Govt begins payments on outstanding bonds
The Government of Ghana has through the Ministry of Finance started processes to settle payments on outstanding bonds.A statement issued by the Ministry Tuesday...
8th IBAG Conference to discuss effects of Global economic challenges, DDEP on insurance industry
The 2023 edition of the Insurance Brokers Association of Ghana (IBAG) Educational Conference and Exhibition is expected to focus on the effect of Global...
Road toll re-introduction: Here’s how much drivers are likely to pay
Drivers are bracing themselves for the re-introduction of road tolls on Ghana’s roads.The levy was abolished in November 2021 as part of what the...
Ghana Link aims to boost economic growth with ICUMS training programme
Ghana Link Network Services has begun its annual intensive refresher training programme on the Integrated Customs Management System (ICUMS) for various stakeholders across the...
GRA to complete E-VAT implementation in December 2024
An Assistant Commissioner in Charge of Value Added Tax (VAT) Administration with the Ghana Revenue Authority (GRA), Philip Acquah, has remarked that migration of...
VAT registered vendors to be connected to GRA system by 2024
Commissioner General of the Ghana Revenue Authority, Reverend Dr Ammishaddai Owusu-Amoah, says in an effort to ramp up revenue mobilization, the Authority is planning...
GRA exceeds target for first two months in 2023
The Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr. Ammishaddai Owusu-Amoah, has disclosed that the authority has mobilised ¢13.3 billion in taxes...
Ghana’s loan request to go to IMF Board end of March – Akufo-Addo
International Monetary Fund (IMF) staff will present Ghana’s request for a loan programme to its executive board by the end of the month, President...
SONA 2023: Gold for oil deal bearing fruits – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo is impressed with the progress of the Gold for Oil Policy so far.Delivering the State of the Nation Address...
Most stores at Makola to go online
Makola is an iconic landmark in the capital city of Ghana, Accra.It is the largest and most popular open-air market in the city, with...
Cedi recovery continues; $1 equals ¢12.50
The recovery of the Ghana cedi continued today March 7, 2023 as the local currency gained some 30 pesewas from last Friday, March 3,...
Cedis appreciates $1 now ¢12.60
The Ghana cedi strengthened in value by almost 3% to one US dollar last week.This is coming after it had depreciated by about 1.98%...
Ken Ofori-Atta to present details of Debt Exchange Programme to Parliament
Finance Minister is expected to furnish Parliament with details of the ongoing debt restructuring.This was after the Minority succeeded with a Private Members’ Motion...
Cedi strengthens in value by almost 3% to a dollar
The Ghana cedi strengthened in value by almost 3% to one US dollar this week.This is coming after it had depreciated by about 1.98%...
Our meetings with Chinese delegation progressing well, fruitful – Finance Ministry
The Ministry of Finance has said that the government’s meetings with the Chinese delegation from EXIM Bank China are progressing well.In a statement on...
MTN, Huawei sign MoU to advance digital inclusion and sustainable development
MTN Group and Huawei on March 2, 2023 signed a memorandum of understanding to strengthen strategic cooperation in environmental, social and governance matters.The MoU,...
LPG Marketers Association calls for removal of taxes and levies
The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana has renewed calls for the government to remove taxes and levies on LPG, which currently...
Ghana misses restructuring target in blow to ailing currency
Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the the country missed a self-imposed deadline to restructure...
Good news for tanker unions
The Managing Director of Bulk Oil Storage and Transportation Company Limited (BOST), has assured tanker owners and drivers will not be left out in...
BOST MD appeals for increment in margin; says it’s woefully inadequate
The Managing Director of Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has appealed to the government for an increment in the...
3 bondholder groups demand immediate payment of matured coupons
Three bondholder groups are demanding the immediate payment of coupons and principals which matured on February 6th and 20th.The group is made up of the...
Prices of petrol and diesel to fall – COPEC
Prices of petrol and diesel are expected to fall between 3.7% and 4.04% per litre, beginning Thursday, March 2, 2023.According to the Chamber of...
Govt pays GH¢87 billion worth of bonds
Government has successfully concluded the Domestic Debt Exchange Programme (DDEP) for GH-denominated notes and bonds issued by the state, the Energy Sector Levy Act...
Sanitation Minister urges Jospong group, others to invest in recycling of used vehicles
The Jospong Group of Companies (JGC) and other interested private companies in Ghana’s waste management space have been urged to look at the possibility...
NEIP launches $200K Hub Acceleration Grant Programme
The National Entrepreneurship and Innovation Programme (NEIP) has launched the Hub Acceleration Grant Programme to support and accelerate Start-ups and SME growth in Ghana....
Govt postpones meeting with China on debt cancellation
Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late March 2023.This is owing to...
Only OMC’s with 45 retail outlets will receive gold for oil products – NPA
The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid, has said the NPA in consultation with the Association of Oil Marketing...
Bond market: Turnover declines 80.3% to ¢135.63 m
Market activity on the bond market declined sharply as total turnover plummeted 80.3% to ¢135.63 million.This is coming after the government concluded the Domestic...
DDEP: Final principal amounts of new bonds announced
The government has announced the final principal amounts of new bonds issued in the Domestic Debt Exchange Programme’s (DDEP) settlement. According to the Finance Ministry, “new...
Cedi lost 3.14% value to dollar last week; near-term outlook uncertain
The Ghana cedi lost about 3.14% value to the US dollar last week as the renewed depreciatory pressures set in.It started the week at...
MIIF grows beyond GHs3 billion as it outperforms global markets in 2022Â
The Minerals Income Investment Fund (MIIF) has in its performance update for 2022 said, it now has Ghs 3.2 billion in Assets Under Management...
Letshego Holdings appoints Gorata Tlhale as Company Secretary
Africa’s inclusive finance provider, Letshego Holdings Ltd (Letshego Group) has appointed Gorata Tlhale Dibotelo as Head of Group Legal, Governance and Group Company Secretary...
Banks wrote-off about ¢5.9 billion as bad debt in 2022
Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022.According to the Domestic Money Banks Income Statement, this is about...
Cedi falls, $1 now ¢12.90
The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to the US dollar today...
All outstanding matured coupons to be honoured after February 21 – Finance Minister
The Finance Minister, Ken Ofori-Atta, has finally given a timeline to honour outstanding bonds which matured on February 6 for which government defaulted.According to...
Meet the brain behind multi-national company, Zeepay
Chief Executive Officer of Zeepay, Andrew Takyi-Appiah, has shared how he moved from a place of nothingness to establish a multinational company.The journey, according...
Full text: Ken Ofori-Atta’s statement to Parliament on DDEP
The Finance Minister, Ken Ofori-Atta, was in Parliament on Thursday to present a statement on the country’s Domestic Debt Exchange Programme (DDEP).He clarified those...
COVID-19, Russia-Ukraine war to blame for Ghana’s debt – Ken Ofori-Atta
Finance Minister, Ken Ofori Atta, has reiterated that the current state of Ghana’s debt is due to the lingering effects of the Covid-19 pandemic...
DDEP: Ofori-Atta claims to have exempted pensioner bondholders but they are yet to get any notification
Finance Minister, Ken Ofori-Atta, says his outfit has written to the Pensioners Bondholders Forum about their exemption from the Domestic Debt Exchange Programme (DDEP).This...
Fuel prices drop by 5 percent
Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the pumps from today, February 16, 2023. This is the second...