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...
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...