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...
Fitch downgrades Ghana’s creditworthiness to deeper junk status
International ratings agency, Fitch Ratings, has downgraded Ghana’s creditworthiness to further junk status.In its latest report on Ghana, it said “Fitch Ratings downgraded Ghana’s Long-Term...
ECG, NEDCo’s indebtedness impacting negatively on our operations – GRIDCo
The Ghana Grid Company Limited (GRIDCO) is warning that constant power supply could be hampered if its cash flow challenges are not addressed immediately.The...
Fuel prices to fall between 7.1% and 10.8% from February 16
The prices of petrol and diesel are expected to drop significantly between 7.1% and 10.8% at the pumps, from Thursday, February 16, 2022.However, that...
IMF appoints Resident Adviser to Bank of Ghana
The International Monetary Fund (IMF) has appointed Leonard Chumo, Resident Adviser in financial sector supervision, to the Bank of Ghana (BoG).He is expected to...
Cedi continues rise against dollar
The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention.The regulator sold only...
Tullow refers tax dispute with GRA to International Arbitration
Tullow Oil Plc has announced that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in...
Good news for bondholders
Government has assured persons who refused to exchange their bonds for new ones under the Domestic Debt Exchange Programme that their outstanding coupon payments...
Individual bondholders to protest on February 20
Individual bondholders are pilling pressure on the Finance Ministry to pay the over ¢4 billion in interest and principal on which the ministry defaulted.The...
Business Lens Global – CEO speaks at Coventry University about urban air mobility
Dr Fidel Owusu Agyei, Chief Executive Officer and President for Business Lens Ghana and Africa represented Ghana at the Urban Air Mobility Service Dialogue...
Debt exchange: Govt gets over 80% participation
Government is said to have achieved the 80 percent target need for the Domestic Debt Exchange Programme (DDEP).The programme, is part of the requirements...
Ga East market women call for Municipal Chief Executive’s head [Video]
https://youtu.be/CQTzru9glR8Traders at Dome, Kwabenya and Taifa markets in Accra want the Chief Executive of the Ga East Municipal Assembly, Kaakie Mann dismissed.The traders at...
Cedi extends gains against major trading currencies
The cedi extended its gains against major trading currencies last week, raising hopes that the local currency is beginning to stay steady ahead of...
How are you getting the gold? – Alex Mould quizzes govt over gold-for-oil deal
JoyNews/AdomNews · ALEX MOULD ON GOLDA former Chief Executive Officer of the National Petroleum Authority (NPA) has said there is nothing innovative about the...
Illegitimate post-retirement contract for Commissioner-General of GRA creating tension; act – Prof Gyampo to Akufo-Addo
Political Scientist Prof Ransford Gyampo has detailed, unfair and illegitimate contract extensions for key officers at the Ghana Revenue Authority (GRA), including the Commissioner...
Cocoa export to hit $4.1bn in 2025 – Oppong Nkrumah
The export of cocoa beans will rake in $4.1 billion for the country in 2025, Minister of Information, Kojo Oppong Nkrumah, has disclosed.According...
Full text: Ken Ofori-Atta’s address on DDEP deadline eve
Finance Minister Ken Ofori-Atta addressed the nation on Monday recommending that bondholders accept the Domestic Debt Exchange Programme (DDEP) otherwise, reviving the economy will...
Ghana Gas to build second Processing Plant; 1.5k jobs assured
The Ghana National Gas Company (GNGC) has signed a project agreement for the construction of a second Gas Processing Plant (Train 2).The ceremony was...
T-bills auction: Government records 37.3% oversubscription; interest rates still high
Government recorded a 37.3% oversubscription of Treasury bills sale for the second week running, as the short term securities market remain the only source...
Gold for oil deal will stabilise fuel prices – NPA
The National Petroleum Authority (NPA), says the government’s 'Gold for Oil' deal will contribute to efforts to stabilise the prices of petroleum products across...
Good news as $1 now ¢10.40
The Ghana cedi continued its recent gain against the US dollar, starting the week on a positive note.Checks by Joy Business at the forex...
12.5% VAT to blame for mobile data price increment – MTN
Telecommunications company, MTN is attributing the increase in the price of mobile data and other services to the implementation of the 2.5% statutory adjustment...
Ghana withdraws $672 million back-tax demand from MTN Group
MTN Group Limited, Africa’s largest wireless carrier, has said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana Revenue Authority (GRA)...
GOIL attributes drop in diesel price to Gold for Oil barter deal
A leading Oil Marketing Company (OMC), GOIL, has attributed the reduction in the price of diesel today, January 3, 2023 to the impact of...
Cedi chases dollar, ¢1 now ¢12.50
The Ghana cedi continued its marginal improvement against the US dollar today February 3, 2023, selling at ¢12.50.This is about 3.1% gain to the...
Education Minister commends Ghana Gas
Minister of Education, Dr Yaw Osei Adutwum, has acknowledged the massive and excellent contributions of the Chief Executive Officer of the Ghana National Gas...
Cedi continues stability against dollar; 1$ equals ¢12.60
The Ghana cedi continued its good running against the US dollar for almost two weeks as it sold at ¢12.60 to one US dollar...
23 arrested at Agbogbloshie for selling foodstuffs under unhygienic conditions
Public Health Officers from the Accra Metropolitan Assembly(AMA) have arrested some 23 traders at the Agbogbloshie market for selling foodstuff on bare floors and...
Individual bondholders with old bonds will struggle to sell – John Kumah
Government has cautioned individual bondholders on the consequences of failing to sign on to the new terms of the Debt Exchange Programme.The Finance...
ECG can’t trace directors of 23 indebted companies
The Electricity Company of Ghana (ECG) cannot trace the directors of 23 companies that are indebted to it to the tune of millions of...
GRA descends on Melcom over issuance of fake electronic VAT invoices
Managers for Melcom, Kasoa, North Kaneshie and Achimota branches have been picked up by the Customs Division of the Ghana Revenue Authority (GRA) for...
Petrol, diesel now sell at ¢15.25, ¢15.90 per litre at pumps
Some Oil Marketing Companies(OMCs) have started increasing prices of petroleum products at the pumps from today, Wednesday, February 1, 2023, as anticipated.One of...
Cedi to remain stable against dollar
The Ghana cedi is expected to remain stable and probably improve its value against the dollar in the coming days and weeks.This is due...
Registrar-General strikes out defaulting business names; over 500K to be affected
The Office of the Registrar of Companies (ORC) has started the process of striking out 513,338 business names which have lapsed from the Business...
Deadline for Domestic Debt Exchange Programme extended to Feb. 7
Government has extended the deadline for the Domestic Debt Exchange Programme (DDEP) to February 7, 2023.The Finance Ministry in a press release on Tuesday...
Vodafone Ghana clears air on recruitment
Vodafone Ghana says the public should disregard reports that it is recruiting new persons for various positions in the company.In a press release on...
$100m lost yearly to corruption at ports
An estimated US$8.3million in monthly revenue is lost through corrupt practices at the country’s seaports.This sum amounts to almost US$50million every six months and...
Ban on rice importation not possible – Senyo Hosi
Former Chief Executive Officer of the Chamber (CEO) of Bulk Oil Distributors, Senyo Hosi, has said that government’s intent to ban rice importation is...
Telecel sends SoS message to Vodafone workers over sale
Management of Telecel group has assured the staff of Vodafone of no layoffs as it takes over the company.This follows the National Communications...
Individual bondholders to get better offer if… Finance Minister
Finance Minister, Ken Ofori Atta, has assured that government will soon present a better offer to individual bondholders who will participate in the ongoing...