Labadi Beach Hotel shines with another record-breaking dividend payout of GH¢16.5m to SSNIT
Ghana’s top five-star destination, Labadi Beach Hotel, proudly announced a milestone dividend payment of GH¢16,509,000 to its shareholder, the Social Security and National Insurance...
ADB temporarily closes Bawku branch amid rising security concerns
The Agricultural Development Bank PLC (ADB) has announced the temporary closure of its branch in Bawku, citing escalating security concerns in the area.In a...
Japan’s ruling party loses its majority in blow to new PM
The coalition led by Japan’s ruling Liberal Democratic Party (LDP) has lost its majority in parliament, its worst result in over a decade.
The LDP...
IMF Board to review Ghana’s Programme for $360m disbursement on Dec. 2
Finance Minister Dr. Mohammed Amin Adam has disclosed that the IMF Board is scheduled to meet on December 2, 2024, to discuss Ghana’s Third...
Ghana to record end-year inflation of 15.0% in 2024 – IMF
Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.In its World Economic Outlook, it...
IMF warns world to avoid global trade war
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...
Ghana lost over GH₵4.9bn to financial irregularities in 2023 – IMANI Africa
Ghana recorded financial losses exceeding GH₵ 4.9 billion in 2023 due to irregularities within public institutions, according to a report released by policy think...
Nigeria: Charges against Binance cryptocurrency boss dropped
Nigeria’s anti-corruption agency has dropped a money-laundering case against a top cryptocurrency executive to allow him to get medical treatment abroad.Tigran Gambaryan, a US...
Next of Kin of a deceased bank account holder is not automatic beneficiary – BoG
Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not...
Togo suspends Russian ride-hailing app Yango
Togo's transport ministry suspended the ride-hailing app Yango owned by Russia's tech giant Yandex, over security concerns just months after it began operating in...
Ghana’s policy rate of 27% highest in Africa – World Bank
Ghana’s monetary policy rate of 27.0% is the highest in Africa, the World Bank has revealed.In its latest October 2024 Africa Pulse Report, the...
Chinese mining company to acquire Ghana’s Akyem gold mine from Newmont in $1 billion deal
China's Zijin Mining Group is poised to acquire the Akyem gold mine project in Ghana from US-based Newmont Corporation in a $1 billion deal.The...
AfCFTA: Disbursement of $1bn Adjustment Fund expected to commence early 2025
The African Continental Free Trade Area (AfCFTA) is expected to commence the disbursement of its adjustment fund to Ghana or any other member state...
Insurance Brokers’ services are free to clients; use them – IBAG advises public
The Insurance Brokers Association of Ghana (IBAG) has warned of a growing trend where non-professional institutions, particularly financial institutions, are selling insurance products, often...
Taylor Swift becomes richest female musician with net worth of $1.6 billion
Taylor Swift has surpassed Rihanna to become the world’s richest female musician, with a net worth estimated to be a whopping $1.6 billion.Swift’s ascent was confirmed on...
Ghana loses $2.4bn to galamsey annually – Prof. Bokpin
A professor of Economics and Finance at the University of Ghana Business School, Prof Godfred Bokpin has revealed that the state loses more than $2.4...
Significant number of Eurobond holders opt for disco option in debt restructuring deal
A significant number of bondholders who participated in the Eurobond Debt Exchange Programme opted for the disco menu of new notes.This means that the...
OpenAI value surges to $157bn in funding deal
OpenAI, the maker of ChatGPT, has raised $6.6bn in its latest funding round, as investors including its early backer Microsoft continue to bet big...
Bank of Ghana launches Gold Coin to provide investment opportunities for GhanaiansÂ
The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians.The GGC is a coin manufactured from...
Over 29,000 gambling ads in Premier League weekend – Research
The number of betting adverts during the opening weekend of the Premier League season almost trebled compared to last year, new research says.Researchers analysed...
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...