Sir Sam Jonah condemns revocation of UT Bank licence, calls for business-friendly policies
Businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has delivered a scathing critique of the revocation of the license of UT Bank.He...
We are committed to reviewing Cash Reserve Ratio for banks – BoG Governor
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the central bank is committed to reviewing the current Cash Reserve...
Nearly GH₵345m saved through 1st phase of nationwide payroll monitoring exercise – FWSC
The Fair Wages and Salaries Commission says it has saved Ghana a substantial GH₵345 million through the first phase of a nationwide payroll monitoring...
Energy Minister John Jinapor visits WAPCo station in Tema
The Minister for Energy and Green Transition, John Abdulai Jinapor, has visited the West African Pipeline Company (WAPCo) station in Tema amid growing pressure...
Dr. Atuahene sends strong message to Ghanaians on bank thefts
Banking consultant Dr. Richmond Atuahene has raised concerns over the involvement of financial institution staff in cash theft, cautioning customers against blindly trusting bank...
AGI President cautions against untargeted expenditure cuts in 2025 budget
President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has warned that the government's planned expenditure cuts could harm the economy if...
Mahama announces National Emolument Committee to address salary gaps
President John Dramani Mahama has announced the establishment of a National Emolument Committee to tackle salary disparities and ensure fairness in Ghana’s public sector...
Establish new exploration fund in Ghana – Dr. Ackah
The Executive Director of Ghana Gold Expo, Dr. Stephen Ackah, has called for the creation of a new exploration fund in Ghana, emphasizing that...
UT Bank collapse is economic injustice – Sam Jonah
Renowned businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has strongly criticised the collapse of UT Bank, describing it as a significant...
‘Streamline VAT or businesses will suffocate’ – AGI warns gov’t
The President of the Association of Ghana Industries (AGI) has charged government to urgently reform the Value Added Tax (VAT) system, describing it as...
WAPCO completes 70% of pipeline cleaning
The West Africa Gas Pipeline Company Limited (WAPCo) has announced that ongoing maintenance work on its gas pipelines is expected to be completed by...
Tullow Chairman meets Mahama, reaffirms strong partnership
Tullow Plc Board Chairman, Phuthuma Nhleko, has reaffirmed the company’s strong commitment to Ghana’s energy sector, emphasizing its nearly two-decade-long partnership with the country.
In...
Fix VAT first before celebrating tax cuts – AGI President tells government
The President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has raised concerns over the country’s current Value Added Tax (VAT) system,...
We’re not selling ECG – Energy Minister insists
Energy Minister for Energy and Green Transition, John Abdulai Jinapor, has firmly dismissed claims that the government plans to sell the Electricity Company of...
Oil palm exports drop by over 50%
Ghana’s oil palm export for 2024 dropped by more than 50%, according to the Oil Palm Development Association of Ghana.
The president of the association,...
10% salary increase for public sector workers is excessive – Austin Gamey
Labour Consultant Austin Gamey has cautioned that the government’s recent approval of a 10% salary increase for public sector workers is excessive and could...
Ghana lost GHȼ4.6 billion to tax exemptions in 2023
The Finance Ministry has revealed that Ghana lost GHȼ4.6 billion to tax expenditures in 2023—a 4.2% drop from the GHȼ4.8 billion recorded in 2022.
While...
Gabriel Kumi urges GRA to improve ICUMS efficiency at ports
The Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabriel Kumi, has urged the Ghana Revenue Authority (GRA) to enhance the efficiency of...
Cedi depreciates by 6.5% in first six weeks of 2025
Optimism expressed by businesses and traders about the stability of the cedi against the US dollar at the start of the year has faded...
WAPCO MD pays courtesy call on VRA’s Acting Managing Director
The Managing Director of the West Africa Gas Pipeline Company Limited (WAPCO), Michelle Burkett, has paid a courtesy visit to Edward Ekow Obeng-Kenzo, Acting...
Producer Price inflation hits 28.5% in January 2025
Producer price inflation at ex-factory prices for all goods and services rose to 28.5% in January 2025, up from 26.1% in December 2024.
The month-on-month...
ISSER Director cautions against hastily reinstating bank licenses
The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government and the leadership of the...
BoG launches comprehensive audit of remittance activities
The Bank of Ghana (BoG) has commenced an audit of remittance activities covering the fourth quarter of last year, from October 1 to December...
Minority demands increase in cocoa producer price
The Minority NPP Caucus in Parliament has called on the government to increase the producer price of cocoa, citing promises made before and after...
Kwakye Ofosu challenges Dr. Amin Adam over DDEP payments
The Minister of State for Government Communication, Felix Kwakye Ofosu, has dismissed claims by former Finance Minister Dr. Mohammed Amin Adam that the payment...
NPA explores 24-hour economy strategies for petroleum sector
The National Petroleum Authority (NPA) is exploring strategies within the downstream petroleum value chain to support the implementation of a 24-hour economy in the...
Domestic Banks dominate secured loans in 2024 Q4 – BoG
The Bank of Ghana's (BoG) latest Quarterly Collateral Registry report has revealed that the share of secured loans granted by domestically owned banks increased...
Energy Minister to form stakeholder committee for downstream petroleum reform
The Minister for Energy and Green Transition, John Jinapor, has disclosed plans to constitute a stakeholder committee to undertake a comprehensive reform of the...
T-bills: Government to borrow GH¢7.73bn on Friday; yields to continue falling
The government plans to raise GH¢7.73 billion this Friday February 21, 2025 through the issuance of the 91-day, 182-day, and 364-day bills.This will cover...
Ghana plans return to domestic bond market in second quarter of 2025
After implementing a domestic debt exchange program that concluded in February 2023 with over 80% participation, the government is preparing to re-enter the local...
Government should not cancel ‘Gold for Oil Programme’ – Dr. Ackah
The Executive Director of the Ghana Gold Expo Foundation, Dr. Stephen Ackah, has appealed to the government not to cancel the ‘Gold for Oil...
Ghanaians must seek God’s forgiveness for mismanaging natural resources – Banking Consultant
Banking Consultant Richmond Atuahene has urged Ghanaians to seek forgiveness from God for the country’s failure to utilize its natural resources wisely.
His remarks come...
No more than $250m in borrowing for 2025 – IMF to Ghana
Ghana cannot borrow more than $250 million—including commercial loans—in 2025, under a borrowing cap as part of a Memorandum of Understanding (MOU) with its...
NHIS faces financing shortfalls, impacting health progress – World Bank
The National Health Insurance Scheme (NHIS) is facing financing shortfalls that are undermining progress in health and the protection of vulnerable groups, according to...
Cedi continues strong performance against dollar, trades at GH₵15.75
The Ghana cedi continued its strong performance against the US dollar in the retail market on February 17, 2025, trading at an average of...
NPA introduces new price floor for petroleum products
The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February 2025, effective from...
Pensioner bondholders express cautious optimism over govt’s commitment to payments
Pensioner bondholders in Ghana have expressed cautious optimism following the government’s commitment to honouring coupon payments, marking the first instalment under the new administration.
Speaking...
Mahama appoints Dr. Abiba Zakariah as Acting Commissioner of NIC
President John Mahama has appointed seasoned insurer and former Chief Operating Officer of WAICA Reinsurance Corporation, Dr. Abiba Zakariah, as the acting Commissioner of...
DDEP: NPP did not default; We ensured smooth payments before leaving office – Dr. Amin Adam
Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange...
Do things right to win investors’ trust – Pensioners bondholders forum to gov’t
The Convener of the Pensioners Bondholders Forum, Dr. Adu Anane Antwi, has urged the government to ensure it fulfills its financial obligations to investors...