World Bank has committed $250m to Ghana Financial Stability Fund – Finance Minister
Finance Minister, Ken Ofori-Atta has said that the World Bank has committed $250 million to Ghana’s Financial Stability Fund.According to him, the fund is...
Fuel prices go up; petrol now ¢12.99 – ¢13.10 per litre
Prices of petroleum products have shot up at the pumps this Monday April 17, 2023.This is the first increase since the introduction of the...
GNPC boss addresses challenge with Africa’s energy strategy; calls for greater synergy
The Ghana National Petroleum Corporation (GNPC) CEO has called for concerted action by African states for the development of an African strategy to meet...
JoyNews’ investigation reveals PBC risks possible collapse
JoyNews’ investigations have revealed how the country’s biggest indigenous cocoa-buying company, PBC, risks a possible collapse following its steep decline in market share from...
Aker Energy submits Deepwater Tano/Cape Three Points Plan of Dev’t to Energy Minister
Aker Energy, the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana has submitted a Plan of Development (PoD) to government today...
We must support Ghana, it has sound macroeconomic management track record  – IMF boss
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has urged Ghana’s creditors to support the country, saying, Ghana has a track...
PBC Troubles: JoyNews explores factors accounting for steep decline in revenue
It’s a tale of uncertainty among staff of Ghana’s biggest indigenous cocoa-buying company, PBC Limited, as the company continues to post huge revenue losses.According...
No second round of DDEP – Ofori-Atta assures
Finance Minister, Ken Ofori-Atta has ruled out any move to conduct another round of the Domestic Debt Exchange Programme (DDEP) targeted at pension funds....
Prices of petrol to go up by 2%, diesel to drop by -5.58% – COPEC
The Chamber of Petroleum Consumers (COPEC) is predicting a 2.01% increase in the price of petrol at the retail pumps from 16th April 2023.COPEC...
$1 now sells for ¢12, as dollar demand reemerges Â
Demand for dollar has resurfaced as one dollar is now selling at ¢12 today April 14, 2023, in the retail or forex market.The local...
We expect an IMF programme by close of May 2023 – Ofori-Atta
Finance Minister, Ken Ofori-Atta, says Ghana should expect an International Monetary Fund (IMF) Board approval for a programme by the close of May 2023.According...
We will move swiftly to approve Ghana’s IMF programme – IMF MD assures
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has given the Fund’s firm assurance that it will act swiftly to approve Ghana’s...
Transport fares yet to reflect inflation drop – Government Statistician
Government Statistician, Professor Samuel Kobina Anim, has hinted that the continuous drop in the prices of petroleum products and other goods and services are...
Ghana’s Debt-to-GDP to reach 98.7% by end of 2023 – IMF
The International Monetary Fund (IMF) is projecting that Ghana’s Debt to GDP Ratio will increase further to 98.7% by the end of 2023. This was...
GUTA urges traders to adjust prices
The Ghana Union of Traders Associations (GUTA) has urged all members to adjust prices following the fall in inflation.The Ghana Statistical Service (GSS) on...
Supply disruptions caused fuel shortages – GOIL
Ghana Oil Company (GOIL) has attributed the recent fuel shortage at some of its service stations across the country to operational challenges occasioned by...
MTN Ghana suspends MTN Date Zone bundle
Scancom PLC (MTN Ghana) has announced a suspension of its MTN Data Zone bundle effective April 5.In a press release on Wednesday, April 12,...
IMF revises Ghana’s average inflation forecast to 45.4% in 2023
The International Monetary Fund has revised its average inflation forecast for Ghana in 2023 to 45.4%.This is in line with the high prices of...
Cedi to record mixed performance this week
The Ghana cedi is expected to record a mixed performance this week as the market awaits a decision of Ghana’s external debt restructuring with...
Crude oil prices to fall to $73.1 per barrel in 2023 – IMF
Crude oil prices will slide by 24.1% to an average $73.1 a barrel in 2023, the International Monetary Fund has stated in its April...
