Producer Price inflation hits 28.5% in January 2025
Producer price inflation at ex-factory prices for all goods and services rose to 28.5% in January 2025, up from 26.1% in December 2024.
The month-on-month...
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...
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...
FABAG urges Finance Minister to scrap excise tax on fruit juices
The Food and Beverages Association of Ghana (FABAG) has urged Finance Minister Dr. Cassiel Ato Forson to scrap the Excise Tax on fruit juices...
CIMG: Michael Abbiw is new President as new national executives are elected
The Chartered Institute of Marketing, Ghana (CIMG) has officially announced the results of its highly anticipated national elections.The voting process, overseen by the Electoral...
World Bank attributes Ghana’s 2022 crisis to lack of fiscal discipline
The World Bank has attributed Ghana’s 2022 economic crisis to a lack of fiscal discipline and an expensive response to global shocks.
In its Ghana...
Finance Minister to present 2025 budget on March 10
The Minister of Finance, Dr. Cassiel Ato Forson, is expected to present the 2025 Budget to Parliament on March 10.
This is the date proposed...
Edward Ato Sarpong nominated as Managing Director of ADB
The majority shareholder of the Agricultural Development Bank (ADB) has nominated chartered accountant and former Deputy Minister of Communications, Edward Ato Sarpong, as the...
IMF doesn’t have jurisdiction over appointment of Bank of Ghana Governor – Kwakye tells Boako
The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is opposing the idea of the lawmaker for Tano North,...
Johnson Asiamah uniquely qualified to hold BoG Governor position – Kwakye Ofosu
Felix Kwakye Ofosu, the Acting Spokesperson for President John Dramani Mahama, has expressed confidence in Dr. Johnson Asiamah’s qualification to hold the position of...
Dr. Nii Moi Thompson appointed chairman of NDPC
Development Economist Dr. Nii Moi Thompson has been appointed Chairman of the National Development Planning Commission (NDPC), pending consultations with the Council of State.Dr....
Dr. Johnson Asiama takes over as Bank of Ghana Governor
The new Bank of Ghana Governor, Dr. Johnson Asiama, held a brief ceremony with the management of the Central Bank after officially taking over...
BoG introduces directive on financial inclusion for persons with disabilities
The Bank of Ghana has issued a directive on financial inclusion for persons with disabilities.This directive is in line with internationally accepted financial inclusion...
We’ll prioritise the needs of Ghanaians – Ato Forson tells Finance Ministry staff
Ghana’s newly appointed Minister of Finance, Dr. Cassiel Ato Forson, has called on his team to unite in steering the nation toward economic stability.Addressing...
Bright Simons: Finance Minister-designate grilled over tax promises
The Minister of Finance-designate of Ghana’s new government was very supportive of the positions of Civil Society Organisations (CSO) in some of our advocacy campaigns...
I didn’t say I was going to request additional funds from IMF – Finance Minister-Designate
The Finance Minister-designate, Dr. Cassiel Ato Forson, has refuted claims that he intends to request additional finance from the International Monetary Fund (IMF).Speaking during...
Ato Forson doesn’t need a PhD in Economics to become successful – Economist at UG
A Development Economist at the University of Ghana, George Domfe, has argued that Dr. Cassiel Ato Forson does not need a PhD in economics...
Maintain E-Levy to support Women’s Development Bank, SMEs – GUTA tells Mahama
The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...
Bank of Ghana: List of FX Brokers authorised to operate on the Ghana Interbank FX Market
The Bank of Ghana (BoG) has announced the authorized FX brokers permitted to operate in the Ghana Interbank Forex Market for the calendar year...
Bond market: Volume falls by 50.1% on risk sentiments
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.Total volume traded fell to GH¢762...
Dr. Nduom confident in Mahama-led NDC to restore GN Bank’s legacy
The Global Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has expressed confidence that the new National Democratic Congress (NDC) administration, led by John...
Ghana spent nearly half of revenue on debt servicing in 5 years
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.This...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
We won’t abandon IMF programme – Mahama
President-elect, John Dramani Mahama, has reassured Ghanaians that his administration will not abandon the ongoing International Monetary Fund (IMF) programme.In an interview with VOA...
SikaFX launches revolutionary money transfer services in Ghana
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.The company’s goal is to streamline international remittances, providing...
Elon Musk’s record $447 billion fortune means he’s nearly $200 billion ahead of Jeff Bezos
Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in...
There are positive signals that Ghana’s economy is bouncing back to pre-Covid-19 era – Seth Terkper
The former Finance Minister, Seth Terkper, says there are positive signs that Ghana’s economy is progressing.During the inauguration of the transition team in Accra...
Mahama to renegotiate IMF, World Bank deals
President-elect John Dramani Mahama has pledged to review and adjust Ghana’s existing agreements with development partners to align with the country’s current needs and...
NPP borrowed more than GHS1 trillion between 2017 and 2024 NOT GHC 622 billion
Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC...
Misleading! Mahama didn’t leave office with debt-to-GDP ratio at 56%, inflation at 15%, unemployment rate at 8%
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%. Verdict: False!Explanation
Data from...
False! Ghana 7th not 3rd, most food-secure African country
Claim: At the final rally of the New Patriotic Party (NPP) on Dec. 5, 2024, the flagbearer, Dr Mahamudu Bawumia, said: “If you ranked...
Debt restructuring losses to be recovered in 2026 – Amin Adam assures
The government has assured Ghanaians impacted by investment losses linked to the debt restructuring program, stemming from the COVID-19-induced economic downturn, that their losses...
Ghana’s fiscal performance on track to achieve primary surplus of 0.5% of GDP – IMF
The International Monetary Fund (IMF) has revealed that Ghana’s fiscal performance is on track to achieve a primary surplus of half percent of Gross...
IMF Board passes Ghana on 3rd programmme review; approves disbursement of $360m
The International Monetary Fund (IMF) Board has passed Ghana on the third programme review and approved disbursement of some US$360 million to Ghana.This was...
AOMC CEO urges struggling OMCs to merge for a stronger industry
The CEO of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong, has called on underperforming Oil Marketing Companies (OMCs) to consider merging...
Akufo-Addo commissions new Bank of Ghana headquarters [Photos]
President Akufo-Addo on Wednesday 20th November 2024 commissioned the new state-of-the-art headquarters of the Bank of Ghana(BoG) in Accra, marking a significant milestone to...
Jospong Group seeks $400 million Afrexim Bank funding for Africa projects
The Jospong Group of Companies (JGC) has revealed plans to secure a $400-million facility from the African Export-Import Bank (Afrexim Bank) for comprehensive waste...
Apple accused of trapping and ripping off 40m iCloud customers
Apple is facing a legal claim accusing it of effectively locking 40 million British customers into its iCloud service and charging them "rip off...
Bitcoin tops record $80,000 as Trump nears sweep of US Congress
The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump's decisive victory in the US election last...
VP Bawumia launches Credit Scoring System for Ghana
The Vice President and Presidential Candidate of the NPP, Dr Mahamudu Bawumia, has launched myCreditScore, a personalised credit reference and scoring system for Ghanaians. Backed...