IMF deal has achieved short-term targets but… – Seth Terkper
Former Finance Minister Seth Terkper has asserted that while the government has achieved some short-term targets, more efforts are needed to fully realise the...
Staff-Level Agreement not enough to release third tranche – IMF to Ghana
Ghana has reached a Staff-Level Agreement with the International Monetary Fund (IMF) for the second review of the Extended Credit Facility, but the Executive...
Billionaire faces death in $44bn bank fraud case
It is the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen.Behind the stately...
GSE registers six top gainers in March 2024; MTN, NewGold record all-time high prices
The Ghana Stock Exchange (GSE) recorded six top gainers in March 2024.The equities market continued to rally positively during the month, with two companies,...
Why gold prices are at record highs
From central banks to Costco customers, it seems everyone is buying gold these days.The price of spot gold reached $2,364 per ounce Tuesday, after hitting record highs for...
Ghana’s low exposure to loans from China has enhanced its debt restructuring – World Bank
Ghana has a relatively lower exposure to loans from China compared to Zambia (36%) and Ethiopia (25%), the World Bank has revealed in its...
SEC directs 9 companies to submit 2023 financial statement
Securities and Exchange Commission (SEC) has given nine listed equities on the local bourse, up to April 30, to submit their audited financial statements...
Dumsor: 70% of the challenge is financial, liquidity related – Kwabena Donkor
A Member of Parliament’s Energy Committee, Dr Kwabena Donkor, has shed light on some critical challenges facing the country’s power sector, leading to erratic...
NPA responds to ACEP’s concerns regarding price floor for petroleum products
The National Petroleum Authority (NPA) has responded to concerns raised by the Africa Centre for Energy Policy (ACEP) regarding its decision to implement a...
Ghana’s public debt up by GH¢30.5bn after IMF deal
Data from the Apex Bank in Ghana indicates a growing disparity between the nation’s public debt before and after agreement on the $3 billion...
Cal Bank turns to shareholders to raise ₵600m to improve capital position
Cal Bank has turned to its shareholders to raise ₵600 million to help recapitalize the financial institution. The bank has launched its renounceable rights issue...
BoG cautions banks to comply with monthly reporting of fraud cases
The Bank of Ghana (BoG) has cautioned banks to comply with its monthly report on fraud cases.This is to aid the regulator in consolidating...
Approval of IMF second review will trigger release of third tranche of $360m – Finance Minister
The Finance Minister, Mohammed Amin Adam says that the second review of the three-year $3 billion International Monetary Fund (IMF) programme will be conducted...
Analysis: Cedi to struggle against US dollar as demand pressures heighten
As the Bank of Ghana prepares to auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2024, ongoing dollar...
T-bills auction: Interest rates plummet to 25.99%, government exceeds target by 41%
Interest rates tumbled for the 12th consecutive week in 2024 in line with most analysts forecasts.According to results of treasury bills (T-bills) auction by the...
Ghana ended 2023 with GH₵610bn public debt; a 27% increase
Ghana’s public debt increased to GH₵610 billion as at December 2023.Comparatively, this is a 26. 85 percent rise from the GH₵446.3 billion recorded...
Stop rejecting 1 and 5 pesewa coin – BoG to Ghanaians
The Bank of Ghana has cautioned Ghanaians against rejecting the one and five pesewas coins.Head of Currency Management at the Central Bank, Dominic Owusu,...
Ghana remains most indebted African country to IMF in terms of Concessional Lending
Ghana remained the most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.The country’s exposure...
Unemployment biggest threat to Ghana’s GDP – World Economic Forum
The increasing rate of unemployment in Ghana has becoming alarming in subsequent weeks.From the staggering 1.85 million Ghanaians being unemployed in the third quarter...
Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF
The International Monetary Fund (IMF) has said that Ghana's ongoing economic challenges stem not only from the COVID-19 pandemic but also from excessive spending...
We will build stronger collaboration with IMF towards Ghana’s economic resilience – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has expressed confidence in building a stronger collaboration with the International Monetary Fund towards Ghana’s economic resilience and...
Rethink fiscal policy measures to ensure sustainability, reduce shocks – IMF to Ghana, others
The International Monetary Fund is advising African countries including Ghana to rethink their fiscal policy following repeated external and domestic shocks from rising debt...
Anti-LGBTQ+ Bill: Finance Ministry’s memo not advice for Akufo-Addo – Abena Osei-Asare
Minister of State-designate for Finance, Abena Osei-Asare says that the widely circulated document on the cost of signing the anti-LGBTQ+ bill was not advice...
Ghana ranked 10th in Africa with most affordable fuel prices
A report by GlobalPetrolPrices.com ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024.On the global scale, Ghana sits comfortably...
Passing anti LGBTQ+ law is not part of World Bank, IMF conditions for financial aid – Prof. Gatsi
Economist, and Dean of the University of Cape Coast (UCC) Business School, Prof John Gatsi has argued that the Bretton Woods institutions cannot penalize...
Our comment on Anti-LGBTQ bill will follow an economic, financial implication assessment – IMF
The International Monetary Fund (IMF) says it will comment on the passage of the Proper Human Sexual Rights and Ghanaian Family Values Bill by...
We are no longer going to celebrate GDP growth – Prof Bokpin
A Professor of Finance at the University of Ghana Business School, Godfred Bokpin, has challenged the conventional celebration of Gross Domestic Product (GDP) growth.According to...
SONA 2024: GH¢5.8bn paid to bondholders – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has revealed that the government has fulfilled its financial pledges by clearing the final coupons owed to domestic bondholders.In...
SONA 2024: Good news for cocoa farmers
President Akufo-Addo has reaffirmed his commitment to supporting cocoa farmers in the upcoming season.During his State of the Nation address on Tuesday, February...
SONA 2024: Ofori-Atta’s removal won’t affect IMF deal – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said the recent changes at the Ministry of Finance will not affect agreements made with the International Monetary...
Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso combined
Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise.It hits 23.5%, making it one...
Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%
The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher...
28 developing countries including Ghana remain stuck in debt trap – World Bank
The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap...
I will soon visit ports to weed out corrupt activities – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has hinted at visiting some ports nationwide soon to weed out corrupt activities.This comes after several reports of...
Amin Adam interacts with the Ministry of Finance staff
On Monday, February 19, 2024, Finance Minister-designate, Mohammed Amin Adam assumed office and interacted with the staff of the ministry.Amin Adam was among the...
Together, we have weathered storms – Ken Ofori-Atta thanks MoF staff
Former Finance Minister Ken Ofori-Atta has appreciated the hard work of staff of the Ministry of Finance (MoF).According to him, their dedication to salvage...
Support Amin Adam to succeed – Ofori-Atta to Finance Ministry staff
Former Finance Minister Ken Ofori-Atta has expressed confidence in his successor, Dr. Mohammed Amin Adam, urging the Ministry of Finance staff to support him...
Total value of secured loans fall 54% to GH¢5.9bn in quarter 4 – BoG
The total value of secured loans granted and registered by banks and Specialised Deposit-Taking Institutions (SDIs) in the 4th quarter of 2023 was GH¢5.9 billion.This...
Election-induced expenditures could threaten fiscal economy – Report
Election-induced expenditures could threaten the fiscal economy going forward. According to the 2024 Quarterly Report by Databank Research, following the government signal of a...
I’ll not depart from IMF programme – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF).He has assured...