Finance

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...

Bawumia to speak on Ghana’s economy on April 7

Vice President Dr Mahamudu Bawumia will on April 7, 2022, speak on the Ghanaian economy, his spokesperson, Dr Gideon Boako, announced on Tuesday, March 22, 2022.Following...

Let’s vote NPP out if they fail to account for the E-levy – Mr Logic

Controversial radio and TV personality, Mr Logic, says Ghanaians should vote out the New Patriotic Party (NPP) if they fail to account for the...

All you need to know about E-levy

The Ministry of Finance has released a list of questions that are likely to be asked by members of the general public in respect...

Kwame A Plus speaks on E-levy

Musician and political activist, Kwame A Plus, has taken to his social media to address his followers after Parliament approved the controversial Electronic Transactions...

Fair-minded citizens who spoke up during Mahama’s regime must speak now – Franklin Cudjoe

The founding President and Chief Executive Officer of the IMANI Centre for Policy and Education, Mr. Franklin Cudjoe, has urged Ghanaians who criticised the...

Apiate explosion: Maxam fined $6 million

Maxam Ghana Limited, the company at the centre of the explosion that occurred at Apiate in the Prestea Huni-Valley Municipality of the Western Region, has...

We’ve provided $430 million to Ghana to fight Covid-19 – World Bank

World Bank Country Director, Pierre Frank Laporte, has revealed that the World Bank has provided the government of Ghana $430 million to fight the...

Apiate explosion: This is how much govt is losing weekly over Maxam shutdown

Most mining companies that receive supply of explosives from Maxam may have to cut production if moves to get Maxam to resume production is...

Ghanaians are not against E-Levy – Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta, says Ghanaians are not against the Electronic Transaction Levy aka E-Levy, following his interactions with citizens in some constituencies...

Ghana’s debt moves deeper into distress as investors lose patience

As the era of cheap money draws to an end, bondholders are no longer prepared to cut Ghana any slack.Ghana’s dollar bonds have...

Fact check: An ex-CIA agent did not confess to infecting Bob Marley with fatal cancer

The claim is several years old, but a 2019 post to the Instagram page Submit Conspiracy Theories recently gained renewed attention.The page is a place for followers...

ICED receives $US1.56m grant for new research

The International Centre for Evaluation and Development (ICED) has received a US$1.56 million grant from the Bill & Melinda Gates Foundation to fund its...

Thugs set newly-built police station ablaze [Photos]

Unidentified thugs have set fire into a newly constructed police station at Tenbibian in the Ga South Municipality of the Greater Accra Region.The station,...

World’s most expensive city to live in revealed

Tel Aviv has been named as the most expensive city in the world to live in, as soaring inflation and supply-chain problems push up...

2022 Budget: We will reinstate road tolls if… Says Asiedu Nketia

General Secretary of the opposition National Democratic Congress , Johnson Asiedu Nketia, has raised concerns over the 'poor' decision by the New Patriotic Party...

E-Levy: Anyone who transacts over Ghc100 a day is not poor – Ursula Owusu

The Minister for Communications and Digitalisation, Mrs Ursula Owusu-Ekuful, says anyone who transacts more than 100 Ghana Cedis on Mobile money a day cannot...

We’re eagles, let us fly – Finance Minister charges Ghanaians

The Finance Minister, Ken Ofori-Atta, has charged Ghanaians to “eschew the language of poverty of aspiration” and embrace greatness.Citing Tony De Mello in the...

Restructured Agyapa Royalties Agreement to be submitted to Parliament

The government has disclosed its intention to submit a restructured Agyapa Royalties Agreement to Parliament for approval.Finance Minister, Ken Ofori-Atta, made this known when...

Elon Musk mocks Jeff Bezos as he extends lead as world’s richest man with $222 billion

Elon Musk has come through on his promise to send Jeff Bezos a silver medal now that the Tesla CEO has surpassed the Amazon founder to become...