NCA, telcos working on short code for SIM cards registered with Ghana Card
The National Communications Authority (NCA) says work is underway to introduce a short code for the verification of SIM cards that have been linked...
Interest rates likely to fall to pre-Covid levels, IMF predicts
Interest rates in major economies are expected to fall in the future because of low productivity and ageing populations, according to a forecast.The International...
Cedi loses marginal grounds against dollar
After two sustained weeks of improvement in value, the cedi begun this week on a depreciation trajectory.It lost marginal grounds against the dollar in...
We saved economy from collapsing – BoG Â
The Bank of Ghana (BoG) has justified again its financing of the budget post Covid-19, saying, failure to do so will have spelt doom...
Help Ghana shoulder debt burden – IMF pleads
The International Monetary Fund (IMF) has doubled down on its plea to wealthier nations to support Ghana and other weaker economies to help such...
Ghana’s bilateral creditors set to clear way for $3bn IMF bailout
Ghana hopes to take a big step towards restructuring its $58 billion-worth of debt this week, with its bilateral creditors meeting on Tuesday, April...
GUTA reacts to govt’s new taxes
The President of the Ghana Union of Traders Association (GUTA) has lamented the passing of government’s three new taxes.Joseph Obeng speaking on JoyNews’ Newsfile on Saturday,...
Kwahu Easter: Economic challenges bite revellers, food vendors
The enthusiasm usually associated with the Kwahu Easter festivities over the years seems absent this year particularly in Koforidua, the Eastern Regional capitalPreviously, during...
Bank of Ghana sends important message to borrowers
The Bank of Ghana has advised the borrowing public not to pay fees and charges on loans that were not disclosed to them prior...
Former Deputy Bank of Ghana Governor passes on
A former Deputy Governor of the Bank of Ghana, Emmanuel Asiedu-Mante, has died.Mr Asiedu-Mante died Monday night aged 81.He passed on at the...
Government introduces Digital Transport Fee on ride hailing apps
Government through the Driver and Vehicle Licensing Authority (DVLA) has begun the implementation of the Digital Transport Fee on all rides as tax.Customers would...
Cedi weakens by 20% to dollar so far in 2023 – World Bank
The World Bank says the Ghana cedi has weakened by 20% to the dollar so far in 2023.In its April 2023 Africa Pulse Report,...
Wingimall is live in Ghana
Wingimall, the newest and most dynamic e-commerce platform, officially launches today in Ghana.With the slogan "Abundance of Choice" and an elephant as a symbol...
Businesses risk collapse over new tax bills – Tax analyst [Audio]
JoyNews/AdomNews · Businesses risk collapse over new tax billsThe Lead Tax and Regulatory Partner at Deloitte- Ghana, George Ankomah has said the three new...
Traders Advocacy Group reacts to new taxes
President of Traders Advocacy Group Ghana (TAGG), David Kwadwo Amoateng has expressed his displeasure about the passage of the three new taxes.He explained that,...
Cedi continues strong performance; $1 now ¢10.80
The Ghana cedi continued its strong run against the US dollar today, April 4, 2023, as it sold below ¢11.Checks by Joy Business at...
Kumasi: Tomato prices shoot up; importers blame Boko Haram, high CFA exchange rate
Prices of tomatoes on local markets in Kumasi have seen astronomical increases in recent times.A box of tomatoes sold at 600 cedis earlier this...
Oil powers announce surprise cuts of more than 1 million barrels per day
Major oil powers led by Saudi Arabia have announced a surprise production cut of more than one million barrels per day on Sunday, April...
Cedi starts week on strong note; $1 now ¢11.50
The Ghana cedi started this week on another strong note against the US dollar.Checks by Joy Business at some forex bureaus indicate that the...
Joana Gyan Foundation launches the ‘Big Push Mpuntuo Fund’ to support Amenfi Central
The Joana Gyan Foundation in collaboration with the Mpuntuo Hemaa of Wassa Agona Amenfi, Joana Gyan Cudjoe launched the ‘Amenfi Central Big Push Mpuntuo’...