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...
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,...
1% E-levy implementation starts today
The implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% kicks off today, Wednesday, January 11.The Ghana Chamber of Telecommunications has announced...
Life coach shares some tips for a successful New Year
As individuals, we enter every New Year with different goals, positive mindsets or just hope the year brings good luck, progress and success in...
Fitch to downgrade Ghana to very deeper junk status; Ghana’s Issuer Default Rating now ‘C’
Rating agency, Fitch, has given an indication of a further downgrade of Ghana’s credit rating to very deeper junk status.This is coming after it...
E-levy rate reviewed to 1%; GH¢100 daily threshold maintained
The Minority in Parliament has succeeded in ensuring that government maintains the GH¢100 Mobile Money threshold.Parliament also approved the reduction of the Electronic Transfer...
Victory at last: Pension Funds exempted from Debt Exchange Programme
Government has announced an exemption of all pension funds from the Debt Exchange Programme.This follows a meeting between Organised Labour, Ministry of Employment and...
Finance Minister calls for stakeholder support to sustain cedi rebound
Ken Ofori-Atta has called on all stakeholders, including parliament, to work collectively and support government to sustain the recent gains of the Cedi against...
BoG give reasons for cedi’s stability against US dollar
The Bank of Ghana (BoG) has attributed the cedis’ recent gains to new set of monetary measures instituted by the central bank.According to the...
Full text: Ken Ofori-Atta’s speech on Staff Level Agreement (SLA) for an IMF-supported programme
AppreciationI will like to first of all thank the almighty God for providing the needed guidance to the GoG and the Fund to get...
Moody’s downgrades Ghana to further junk status, warns investors could lose in debt restructuring
Moody’s has downgraded the Government of Ghana’s long-term issuer ratings to Ca from Caa2 or further junk status and changed the outlook to stable.This...
2023 Budget: Check out implementation of Cabinet directives on expenditure measures
Mr Speaker, as a first step towards expenditure rationalisation, Government has approved the following directives which takes effect from January, 2023:• All MDAs, MMDAs...
Nigeria’s govt unveils new Naira notes [Photos]
President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN).The CBN Governor, Godwin Emefiele,...
2023 Budget: VAT rate up by 2.5%
Government has reviewed upwards the Value Added Tax (VAT) by 2.5 percent.This means Ghanaians will from 2023 pay more for goods and services.This was...
SIM Card registration: Telcos start blocking subscribers in phases
Telecommunications companies (Telcos) in the country have begun blocking SIM cards of mobile subscribers yet to register their SIM cards.The exercise is in compliance...
Cedi depreciates after recent gains; $1 equals ¢14.20
After ending last week with a marginal appreciation, the Ghana cedi has returned to a depreciation trajectory.The cedi opened this morning November 7, 2022,...
ECOWAS Bank raises authorised capital to $3.5bn
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from $1.5 billion to...
Imperial General Assurance commissions new head office at Labone
Leading general business insurance company, Imperial General Assurance, has made an enormous investment into improving the infrastructural buildout of the company.After nine years in...
NTHC under pressure: Workers of GOIL threaten legal action for GH¢30m
Customers, including many state-owned organisations, have started piling pressure on the National Trust Holding Company (NTHC) for their investments running into several millions of...
Aker Energy halts Ghana oilfield devt over involvement of Russian firm
Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in...
Students Loan Trust Fund opens two new regional offices
The Students Loan Trust Fund (SLTF), has opened two new offices in Accra and Kumasi, which are expected to focus solely on the recovery...
Countries with cheapest mobile data: Where does Ghana rank?
Ghana has made it onto the list of countries with the cheapest mobile data in the world.This conclusion came from a survey conducted by The...
Govt slashes E-Levy target for 2022 to ¢611m
Government has reviewed its revenue target for the controversial Electronic Transaction Levy (E-Levy) to ¢611 million, from about ¢4.9 billion.Finance Minister, Ken Ofori-Atta, disclosed...
BoG has printed ¢22b without parliamentary approval – Ato Forson alleges
Former Deputy Finance Minister, Dr. Cassiel Ato Forson has accused the government of encouraging the Bank of Ghana to print an amount of GH¢22 billion without...
Minority MPs chant ‘away’ as Ofori-Atta presents 2022 mid-year budget
The Members of Parliament (MPs) on the Minority side have chanted calls for the Minister of Finance, Ken Ofori-Atta, to resign.The call by the...
CIIG Awards: Multimedia Group crowned ‘Insurance Media House’ of the Year 2021
The Multimedia Group has been crowned the Insurance Media House of the Year 2021 at the 2022 Chartered Insurance Institute of Ghana (CIIG) Awards...
Over 30% of countries at near-debt distress – IMF Boss
More than 30% of emerging and developing countries are at or near debt distress, Managing Director of the International Monetary Fund, Kristalina Georgieva, has...
Euro falls below dollar for first time in 20 years
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency...
Full list: Govt’s 39 answers to frequently asked questions about IMF support
On Friday, July 1, 2022, President Akufo-Addo directed the Finance Minister, Ken Ofori-Atta, to engage the International Monetary Fund (IMF) to support Ghana’s economy.This...
Ghana’s public debt hits ¢391bn as of quarter 1, 2022
Ghana’s public debt stock remarkably shot up by ¢40.1 billion to ¢391.9 billion as of the end of March, 2022, the Summary of Economic...
Adidas and Gucci face backlash over $1,600 umbrella that doesn’t protect from rain
A parasol set to be sold in China by top western brands Gucci and Adidas for 11,100 yuan (£1,329) is causing an outcry for...
How the dismissed PPA CEO cleared all the funds in his “frozen” bank accounts
Information available to The Fourth Estate indicates that the dismissed chief executive officer of the Public Procurement Authority (PPA), Adjenim Boateng Adjei, has withdrawn all the money from...
E-Levy: Supreme Court dismisses application for interlocutory injunction
An interlocutory injunction application being sought by the Minority in parliament on the operationalisation of e-levy pending the determination of a substantive case before...
E-levy will apply to your tithes – Telecomms Chamber CEO confirms
Chief Executive Officer of the Ghana Chamber of Telecommunications, Ken Ashigbey, has confirmed that the Electronic Transfer Levy (e-levy) will affect tithes.“Currently as it is,...
UMB celebrates staff contribution to 50 years of growth
Universal Merchant Bank, a leading indigenous Ghanaian bank, has marked its Jubilee May Day celebrations to its staff; both current and alumni. As all...
BoG warns public over ‘Sidicoin’ cryptocurrency investment scheme
The Bank of Ghana (BoG) has cautioned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana.In a statement...
Not only blogs & YouTube, e-commerce space should be taxed entirely – Mark Okraku-Mantey [Video]
Deputy Tourism and Creative Arts Minister, Mark Okraku-Mantey, has voiced out the need for government to tax Ghanaians operating businesses in the e-commerce space.According...
Elon Musk offers to buy Twitter for $41 billion
Elon Musk has offered to buy Twitter for about $41 billion in cash, saying the social media company he has often criticized needs to go...
No real estate company is authorised to charge in dollars; it weakens the Cedi – BoG
The Bank of Ghana (BoG) says no real estate company in the country has been authorised to price or transact business in foreign currencies.Head...
Rihanna debuts on ‘Forbes’ Billionaires list
Rihanna, the good girl gone bad, has done better than most.The 34-year-old pop star, entrepreneur and expecting mum is a fully paid-up member of Forbes’ billionaire...