Low sales hit Avenor livestock market as prices soar during festive season
Traders at Accra's Avenor livestock market are experiencing a sharp decline in sales this festive season, attributing the downturn to steep price increases in...
LYZY Tomato Mix makes grand appearance at Foster Romanus event
Patrons who thronged into the premises of National Theatre for the 'Romanus Incomplete VI' event hosted by comedian Foster Romanus on Monday, December 23,...
BoG Governor explains UT, Capital Bank license revocations
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has attributed the revocation of licenses for UT Bank and Capital Bank to...
Ghana Shippers Authority addresses Tema port delays
The Ghana Shippers Authority (GSA) has addressed recent delays in container delivery and evacuation at Tema Port, citing scanner breakdowns at terminals and system...
Asante Gold secures $500 million gold forward agreement to advance Bibiani operations
Asante Gold Corporation has announced the signing of a $500 million Gold Forward Purchase Agreement with Fujairah Holdings LLC.This strategic move, facilitated through its...
Policy rate to fall to 22.5% in 2025 – Deloitte
Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend.It is thus...
Cedi to end 2024, 2025 at GH¢16.07, GH¢17.23 – EIU
The Economist Intelligence Unit (EIU) estimates that the cedi will end 2024 at GH¢16.07 to one US dollar.It also projects a marginal depreciation of...
Bond market: Volume falls by 50.1% on risk sentiments
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.Total volume traded fell to GH¢762...
Ivory Coast cocoa farmers concerned about Harmattan wind’s impact on production
Farmers in some of Ivory Coast's cocoa-growing regions are concerned about the impact of the strong Harmattan wind on the cocoa crop, as it...
Ghana’s gold production to rise marginally by 3% in 2025 – Deloitte
Ghana’s gold production is projected to rise marginally by 3% to 136 tonnes in 2025 from an estimated 132 tonnes in 2024.According to Deloitte,...
Dr. Nduom confident in Mahama-led NDC to restore GN Bank’s legacy
The Global Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has expressed confidence that the new National Democratic Congress (NDC) administration, led by John...
First tax to go should be COVID-19 levy, E-levy, and VAT reviewed – GNCCI
The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), has called on the incoming government to prioritise the removal of specific...
Weak cocoa production impacting COCOBOD amid record high prices – IMF
The International Monetary Fund (IMF) has identified 2024 as a challenging financial year for the Ghana Cocoa Board (COCOBOD), despite some progress made in...
Struggling to celebrate: How economic challenges are redefining Christmas in Accra
As the festive season draws closer, the streets of Accra, typically brimming with Christmas cheer, bear a more subdued mood this year.Inflation and economic...
Aggrieved Menzgold customers appeal to Mahama for financial bailout
Customers of the collapsed MenzGold Ghana Limited are urging the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address...
Present 2025 mini-budget or risk jail term – Ato Forson cautions Finance Minister
Finance Minister, Dr. Mohammed Amin Adams has been warned that he risks a prison sentence if he fails to present the mini-budget to Parliament.This...
LPG consumption increases by 4% in 2023
Despite facing significant challenges in 2022, Ghana's Liquefied Petroleum Gas (LPG) consumption saw a modest increase of 4% in 2023.According to recent data by...
Ghana records $316m in FDI in first three quarters of 2024
Ghana attracted Foreign Direct Investment (FDI) worth $316 million in the first nine months of 2024, reinforcing its reputation as a prime investment destination...
Gabriel Kumi elected Board of the Chamber of Oil Marketing Companies
The Board of the Chamber of Oil Marketing Companies has elected the Executive Director of Trinity Oil Company Gabriel Kumi as board chair of...
Maintain a tight monetary policy stance – IMF to BoG
The International Monetary Fund (IMF) has urged the Bank of Ghana (BoG) to maintain a tight monetary policy stance given upside risks to inflation...
Fitch expects outlook for sub-Saharan African sovereigns to be neutral in 2025
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025.This the UK-based firm says will reflect a stronger macroeconomic outlook...
Ghana spent nearly half of revenue on debt servicing in 5 years
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.This...
Seth Terkper justifies national dialogue on IMF borrowing and economic recovery
Former Finance Minister Seth Terkper has defended the incoming Mahama administration’s plans to convene a national dialogue to chart a sustainable path for Ghana’s...
We are handing over a strong economy – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand...
Cedi narrows its year-to-date loss; one dollar equals GH¢15.65
The Ghana cedi clawed back further gains as its resurgence against the dollar continued abated.The local currency gained 3.8% week-on-week to the US dollar...
Reducing food inflation must be a priority in Mahama’s administration – Prof. Gatsi
Economist and Dean of the University Cape Coast Business School, Prof. John Gasti has advised the incoming John Mahama administration to work at reducing...
BOT Properties wins best Promising Property Company of the Year at Ghana Property Awards 2024
BOT Properties has been recognised as the Best Promising Property Company of the Year at the prestigious Ghana Property Awards 2024.This honour is a...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
Current financial year proving challenging for COCOBOD – IMF
Although Ghana Cocoa Board’s (COCOBOD) financial position improved in 2023, the current financial year is proving challenging, the International Monetary Fund has stated.According to...
Energy sector is a major source of financial risk; legacy debts hit $2.1bn – IMF
The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source...
T-bills auction: Government records 19.75% oversubscription; interest rates near 30%
The government recorded a 19.75% oversubscription of treasury bills barely a week after President Mahama won the presidential elections.According to the Bank of Ghana's...
We won’t abandon IMF programme – Mahama
President-elect, John Dramani Mahama, has reassured Ghanaians that his administration will not abandon the ongoing International Monetary Fund (IMF) programme.In an interview with VOA...
Ahafo youth with innovative business ideas to receive supportÂ
Youth in the Ahafo Region with innovative business ideas are set to receive support from the government and private organizations to help reduce unemployment.At...
ADB threatens legal action over false claims against Deputy Managing Director
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
Recapitalisation of banks progressing, but credit risks surge – IMF
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.The Washington-based multilateral institution, however, said the banking...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy (KOS.N), is in early talks for an all-share acquisition of Tullow Oil (TLW.L) that would create a...
IMF programme renegotiation will be guided by plans to reset economy – Terkper
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX launches revolutionary money transfer services in Ghana
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.The company’s goal is to streamline international remittances, providing...
Names of over 505,000 businesses and companies to be delisted by end of 2024
The Office of the Registrar of Companies (ORC) has announced plans to delist approximately 500,000 business names and 5,000 companies from its register by...
Mahama pledges to prioritise cedi stabilisation
President-elect John Dramani Mahama has identified stabilising the Ghanaian currency as his foremost priority once the transfer of power is completed.Acknowledging the adverse impact...