VAT structure does not ensure compliance  – GUTA
President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has stated that his expectations were not met during Finance Minister, Ken...
Fitch downgrades US credit rating from AAA to AA+
The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden.Fitch, one of three...
Farmers at Nkwanta South plead for tractors and other farming machinery
A group of female farmers at Nkwanta South of the Oti Region have appealed to government and other agencies to support them with farming...
Tricycle operators block major road leading to Kejetia over KMA ban
Tricycle operators in the Ashanti Region have escalated their protest against a directive to restrict their movement in parts of the Central Business District...
Gh¢21bn cut in 2023 budget commendable – Oppong Nkrumah
Minister for Information, Kojo Oppong Nkrumah, has said the GHS 21bn reduction in the government’s appropriation for the 2023 fiscal year is commendable.Contributing to...
Electrochem operations: How Ada people can become ultimate beneficiaries
In the serene coastal town of Ada, Ghana, a life-changing project has taken root. Electrochem, a Ghanaian-owned company, has invested over $88,000,000 in industrial...
Mid-Year Budget: It’s not about spending less, there are still debts to pay – Joe Jackson
The Director of Operations at Dalex Finance, Joe Jackson, says it is not enough for the Finance Minister to just say that government is...
We have put in place structures to remain policy solvent – BoG
The Bank of Ghana says it has put in place structures to ensure that it remains policy solvent and well able to deliver on...
Govt targets pension funds in renewed debt exchange
The government will pursue the restructuring of pension funds in the next phase of the domestic debt exchange programme (DDEP).It will also exchange debt...
GhanaCARES ‘OBAATAN PA’ programme on track – Ofori-Atta
Finance Minister, Ken Ofori-Atta, had said that the GhanaCARES 'OBAATAN PA' programme is on track.According to him, efforts toward promoting commercial agriculture, building technological...
Cedi depreciated by an impressive 1.8% between February and July – Ofori-Atta
The government says the local currency in the first half of the year showed great strength against the major trading currencies. The Cedi, which depreciated...
Use Mid-Year Budget Review to suspend lottery, sports betting taxes – Group urges Ofori-Atta
The Coalition of Small Business Owners (CSBO) is urging Finance Minister Ken Ofori-Atta to suspend the taxes imposed on Lottery and Sports Betting companies...
BoG posts GH¢60.81bn losses in 2022
The Bank of Ghana has posted losses totaling GH¢60.81 billion for the 2022 financial year. This compares to a profit of GH¢1.23 billion recorded in...
Selling of coins causes inflation – Financial expert
A financial expert, Michael Annan, has disclosed that the sale of coins on streets is a contributory factor to Ghana's economic crisis.According to him,...
IPPs contemplate shutting down plants as govt fails to settle $2bn debt
The Independent Power Producers in Ghana are facing an imminent crisis as they contemplate shutting down their power plants in the coming days if...
Importers and Exporters urged to refrain from unlawful practices
Importers and Exporters have been advised to refrain from engaging in unlawful practices to reduce duty payments, as they may face consequences during the...
FXKudi partners MoMAG to promote financial inclusion in informal sector
FXKudi has partnered with the Mobile Money Advocacy Group, Ghana (MoMAG) to promote financial inclusion in the informal sector.According to the Head of Sales...
There’s a need to revisit structure, nature of taxes – Ken Ofori-Atta
In a crucial meeting with the business community ahead of the mid-year budget review, the Finance Minister, Ken Ofori-Atta, addressed pressing issues concerning the...
Zoomlion creates 200 new jobs as RM Commissions Tamale Wastewater Treatment Plant
Northern Regional Minister, Alhasan Saani Shaibu, has commissioned a 1,000 metric ton Wastewater Treatment Plant at Gbalahi, a suburb of Tamale in the Sagnarigu...
Gov’t must prioritise simple, affordable tax policies – GUTA
The Ghana Union of Traders Association (GUTA) has urged government to prioritise and implement policy actions that will make tax affordable, simple for businesses,...
