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...
SML sets records straight on GRA contract [Listen]
Strategic Mobilisation Ghana Limited (SML), a privately-owned Ghanaian company, has set the record straight on its contract with the Ghana Revenue Authority (GRA).In...
Philips pays $1.1bn to settle respirator case
Dutch medical products maker Philips says it has reached a $1.1bn (£877m) deal to settle lawsuits in the US relating to potentially faulty breathing...
KPMG’s report on GRA and SML deal, government white paper on report and matters arising
BackgroundThe Ghana Revenue Authority (GRA), we understand, contracted SML to monitor petroleum liftings and assure that volumes lifted declared for tax purposes by Oil...
SSNIT responds to claims of depleting reserves
In the wake of recent concerns regarding the depletion of its reserves, the Social Security and National Insurance Trust (SSNIT) has stepped forward to...
PPA Clarification: The dark side of the World Bank’s ‘giveaways’ in Ghana by Bright Simons
The Attention of the Public Procurement Authority (PPA) has been drawn to an article on the website of the African Report with title “Opinion: The...
Google accused of making it harder to search for rival
Google has been accused of taking advantage of its market dominance to make it harder to search for a rival email service.Tuta Mail -...
Bright Simons: Where is the KPMG report on SML contract audit?
In the wake of revelations by audit firm KPMG on its probe of the controversial contract between the Ghana Revenue Authority (GRA) and Strategic...
SML/GRA contract brought GH¢2.45bn in tax revenues to the state – KPMG report
KPMG's audit report has revealed that the revenue assurance contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) has resulted in...
Renegotiate SML contract – Akufo-Addo to GRA, Finance Ministry
President Akufo-Addo has instructed the Ghana Revenue Authority (GRA) and the Ministry of Finance to renegotiate the revenue assurance contract with Strategic Mobilisation Limited...
‘Dumsor’: Power crisis requires more than financial remedies – NPP Manifesto Committee member
The Chairman of the New Patriotic Party's (NPP) 2024 Manifesto Committee on Energy, Kwadwo Nsafoah Poku, has debunked suggestions that the current challenges with...
Apple faces declining sales in China as Huawei soars
Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market.The Shenzhen-based conglomerate,...
Cedi to bounce back to appreciating trajectory soon – Fitch Solutions
Fitch Solutions, an international rating agency, says the Ghanaian cedi will bounce back to an appreciating trajectory very soon.The rating agency said factors, notably...
PAC orders Wa West DCE to release MP’s common fund immediately
The Public Accounts Committee (PAC) of Parliament has instructed the District Chief Executive of Wa East District Assembly, Mr. S.K Mahama to immediately process...
Single ECG revenue account won’t solve power crisis – John Jinapor
Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has said that the Finance Ministry’s decision to put all of the Electricity Company...
Ghana’s economy heading towards stability – Finance Minister
Ghana's Minister of Finance, Dr. Mohammed Amin Adam, has announced that the country's economy is moving towards stability, citing robust economic progress and strong...
Ghana nears agreement on debt restructuring with bilateral creditors
Finance Minister Dr Mohammed Amin Adam has revealed that the bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s...
Development Bank Ghana targets 1 billion cedis funding for commercial banks
Development Bank Ghana has revealed that it is working to advance 1 billion cedis to commercial banks and participating financial institutions this year to...
Russia to grow faster than all advanced economies says IMF
An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International...
IMF Executive Board selects Kristalina Georgieva to serve a second term
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term...
IMF deal has delivered on broad structural quantitative objectives – Dr Theo Acheampong
Political Risk Analyst, Dr Theo Acheampong has lauded the government's success in meeting its broad structural quantitative targets under the International Monetary Fund (IMF)...