MTN Ghana’s durable competitive advantage to enrich long-term investors
Long-term investors (shareholders) of MTN Ghana are expected to significantly benefit from the durable competitive advantage of the telecommunication company.The company’s competitive advantage creates...
Gov’t achieves 95% participation rate in second round of DDEP
Government has achieved a 95% participation rate across its three latest debt exchange programmes.The Finance Ministry revealed that in the first program, which focused...
We will honour all future payment obligations of new DDEP bonds – Finance Ministry
The Government of Ghana has reiterated its commitment to honour all future payment obligations, in accordance with the terms of the new arrangements.This is...
5-year performance of GCB equity on the Ghana Stock Exchange
Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all...
GRA closes down shops, arrests managers for tax non-complianceÂ
The Ghana Revenue Authority (GRA) has arrested managers of some hardware and general merchandise shops in the Weija-Kasoa enclave in the Greater Accra and...
Vodafone cash subscribers to benefit from new partnership with Remitly
Vodafone Cash has announced a strategic partnership with Remitly Inc., a Seattle-based international money transfer company recognized on the Top 100 Cross-Border Payment Companies...
Bank Commercial Paper as an alternative to T-Bills as latter faces possible re-structuring
It is imperative that government reduces yields (interest rates) on T-Bills, given the country’s current precarious economic situation, this is no time for the...
VRA records ¢110.8m profit in 2022 – Auditor General Report
The Volta River Authority (VRA) recorded a profit of ¢110.893 million in 2022, about 1.7% decline over the previous year, the 2022 Auditor General...
Govt to borrow ¢38.959bn via treasury bills
Government will borrow a whopping ¢38.959 billion via treasury bills for the third quarter of 2023.According to its issuance calendar released by the Ministry...
Economist backs NDC’s call for resignation of BoG governor
Economist and lecturer at the University of Ghana Business School (UGBS), Professor Godfred Bokpin, has assented to the National Democratic Congress' (NDC) call for...
Inflation rises for the third consecutive month
Year-on-year inflation shot up marginally to 43.1% in July 2023, from 42.2% recorded in June 2023.According to figures from the Ghana Statistical Service, the...
Cedi to remain stable this week
The Ghana cedi will remain stable this week against the US dollar and other major foreign currencies, although improved US labour data may pose...
BoG can’t take shelter from issues of other central banks – Economist
Professor John Gatsi, the Dean of the Business School at the University of Cape Coast (UCC), has criticized the Bank of Ghana (BoG), stating...
VAT structure does not ensure compliance  – GUTA
President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has stated that his expectations were not met during Finance Minister, Ken...
Gh¢21bn cut in 2023 budget commendable – Oppong Nkrumah
Minister for Information, Kojo Oppong Nkrumah, has said the GHS 21bn reduction in the government’s appropriation for the 2023 fiscal year is commendable.Contributing to...
We have put in place structures to remain policy solvent – BoG
The Bank of Ghana says it has put in place structures to ensure that it remains policy solvent and well able to deliver on...
There’s a need to revisit structure, nature of taxes – Ken Ofori-Atta
In a crucial meeting with the business community ahead of the mid-year budget review, the Finance Minister, Ken Ofori-Atta, addressed pressing issues concerning the...
Gov’t must prioritise simple, affordable tax policies – GUTA
The Ghana Union of Traders Association (GUTA) has urged government to prioritise and implement policy actions that will make tax affordable, simple for businesses,...
Ghana’s economy will get worse before getting better – Fitch Solutions
Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023.This is coming despite the expansion...
Govt announces new DDEP for U.S dollar denominated domestic bonds
Government has announced a new Domestic Debt Exchange Programme (DDEP) for U.S dollar denominated domestic bonds.A statement from the Ministry of Finance dated July...
Sentuo Oil Refinery poised to produce adequate oil & gas products as it gears towards full production
The Minister of Trade and Industry, Kobina Tahir Hammond, has paid a working visit to the Sentuo Oil Refinery Limited (SORL), touting the project...
Govt destroying social trust – Economist
An economics lecturer at the University of Ghana, Dr Patrick Asuming, has stated that the government's failure to honour its obligations is destroying the...
Finance Ministry sends good news to individual bondholders
The Finance Ministry says it has settled all outstanding coupons and principal payments up until June 19, 2023 and has sent out instructions for...
Ghana seeks $2.5bn in external financing through debt restructuring
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has revealed that Ghana is set to undergo external debt...
Group calls for scrapping of Covid- 19 tax and others ahead of Mid-Year budget review
President for the Ghana National Chamber of Commerce and Industry, Clement Osei Amoako, has appealed to government to scrap the Covid-19 tax, Excise duty,...
Ghana’s economy will only recover post-Akufo-Addo govt – Haruna Iddrisu
Former Minority Leader, Haruna Iddrisu, says, the ailing Ghanaian economy will only recover after the Akufo-Addo-led government has left office, insisting the mismanagement of...
$3bn IMF deal: Let’s brace ourselves for the needed reforms – Finance Minister
Minister of Finance, Ken Ofori-Atta, has reiterated that securing the International Monetary Fund (IMF) programme is not an end to Ghana’s current challenges.He said...
Ghana’s economy showing signs of stabilisation – IMF
The International Monetary Fund (IMF) staff team, led by Stéphane Roudet, has acknowledged that Ghana’s economy is bouncing back barely a month after the...
Egyapa Mercer blames NDC for huge energy sector debt
Deputy Energy Minister Andrew Egyapa Mercer has accused the National Democratic Congress (NDC) of being responsible for costly Power Purchasing Agreements (PPAs) that have...
Approval of Ghana’s IMF programme in 10 months is a record – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has stated that Ghana’s International Monetary Fund (IMF) bailout prorgramme which took 10 months to be completed is one...
Newmont pays over GHS 800 million as Q1 taxes to Gov’t of Ghana
Newmont Africa has announced that in the first quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GHS...
BoG receives first tranche of IMF cash
The first tranche of the $3 billion International Monetary Fund Extended Credit Facility (ECF) has been credited to the Bank of Ghana’s account.Joy Business...
IMF to publish details of Ghana’s programme after possible Board approval
The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam, has announced that the International Monetary Fund (IMF) will publish full details...
Ghana to receive first tranche of IMF cash by Friday
The first tranche of International Monetary Fund (IMF) cash to support the country’s balance of payment is expected to hit the Bank of Ghana’s...
Ghana secures Paris Club financing assurance for 3bn IMF bailout
China and the Paris Club have agreed to provide the debt assurances required to aid Ghana’s request for a balance of payment support from...
IMF deal: We intend to take investor community across Jordan – Ofori-Atta
Finance Minister, Ken Ofori-Atta, says the government is committed to ensuring that the country and the investor community will be able to sail through...
Finance Minister requests participation of pension funds in new proposed offer
The Finance Minister, Ken Ofori-Atta has urged the Board of Trustees of pensions funds to allow for pension funds to be included in government’s...
Traders Advocacy Group reacts to new taxes
President of Traders Advocacy Group Ghana (TAGG), David Kwadwo Amoateng has expressed his displeasure about the passage of the three new taxes.He explained that,...
GUTA reacts to Parliament’s passage of new taxes
President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Kweku Obeng has described the passage of the three new taxes by Parliament...
DDEP: Ofori-Atta claims to have exempted pensioner bondholders but they are yet to get any notification
Finance Minister, Ken Ofori-Atta, says his outfit has written to the Pensioners Bondholders Forum about their exemption from the Domestic Debt Exchange Programme (DDEP).This...