‘KenMustGo’ is unnecessary now – Tolon MP
Ghana’s Minister for Finance, Ken Ofori-Atta, has come under intense pressure to resign from office or be sacked with the argument that his performance...
Sewerage systems relieve Western Region with 20 million euros wastewater treatment plant
The Western Regional Minister, Kwabena Okeyere Darko-Mensah, has noted that only 10% of faecal waste collected in the region is treated.This implies that the...
Goodbye to Twitter as Elon Musk rebrands platform to single letter, ‘X’
The internet is abuzz as the app formerly known as Twitter announced a name change over the weekend. X.com now redirects to Twitter.com, although the social...
BoG hikes policy rate by 50 basis points to 30%
The Monetary Policy Committee of the Bank of Ghana has increased its Policy Rate by 50 basis points to 30%.This increment is targeted at...
Total Mobile Money transactions hit ¢859bn in half-year 2023 – BoG
Total Mobile Money Transactions reached a record ¢859 billion in the first six months of 2023, data from the Bank of Ghana (BoG) has...
India bans rice shipments to curb price rises
India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes.Heavy rains have hurt crops in...
Taking BOST margin away will be suicidal – MD
https://youtu.be/q7cUFZp4MUEManaging Director (MD) of the Bulk Oil, Storage and Transportation Company (BOST), Edwin Alfred Provencal, has been making a case for the increment of...
Ghana’s economy expected to recover its potential by 2025 – World Bank
Ghana’s economy is expected to recover its full potential by 2025, the World Bank has revealed in its latest Economic Update.The report titled Price...
Don’t circumvent duty payment – GRA warns importers, exporters
The Deputy Ashanti Regional Commander, Customs Division, Ghana Revenue Authority (GRA), Evans Teye Agbozo, has cautioned importers and exporters against the practice of bypassing...
Trade war: Asaki clashes with GUTA President for pampering govt
Executive Secretary of the Importers and Exporters Association of Ghana has launched a salvo at the Ghana Union of Traders Association (GUTA) for being...
BoG Report: Governor signals significant revenue loss, blames Domestic Debt Exchange Programme
The Governor of the Bank of Ghana, Dr Ernest Addison, has predicted that the yet-to-be-released BoG report will reveal a high revenue loss for...
Mchezo Limited: The proud owner of betPawa, Africa’s popular online betting brand
Who Owns betPawa?betPawa is an online betting brand that is owned by Mchezo Limited.The betting brand runs on a gaming technology platform provided by...
Nii Amankra Tetteh appointed Letshego Ghana CEO
The Board of Letshego Ghana (Letshego Ghana Savings and Loans PLC), a subsidiary of the pan-African inclusive finance Group, Letshego (Letshego Holdings Ltd) is...
Attorney-General inaugurates Registrar of Companies office in Kumasi
The Attorney-General and Minister of Justice, Godfred Yeboah Dame, has said the Office of the Registrar of Companies (ORC) possesses the ability to be...
Budget review: COPEC warns against introduction of new taxes on fuel
The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum...
Cedi’s outlook to be stable this week
The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern.Many analysts believe the local currency...
Urgent action plan needed to deal with energy sector crisis – World Bank warns govt
Global financial institution, World Bank, is warning of interruption to the power supply in Ghana if government fails to fix the financial challenges facing...
Ghana’s economy will get worse before getting better – Fitch Solutions
Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023.This is coming despite the expansion...
Jubilee Oil Field production surpasses 100,000 barrels a day – TullowÂ
Tullow Oil has announced that gross crude production on the Jubilee Field has surpassed 100,000 barrels per day for 2023.This was captured in an...
A new VALCO beckons: Govt seeks Strategic Investor to galvanize Integrated Aluminium Industry (IAI)
The Volta Aluminium Company (VALCO) was established as a collaborative venture between the Government of Ghana and Kaiser and Reynolds of the United States...