Analysts warn of continued cedi volatility amid election concerns
Market analysts are predicting ongoing volatility for the cedi, which recently surpassed GHS 17 against the US dollar amid uncertainty surrounding the upcoming general...
Masloc CEO honoured as Capacity Building Shero of the Year
The Chief Executive of the Microfinance and Small Loans Centre (MASLOC), Abibata Shanni Mahama Zakariah, has been celebrated as the “Capacity Building Shero of...
Cedi records year-to-date loss of nearly 29%; one dollar now going for GH¢17.10
The pressure on the Ghana cedi continued as the local currency lost 3.95% against the US dollar in October 2024, bringing its year-to-date depreciation...
Bond Market: Volume up by 12.45% to GH¢746m
Activity in the secondary bond market rose by 12.45 percentage points to GH¢746 million last week, compared to about GH¢663 million the previous week.The...
Osman Ayariga inducted as Chartered Architect
The Deputy National Youth Organiser of the National Democratic Congress (NDC), Osman Ayariga, was inducted as a Chartered Architect on Friday, November 1.The ceremony...
Labadi Beach Hotel shines with another record-breaking dividend payout of GH¢16.5m to SSNIT
Ghana’s top five-star destination, Labadi Beach Hotel, proudly announced a milestone dividend payment of GH¢16,509,000 to its shareholder, the Social Security and National Insurance...
Liquidity risk remains well-contained in banking industry – BoG
The Bank of Ghana has revealed that liquidity risk remains well-contained in the banking industry, provided the Government of Ghana (GoG) bonds are liquid.According...
BoG reiterates commitment to reducing NPLs
The Bank of Ghana has emphasized its commitment to the continuous implementation of measures to reduce Non-Performing Loans (NPLs) and mitigate credit risk. This...
Trasacco Properties, Micheletti & Co begin construction on Akaya: Exclusive master-planned residences
Trasacco Properties Ltd and Micheletti & Co. Ltd have entered into a construction agreement to begin the first phase of Akaya by Trasacco, an...
Cocoa sector records unprecedented production in 2021/22 crop season – COCOBOD CEO
Ghana recorded a historic production of 1,045,000 tonnes of cocoa in the 2021/22 crop season, Mr Joseph Boahin Aidoo, the Chief Executive Officer of...
ADB temporarily closes Bawku branch amid rising security concerns
The Agricultural Development Bank PLC (ADB) has announced the temporary closure of its branch in Bawku, citing escalating security concerns in the area.In a...
NGIC launches 5G services in partnership with Nokia, Radisys, and Tech Mahindra
Next Gen Infraco (NGIC) has officially launched 5G services across Ghana, joining forces with global tech leaders Nokia, Radisys, and Tech Mahindra.NGIC, the pioneering...
Cocoa farmers petition COCOBOD over persistent industry challenges
A group of Ghanaian cocoa farmers has formally complained to COCOBOD, urging the organization to address long-standing issues in the sector, including deforestation, child...
BoG Governor: Cedi set to appreciate soon, adequate buffers in place
The Bank of Ghana (BoG) says it is taking proactive measures to bolster its reserves to address the depreciation of the cedi against major...
VRA staff partially suspend protests following Minister’s request to pause merger bill
The leadership of the Volta River Authority (VRA) Staff Groups has announced a partial suspension of select protest actions following recent interventions by the...
Pension funds grew by 33% in 2023 to GH¢61.8bn; Industry remains healthy – report
The Pensions Industry’s Assets Under Management (AUM) grew by 33.0% in 2023.Similarly, the Three-Tier Pension Scheme’s AUM at the end of December 2023 stood...
Ghana’s unique 5G approach: A shared network model to drive nationwide connectivity
As Ghana prepares to introduce 5G services on November 1, 2024, the nation’s approach to infrastructure is sparking interest and setting it apart on...
GoRide: Local ride hailing app comes aboard
A new ride-hailing platform developed locally with a traditional touch to help commuters find commercial taxis has been launched in Accra.The app, GoRide, gives...
Ghana’s IMF reliance stems from lack of fiscal discipline – Dr. Spio-Garbrah
Former Minister and Chairman of the National Democratic Congress (NDC) Business Development Committee, Dr. Ekow Spio-Garbrah, has attributed Ghana's repeated reliance on International Monetary...
