No Jobs were lost during banking sector clean-up – Dr. Mark Assibey-Yeboah [Video]
Chairman of the NPP Manifesto Sub-Committee on the Economy, Dr. Mark Assibey-Yeboah, says no jobs were lost during the government's 2017 banking sector clean-up.Speaking...
Finance Ministry replies Trafigura over $134m judgement debt
The Ministry of Finance has assured it is on course to pay the $134 million judgment debt owed to Oil conglomerate Trafigura.In a statement,...
Excessive port charges hurting businesses in Ghana – GIFF chairman [Video]
Romeo Frimpong, Chairman of the Monitoring Committee of the Ghana Institute of Freight Forwarders (GIFF) in the Tema District, has expressed concern over the...
Fund Managers to be engaged as GH₵700m of GH₵1.5bn bailout is set for release
Heads of defunct fund management firms are being called to meetings in the coming days to discuss the distribution of an initial GH₵700 million...
Govt to release GHS1.5 billion securities bailout in three tranches
The government plans to release GHS1.5 billion in three tranches to affected securities investors as part of the 2019 licence revocation.According to the Securities...
Billionaire completes first private spacewalk
A billionaire and an engineer have become the first non-professional crew to perform one of the riskiest manoeuvres in space - a spacewalk.
Jared Isaacman...
Proposed energy sector merger could threaten electricity affordability – IES warns
The Institute for Energy Security (IES) has raised concerns about a draft bill proposing the merger of key energy institutions, including the Volta River...
Business confidence dipped due to rapid exchange rate depreciation in May 2024 – BoG report
The Bank of Ghana (BoG) in its latest Monetary Policy Report has revealed that confidence surveys conducted in June 2024 indicated some softening of...
Ghana committed to adding nuclear power to energy mix – Minister
A Deputy Minister of Energy has affirmed Ghana’s commitment to adding nuclear power to the country’s energy mix.Speaking at the second edition of the...
Ghana records 10% fall in FDIs in 2023, lowest over past decade
Ghana recorded a 10.0% drop in Foreign Direct Inflows in 2023 relative to 2022, the lowest inflow over the past decade and 28% lower...
Sale of hotels: Claim SSNIT is making losses untrue – Abraham Koomson
The General Secretary of the Ghana Federation of Labour (GFL), Abraham Koomson, has expressed concerns about the decision by the Social Security and National...
Next of Kin does not automatically inherit bank accounts – BoG
The Bank of Ghana (BoG) has urged the public to carefully select their next of kin, emphasizing the importance of choosing someone who is...
PAC cautions Assemblies against paying below minimum wage
Any District, Municipal and Metropolitan Assembly found culpable of paying its casual workers below the nationally mandated minimum wage will be prosecuted, Dr James...
SanlamAllianz Life Insurance CEO: We’re backing our prompt-payment promise with admirable service experience
The CEO and Managing Director of Sanlam Allianz Life Insurance Ghana, Tawiah Ben-Ahmed, has promised that the merger of Sanlam and Allianz Insurance is...
Access Bank Ghana plc celebrates 15 years of ‘more than banking’
Access Bank (Ghana) Plc is marking 15 years of pioneering banking in Ghana, celebrating a journey of growth, innovation, and excellence.Over the next 12...
Bond market: Total turnover surged by 136.59% to GH¢2.1bn
Trading activities in the secondary market experienced a notable rebound last week.Total volume traded reaching GH¢2.1 billion and a transaction count of 127, marking...
Scrap e-levy now to gain voters’ trust – Bokpin tells Bawumia
Economist and professor of finance, Godfred A. Bokpin, has welcomed Dr Mahamudu Bawumia's proposal to scrap the electronic transaction level (E-levy) if elected as...
Ghana doesn’t need Mineral Development Bank – Bawumia told [Listen]
Banking consultant, Dr Richmond Atuahene has said Ghana does not need a Minerals Development Bank to increase gold reserves.According to him, Ghana does not...
