Finance

African leaders seek remedies, with 20 million job losses and shrinking GDP expected

The African Union (AU) has projected a contraction across the continent’s economies and the loss of almost 20 million this year amid the fallout...

COVID-19: Govt promises GHc 600 million soft loans for SMEs with one year debt moratorium

President of the Republic, Nana Addo Dankwa Akufo-Addo, has announced some GH¢ 600 million soft loan support for all micro, small and medium scale...

Govt absorbs 3 months water bill for all Ghanaians

All Ghanaians will not be paying water bill for the next three months as government will absorb all the costs.President Nana Akufo-Addo in his...

READ: Finance Minister’s address to Parliament on Coronavirus pandemic

The Finance Minister, Ken Ofori-Atta, on Monday, presented to Parliament, the measures taken by the government to mitigate the likely impact the Coronavirus pandemic...

Medical Credit Fund makes it to ImpactAssets50

Medical Credit Fund has earned a place on the ImpactAssets50 (IA 50), an international scheme that recognizes impact investment funds worldwide.IA 50 includes...

Finance Minister’s Parliament appearance postponed over Akufo-Addo’s address tonight

The expected appearance of Finance Minister, Ken Ofori-Atta in Parliament on Friday, March 27, 2020, has been postponed.The postponement of his scheduled meeting with...

Sekyere- Kumawu D/A to lay-off workers over coronavirus

Authorities at Sekyere-Kumawu District Assembly say they are compelled to lay-off some of its 42 revenue collectors as a safety measure in the prevention...

BoG threatens to sanction banks that defy ‘COVID-19 liquidity policies’

The Bank of Ghana (BoG) has indicated that it would not hesitate to sanction banks that fail to comply with rules governing the recent...

Coronavirus: BoG projects 4.3% decline in GDP growth over Coronavirus

An assessment of the adverse economic impact of the novel coronavirus on the Ghanaian economy has been made by Bank of Ghana (BoG).The...

Coronavirus conference cancelled

The Council on Foreign Relations (CFR) has cancelled a round-table conference called 'Doing Business Under Coronavirus' scheduled for Friday in New York due to the spread...

Kingdom Exim Group offers 5% revenue from private weigh bridge to Bono East

The Techiman North District of the Bono East region is set to benefit 5% of revenue from a private weighbridge installed and operated by...

GETFund Scholarship brouhaha: GETFund sets record straight

The Administrator of the Ghana Education Trust Fund (GETFund), Richard Boadu, has accused the Auditor General of not conducting a diligent performance audit report...

Freight Forwarders bare teeth at govt over UNIPASS take-off

It is now clear that the government is going ahead with the implementation of what its calls the new end to end customs management...

Collapse of Menzgold, others cause of economic hardship – IEA

The collapse of MenzGold & DKM Savings and Loans has been cited as a major cause of economic hardships in the country today.Speaking...

Debt accumulation rate slowed to lowest in a decade – Bawumia

Vice President Dr Mahamudu Bawumia has said the New Patriotic Party (NPP) under President Nana Akufo-Addo’s administration has achieved the lowest debt accumulation rate...

Finance Minister defends borrowing habit despite concerns raised by IMF and World Bank [Video]

Finance Minister, Ken Ofori-Atta, has mounted a defense for government’s incessant borrowing despite cautions from the International Monetary Fund (IMF) and World Bank to...

Ghana risks being classified high debt distress country – World Bank, IMF

The International Monetary Fund (IMF) and World Bank have cautioned Ghana against excessive borrowing amidst concerns the country risks being classified as a high...

Nobody eats GDP – AfDB President

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development...

Jeff Bezos adds $13.2 Billion to his fortune in just minutes

Jeff Bezos just got a whole lot richer.Shares of his Amazon.com Inc. surged 12% to $2,100 in extended trading at 4:16 p.m. in New York, after the largest U.S....

ECO: West African Central Bank governors begin talks on single currency

The Central Banks in the ECOWAS sub-region on Tuesday, January 14, 2020, began an extra-ordinary general meeting to deliberate on issues relating to the...