ISSER recommends phased approach to scrapping E-levy and COVID-19 levy to avoid disruption of IMF program
The Institute of Statistical, Social, and Economic Research (ISSER) has advised against the immediate removal of Ghana’s E-levy and COVID-19 levy, stressing that a...
ISSER projects Ghana’s 2024 growth rate to hit 4.5 percent
The Institute of Statistical Social and Economic Research (ISSER) has projected Ghana’s economic growth rate to reach 4.5 percent by the end of 2024,...
Sunon Asogli: IPPs yet to reach an agreement with govt
An independent power producer, Sunon Asogli Power (Ghana) Limited, has denied government accusations of bad faith.This follows comments from Finance Minister Dr. Mohammed Amin...
Bond market: Trade volumes rise to GH¢663m
Activities in the secondary bond market increased from GH¢500 million last week to approximately GH¢663 million.Most transactions were concentrated on the August 2027 and...
Cedi to remain under pressure for most part of this week; one dollar going for GH¢16.55
The Ghana cedi is expected to remain under pressure for the most part of this week as the strong demand for foreign exchange continues...
Apple Intelligence: Apple finally rolls out new AI features for iPhone users, excluding older models
After a long wait, Apple has finally released its artificial intelligence (AI) tools for iPhone - to a select few.
Apple Intelligence, a suite of...
Letshego Ghana Savings and Loans achieves ISO 27001 certification
Letshego Ghana Savings and Loans PLC, a subsidiary of Letshego Africa (Letshego Group), is proud to announce its successful attainment of the prestigious ISO...
Japan’s ruling party loses its majority in blow to new PM
The coalition led by Japan’s ruling Liberal Democratic Party (LDP) has lost its majority in parliament, its worst result in over a decade.
The LDP...
Sunon Asogli acted in bad faith by shutting down – Amin Adam
Minister of Finance, Dr. Mohammed Amin Adam, says Sunon Asogli Power Limited acted in bad faith by shutting down its operations.Addressing the press at...
Ghana secures $260M World Bank agreement to address energy sector inefficiencies
Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in...
Ghana signs $260m Energy Sector Recovery facility with World Bank
Ghana has signed a $260 million Energy Sector Recovery Programme facility with the World Bank to boost the sector’s recovery and financial stability.The agreement,...
BoG amplifies Africa’s fiscal policy support from IMF, World Bank
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has called for increased support for reforms by the International Monetary Fund (IMF) and...
Ghana to record end-year inflation of 15.0% in 2024 – IMF
Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.In its World Economic Outlook, it...
2024 elections will not cause panic withdrawals – GAB allays fears
The Ghana Association of Banks (GAB) says the upcoming elections will not have any impact on deposits in the financial sector.The GAB has ruled...
Cola nut price surge threatens business in Tamale
Cola nut business is facing a critical challenge as dwindling supplies and skyrocketing prices are threatening both traders and consumers in Tamale, the Northern...
GRA intensifies tax mobilization mechanism to achieve revenue targets
The newly-appointed Commissioner of the Customs Division at the Ghana Revenue Authority (GRA), Brigadier General Zimbrim Bawah Ayarroga, has issued a stern warning that...
IMF revises Ghana’s growth target to 4 percent for 2024
The International Monetary Fund (IMF) has revised Ghana’s growth rate for 2024 to 4 percent from 3 percent.The Director of the African Department, Abebe...
Bank staff lifestyle audits vital to fraud prevention – John Awuah
The CEO of the Ghana Association of Bankers, John Awuah, has opened up about the importance of lifestyle audits as a key preventive measure...
IMF warns world to avoid global trade war
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...
DDEP saved Ghana about $12bn – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, revealed that the successful execution of the Domestic Debt Exchange Programme (DDEP) has saved Ghana an impressive...
Women must be encouraged to use bank accounts, not just open them – 2nd Dep. Governor of BoG
The Second Deputy Governor of the Bank of Ghana (BoG) Elsie Addo Awadzi has underscored the need to intensify Gender Inclusive Finance to encourage...