Dormant accounts with NIB to be transferred to BoG
The National Investment Bank (NIB) has issued a notice of its intention to transfer a list of dormant customer accounts to the Bank of...
China declares all crypto-currency transactions illegal
China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin."Virtual currency-related business activities are illegal...
Agenda 111: Institute of Architects takes govt on
The Ghana Institute of Architects says government did not follow laid down procedures to award a design contract recently.The company was awarded the contract...
Media must help to convince 33,000 professionals to pay taxes – Oppong Nkrumah
The Minister of Information, Kojo Oppong Nkrumah, is courting the support of the Ghanaian media to convince some 33,000 professionals to meet their tax...
$1bn IMF support arrives
Ghana will today receive $1 billion from the International Monetary Fund (IMF) as free unconditional money to be spent to support the economic recovery...
Oil producing nations agree deal to control prices
Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.The Opec cartel...
Time for new presidential jet — Defence Minister
The Minister of Defence, Dominic Nitiwul, has said the time is ripe for the nation to acquire a new and befitting presidential jet.This is...
1,098-carat stone believed to be third largest diamond found in Botswana [Photos]
One of the world's largest diamonds has been unearthed in Botswana, the country's government has announced.The 1,098-carat stone, believed to be the third largest "gem-quality"...
Bitcoin falls further as China cracks down on crypto currencies
The price of Bitcoin has fallen below $40,000 (£28,210) for the first time in three months, after China imposed fresh curbs on crypto-currencies.Beijing on...
Apple hacked: Hackers steal plans for upcoming products
Apple is facing a ransomware demand after a group of cybercriminals stole confidential plans for the company’s upcoming products from a supplier.The “Sodin” group,...
Most Ghanaians don’t know how their taxes are used – Afrobarometer
An Afrobarometer report has revealed that many Ghanaians do not understand what their taxes are used for.The 2021 survey conducted by the research network...
Kwaku Bonsam sets records straight on ‘spiritual money-doubling’
Spiritualist Kwaku Bonsam has cautioned Ghanaians to be cautious of people advertising money-doubling schemes on television and social media.He explained that there is no...
Bank of Ghana exploring possible launch of its own digital currency
The Bank of Ghana (BoG) is exploring the launch of a Central Bank Digital Currency. This is according to the Second Deputy Governor of...
Apple to finally let repairers in Ghana, other countries sign up to repair & spare parts programme
Apple’s Independent Repair Provider programme will soon be available in more than 200 countries, nearly every country where Apple products are sold.Launched originally...
Dr Gideon Boako: Ghana’s novel zero-coupon bond
Ghana is the first Sub-Saharan African country to issue a foreign currency-denominated zero-coupon bullet tranche to its bond financing mix, enabling it to create...
Top U.S. singer asks judge to end father’s control over her finances and personal life
Britney Spears has officially asked a judge to permanently end her father’s control over her finances and personal life.The singer, 39, has been subject...
Kanye West now worth $6.6 billion; makes him richest black person in US
Kanye West is now worth a staggering $6.6 billion, as revealed in a new Bloomberg report and confirmed by a representative to Billboard.According to...
How to own a piece of Rwanda as a Ghanaian
Rwanda says it is giving Ghanaians a foot-in-the-door advantage to become business owners in the country and to take advantage of an integrated border...
2021 Budget: Arts, Entertainment, and Hospitality get tax break
Government has granted tax breaks to companies within the arts, entertainment and hospitality sector.Minister for Parliamentary Affairs and interim Finance Minister, Osei Kyei-Mensah-Bonsu, said this...
Budget 2021: Era of abandoning viable projects over – Mensah-Bonsu
Acting Finance Minister, Osei Kyei-Mensah-Bonsu has christened the 2021 budget as that of “Completion, Consolidation, and Continuation”.According to him, the era of abandoned projects...
China at rest as ‘missing’ Jack Ma resurfaces
After going off the public scene since October last year, China's ex-richest man and founder of Alibaba, Jack Ma has resurfaced.Jack Ma resurfaced for...
