Fuel shortage persists in Damongo despite NPA’s assurances
Despite assurances from the National Petroleum Authority (NPA) to normalize fuel supplies in the Savannah Regional capital of Damongo, the product is still in...
Mahama engages Independent Power Producers to avert power crisis
President John Dramani Mahama has held an emergency meeting with Independent Power Producers (IPPs) to address Ghana’s looming energy crisis.The meeting, held on Monday,...
Ato Forson promises to collaborate with new Agric Minister for fair cocoa prices
The Finance Minister-designate, Dr. Cassiel Ato Forson, has assured cocoa farmers of fair pricing for their produce through collaboration with the incoming Minister for...
We’ll set up independent value for money office – Ato Forson
The Finance Minister-designate, Dr. Cassiel Ato Forson, has revealed that the National Democratic Congress (NDC) government will establish an Independent Value for Money Office.The...
Ato Forson pledges to address challenges of Domestic Debt Exchange Programme
The Minister-Designate for Finance, Dr. Cassiel Ato Forson, has vowed to tackle the adverse effects of Ghana’s Domestic Debt Exchange Programme (DDEP) on the...
Cedi loses grounds against dollar but records gain against pound; one dollar equals GH¢15.85
The Ghana cedi lost 0.48% to the dollar last week, increasing its year-to-date loss to 1.27% with just 13 days into 2025.The local currency...
Finance Minister-designate vows to bring inflation back to single digit
Finance Minister-nominee Dr. Cassiel Ato Forson has committed to reducing Ghana’s inflation to single digits through a series of robust fiscal measures, with a...
We’ll abolish betting tax, E-Levy in our first budget – Ato Forson insists [Video]
The Finance Minister-designate, Dr. Cassiel Ato Forson, has vowed to abolish the betting tax and the e-levy in his first budget.Speaking before the Appointments...
Don’t be scared; we won’t default on our debt obligations – Ato Forson to Akufo-Addo
The Finance Minister-designate, Dr. Cassiel Ato Forson, has assured former President Nana Akufo-Addo and the people of Ghana that the country will not default...
We intend to reduce depreciation to 8% in the shortest time – Finance Minister-designate
The Finance Minister-designate, Dr. Cassiel Ato Forson, has announced plans to reduce the country’s currency depreciation rate to 8% within the shortest possible time.He...
My priority is a stable cedi, low prices and job creation – Ato Forson
The Finance Minister-designate, Dr. Cassiel Ato Forson, has outlined his top priorities as ensuring a stable Ghanaian cedi, reducing the cost of living, and...
I’ll dedicate a considerable amount of my time to revenue mobilisation – Ato Forson
The Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to prioritise revenue mobilisation as a key focus of his tenure, should he be approved...
Cutting waste and tackling inflation key to economic recovery – Finance Minister-designate
The Finance Minister-Designate, Dr. Cassiel Ato Forson, has stressed the urgent need to reduce waste and bring down inflation to attract both local and...
My problem with tax exemptions is the opaqueness and favouritism – Ato Forson
The Finance Minister-designate, Dr. Cassiel Ato Forson, has expressed concerns about the current tax exemption regime, describing it as opaque and prone to favouritism.Speaking...
Revenue growth possible without tax hikes, some taxes will be scrapped – Ato Forson
The Finance Minister-designate, Dr. Cassiel Ato Forson, has outlined his vision to raise revenue without resorting to tax increases, emphasizing a focus on improving...
T-bills: Government records 55% oversubscription; interest rates rise
Demand for treasury bills soared on the money market as T-bills were oversubscribed by more than 55%.However, interest rates continued to surged, increasing the...
I didn’t say I was going to request additional funds from IMF – Finance Minister-Designate
The Finance Minister-designate, Dr. Cassiel Ato Forson, has refuted claims that he intends to request additional finance from the International Monetary Fund (IMF).Speaking during...
PFAG urges gov’t to audit Pwalugu Dam and recover misappropriated funds
The Peasant Farmers Association of Ghana (PFAG) has called on the newly elected government to prioritize an audit of the Pwalugu Multi-Purpose Dam to...
