authority (GRA) continues to harass them over non-VAT compliance.GUTA...
Why are traders being suppressed? – GUTA quizzes GRA
The Ghana Union of Traders Association (GUTA) is up in arms with the Ghana Revenue Authority (GRA) over what they describe as harassment of...
GUTA charges members to resist GRA ‘harassment’
The Ghana Union of Traders (GUTA) has charged its members to resist any form of harassment and intimidation from officers of the Ghana Revenue...
Suppress appetite for high-interest loans – Gov’t told
The Institute of Statistical, Social and Economic Research (ISSER), has cautioned the government to suppress its appetite for high-interest loans.Director of ISSER, Professor Peter...
EIU revises cedi depreciation to dollar forecast to 23% in 2023; currency to remain 3rd weakest in Africa
The Economist Intelligence Unit (EIU) has revised its projected depreciation of the cedi to dollar in 2023 to about 23.0%, from the earlier 30.0%.According...
X (formerly Twitter)Â considers charging users for platform access
Elon Musk has suggested that all users of X, formerly called Twitter, may have to pay for access to the platform.In a conversation with...
Tanker Owners Union bares teeth at govt over Chinese trucks
The Executive Secretary of the Tanker Owners Union, Ignatius Koku Doe, has raised concerns over the influx of tanker trucks owned by Chinese companies.According to him, their checks...
Cedi expected to remain stable against dollar this week
The Ghana cedi is expected to remain relatively stable against the US dollar this week as risk-off investor sentiment cools off.Demand for US dollar...
Ghana’s IMF debt ranking a bad investor signal – Economist
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be...
NIA encourages financial institutions to prioritise Ghana Card identification
The National Identification Authority (NIA) has encouraged financial institutions to prioritize user verification using the Ghana Card for all transactions.Professor Kenneth Agyemang Attafuah, the...
BoG advised me to streamline Menzgold operations – NAM 1
Founder of Menzgold, Nana Appiah Mensah aka NAM 1, who is standing trial for allegedly using the company to defraud over 16,000 people of...
Get your first debt restructuring right – IMF to debt trapped nations
Ghana is debt-trapped and has maintained its position as Africa’s highest borrower from the International Monetary Fund (IMF).After trimming about ¢90 billion of its...
Government is still spending as though there’s no crisis – Prof. Bokpin on DDEP
Economist, Professor Godfred Bokpin, has berated the government for not sticking to its side of the bargain to adjust fiscal expenditure amidst the country’s...
1D1F: 126 factories now operational, over 160k jobs created- KT Hammond
The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy.According to him,...
Pensioner bondholders reject attempt to be roped into DDEP
Members of the Pensioner Bondholders’ Forum have rejected another attempt by the government to rope them into the Domestic Debt Exchange Programme (DDEP).Government has...
Ghana retains 1st position as Africa’s highest borrower from IMF
Ghana retained its position in Africa as the most indebted country to the International Monetary Fund as the country’s loan to the Fund shot...
Traders Advocacy Group raises concerns over taskforce at Tema, Sekondi ports
The Traders Advocacy Group Ghana (TAGG) has called on President Akufo-Addo to set up a committee to convene a stakeholder engagement to discuss issues...
 87% of industries in Ghana use plastics despite waste concerns
Data from the Ghana Plastic Association indicates that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite...
BoG pays property developer $36m during Ghana’s worst forex crunch – Auditor-General’s report reveals
The Auditor-General in its 2022 report has revealed that Bank of Ghana (BoG) made payments worth $35,909,067.50 to Goldkey Properties Limited for the construction...
NLA, Ghana Post signs partnership for new game
The National Lottery Authority (NLA) has introduced yet another Draw to its Daily Draws, An Afternoon Draw dubbed NoonRush.The Draw was held at...
Cocoa farmers commend Akufo-Addo
Cocoa farmers in the Western North region have expressed their gratitude to the government and the Ghana Cocoa Board for the historic increase in...
Govt announces fresh Debt Exchange for ESLA, Daakye bondholders
The government, through the Finance Ministry, has extended fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a...
Ken Ofori-Atta writes: Citizens – Standing Strong with the Bank of GhanaÂ
There is an anonymous quote that says “banks are to the economy what the heart is to the human body. They cycle necessary capital...
Inflation for August 2023 drops to 40.1%
The year-on-year inflation for the month of August 2023 has dropped to 40.1 percent from the 43.1 percent recorded in July 2033.Food inflation witnessed...
GUTA issues 2-week ultimatum to govt o end alleged harassment of members by GRA
The Ghana Union of Traders’ Associations, GUTA has given the government a two-week ultimatum to address allegations of harassment and intimidation of its members...
QNET to tackle ‘scam’ tag in Ghana through education, awareness creation
The Chief Communications Officer of the QI Group, Ramya Chandrasekaran, has divulged the company’s strategic initiative to challenge the longstanding perception that ‘QNET is...
Nearly 200,000 tonnes of cocoa smuggled out of Ghana
Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has disclosed that between 100,000 and 200,000 metric tonnes of cocoa beans...
Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions
Fitch Solutions is forecasting the Ghana cedi to end 2023 at ¢11.40 against the dollar.This is lower than the ¢12.40 it predicted earlier...
Burkina Faso, Togo exporting cocoa produced in Ghana as intensified smuggling leaves COCOBOD with $600m loss
The finances of Ghana COCOBOD is in dire straits requiring urgent surgery to revive the once vibrant entity.JoyNews is learning COCOBOD lost almost 600 million...