Standards Authority takes new decision on importation fee
The Ghana Standards Authority (GSA) has agreed to maintain its old fees for the registration of importers.This agreement was reached after a consensus-building meeting...
Cedi loses value to dollar 11 days into 2021
The Central Bank has affirmed its commitment to stabilizing the local currency for in the first quarter of this year.The Bank’s affirmation follows the...
Elon Musk’s strange reaction to becoming world’s richest
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person in the world - a feat he himself finds...
Agyapa royalties: Financial institutions in UK urged to review and withdraw from deal
Transparency International has urged the UK Financial Conduct Authority (FCA) to make detailed inquiries into Ghana’s application to list Agyapa Royalties Limited on the...
GIPC, German Cooperation sign €762,300 financing agreement
The Ghana Investment Promotion Centre (GIPC) has signed a €762,300 financing agreement with the German Federal Ministry for Economic Cooperation and Development to help...
The 10 highest-paid celebrities of 2020
The world’s highest-paid celebrities list has dropped once again.In 2020, Forbes estimated that the 100 celebrities ranked earned a stunning $6.1 billion before taxes and fees, which is actually down from 2019.The...
Forbes names Nigeria’s former Finance Minister as ‘Africa Person of the Year 2020’
Forbes has named Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala as the 'Africa Person of the Year 2020.'Forbes Africa tweeted on Tuesday, December 1: "The 2020 #AfricanOftheYear...
EOCO to prosecute directors of collapsed Fund Management firms
Anti-graft institution, the Economic and Organised Crime Office (EOCO), says it intends to prosecute Directors of the collapsed 53 Fund Management Companies (FMCs).Speaking at...
FULL TEXT: Ken Ofori-Atta’s last budget before 2020 elections
2021 EXPENDITURE IN ADVANCE OF APPROPRIATIONWEDNESDAY, 28TH OCTOBER, 2020SUBMITTED BY KEN OFORI-ATTA MINISTER FOR FINANCEON THE AUTHORITY OF HIS EXCELLENCY NANA ADDO DANKWA AKUFO-ADDO,...
Akufo-Addo’s important message to Ghanaian enterprises
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has reiterated the government’s commitment to assisting Ghanaian enterprises to take advantage of the coming...
SIC Insurance holds 13th annual general meeting
The Chairman of the Board of Directors of Ghana’s largest general insurer, SIC Insurance Company, Dr. Ben Jimmy Heymann, has assured shareholders and key...
Registrar-General begins payment of bailout funds of first batch of investors
The Official Liquidator of Fund Management Companies, the Registrar-General has started paying off the bailout funds of the first batch of investors.This comes after...
Ghana’s Embassy in Belgium ordered by ING Bank to withdraw all its funds and close accounts
Ghana’s Embassy in Belgium capital, Brussels, has been ordered by its banker to withdraw all its money so that the bank will proceed to...
China has a new richest person, Jack Ma dethroned
A bottled-water and vaccine tycoon has become China’s wealthiest person in a day also marked by massive losses among the world’s tech elite.Zhong Shanshan’s...
Zambia suspends debt service payments on loans totaling $3 billion
The Zambian Finance Ministry has suspended debt service payments to holders of its securities amounting to US$ 3 billion.The Ministry, prior to the Covid-19...
Ghanaian woman extradited to US to face over $10m fraud-related charges and ‘sakawa’
A 33-year-old Ghanaian lady has been extradited to the United States (US) to face fraud-related charges.Deborah Mensah is wanted by the United States Department...
Good news for staff of collapsed banks (Video)
Just as customers of liquidated fund management firms are to receive their deposits, the staff of collapsed banks will also be paid their salary...
Defunct ‘DKM’ customers to receive their deposits by October
President Nana Akufo-Addo has given the assurance that government will pay back the deposits of all customers of the defunct DKM micro-finance company by...
Govt to borrow GH¢22.7bn within next 3 months – Finance Ministry
The government will borrow GH¢22.7 billion within the next three months, beginning this month.According to the Bank of Ghana's issuance calendar, GH¢19 billion...