Growth of currency outside banks strong in final quarter of 2023
The growth of currency outside banks was strong in the last quarter of 2023, a reflection of an ease in inflation during the period.The...
Bawumia’s praise of BoG despicable – Bentil
Senior Vice President of IMANI Ghana, Kofi Bentil, has described Vice-President Dr Mahamudu Bawumia's praise of the Bank of Ghana (BoG) during the country's...
Ghana’s earnings from crude oil exports, production fall by over $400m in 2023
Ghana’s total earnings from exports of crude oil, production activities, surface rental and corporate taxes for 2023 witnessed some significant decline.A review of Ghana’s...
IMF asked government to choose between taxes and cutting expenditure – Yusif Sulemana alleges
Bole Bamboi MP Yusif Sulemana says the International Monetary Fund (IMF) asked government to either increase revenue by 0.2% of the GDP in the...
Government borrowed GH¢22.06bn via T-bills in January 2024
The government of Ghana borrowed GH¢22.06 billion via treasury bills in January 2024.This is about 35.80% more than the targeted amount of GH¢15.13 billion.The...
BoG commended for making economic data more accessible
The Bank of Ghana has received praise for enhancing the accessibility of economic data via its recently launched Database Portal.On Monday, February 5, 2024,...
Ghana witnessing worst tax system under Akufo-Addo – Seth Terkper
Former Finance Minister, Seth Terkper has criticized the Akufo-Addo government for implementing what he considers the "worst tax system" in Ghana's history.He argued that...
SML contract: Akufo-Addo rejects GRA’s request
President Akufo-Addo has denied the Ghana Revenue Authority’s request to allow for the running of the Strategic Mobilisation Ghana Limited (SML), system that has been installed to...
IMF’s $600m resounding affirmation of Ghana’s progress – Ofori-Atta
Finance Minister, Ken Ofori-Atta has expressed his appreciation for the release of the second tranche of Ghana's extended credit facility by the International Monetary...
IMF approves second $600m for immediate disbursement to Ghana
The International Monetary Fund (IMF) has approved the second tranche of US$600 million for Ghana.This was contained in a statement issued by the IMF...
$600m IMF cash will be advanced towards budget support – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has revealed that the $600 million second tranche International Monetary Fund (IMF) bailout package expected next week would...
There’ll be fiscal slippages ahead of election 2024 – Prof Bokpin
Economics and Finance lecturer at the University of Ghana Business School (UGBS), Professor Godfred Alufar Bokpin, has predicted potential fiscal spillages as Ghana gears...
We will reallocate some project funds if not utilised by June 2024 – World Bank warns Ghana
The outgoing World Bank Country Director, Frank Pierre Laporte, has strongly indicated that project funds allocated to Ghana but have not been utilized will...
Don’t be complacent with declining inflation rate – GUTA cautions govt
The President of the Ghana Union Traders Association (GUTA), Dr. Joseph Obeng, has cautioned the government against complacency despite the recent decline in inflation.While...
Bawumia’s attempt to save Aluworks fails as situation further degeneratesÂ
The attempt by the Vice President, Dr Mahamudu Bawumia to save Aluworks PLC from collapse has failed as the company’s shutdown has entered the...
New restriction on MoMo transaction could derail digitisation of MSMEs – ISSER
The Institute of Statistics, Social, and Economic Research has indicated that the new restriction on mobile money (MOMO) transactions could derail the digitization of...
GRA denies accessing a $75 million loan
The Ghana Revenue Authority (GRA) management has refuted claims made by Bolgatanga Central MP Isaac Adongo that it has accessed a $75-million loan from...
BoG’s losses in 2022 were necessary to save Ghana’s economy – Dr. Addison
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has insisted that the economy would have faced dire consequences if the Central...
T-bills auction: Government misses target by 30%
Ghana's interest rates have returned to an upward trajectory for the first time in a month, as the government continued to borrow heavily on...
BoG to close down some distressed NBFIs
The Bank of Ghana is set to soon close down some Non- Bank Financial Institutions facing severe liquidity challenges.According to the Central Bank, the...
Ghana attains all fiscal targets in line with IMF programme – BoG
Fiscal Policy Implementation for the first half of the year has been in line with the performance criteria under the International Monetary Fund Economic...
TOR-Torrentco deal shouldn’t happen at all – Energy expert
The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, has said that there are credible entities that can be engaged to ensure...
No bank is on liquidity support – Dr Addison
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that no bank is currently on liquidity support in Ghana although an intervention was made to...
Economic activity continues to recover beyond half-year 2023 – BoG
The Bank of Ghana has pointed out that economic activity continued to recover beyond the first half of 2023.According to the Central Bank’s Monetary...
Ghana to receive €145.9m German support
Germany has proposed to support Ghana with 145.9 million euros on technical and financial co-operation on three critical areas of the economy.The areas are...
Zeepay Ghana fined, forex license suspended temporarily
The Bank of Ghana (BOG) has temporarily suspended and fined Zeepay Ghana Limited for a clause breach.The Central Bank in a notice on Monday,...
Market women understand economics better than politicians – Economist
An economist, Dr Theo Acheampong has said a GH¢1 trillion Gross Domestic Product (GDP) is meaningless in economics.This comes after the Finance Minister, Ken Ofori-Atta told Parliament that Ghana’s...
2024 budget: Economist schools Ken Ofori-Atta
An economist, Dr Theo Acheampong has said a GH¢1 trillion economy means nothing when inflation is still in excess of 30 percent.This comes after the Finance...
Ensure that NIB is recapitalized – Government told
The Dean of the University of Cape Coast Business School, Professor John Gatsi has urged government to ensure that the National Investment Bank (NIB) is recapitalized as was stated in...
Inflation declining because we’ve turned the corner – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, says Ghana’s economy, which plummeted in recent years, has begun making modest gains.Delivering the 2024 budget statement in Parliament...
Budget 2024: All is set for the implementation of YouStart – Ken Ofori-Atta
Finance Minister, Ken Ofori-Atta has announced that all is set for implementation of the YouStart initiative in 2024.He said this during the 2024 budget...
Infographics: All you need to know about the 2024 budget
Finance Minister, Ken Ofori-Atta presented the government's 2024 Budget Statement and Economic Policy in Parliament on Wednesday November 15, 2023.This presentation aims to outline...
Ghana’s economy projected to exceed GH¢1 trillion in 2024 – Ofori-Atta
Finance Minister, Ken Ofori-Atta has predicted that Ghana's economy will surpass GH¢1 trillion in 2024.Presenting the 2024 Budget in Parliament on Wednesday (15 November),...
Full text: Finance minister presents 2024 budget in Parliament
The Minister of Finance, Ken Ofori-Atta, is presenting the 2024 Budget Statement and Economic Policy in parliament on Wednesday, November 15, 2023.The presentation of...
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....