Mobile Money transactions hit ¢1.07 trillion in 2022
Total Mobile Money transactions in 2022 hit a record ¢1.07 trillion despite the existence of the Electronic Transaction Levy (E-Levy), the January 2022 Summary...
Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu
A Convener of the Individual Bond Holders Association of Ghana (IBHAG), Martin Kpebu, says the Minister of Finance, Ken Ofori-Atta, may, in the coming...
Fuel prices to increase by 7% to 13%
The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG),...
Ghana officially opens its market to US pork and pork products export
Ghana has officially opened its market to pork and pork products exported from the United States of America.In a statement sighted on the US...
IMF presses Ghana to stop borrowing from its central bank
The International Monetary Fund (IMF) is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter.The...
Full Report: Technical Committee on exclusion of individual bondholders from Debt Exchange Programme
Read the full report of the Technical Committee that sat on the exclusion of Individual Bondholders from the Domestic Debt Exchange (DDE) programme:
Cedi to continue stability against dollar
The Ghana cedi is expected to further stabilise against the US dollar on the back of continued Bank of Ghana’s support.The cedi traded at...
Ghana ranked first in West Africa Digital Competitiveness Index 2022
Digital Foundation Africa, a pan-African think tank focused on unlocking and shaping the continent’s digital future through research, policy and skill development and advocacy...
AGI cries over new utility tariffs
The Association of Ghana Industries (AGI) has described the level of utility tariff increments for water and electricity by the Public Utilities Regulatory Commission...
Govt reaches agreement with banks on new terms for debt exchange programme
The Government of Ghana and the Ghana Association of Banks (GAB) have made significant progress on the terms of participation of Banks in the...
Unproductive state entities to be punished
Specified entities which have failed to meet Key Performance Indicators (KPI) in 2022 are likely to have their budget for 2023 withheld.This is to...
GPHA reacts to delay in Keta Port project
The Ghana Ports and Harbours Authority (GPHA) has kicked against pressure being mounted from certain quarters to hit the ground running with the Keta...
MTN Ayoba MoMo Accelerator Awards: Noni Hub wins ultimate prize
Mobile telecommunications giant, MTN Ghana, has rewarded five startup hubs who emerged winners at the maiden MTN Ayoba MoMo Accelerator competition.This competition was created...
Zenith Bank Ghana ceases operations as Trustee in securities industry and capital market
The Securities and Exchange Commission (SEC) has announced that Zenith Bank Ghana has voluntarily ceased to operate as a Trustee in the securities industry...
Govt may grant some demands of individual bondholders – Ofori-Atta hints
The Finance Minister, Ken Ofori-Atta, has indicated that government will grant some concessions to Individual Bond holders under the Domestic Debt Exchange Programme.He, however,...
NPA sanctions four OMCs for illicit trading
The National Petroleum Authority (NPA) has sanctioned four Oil Marketing Companies (OMCs) for engaging in illicit third-party trading and unlawful lifting of petroleum products.Per...
GRA arrests fake currency dealer
The Customs Division of the Ghana Revenue Authority (GRA) has arrested a suspected Nigerian fake currency syndicate along the Aflao Border.The suspect who was...
Bawumia upbeat about gold for oil deal following successful delivery of test shipment
Vice President Dr Mahamudu Bawumia has been explaining why Ghana is currently pursuing an IMF bailout and how to change the status quo.The gold...
MoMo transaction: Good news for Vodafone cash customers
A new directive by the Bank of Ghana (BoG) has introduced new mobile money transaction and wallet limits.Customers with daily transaction limits of ¢1,000,...
Govt blackmailing investors – AdongoÂ
Member of Parliament(MP) for Bolgatanga Central Constituency, Isaac Adongo, has accused government of blackmailing bondholders.He claimed that investors know they have to comply with...
Govt to borrow ¢2.42bn in T-bills
Government will borrow ¢2.42 billion in Treasury bills to refinance the upcoming maturities of ¢2.22 billion in this week’s T-bill auction.This is coming...
Five banks to collapse over debt exchange programme – Ato Forson
The Minority in Parliament says the ongoing debt exchange programme will not augur well for the banks in the country. The opposition National Democratic Congress...
Oil for Gold deal sustainable – Bank of Ghana
The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy. The...
Pension bondholders to picket at Finance Ministry
The Pensioner Bondholders Forum has threatened to picket at the Ministry of Finance on January 23, 2023, if government fails to exempt them from...
NCA approves sale of Vodafone Ghana to Telecel
The National Communications Authority (NCA) says it has granted conditional approval for the transfer of 70 percent of government’s shares in Ghana Telecommunications Company...
PURC increases electricity and water tariffs; check out details
The Public Utilities and Regulatory Commission has increased electricity and water tariffs by 29.96% and 8.3% respectively.The new rates take effect from February 1,...
NAM 1’s latest response to Menzgold customer who requested for locked up funds
The Chief Executive Officer of the defunct Menzgold gold-trading firm, Nana Appiah Mensah, has urged customers who have their investment folded to be patient...
NLA strikes again, goes after illegal lotto operators
The National Lottery Authority (NLA) will in the coming days revoke the licenses of Private Lotto Operators who have not yet regularized their operations...
Individual bondholders threaten demo over Debt Exchange Programme
The Ghana Individual Bondholders Forum says they will organise a demonstration against the government if it goes ahead and include investments in the ongoing...
GRA exceeds 2022 revenue target
The Ghana Revenue Authority (GRA) ended 2022, exceeding its tax collection target for the year.The Commissioner-General of the GRA, Rev. Dr Ammishaddai Owusu-Amoah, disclosed...
NLA chases illegal lotto operators
The National Lottery Authority (NLA) will in the coming days revoke the licenses of private lotto operators who have not yet regularised their operations...
Fuel prices to go up
Barring any government intervention, fuel prices will go up between 5% and 9% per litre from January 16, 2023 at the pumps.This will be...
Debt Exchange: Rev. Sam Korankye Ankrah prays for individual bondholders
Government’s invitation to bondholders to sign onto the debt exchange programme expires today, January 16, 2023.Stakeholders including some economists continue to urge government to...
Cedi loses 5.01% value to dollar since January 1, 2023
The Ghana cedi has lost about 5.01% value to the US dollar on the forex or retail market since January 1, 2023.The cedi registered...
Alan Kyerematen inaugurates Automotive Industry Development Council
Former Minister for Trade and Industry, Alan Kyeremanten, has inaugurated the Automotive Industry Development Council.The 35-member council was drawn from various government and private...
From sale of pen drives, braziers to pizza and chicken; Meet the faces behind Chickenman and Pizzaman
They started and conceived their business ideas on the Kwame Nkrumah University of Science and Technology (KNUST) campus during their school days.From sale of...
List: NPA revokes licenses of 30 OMCs
The National Petroleum Authority (NPA) has revoked the licenses of 30 Oil Marketing Companies (OMCs) for non-compliance with the rules and regulations of the...
IMF deal to be reached in February – Akufo-Addo
President Nana Akufo-Addo has said that the country is hopeful to get an International Monetary Fund (IMF) deal latest in February.According to him, the...
There will be more pressure on cedi if … – World Bank warns
The World Bank has warned that the Ghana cedi may continue to come under pressure in 2023 against the U.S dollar.This, the World Bank...
Ghana Gas saves $207m after replacing Chinese engineers with Ghanaians – MD
The Ghana National Gas Company (GNGC) has saved $207 million as cost of operations since March 2017 when Ghanaian engineers and technicians took over...