Ghana cedi becomes world’s best-performing currency; this is why
Ghana's currency, the cedi, has emerged as the top-performing currency against the US dollar in the past six months, bolstered by investor optimism that...
Govt exhibits commitment to improve governance, transparency under Fund -supported programme – IMF
The International Monetary Fund (IMF) says the Ghana government has exhibited commitment to improve governance and transparency under the Fund-supported programme.For example, it said...
Cedi to record further gains against dollar – Forex Bureau Association
The Forex Bureau Association of Ghana is predicting further gains by the cedi in the coming days, following a financing assurance secured from Ghana’s...
IMF to publish details of Ghana’s programme after possible Board approval
The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam, has announced that the International Monetary Fund (IMF) will publish full details...
GRA chases 93 businesses for not issuing VAT invoices
The Enforcement Unit of the Ghana Revenue Authority (GRA) says it is set to prosecute some 93 shops and business owners for failing to...
Cedi to record gains against dollar as expected IMF deal impacts market
The Ghana cedi is expected to record gains against the dollar and other major foreign currencies this week, as the progress of the International...
Fuel prices to fall again
Prices of petrol, diesel and Liquefied Petroleum Gas (LPG) are expected to fall marginally again at the pumps from tomorrow, May 16, 2023, for...
About 1.9m out of 10 million workers are covered under SSNIT scheme – SSNIT Boss
Only about 1.9 million of the 10 million workers in the country are covered under the Social Security and National Insurance (SSNIT) Scheme.According...
Inflation falls to 41.2% in April 2023
Year-on-year inflation fell for the 4th month running to 41.2% in April 2023, from 45% in March 2023, extending the disinflation process since January 2023.According...
BoG to continue with policy rate hikes to fast track inflation decline
The Bank of Ghana (BoG) has indicated that it may hike again the monetary policy rate to help bring inflation rate down faster.The central...
Global economic growth was better than expected in quarter 1, 2023 – Fitch
The global economy got off to a better than expected start in 2023 with growth significantly beating our forecasts for China and broadly matching...
NPP has hurt me – Duffuor
National Democratic Congress (NDC) flagbearer hopeful, Dr Kwabena Duffuor, is still brooding over the collapse of his businesses by the ruling New Patriotic Party...
I don’t want to die prematurely – Investor with locked-up funds cries out
Mr. Ofori Sarkwa is a member of the locked-up investment forum, and he harbours a tearful fear.“My fear is that I don’t want to...
SEC assures Gold Coast Fund investors of payment of locked-up funds
The Securities and Exchange Commission (SEC) has assured the aggrieved customers of the defunct Gold Coast Fund Management that their petition would be relayed...
Taxi drivers react to digital services promise by Bawumia
Chairman of the Circle Taxi Association, Chairman Nii Ashie said his group does not believe Vice President Mahamudu Bawumia’s promise of a digital service...
Akufo-Addo commissions KIA vehicle assembly plant [Photos]
President Nana Addo Dankwa Akufo-Addo has commissioned the KIA automobile assembly plant in Ghana, urging the vehicle manufacturer to work towards making their products...
Ghanaian traders take on Nigerian engaged in wig sale at Makola
Some Ghanaian traders have taken on a Nigerian who engaged in the sale of human hair extensions at the Makola market in Accra on...
Fisheries Ministry to reduce importation of fish
The Ministry of Fisheries and Aquaculture Development has pledged to cut the importation of fish into the country.According to its Deputy Minister, Moses Anim,...
ECG considers jail term for illegal connection and other offences
The Electricity Company of Ghana (ECG) has hinted it is considering jail term for customers who access power illegally, engage in meter bypassing, power...
Cedi to depreciate 30% to dollar in 2023 – EIU
The Economist Intelligence Unit (EIU) is predicting a 30% depreciation of the cedi to the dollar in 2023.This is, however, lower than the about...
Implementation of new taxes begins today
The Ghana Revenue Authority (GRA) will implement the new and revised taxes, which were introduced in the 2023 Budget, today, Monday, May 1, 2023.The...
Fuel prices may remain unchanged due to cedi depreciation
Prices of petroleum products may stay same for the next two weeks despite the reduction in the prices of the finished products on the...
Many banks facing severe financial crisis – Ato Forson
Minority Leader, Dr Cassiel Ato Forson, has expressed concern about the current state of the banking sector in the country, especially the impact of...
GRA sets May 1, 2023 as implementation date for 3 key tax measures
The Ghana Revenue Authority has set May 1, 2023 as implementation date for the new and revised taxes announced in the 2023 Budget.The implementation...
Akufo-Addo appeals for concessionary loans from World Bank, IMF
Ghana has appealed to the World Bank and the International Monetary Fund (IMF) for concessionary loans to revive the economy as private sector funding...
Fitch downgrades Ghana’s long-term local currency to RD
Fitch Ratings has lowered the Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) of the nation to restricted default (RD) from ‘CCC’.This action was taken...
Top banks in Ghana post first loss as nation restructures debt
Ghana’s move to restructure its local-currency and overseas debt has resulted in the first loss on record for two of the West African nation’s...
22% of wage bill in wrong pockets – FWSC
The Fair Wages and Salaries Commission (FWSC) has disclosed that preliminary monitoring report on 58 institutions has estimated that about 22 per cent of...
Economy set for 2nd slowdown: Revenues, jobs at stake, economist calls for review of targets
The economy is set for a slowdown again this year after failing to grow as expected in 2022.Growth slowed down to 3.1 per cent...
Ghana’s reserves almost empty; to end 2023 at nearly 3 weeks of import cover – IMF
Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month), the 2023 International Monetary Fund Regional Economic Outlook...
I believe most of us do not pay taxes – Ofori-Atta on new tax measures
Finance Minister, Ken Ofori-Atta, says concerns that the government is burdening businesses with excess taxes are misplaced.According to him, “I believe most of us...
Covid-19 and Russia/Ukraine war are not only contributors to Ghana’s economic woes – Fitch Solutions
Fitch Solutions has dismissed the view that Ghana’s economic woes is largely due to the Covid-19 pandemic and the Russian/Ukraine war.According to the research...
Mobile money exceeds industry expectations, reaching transaction value of $1.26 trillion in 2022
Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual...
GRA sets April as month of tax and good governance
The Ghana Revenue Authority (GRA) has designated April as the month for extensive education on tax payment procedures and good governance.The GRA aims to...
GUTA demands retraction, apology from ‘ignorant’ Joseph Osei-Owusu
The Ghana Union of Traders Association (GUTA) has issued a statement demanding an apology from the First Deputy Speaker of Parliament, Joe Osei-Owusu.According to...
GTPCWCU angry at government’s neglect, impending collapse of TOR
The General Transport, Petroleum & Chemical Workers Union (GTPCWU) of the Trades Union Congress (TUC) has bared its teeth at the government for its...
Govt’s latest debt exchange programme technically sound – Senyo Hosi
Convenor of the Individual Bondholders Forum, Senyo Hosi, has described the policy document of the government’s second round of debt exchange programme as a...
Akufo-Addo has failed us – Importers and Exporters Association
Executive Secretary of Importers and Exporters Association, Sampson Asaki Awingobit has expressed his disappointment in President Nana Akufo-Addo for passing the three new tax...
Cedi to exhibit mixed performance against dollar this week
The Ghana cedi is expected to exhibit mixed performance against the US dollar for the second week running.This is because of the uncertainty characterising...
We’ve broken all records regarding IMF requirements for bailout – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta has expressed optimism about the country’s progress in the pursuit of an International Monetary Fund (IMF) programme.According to...