T-bills auction: Government records 29.71% oversubscription; interest rates dip slightly
The government recorded a 29.71% oversubscription of the treasury bills auction a week after it failed to meet its target.According to the auction results...
AfDB revises Ghana’s growth rate to 3.4% for 2024, 4.3% for 2025
The African Development Bank has revised Ghana’s growth rate to 3.4% for 2024 and 4.3% for 2025.This is higher than the 2.8% it earlier...
Ghana Statistical Service releases first-ever export and import price indices
The Ghana Statistical Service (GSS) has for the first time released the Export and Import Price Indices (XMPI).These indices, also known as the Unit...
Inflation to fall to 21% in May 2024, end year at 17% – Report
Inflation is expected to fall to 21% level in May 2024 and end the year around 17%.According to GCB Capital, this is due to...
Independent power producers threaten to walk away from debt talks
Ghana’s private power producers are threatening to walk away from talks to revamp $1.6 billion in arrears, a potential snag in the West African...
GUTA Vice President calls for action against companies and individuals charging in dollars
The Vice President of the Ghana Union of Traders Association (GUTA), Clement Boateng, has urged the government and relevant agencies to take decisive action...
Don’t focus on tax waiver amounts, focus on economic development – Afenyo-Markins
The Majority Leader in Parliament, Alexander Afenyo-Markins, has stated that the complaints over the amount of tax waivers granted to some companies are misplaced.In...
NIB must just be killed; successive governments have looted it – Franklin Cudjoe
President of IMANI Africa, Franklin Cudjoe has criticised successive governments for allegedly misappropriating funds from the National Investment Bank (NIB), stating that it has...
Ndoum calls on govt to pay over GH¢7bn owed his companies
The Chairman of Groupe Ndoum and the former owner of Gold Coast Fund Management Company, Dr Papa Kwesi Ndoum, has said government still owes...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
Research shows African brands have retained a 14% share of the top 100 most admired brands in Africa for the second consecutive year.The report,...
Tullow Oil and Forestry Commission partner in $90 million emissions reduction agreement
Tullow Oil plc has announced a financial investment of approximately US$90 million over a period of 10 years in an Emissions Reduction Purchase Agreement...
KPMG hints at financial obligation risks if Ghana terminates GRA-SML contract – KPMG report
More interesting findings have surfaced since the audit report on the controversial agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd...
GRA’s 6 contracts with SML was without PPA’s approval – KPMG Report
It has emerged that, the Ghana Revenue Authority (GRA) did not seek approval from the Public Procurement Authority (PPA) and Parliament in six of...
SML owes GRA GH¢31.88m tax – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday has revealed that Strategic Mobilisation Ghana Limited (SML) owes the Ghana Revenue Authority (GRA)...
Ghana faces oil depletion in 15 years if production decline persists
The Co-chair of the Ghana Extractive Industry Transparency Initiative has revealed that Ghana’s oil fields are peaking, leading to a decline in crude oil...
We’ve been sounding alarm on Ghana’s crude oil production decline since 2018 – PIAC
Technical Manager of the Public Interest and Accountability Committee (PIAC), Mark Agyemang, has revealed that they have been warning of a decline in crude...
Kenyan President Ruto makes historic US state visit: First African leader in 15 Years
Kenyan President William Ruto will become the first African leader in more than 15 years to make an official state visit to the US.
This...
Interest on business loans hitting 50%, with no bank offering rates below 30%
The cost of credit to companies in Ghana remains elevated, with all banks in the country unable to offer corporate loans at rates below...
Mobile money accounts with commercial banks hit GH¢18.69bn in March 2024
The 2024 Fintech Sector Report released by the Bank of Ghana has shown that the total value of mobile money accounts with commercial banks...
Prepare to pay more for petroleum products at pumps – COPEC
The Chamber of Petroleum Consumers (COPEC) has warned the public to prepare to pay more for fuel at the pumps in the coming weeks...
