Inflation to end 2025 at 13.6% – Fitch Solutions
Fitch Solutions is projecting inflation to average 18.8% year-on-year over 2025, and end the year at 13.6%.This will nudge back down towards the pre-pandemic...
Mahama appoints Isaac Adongo, Thomas Ampem, Dr. Asiama, others to Bank of Ghana board
President John Dramani Mahama has appointed Isaac Adongo, Thomas Ampem, Dr. Johnson Asiama, and several others as members of the Bank of Ghana board.
This...
Mahama appoints Bernard Ohemeng-Baah as Acting Deputy Commissioner of Insurance
President John Mahama has appointed Bernard Ohemeng-Baah, a lecturer at the University of Ghana Business School, as the Acting Deputy Commissioner of Insurance.
In this...
Urban workers face longer hours than rural counterparts – GSS report
The Ghana Statistical Service (GSS) has revealed that a higher proportion of workers in urban centers work excessive hours compared to those in rural...
We will reverse BoG’s negative equity – Governor Asiama
The newly sworn-in Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has outlined plans to address the central bank’s negative equity position...
Deputy Energy Minister nominee supports partial privatisation of ECG’s operations
Deputy Minister nominee for Energy and Green Transition, Richard Gyan-Mensah, has backed calls for the partial privatisation of the Electricity Company of Ghana (ECG),...
I won’t ask you to print more money – Mahama assures BoG
President John Dramani Mahama has reaffirmed his commitment to fiscal discipline, assuring the newly sworn-in Governor and Deputy Governor of the Bank of Ghana...
BoG Governor vows to restore public trust in financial sector
Governor of the Bank of Ghana, Dr. Johnson Asiama, has pledged to restore public trust and confidence in the financial sector, assuring Ghanaians of...
Mahama swears in BoG governors, tasks them with stabilizing economy
President John Dramani Mahama has sworn in the newly appointed Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, and First Deputy Governor,...
Ghana must plan for a future without aid – Deputy Finance Minister-designate
Deputy Minister for Finance-designate, Thomas Nyarko Ampem, has emphasized the urgent need for Ghana to plan for a future without foreign aid following the...
Transport Minister pledges support for Shippers Authority
Minister of Transport, Joseph Bukari Nikpe, has assured the Ghana Shippers Authority (GSA) of the government’s commitment to ensuring that shipping lines do not...
Energy Minister meets IPPs, power sector agencies on reliable power supply strategies
The Minister for Energy and Green Transition, John Abdulai Jinapor, has met with Independent Power Producers (IPPs) and key stakeholders in the power sector...
Sir Sam Jonah condemns revocation of UT Bank licence, calls for business-friendly policies
Businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has delivered a scathing critique of the revocation of the license of UT Bank.He...
We are committed to reviewing Cash Reserve Ratio for banks – BoG Governor
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the central bank is committed to reviewing the current Cash Reserve...
Nearly GH₵345m saved through 1st phase of nationwide payroll monitoring exercise – FWSC
The Fair Wages and Salaries Commission says it has saved Ghana a substantial GH₵345 million through the first phase of a nationwide payroll monitoring...
AGI President cautions against untargeted expenditure cuts in 2025 budget
President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has warned that the government's planned expenditure cuts could harm the economy if...
UT Bank collapse is economic injustice – Sam Jonah
Renowned businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has strongly criticised the collapse of UT Bank, describing it as a significant...
WAPCO completes 70% of pipeline cleaning
The West Africa Gas Pipeline Company Limited (WAPCo) has announced that ongoing maintenance work on its gas pipelines is expected to be completed by...
Oil palm exports drop by over 50%
Ghana’s oil palm export for 2024 dropped by more than 50%, according to the Oil Palm Development Association of Ghana.
The president of the association,...
10% salary increase for public sector workers is excessive – Austin Gamey
Labour Consultant Austin Gamey has cautioned that the government’s recent approval of a 10% salary increase for public sector workers is excessive and could...
Gabriel Kumi urges GRA to improve ICUMS efficiency at ports
The Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabriel Kumi, has urged the Ghana Revenue Authority (GRA) to enhance the efficiency of...
Cedi depreciates by 6.5% in first six weeks of 2025
Optimism expressed by businesses and traders about the stability of the cedi against the US dollar at the start of the year has faded...
ISSER Director cautions against hastily reinstating bank licenses
The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government and the leadership of the...
NPA explores 24-hour economy strategies for petroleum sector
The National Petroleum Authority (NPA) is exploring strategies within the downstream petroleum value chain to support the implementation of a 24-hour economy in the...
Domestic Banks dominate secured loans in 2024 Q4 – BoG
The Bank of Ghana's (BoG) latest Quarterly Collateral Registry report has revealed that the share of secured loans granted by domestically owned banks increased...
Energy Minister to form stakeholder committee for downstream petroleum reform
The Minister for Energy and Green Transition, John Jinapor, has disclosed plans to constitute a stakeholder committee to undertake a comprehensive reform of the...
T-bills: Government to borrow GH¢7.73bn on Friday; yields to continue falling
The government plans to raise GH¢7.73 billion this Friday February 21, 2025 through the issuance of the 91-day, 182-day, and 364-day bills.This will cover...
Ghana plans return to domestic bond market in second quarter of 2025
After implementing a domestic debt exchange program that concluded in February 2023 with over 80% participation, the government is preparing to re-enter the local...
Ghanaians must seek God’s forgiveness for mismanaging natural resources – Banking Consultant
Banking Consultant Richmond Atuahene has urged Ghanaians to seek forgiveness from God for the country’s failure to utilize its natural resources wisely.
His remarks come...
No more than $250m in borrowing for 2025 – IMF to Ghana
Ghana cannot borrow more than $250 million—including commercial loans—in 2025, under a borrowing cap as part of a Memorandum of Understanding (MOU) with its...
NHIS faces financing shortfalls, impacting health progress – World Bank
The National Health Insurance Scheme (NHIS) is facing financing shortfalls that are undermining progress in health and the protection of vulnerable groups, according to...
Cedi continues strong performance against dollar, trades at GH₵15.75
The Ghana cedi continued its strong performance against the US dollar in the retail market on February 17, 2025, trading at an average of...
NPA introduces new price floor for petroleum products
The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February 2025, effective from...
Pensioner bondholders express cautious optimism over govt’s commitment to payments
Pensioner bondholders in Ghana have expressed cautious optimism following the government’s commitment to honouring coupon payments, marking the first instalment under the new administration.
Speaking...
Mahama appoints Dr. Abiba Zakariah as Acting Commissioner of NIC
President John Mahama has appointed seasoned insurer and former Chief Operating Officer of WAICA Reinsurance Corporation, Dr. Abiba Zakariah, as the acting Commissioner of...
DDEP: NPP did not default; We ensured smooth payments before leaving office – Dr. Amin Adam
Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange...
CID boss sues bank over late husband’s accounts
The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, Commissioner of Police (COP) Faustina Andoh-Kwofie, has initiated a legal action...
Discontinuing the IMF programme would be unwise – Prof Bokpin
A professor of finance and economics at the University of Ghana, Prof Godfred Bokpin, says it will be bad for the economy if the...
Mahama urges quick establishment of key African Financial Institutions
President John Mahama has called for the swift establishment of key financial institutions to accelerate Africa’s economic integration and reduce reliance on foreign aid.
Speaking...
Demand for Treasury Bills soars amid economic shifts
In an unprecedented move, the Bank of Ghana's recent auction of treasury bills saw a surge in investor interest, marking the highest demand in...