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...
Cedi continues to strengthen on retail market; one dollar going for GH¢15.64
The Ghana cedi extended its rally against the US dollar last week, amidst rising corporate demand.The market continued to cling to a potential rate...
Africa needs to partner with Arabia to address development challenges - AfDB President
The President of the African Development Bank Group, Dr Akinwumi Adesina, says African countries must build coordinated partnerships with the Arab region to address...
Finance Minister to present Mid-Year budget on Tuesday
Finance Minister, Dr. Mohammed Amin Adam will present the 2024 Mid-Year Budget Review in Parliament on Tuesday, July 23, 2024.Deputy Majority Leader, Patricia Appiagyei...
IMF maintains global growth forecast at 3.2% for 2024
Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2% in 2024 and 3.3% in...
Unilever to slash a third of European workforce
Unilever plans to cut a third of its office-based roles in Europe by the end of 2025, the consumer goods giant has said.
It comes...
Finance Minister to present Mid-Year Budget Review on July 23
The Finance Minister is expected to present the 2024 Mid-Year Budget review on Tuesday, July 23, 2024.During the address, Dr Mohammed Amin Adam is...
Bond market: Total turnover increased sharply by 600% to GH¢527.72m
The Ghanaian secondary bond market rebounded largely last week on the back of sell-buy-back trades.As a result, the total volume traded across the market...
Cedi continues stability against dollar; One dollar goes for GH¢15.95
The Ghana cedi is expected to remain stable against the US dollar this week as foreign exchange (FX) liquidity improves and demand slows.This follows...
Ghana triumphs in international arbitration as tribunal rejects $7bn Eni & Vitol claims
The International Arbitration Tribunal has issued its final award in the Eni & Vitol versus Ghana and Ghana National Petroleum Corporation (GNPC) case, delivering...
Next government to inherit heavy debt burden – Terkper
A former Finance Minister Seth Terkper has sounded an alarm over the heavy debt burden that awaits the next government in 2024.Speaking on a...
Cedi remains stable as foreign exchange demand eases; one dollar equals GH GH¢15.90
The Ghana cedi remained stable for the most part of last week as the foreign exchange demand eased slightly.After depreciating 0.64% day to-day and...
Prosecute persons implicated in banking sector clean up – BoG Governor to govt
The Governor of the Bank of Ghana, Dr. Ernest Addison, has called on the government to take decisive action against shareholders of banks and...
Inflation dips to 23.1% as fiscal and monetary policies take effect – Finance Minster
Ghana’s economy is showing promising signs of recovery, as evidenced by a significant decline in inflation, which dropped to 23.1% in May 2024 from...
Government secures $2.8bn debt relief from bilateral creditors
The government has successfully secured $2.8 billion in debt relief from bilateral creditors, marking a significant step towards Ghana's fiscal sustainability and economic recovery.The...
Full text: Finance Minister’s address on IMF deal, other issues on economy
The Finance Minister Dr Mohammed Amin Adam has given an update to Ghanaians on the economy and the International Monetary Fund (IMF) deal.This was...
We’re expecting $2.9bn from IMF, other sources to stabilise cedi – Finance Minister
Finance Minister Dr. Mohammed Amin Adam has announced that Ghana is expecting about $2.9 billion from multilateral, bilateral, and private sector financial institutions by...
2024 elections: IMF concerned about impact on Ghana’s economic recovery programme
The International Monetary Fund (IMF) has expressed worry the upcoming general elections in December 2024 could pose some possible risks to gains made under...
IMF: Third tranche of $360m to hit Ghana’s account today
The third tranche of the International Monetary Fund's (IMF) 360 million dollar release is expected to hit Ghana’s account today, Monday, July 1, following...
T-bills auction: Government records 12.79% oversubscription; interest rates stay unchanged
The government recorded about 12.79% oversubscription of treasury bill sales at a reduced target.According to the latest T-bills auction by the Bank of Ghana....
Payment of cash grants to LEAP beneficiaries will not delay any longer – Gender Minister assures
The Minister of Gender, Children and Social Protection, Dakoa Newman, has assured beneficiaries of the Livelihood Empowerment Against Poverty (LEAP) program that the payment...