NPA implements measures to resolve petrol shortages in northern Ghana
The National Petroleum Authority (NPA) has assured Ghanaians that concrete steps are being taken to address the recent petrol shortages reported in parts of...
Fuel shortage hits Yendi and Damongo, residents appeal for swift intervention
Yendi and its surrounding areas in the Northern Region are grappling with a severe fuel shortage that has caused significant disruptions to daily activities...
Gradual reduction of E-Levy better than complete abolishment – Dr Kwame Asante
Political Scientist Kwame Asah-Asante says a phased reduction of the Electronic Levy (E-Levy) would be a more feasible approach than its outright removal.Speaking on...
Rationalize Ghana’s tax system – AGI tells gov’t
The Association of Ghana Industries (AGI) has described Ghana’s tax system as unfair and counterproductive to the growth of local businesses.
Chief Executive Officer of...
2025 budget will test Mahama’s push for private sector partnership – Dalex Finance CEO
The Chief Executive Officer of Dalex Finance Joe Jackson has stated that the 2025 budget will demonstrate President John Mahama’s commitment to partner with...
Ato Forson doesn’t need a PhD in Economics to become successful – Economist at UG
A Development Economist at the University of Ghana, George Domfe, has argued that Dr. Cassiel Ato Forson does not need a PhD in economics...
Government to borrow GH₵200 Billion from treasury bill market in 2025
The government is projected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, marking a decrease from the estimated GH₵220 billion...
John Jinapor orders ECG to suspend supply payments
The Energy Minister-Designate, John Jinapor, has issued a strong directive to the Electricity Company of Ghana (ECG), ordering an immediate suspension of all payments...
GUTA optimistic about government addressing business concerns
The Ghana Union of Traders Associations (GUTA) has expressed hope that the new government will address the genuine concerns of the business community.The Union...
Gov’t could seek more IMF funding – Finance Minister-designate
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion...
Ghana seeks reinstatement of $190M MCC funds for electricity sector reforms
President John Dramani Mahama has announced Ghana’s readiness to renegotiate with the United States Government for the possible reinstatement of $190 million under the...
Government to borrow GH¢200bn; fixed income market to bounce back strongly
The government will borrow about GH¢200 billion from the treasury market in 2025.This is below the 2024 estimate of GH¢220 billion in 2024, translating...
Ghana is 2nd most indebted African country to IMF in terms of Concessional Lending
Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.The country’s...
Pound falls as borrowing costs rise to highest since 2008
The pound has fallen to its lowest level for nine months after UK government borrowing costs continued to rise.The drop came as UK 10-year...
Maintain E-Levy to support Women’s Development Bank, SMEs – GUTA tells Mahama
The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...
Government misses 2024 inflation target as December rate rises to 23.8%
The government has fallen short of its 2024 year-end inflation target of 15%, as inflation for December 2024 rose to 23.8%, up from 23.0%...
As long as I remain BoG Governor, no revoked license will be reinstated – Dr Addison
The Governor of the Bank of Ghana(BoG) Dr Ernest Addison, has ruled out the possibility of the restoration of any revoked banking licenses as...
Accra is 5th most expensive city in Africa in terms of rent
Accra is the 5th most expensive city in Africa in terms of rent, according to Numbeo.Accra’s rent index of 12.0 also placed it 230...
Exit of multinational firms due to high inflation, currency weakness – Deloitte
Professional services firm, Deloitte, has revealed that the exit of multinational companies in Nigeria and Ghana is due to rising inflation, dollar illiquidity and...
BoG injected US$2.8bn into forex market between August and December 2024
The Bank of Ghana injected about US$2.8 billion into the foreign exchange market between August 2024 and December 2024.It subsequently auctioned US$480 million to...
Bank of Ghana: List of FX Brokers authorised to operate on the Ghana Interbank FX Market
The Bank of Ghana (BoG) has announced the authorized FX brokers permitted to operate in the Ghana Interbank Forex Market for the calendar year...
I knew fighting galamsey wasn’t a popular position to take – Akufo-Addo
President Nana Akufo-Addo has acknowledged the challenges his administration has faced in its effort to combat illegal mining, commonly known as galamsey, in the...