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...
IMF commends Ghana’s economic strategy, releases $360 million in latest review
The Executive Board of the International Monetary Fund (IMF) had just wrapped up their second review of Ghana’s US$3 billion, 36-month Extended Credit Facility...
Government increases grants for LEAP beneficiaries, announces date for disbursement
The Ministry of Gender, Children and Social Protection (MoGCSP) has announced an increase in cash grants for beneficiary households under the Livelihood Empowerment Against...
From riches to rags: Ex-millionaires share their downfall stories
Reaching millionaire status is a feat people dream of achieving.But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms,...
Bank of Ghana increases maximum advance payment for imports to $200,000
The Bank of Ghana (BoG) has announced an amendment to the rules governing Advance Payments for imports, increasing the maximum amount permitted from $50,000...
Cement manufacturers called my bluff over pricing concerns – Trade Minister
Trade Minister Kobina Tahir Hammond revealed that the Cement Manufacturers Association of Ghana (CMAG) dismissed his directive regarding cement pricing.In an interview with Evans...
Ghana’s economy to expand by 3.4% in 2024 – IC Africa
Research firm, IC Africa, is upbeat about the growth of the Ghanaian economy in 2024, saying, the economy will expand by about 3.4%, higher...
Cedi depreciation slows down but pressures still persist ; one dollar equals GH¢15.75
The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green...
Fitch Solutions revises Ghana’s 2024 growth rate upwards to 4.3%
Fitch Solutions has revised Ghana’s real Gross Domestic Product (GDP) growth for 2024 to 4.3%, from the previous 3.8%.The London-based firm is also forecasting...
Ghana’s economy is set to astonish the world this year – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is undergoing a robust rebound after enduring significant challenges over the past...
Finance Minister’s figures don’t tally If you check very well – Williams Peprah
Associate Professor of Finance at Andrews University, Williams Kwasi Peprah, says the $2 billion savings the Finance Minister claimed the country would achieve through...
Finance Minister announces official end to Ghana’s debt restructuring
Finance Minister Dr Mohammed Amin Adam has announced the completion of Ghana’s debt restructuring program with its official creditors.According to the Member of Parliament...
IMF Programme will deepen Ghana’s revenue deficit crisis – Economist
Economist, Dr Nii Moi Thompson has warned that Ghana’s revenue deficit is likely to worsen as the country implements the International Monetary Fund’s (IMF)...
Producer Price Inflation hits 23.6%
The year-on-year inflation rate at ex-factory prices for all goods and services was 23.6% in May 2024.This was far higher than the 16.8% recorded...
Locked-up investment bondholders’ forum picket at Finance Ministry for 3rd consecutive week
Today, the Locked-Up Investment Bondholders’ Forum picketed the Finance Ministry for the third consecutive week.This demonstration is aimed at demanding the release of their...
World Bank supports policy reform of Ghana’s energy sector
The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector...
Facebook, Youtube, online trading companies must be taxed – Deputy Finance Minister
Deputy Finance Minister, Dr Alex Ampaabeng has advocated for the taxation of online trading companies to boost Ghana's economy.He emphasized that both local and...
Official Creditors’ MoU will support IMF Board’s approval of US$360m – IMF MD
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), says, the agreement reached between Ghana and its Official Creditor Committee (OCC) will be...
IMF on Ghana: We’re working to get third tranche approved by end of this month
The International Monetary Fund (IMF) says Ghana is likely to receive the third tranche of $360 million by the end of this month, as...
IMF Board to approve $360m third tranche by end of June
Ghana’s second review programme for a third tranche of US$360 million is expected to go before the Executive Board of the International Monetary Fund...
Finance Minister pushes for friendlier tax systems in Africa
The Finance Minister, Dr Mohammed Amin Adam, has called on African governments to reform tax systems to make payment simple and fast, and friendlier...