Cedi depreciation pressures slowdown on improved foreign exchange liquidity
The depreciation pressures on the cedi have slowed down as a result of improved foreign exchange (FX)liquidity, particularly the US dollar.This follows significant intervention...
Bond market: Total market turnover rebounds to GH¢762.41m
Trading activity on the secondary bond market activity more than doubled in last week’s sessions.The total volume of transactions increased by 2.48 week-on-week to...
IMF programme blamed for the cedi’s decline
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.He...
Africa offers a fertile ground for Fintech startups to grow – Bawumia
Vice President, Dr Mahamudu Bawumia has asserted that with Africa’s exponential growth in mobile phone connectivity and internet penetration, the continent provides a fertile...
Ghana’s economy rebounding strongly – Finance Minister insists
The Minister of Finance, Dr Mohammed Amin Adam, has reiterated the government's commitment to a robust economic recovery during his address as the special...
BoG makes significant progress on eCedi roll out – 1st Dep. Governor
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari, has revealed that the central bank has made some significant progress...
GRA intensifies efforts to expand tax net in informal sector, punish tax evaders
The Ghana Revenue Authority is intensifying efforts and commitment to expand the tax net in the informal sector under the modified tax system and...
T-bill yields to continue downward trend
Treasury yields are expected to tumble further due to the positive inflation outlook in the medium term.Inflation took a nose dived in April 2024...
CalBank temporarily suspends GH¢600m capital raising
Cal Bank Plc has temporarily suspended the remaining processes for completion of the Capital Raise, notably the allotment of shares.This follows a court injunction...
Cedi depreciation better this year – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has noted a slower rate of depreciation for the cedi this year compared to the previous year.Despite recent...
Finance Minister forecasts 15% inflation rate by close of 2024
The Finance Minister, Dr Mohammed Amin Adam, has stated that the government's pragmatic policies are effectively steering the economy in the right direction.He highlighted...
Parliamentary candidacy won’t interfere with bank duties – New NIB MD
Tweneboa Kodua Fokuo, the newly appointed Managing Director (NIB) of the National Investment Bank (NIB), has clarified that his role as a Parliamentary Candidate...
Cedi can only stabilse temporarily but will keep on depreciating – Prof Bokpin
Economist and professor of finance at the University of Ghana, Prof Godfred Bokpin, has asserted that the cedi can only be stabilised temporarily from further...
Help me succeed as Finance Minister – Amin Adam to GRA
Ghana's Minister for Finance, Dr. Mohammed Amin Adam has emphasized the crucial role of the country's revenue collection institutions in supporting the government's revenue...
E-cedi will be ultimate weapon in corruption fight – Bawumia
Vice President, Dr. Mahamudu Bawumia has unveiled the government's agenda to introduce the E-cedi, highlighting its potential to combat money laundering and various forms...
GRA addresses reports of billions lost in E-VAT revenue
The Ghana Revenue Authority (GRA) has responded to reports claiming that the nation has lost billions in revenue due to the implementation of the...
T-bills: Government borrowed GH¢15.60bn in April 2024
The government borrowed GH¢15.60 billion via treasury bills in April 2024.This is 21.61% lower over March 2023.The government underperformed its target in four out...
Cedi depreciation has been lower under NPP govt – Bawumia
Flagbearer of the New Patriotic Party, (NPP), Dr Mahamudu Bawumia says the current value of the cedi against the dollar is an improvement compared...
Legal systems must work efficiently to improve financial development – First Female Economics ProfessorÂ
An Economics lecturer at the Kwame Nkrumah University of Science and Technology, Prof. Grace Asante Nkansa, is requesting that the government and the judiciary...
GIPC reaffirms commitment to attract foreign investment
CEO of the Ghana Investment Promotion Center (GIPC), Yoofi Grant, has reiterated the government's commitment to creating a conducive investment environment to boost economic activities and...