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...
Clients of collapsed fund managers arrested for picketing at Finance Ministry
The spokesperson of the Coalition of Aggrieved Customers of the 53 Collapsed Fund Management Companies, Charles Nyame and one other person have been arrested...
Jeff Bezos is world’s first-ever $200 billion man
Jeff Bezos is giving a whole new meaning to the title of world’s richest man.The Amazon Chief Executive Officer's (CEO) net worth soared to a record $200 billion...
NPP’s Cape Coast airport manifesto promise doesn’t make economic sense – Lecturer
A senior lecturer at the University of Ghana Business School (UGBS) has said the promise by the New Patriotic Party (NPP) to construct an...
Parliament approves controversial Agyapa Mineral Royalty agreement despite walkout by Minority
Parliament has approved the controversial Agyapa Mineral Royalty Limited agreement with the Government of Ghana despite a walkout by the Minority.Two years ago, parliament...
MTN aYo outline new benefits for clients
MTN aYo Insurance has doubled the benefits on its Recharge with Care (RwC) policy for customers, effective August 1, 2020.The policy is two-fold -...
Gold price rises above $2,000 for first time
Gold has topped $2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic.Investors have moved cash into the...
I’m unable to sleep for more than 4 hours – Ken Ofori-Atta reveals
Finance Minister Ken Ofori-Atta says he is unable to sleep for more than four hours a day due to the nature of his job....
This is the time to borrow – Economist defends govt’s borrowing
Dr Owusu Sarkodie, an economist at the Institute of Fiscal Studies, has defended borrowings made by the government to fight against the Covid-19 pandemic...
Finance Minister justifies GH¢ 10 billion BoG loan
Minister for Finance, Ken Ofori-Atta, has justified the government’s GH¢ 10 billion loan from the Central Bank.Presenting the 2020 Mid-Year Budget Review on Thursday,...
Ken Ofori-Atta replies Bishop Agyin-Asare in 2020 Mid-Year Budget Review
Minister for Finance, Ken Ofori-Atta, has hit back at the Presiding Bishop of Perez Chapel International, Bishop Charles Agyinasare.Presenting the 2020 Mid-Year Budget Review on...
Seth Terkper advises Ken Ofori-Atta ahead of 2020 mid-year budget review
Former Finance Minister, Seth Terkper, ahead of this year’s mid-year budget review, has advised the current Finance Minister, Ken Ofori-Atta to reconcile the country’s...
Govt possibly using Covid-19 funds to finance existing debts – Seth Terkper says
Ghana’s former Finance Minister, Seth Terkper, says the government could be using Covid-19 funds to finance existing debts on the blind side of Ghanaians.According...
Major US Twitter accounts hacked in Bitcoin scam
Billionaires Elon Musk, Jeff Bezos and Bill Gates are among many prominent US figures targeted by hackers on Twitter in an apparent Bitcoin scam.The...
Covid-19: Finance Ministry shuts down
The Ministry of Finance has shut down its offices to allow ongoing mass testing of all staff working on site.To this effect, a memo...
How to become a billionaire – 7 characteristics of the rich & wealthy
In 1916, John D. Rockefeller, the father of the petroleum industry, became the world’s first billionaire.Nearly a century later in 2015, there were...
Seth Terkper’s view: BoG reversing its stance on budget deficit financing
IntroductionDuring the decade-long Global Financial and other crisis from 2008, BOG did not apply any of its fiscal powers under the Act 612. On...
More troubles for Menzgold as Payboy terminates contract
Payboy Company Limited, the payment company that was recently appointed by Menzgold Ghana Limited to negotiate a settlement with its unpaid customers says it has terminated...
COVID-19 and cedi depreciation to push debt stock to 76.8% of GDP – Seth Terkper
Former Finance Minister, Seth Terkper, has revealed that the nation’s debt stock to Gross Domestic Product (GDP) could go as high as 76.8 per...
Seth Terkper’s point of view: Is deficit financing back?
IS DEFICIT FINANCING BACK: BOG 2020 BUDGET DEFICIT SUPPORT AT 53%?Seth E. TerkperIntroductionIt seems the Bank of Ghana (BOG) May 2020 Monetary Policy Committee...
Seth Terkper writes: Public debt higher than BoG’s 59.3% of GDP
PUBLIC DEBT HIGHER THAN BOG’s 59.3 PERCENT: CAN’T DEFY GRAVITY WITHOUT BOGIntroductionThe Bank of Ghana (BOG) Monetary Policy Committee (MPC) Report for May 2020...
Bankers Association appoints John Awuah as deputy CEO
The Ghana Association of Bankers has appointed the former Chief Executive Officer (CEO) of the Universal Merchant Bank, John Awuah as the Deputy Chief Executive...