Accountant General suspends August salaries of 7000 workers
Controller and Accountant General’s Department has suspended salaries of seven thousand workers in the public sector.
This is because their heads of department have failed...
‘Curses from UT Bank customers caused Bank’s collapse’
Curses upon curses rained on the founder of the UT Bank by customers of the Bank and all who went to the institution for...
Ofori-Atta pushes for Ghana as an International Financial Centre
Finance Minister, Ken Ofori-Atta, has said with a stable political climate, sustained macroeconomic indicators, an advantageous geographical positioning, and strengthened local banks, the country...
Ghana Free Zones bag $30.9 billion
Available data reveal that companies operating under the Ghana Free Zones Board (GFZB) have generated a total of $30.9 billion from exports as of...
Finance ministry starts settling GH¢3.4 billion govt debt
The Ministry of Finance has begun the process of settling its indebtedness of GH¢3.4 billion to some companies as part of efforts to save...
Confidence in Ghana’s economy bouncing back – Ofori-Atta
Finance Minister Ken Ofori-Atta has said confidence in the Ghanaian economy is bouncing back following prudent policies being pursued by the Akufo-Addo government.
According to...
Capital Bank introduces instant inter-bank transfers on ATM
Customers of Capital Bank now have the opportunity to transfer cash from the bank’s ATM to any other bank in Ghana instantly.
The service, the...
Banking sector well capitalized – BoG
Even before it releases its July 2017 Banking Sector Report, the Bank of Ghana (BoG) says the banking sector remains sound, well capitalised and...
Finance Minister reschedules mid-year review presentation to July 31
Finance Minister Ken Ofori-Atta has rescheduled his presentation of the mid-year review to Monday July 31.
The minister was initially expected to have carried out...
Ghana’s debt now GH¢137 billion
The total public debt for the country as at May this year has reached ¢137 billion putting the debt-to-GDP ratio at 67.5%, a summary...
Ghana’s debt stock hits ¢137 billion – BOG
The total public debt for the country as at May this year has reached ¢137 billion putting the debt-to-GDP ratio at 67.5%, a summary of...
Base pay goes up by 11 percent
Social partners made up of the government, labour unions and employers have agreed to an 11 per cent increase in the base pay on...
Inflation drops to 12.1%
Inflation has dropped again for the month of June from 12.6 percent in May to 12.1 percent.
This is the lowest since December 2013.
The marginal...
CDH BFund make impressive gains as economy, GSE declines
In 2016, Ghana’s economy grew by a paltry 3.2%, while the Ghana Stock Exchange (GSE) recorded negative growth at all levels, but the CDH...
China’s $9tn bond market opens up to foreign investors
A long-awaited scheme enabling foreign investors to buy and sell Chinese bonds has been launched.
The Bond Connect programme is Beijing’s latest attempt to open...
Govt asks IMF to extend aid deal
Government has asked the International Monetary Fund (IMF) to push back the end date of its $918 million aid programme from April 2018 to...
Ghana to increase US$33m exports to Poland
In line with the country’s growth agenda, The Ghana Chamber of Commerce has signed a cooperation agreement with the Polish Chamber of Commerce expected...
US$3bn lost in export proceeds annually – BoG
Ghana loses more than US$3 billion annually from export proceeds, a third of the nation's export value, due to exporters flouting foreign account regulations,...
Minority angry over ‘suspension’ of VAT collection
The Minority has filed a motion in Parliament aimed at stopping the Ghana Revenue Authority (GRA) and the Finance Ministry from suspending advertising the...
Inflation will decline further to 11.2% – ISSER
All things being equal, inflation will decline further to 11.2 per cent by the end of 2017, the Institute of Statistical, Social and Economic...
Gov’t secures GHS739 million in 3-year bond sale
Government secured GHS739.39 million in bids from investors in Thursday's 3-year bond auction but accepted GHS705 million.​Government is expected to pay an interest of...
BoG sets GH¢200m capital for banks
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive...
Public debt hits GH¢127.1bn
A summary of Economic and Financial data from the Bank of Ghana (BoG) has revealed that Ghana’s total public debt stock has increased to GH¢127.1billion...
Ghana Export Promotion Authority targets $4 billion in 2017
The Ghana Export Promotion Authority (GEPA) is targeting $4 billion in non-traditional export (NTEs) earnings for 2017.The target represents a big leap from the...
Ghana’s debt hit GHc129.5bn – BoG
Ghana’s public debt has reached GHc129.5 billion according to Bank of Ghana’s Summary of Economic and Financial Data issued Friday May 19, 2017.This represents...
Debt levels decline to 62% of GDP
The Finance Minister, Ken Ofori-Atta, has disclosed that the country’s debt, as a percentage of GDP, has declined from the 73 percent recorded last...
Gov’t has saved GH¢612m by debt re-profiling – Finance minister
The move to re-profile the country’s debt has saved the nation GH¢612million, Ken Ofori-Atta, the Finance Minister, has said.“Our potential savings on domestic interest...
Ministry of Finance announces fresh appointments
The Ministry of Finance has appointed new officers to key positions in the Ministry in a bid to help push the reforms the government...
Bank savings accounts are not investment accounts
Savings consists of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he...
World Bank gives Ghana $1.2bn
The World Bank’s International Development Association (IDA) will provide Ghana with an amount of $1.2 billion from July 2017 to June 2020 to support...
World Bank gives Ghana $1.2bn over the next 3 years
The World Bank’s International Development Association (IDA) has committed US$1.2 billion to support Ghana’s economy over the next three years.The allocation, which will span...