Finance

Minister of Finance, Ken Ofori Attah, has revealed that government will soon impose tax on luxury cars with an engine capacity of 3.0 litres...

Scared of opening your loan statement because of how much interest has accumulated? Can’t stop wondering what not-so-great reports from Wall Street mean for your...

Hello Dr. Governor, I dare say that whereas the GHC400 million (US$88.5 million) minimum capital requirement (MCR) you have placed on banks is not a...

Last month, ahead of his ill-fated African tour, then US secretary of State Rex Tillerson warned African governments about the amount of debt they were amassing...

The Consumer Price inflation has increased to 10.6 percent in February from 10.3 percent recorded in January. The marginal increase is being attributed mainly to an...

For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as...

Investors are very upbeat about growth projections and could turn to Ghana for more business, RMB Research’s 2018 outlook on African countries has pointed...

Government’s decision to construct rail line from Accra to Ouagadougou has been given a major boost as Burkinabe Transport Minister, Souleymane Soulama has arrived...

Government has agreed to transfer GH¢3.1 billion to the custodian accounts of the pension schemes of the labour unions, called the Forum, by December...

The Bank of Ghana in 2015 raised the minimum paid-up capital requirement of all rural and community banks in Ghana from GH¢300,000 to GH¢1million. All...

Ghana, together with six other African countries,have accounted for more than 75 percent of the sovereign debt issued so far in Africa, the World...

The total monetary value involved in all reported fraud cases by financial institutions, both successful and attempted, for the year 2016 amounted to approximately...

Despite the massive improvements recorded in digital payments among individuals, businesses and the government, cash still remains the predominant mode of payment in terms...

For many years now, some goods sold and services rendered in the country are priced in United States dollars and not the local currency,...

Privately managed pension funds have maintained their robustness in growth over the past four years, with contributions under the tier two and three schemes...

The Bank of Ghana (BoG) has officially revised the minimum capital of banks to GH¢400 million, in a public notice that also seeks to...

The Bank of Ghana will formally direct banks in the country to recapitalise to GH¢400 million, equivalent to about US$100 million on Monday September...

The local currency, the cedi, is expected to strengthen against the US dollar for the rest of the year as economic growth outperforms earlier...

The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking...

South African based research firm, RMB Research, has lauded the government's decision to agree an extension of the IMF bailout programme with Ghana, noting...

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 upon curses rained on the founder of the UT Bank by customers of the Bank and all who went to the institution for...

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...

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...

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...

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...

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...

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 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...

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...

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...

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 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...

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...

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...

Government has asked the International Monetary Fund (IMF) to push back the end date of its $918 million aid programme from April 2018 to...

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...

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,...

The Minority has filed a motion in Parliament aimed at stopping the Ghana Revenue Authority (GRA) and the Finance Ministry from suspending advertising the...

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...