Ofori-Atta to present 2024 budget today
Finance Minister, Ken Ofori-Atta is set to present the government's 2024 Budget Statement and Economic Policy in Parliament.This presentation aims to outline strategies for...
Pressure on cedi mounts; one dollar equals ¢12.13
The high demand for the US dollar continues to weigh on the Ghana cedi as the local currency lost some ground against the American...
African Development Bank approves $102m support as budget presentation approaches
The African Development Bank (AfDA) has given the green light for a $102.6 million grant to support Ghana's Fiscal Consolidation and Economic Recovery Programme....
Govt signs 2 new 720MW Power Purchase Agreements
The government has signed two new Power Purchasing Agreements (PPAs) to add about 720 Mega Watts (MW) of power to the country’s generation capacity,...
Invest oil, gas revenue for wellbeing of citizenry – Economist to African leaders
A Petroleum Economist at the University of Cape Coast, Professor Wumi Iledare, has advised African leaders to prioritise the use of oil and gas...
IMF Board proposes 50% increase in quota allocated to members
The Executive Board of the International Monetary Fund (IMF) has proposed a 50% quota increase allocated to members, including Ghana, in proportion to their current quotas....
Nigerians spend $975m daily on online betting – NLTF
Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15...
Ghana’s economy on a steady recovery path – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has reaffirmed that the Ghanaian economy is on a recovery path, citing improvement in some macroeconomic indicators.According to him, the...
Debt defaults taking long to resolve – Fitch
Rating agency, Fitch, says debt defaults in frontier markets including Ghana have taken longer to resolve than in the past.The UK-based firm said the...
Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA
The Ghana Union of Traders Association (GUTA), has called for the removal of the COVID-19 Levy and the Special Import Levy in the 2024...
Make taxes affordable, simple to enhance compliance – GUTA
President of the Ghana Union of Traders Association (GUTA), Joseph Obeng, has urged government to make taxes affordable and simple to enhance compliance.According to...
Pressure on cedi to ease this week
The pressure on the Ghana cedi is expected to ease this week, following the anticipated news of the inflow of the $800 million cocoa...
Ofori-Atta has nothing to offer cocoa farmers – President of Cocoa Farmers Assoc.
The President of the Concerned Cocoa Farmers Association, Nana Boateng Bonsu, has raised questions about the government’s decision to allow the Finance Minister, Ken...
World Bank Consultant reveals cause of Ghana’s high unemployment rate
Emmanuel Awuni, a private sector consultant at the World Bank, says unfavourable business regulatory framework is hindering entrepreneurial potential and deepening Ghana’s unemployment situation.He...
Banks write off ¢2.416bn as bad loans as of August 2023
Banks wrote off ¢2.416 billion as bad debt in the first eight months of this year, 36.4% increase over the previous year, highlights of...
I am positive IMF’s Board will approve the second tranche – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, is optimistic that the board of the International Monetary Fund (IMF) would approve the second tranche of the country’s...
2024 Budget should be heavily devoted to job creation — GFL
The Ghana Federation of Labour (GFL) expects the 2024 Budget to be devoted to job creation in both the private and public sectors and...
2024 budget won’t increase public spending — Finance Minister
Government has given an assurance that it will restrict itself to budgeted expenditure, despite 2024 being an election year.The Minister of Finance, Ken Ofori-Atta,...
DDEP has been successfully completed – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has indicated that the Domestic Debt Exchange Programme (DDEP) has been successfully completed, providing much-needed breathing space.This quells...
We’ve turned the corner but not out of woods yet – Minister
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has insisted that current growth figures, and other economic indicators back claims...
IMF: Why Ghana can’t get second disbursement without an agreement with creditors
Ghana is set to receive $3 billion from the IMF for its Balance of Payment (BoP) support between 2023 and 2026, and this bailout...
Natural resource-backed loans disaster for Africa – IMF, AfDB warns
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans...
Aggrieved Gold Coast Fund customers to picket at Finance Ministry today
Aggrieved customers of the defunct Gold Coast Fund Management will picket at the premises of the Ministry of Finance on Tuesday, October 10, 2023,...
Ghana is one of best places to do business in Africa – CWEIC
Talk to anybody in the know about Africa, and you’ll soon find that Ghana is internationally recognised as one of the best places to...
Cedi to appreciate by 1.0% to dollar in 2024 – Fitch Solutions
The Ghana cedi is expected to strengthen by roughly 1.0% to the US dollar in 2024, Fitch Solutions has disclosed in its latest Country...
IMF review team concludes first assessment in Ghana; reaches staff level agreement
An International Monetary Fund (IMF) staff team, led by , its Mission Chief for Ghana  Stéphane Roudet, have reached a staff-level agreement on the...
GRA justifies decision to tax bloggers, brand influencers, MCs
The Ghana Revenue Authority (GRA) has defended its decision to impose taxes on bloggers, brand influencers, and Masters of Ceremonies (MCs).The Commissioner in charge...
ECG, GWCL, NEDCo pay GH¢I.2m as compensation to customers Â
The Electricity Company of Ghana (ECG), Ghana Water Company Limited (GWCL), and Northern Electricity Company (NEDCo) have paid a total of GH¢1,297,118.17 to customers...
Next IMF tranche to be released in November – IMF boss
Ghana, the recipient of a $3 billion IMF support package, is currently undergoing its first program review, set to conclude in November, the IMF...
Ghana loses GH¢49.5 million to cyber fraud in nine months
Ghana has reported a loss of GH¢49.5 million in the first nine months of the year due to cyber fraud activities, according to the...
BoG’s ¢60b loss is abnormal and beyond the bank’s control – Expert
The Minority in Parliament, alongside some Ghanaians, protested against the Bank of Ghana Governor, Ernest Addision and his deputies following a staggering ¢‎60 billion...
Let’s deepen democracy, good governance to attract investments — ECOWAS Bank
The ECOWAS Bank for Investment and Development (EBID) has called for a deepening of democracy and good governance in the West Africa sub-region to...
IMF bailout: Ghana close to receiving next tranche
The International Monetary Fund (IMF) expects Ghana to quickly reach an agreement with the Official Credit Committee over its external debt restructuring.Julie Kozack, IMF’s...
Petrol prices to remain unchanged in October first pricing window – COPEC
Prices of petroleum products are likely to remain unchanged for the month of October.According to projections from the Chamber of Petroleum Consumers (COPEC), there...
Monetary policy rate held steady at 30%
The Bank of Ghana has maintained the monetary policy rate at 30 percent after reviewing developments in the economy.This means that the lending rate...
Ghana’s total exports decline by 9%
Ghana has recorded a nine percentage point drop in its total export earnings.As of August 2023, total exports stood at US$10.76 billion. It is...
CIMG Customer Satisfaction Index: UMB and 4 other banks lead the way in Customer Service in Ghana
Only five banks scored above the threshold of 98% in the 2022 Chartered Institute of Marketing Ghana Customer Satisfaction Index.This marks a significant improvement...
Suppress appetite for high-interest loans – Gov’t told
The Institute of Statistical, Social and Economic Research (ISSER), has cautioned the government to suppress its appetite for high-interest loans.Director of ISSER, Professor Peter...
Ghana’s IMF debt ranking a bad investor signal – Economist
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be...
Ghana stands ready to unlock second disbursement – Economist on IMF bailout
An Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund...