Inflation for August 2024 tumbles to 20.4%
The year-on-year inflation for the month of August has slowed marginally to 20.4% from 20.9% recorded in July.According to the Ghana Statistical Service, the...
Government will soon announce new cocoa price – NAPO to cocoa farmers
The running mate of the New Patriotic Party (NPP) flagbearer, Dr Matthew Opoku Prempeh, has assured cocoa farmers that the government will soon announce...
TAGG warns of price hikes amid cedi depreciation
The Trades Advocacy Group Ghana (TAGG) has expressed serious concerns over the rapid depreciation of the Ghanaian cedi against the US dollar, warning that...
Jospong Group seeks new opportunities for Ghana at forum on China-Africa Cooperation
A delegation from ace African conglomerate, Jospong Group of companies has participated in the recent Forum on China-Africa Cooperation (FOCAC) held in Beijing, China.The...
Demand pressure eases but cedi depreciates slowly; one dollar equals $16.35
The demand pressure on the Ghana cedi eased last week but the local currency continued to depreciate marginally.The cedi shed 1.21% to the dollar...
Bond market: Secondary market volume dips to GH¢886m
The secondary bond market activity slowed by 5.35% to GH¢886 million last week, down from GH¢1.21 billion recorded during the preceding week.There were minor...
Apple unveils iPhone 16 designed for AI
Apple has officially taken the wraps off the iPhone 16, marking a major leap forward with its first-ever smartphone designed specifically to harness the...
T-bills target missed for 9th consecutive time
The government's efforts to meet its auction targets continue to be hampered by dampening liquidity in the money market, resulting in a shortfall of...
Government debunks reports of debt restructuring with local contractors
The Ministry of Finance has debunked claims suggesting that the government is engaging in debt restructuring with private banks and local contractors.
The Ministry in a...
Finance Ministry denies debt restructuring with local banks and contractors
The Ministry of Finance (MoF) has refuted claims of debt restructuring involving private banks and local contractors.This response follows recent publications alleging that the...
COCOBOD revises 2024/25 cocoa production target down by 19.8% due to unprecedented dry spell
The Ghana Cocoa Board (COCOBOD) says the new cocoa crop season which starts tomorrow, September 10, 2024 will be opened with its proposed self-financing...
T-bills auction: Gov’t target falls short again; interest rates up marginally
The government missed its target for treasury bills for the 9th week, as liquidity remained tight on the money market ahead of the December...
Government borrowing on domestic market too high – IEA
The Institute of Economic Affairs (IEA) has expressed worry about the aggressive borrowing by the government on the domestic debt market, especially from the...
Proposed energy sector merger could threaten electricity affordability – IES warns
The Institute for Energy Security (IES) has raised concerns about a draft bill proposing the merger of key energy institutions, including the Volta River...
MTN officials engage 3000 students at Youth Empowerment Summit in Tamale
MTN’s Corporate Communication Senior Manager, Georgina Asare Fiagbenu, and Senior Manager of API Partnerships at MTN Group Fintech, Ruth Badoo Bruce, were speakers at...
Top 10 African countries with the highest business bribery risks
How far would you go to secure a deal? For many businesses, the line between ethical practices and survival can become blurred when bribery...
OMC’s projects fuel price reduction from September 16, if…
Oil Marketing Companies (OMCs) are projecting some marginal reduction in fuel prices from September 16, 2024 if the Ghana cedi remains stable against the...
Over 100,000 acres of Cocoa farms destroyed by illegal mining – Farmers demand action
The Mankrom Cocoa Cooperative Farmers Association has raised alarm over the destruction of more than 100,000 acres of cocoa farms due to illegal mining...
Over 100,000 acres of cocoa farms destroyed by illegal mining – Farmers Association
The Mankrom Cocoa Cooperative Farmers Association has disclosed that illegal mining activities have destroyed over 100,000 acres of cocoa farms.The farmers expressed deep concern...
Ghana’s unemployment to remain at an average 4.0% in 2024 – Fitch Solutions
Unemployment in Ghana in 2024 would remain at an average 4.0% of the labour force, Fitch Solutions has stated.It is expected to be at...
Election year spending poses upside risk to stability of Cedi – Bank of Ghana
The Bank of Ghana (BoG) has indicated that their tight monetary policy and anticipated rate cuts in advanced economies are likely to ease pressure...
Cement prices won’t be capped, new LI to ensure fairness – KT Hammond
The Minister for Trade and Industry, K.T. Hammond, has clarified that the government does not intend to cap cement prices in the near future.His...
We’re exploring ways to boost returns from SSNIT hotels – Osafo-Maafo
The Social Security and National Insurance Trust (SSNIT) is reconsidering strategies to increase returns from its hotels.This comes after the suspension of the sale...
Parliament passes new cement price L.I into law
The Legislative Instrument (L.I.) seeking to regulate the prices of cement has been passed into law, despite opposition from cement manufacturers and sections of...
New round of debt restructuring: Govt turns to private banks, contractors
The government has sent an offer to private banks and contractors who it owes about $2.8 billion for a possible restructuring of the debt.After...
Banking sector recovering from Post-DDEP – Monetary Policy Report
The Bank of Ghana has revealed that the banking sector’s performance in half-year 2024 pointed to continuing recovery from the macroeconomic challenges since 2022.However,...
Banks profit increases by 25.5% to GH¢5.4 billion in half-year 2024
The banking industry’s profit-after-tax increased by 25.5% to GH¢5.4 billion in June 2024, the Monetary Policy Report of the Bank of Ghana has revealed.This...
QNET is a legitimate enterprise, not a Ponzi scheme – Management clarifies
QNET, a global lifestyle and wellness company, has responded to recent media reports following the arrest of 487 individuals in Kumasi.In a statement, the...
Shippers Authority, Transport Ministry secure release of six Ghanaian cargo trucks in Burkina Faso
The Ghana Shippers’ Authority (GSA) with support from the Ministry of Transport (MoT) has secured the release of six Ghanaian cargo trucks detained at...
Disregard audio purporting misreading by some OMCs – COPEC alerts general public
The Chamber of Petroleum Consumers (COPEC) Ghana has entreated the general public to disregard a trending audio purporting that some Oil Marketing Companies (OMCs)...
Parliament approves $250m World Bank loan
Parliament has approved a $250 million loan agreement from the World Bank to support Ghana's Energy Sector Recovery Programme.This facility, which was initially rejected...
Banks shareholders’ funds grew sharply by 44.9% to GH¢32.3bn -BoG
Banks’ shareholders’ funds position comprising paid-up capital and reserves continued to improve on account of a rebound in profits across the industry.Total shareholders’ funds...
Banks investments expand by 19.2% to GH¢107.2bn in half-year 2024 – BoG
Bank investments surged by 19.2% to reach GH¢107.2 billion in June 2024, compared to an 11.0% growth in June 2023, according to the July...
SOEs pay over GH₵194m dividend to government in 2023
Profit-making State-Owned Enterprises (SOEs) in the country paid over GH₵194 million in dividends to the government last year.This amount largely comes from firms where...
MoMo vendors in Sissala East suspend services indefinitely over robbery attacks
Mobile money vendors in the Sissala East Municipality of the Upper West Region have indefinitely suspended their services in response to a spate of...
Number of advertised jobs goes down marginally – BoG
The latest Bank of Ghana (BoG) Monetary Policy Report has shown a slight decrease in the number of advertised jobs in June this year.In...
New vehicle registration for first 5 months of 2024 increases by 10.2 percent – BoG report
Data from the Bank of Ghana (BoG) Monetary Policy Report has revealed that the number of new vehicle registrations from January to May 2024...
Business confidence dipped due to rapid exchange rate depreciation in May 2024 – BoG report
The Bank of Ghana (BoG) in its latest Monetary Policy Report has revealed that confidence surveys conducted in June 2024 indicated some softening of...
The timing is wrong – Edward Bawa on govt’s VRA-BPA merger bill [Listen]
The Member of Parliament for Bongo Constituency, Edward Bawa, has criticized the government's proposed bill to merge the Volta River Authority (VRA) and the...
We’ve delivered and we’ll continue to do more – Deputy Finance Minister
Deputy Finance Minister, Dr. Alex Ampaabeng, has affirmed that the government has fulfilled its promises and is dedicated to further enhancing the well-being of...