Gov’t effort not to overspend in 2020 likely to fail – Economist

Senior Lecturer at the Department of Finance at the University of Ghana Business School, Dr Lord Mensah, has trivialized governments claim to not overspend its...

BoG introduces new Cedi notes

The Bank of Ghana (BoG) says it is not shifting away from pursuing a cashless society policy with the introduction of new banknotes.READ THIS:...

How Ghanaians are reacting to BoG’s new GH₵ 2 coin, 100, 200 Cedi notes

Following the release of GH₵ 2 coin, 100 and 200 Cedi notes into the circulation by the Bank of Ghana, a number of...

Bank of Ghana releases GH₵ 2 coin, 100, 200 Cedi notes

The Bank of Ghana has released specimen of new GH₵ 100 and GH₵ 200 Cedi notes that are expected to be in circulation soon.The...

Photos: Man breaks ‘susu’ boxes he started on 1st January; makes GH¢ 2,838

A gentleman, identified on Twitter as Derrick Adjei-Djan, has stirred social media with latest photos of his piggy bank known locally as 'susu...

Economic growth not driven by oil – Finance Minister says

Finance Minister, Ken Ofori-Atta, in his 2020 budget presentation to Parliament, said Ghana’s economic growth is not primarily driven by oil, but the economy's...

A look at Ghana’s 2019 fiscal performance captured in 2020 Budget

 The Finance Minister, Ken Ofori-Atta, has said provisional fiscal data present indicates that government’s fiscal operation of the first nine months of 2019 shows...

Govt committed to safeguarding macroeconomic gains– Ken Ofori-Atta

Finance Minister, Ken Ofori-Atta, in his 2020 budget presentation, has assured Ghanaians of government’s commitment to strict fiscal discipline and pledged to maintain the...

Infographics: Highlights of 2020 budget statement

The Finance Minister, Ken Ofori-Atta has presented before Parliament the 2020 budget statement and economic policies set to drive Ghana's economy in the coming...

Expert cautions govt over tax increment on alcohol and tobacco in 2020 budget

William Owusu Dimitia, a tax expert, has cautioned the government against proposals to increase taxes on the consumption of alcohol and tobacco in the 2020 budget.READ...

Banking crisis: Submission date of ‘proof of debt forms’ extended for customers

The Receiver of collapsed financial institutions, Eric Nana Nipah, has extended the deadline for the submission of ‘Proof of Debt forms’ to Friday, September 27, 2019.The...

High court orders closure of Nsawam GCB branch

The Koforidua High Court on Thursday morning ordered for the closure of the Nsawam branch of GCB Bank due to its failure to release...

Audio: Telecoms Chamber reacts to 3% increase in ‘Talk Tax’

The Ghana Chamber of Telecommunications is shocked at the increment of the Communications Service Tax from 6% to 9%.The increment, according to the Chief...

Infographics: All you need to know about 2019 Mid-year Budget Review

Finance Minister, Mr Ken Ofori-Atta on Monday, July 29, 2019 presented the 2019 Mid-year Budget Review in Parliament.The infographics below details the government's efforts...

Video: Fire guts NIB building at Kokomlemle

The Kokomlemle office of the National Investment Bank (NIB) was on Sunday evening gutted by raging fire.No casualties were recorded in the unfortunate...

Breaking news: Nduom sues government

A subsidiary of Groupe Nduom, Ghana Growth Fund Company Limited, has sued the government of Ghana over debts owed it.The company, in a suit...

All you need to know about Loom Money Ghana

There’s a new ‘quick money scheme’ going viral in Ghana called 'Loom Money'. With Loom Money, all you need to do is to invest...

Golden Empire, Loom unlicensed – SEC

The Securities and Exchange Commission (SEC) has cautioned the public against Golden Empire and Loom as the regulator confirms they are unlicensed.According to the...

Opportunity International Marks Staff Welfare Day With a Health Walk and Donation to Akropong School for the Blind

The Management and staff of Opportunity International Savings and Loans (OISL) drawn from various branches of the company, embarked on a 5-kilometer health walk...