Mahama’s promise to scrap bet tax will encourage more youth to gamble – NPP’s Nana Bediako
Nana Bediako, a member of the NPP’s Communications Team, has raised concerns about former President John Dramani Mahama’s promise to abolish the betting tax.Speaking...
Excessive tax exemptions eroding Ghana’s revenue potential – World Bank
The World Bank has expressed concern about the significant impact of tax exemptions on Ghana's revenue generation capabilities.The institution noted that, Ghana's tax system...
Gold Fields to buy Canadian miner Osisko in $1.57bn cash deal
Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after a rival offer scuppered...
Mahama pledges alternatives to controversial betting tax
Former President, John Mahama has pledged to explore alternatives to the contentious betting tax as part of his campaign strategy for the upcoming elections.Addressing...
Ghana to rely on T-bills, multilateral and bilateral lenders for financing until 2027
Due to a lack of access to the international market, the government’s financing during 2024-2026 is expected to be limited to multilateral and bilateral...
We need $271.7 bn to expand roads – Finance Minister
The country needs an estimated $271.7 billion to achieve its target of expanding the road network from 78,401km in 2016, to 253,000 km by...
Expand road tolling system to ensure equity – Bawumia
Vice President, Dr Mahamudu Bawumia has called for an expansion of Ghana's road tolling system to make it more inclusive and comprehensive.This proposal follows...
Economic growth favours the rich – ISSER
The country’s economic figures stand in sharp contrast with the daily economic hardships faced by citizens, the Institute of Statistical, Social, Economic and Research...
Global markets jittery after sharp share price falls
Stock markets in Europe remained unsettled on Tuesday despite a rebound in Japan which almost reversed record falls at the start of the week.London's...
MTN’s half year revenue hits ₵8.1bn, representing 31.1% jump
Telecommunications company MTN Ghana has recorded an increase in revenue of ₵8.1 billion for the first half of 2024.This represents a 31.1 percent jump...
Ghana Shippers’ Authority Bill, 2024, approved by Parliament
Parliament has successfully passed the Ghana Shippers' Authority Bill, 2024, into law following its third reading on the floor of the House on Monday,...
BoG acted rightly in disapproving Smith-Graham’s appointment as UMB Board Chair – Court
The High Court presided over by Justice Nana Brew dismissed an application for judicial review filed by George Smith-Graham, a former director of UMB...
Finance Minister to grace inaugural National Sales Leaders Conference in Accra
The Minister of Finance, Dr. Mohammed Amin Adam, will grace the inaugural National Sales Leaders Conference (NSLC) as the special guest of honour on...
AU endorses Akufo-Addo’s proposal for increased mobile money interoperability across Africa
The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa.The proposal, considered a crucial step toward...
IMF, Ethiopia reach deal for $3.4 billion in financing
Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday.Ethiopia's central...
Ghana ordered to pay GH¢95m judgment debt to West Blue contract termination – GRA boss reveals
The government is preparing to settle a GH¢95 million judgment debt to IT consultancy firm, West Blue Consulting, following the termination of its contract.This...
Finance Committee to recommend approval of $250m loan
The Finance Committee is set to propose to Parliament the approval of a $250 million loan designed to strengthen the financial sector.Committee Chairman Patrick...
Cedi depreciates 19.5% against dollar as of July 2024 – BoG
The Ghana cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of...
ECG suffers GH¢10.21bn loss in 2022
The Electricity Company of Ghana (ECG) suffered a GH¢10.21 billion loss in 2022, worse than the GH¢1.91 billion recorded in 2021.It represents more than...
Mid-Year Budget: I empathise with Ghanaians over challenging economy – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam has expressed his sympathy for Ghanaians amid the ongoing economic challenges.He noted that, the past two years...
GRA exceeded mid-year target by 0.2% – Finance Minister
The Ghana Revenue Authority (GRA) has surpassed its mid-year revenue target by 0.2% this year.The Finance Minister, Dr. Mohammed Amin Adam, announced this during...
Only about 1.5 million tax payers honour their obligations
Out of about 7.9 million registered tax payers in the country, only about 1.5 million pay taxes.This was revealed by a Deputy Minister of...