McDan addresses $3m debt allegations; seeks dialogue over terminal shutdown
The management of McDan Group of Companies says it is committed to a dialogue to resolve the issues leading to the shutdown of their...
Ghana’s economy rebounding impressively – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has highlighted Ghana’s impressive economic recovery, pointing to key growth indicators as proof of progress.In his final New Year...
BoG Governor, 2 Deputies receive awards at National Honours Ceremony
The Governor of the Bank of Ghana, Dr. Ernest Addison and his two deputies, Dr Maxwell Opoku-Afari (First Deputy Governor) and Elsie Addo Awadz...
NDC gov’t must consolidate all taxes imposed on us – Ghana Hotels Association
The Ghana Hotels Association says it will push the incoming NDC government to consolidate all taxes imposed on its members.President of the Association, Dr...
GACL details McDan Company’s indebtedness, insists on settlement
The Ghana Airports Company Limited (GACL) has reaffirmed its commitment to recovering debts owed by companies operating at the Kotoka International Airport, including what...
BoG issues large exposures directive for banks, others
The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies.The objectives of the...
McDan breaks silence on closure of private jet terminal
The management of McDan Group has expressed disappointment in the Ghana Airports Company Limited (GACL) over the shutdown of its Private Jet Terminal over...
GACL shuts down McDan Aviation Private Jet Terminal over $3 Million debt
The management of the Ghana Airports Company Limited (GACL) has shut down the McDan Aviation Private Jet Terminal due to an outstanding debt exceeding...
Dr. Nick Danso Adjei conferred with the grand medal award by the State
Ghana Link Network Services Limited proudly announces that its Executive Chairman, Dr. Nick Danso Adjei, has been conferred the prestigious Grand Medal Award by...
BoG likely to trigger MPCC if inflation falls outside central target of 18.0%+/-2 – Report
The Bank of Ghana is likely to trigger the Monetary Policy Consultation Clause (MPCC) if there the country misses the central target of 18.0%+/-2.Inflation...
T-bills auction: Gov’t records 9% oversubscription; interest rates hit 30%
The government achieved about 9.0% oversubscription of treasury bills sales, barely a week after it recorded a marginal undersubscription.It got GH¢4.65 billion against a...
ADB justifies $750,000 ‘last minute’ contract
The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the alleged last-minute $750,000 contract is a renewal.In a statement,...
Don’t pay for delays at the port – Shippers told
The Ghana Shippers’ Authority (GSA) has directed shippers not to pay for the costs associated with delays at ports caused by system failures or...
NDC Victory: A bold opportunity to transform Ghana’s agriculture and economy – Klutse Kudomor speaks
The National Democratic Congress (NDC) has secured victory in Ghana’s recent general elections, entrusted by the people to lead the nation over the next...
Ablakwa blows alarm on ADB board’s $750K last minute contract
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...
BoG issues bancassurance directives to stakeholders in financial sector
The Bank of Ghana (BoG) has issued the bancassurance directives as an Exposure Draft to solicit comments and inputs from the banking industry and...
Gov’t misses T-bills target by GHS 60m amid rising yields
The government recorded a marginal shortfall in last week’s Treasury bills auction, securing GHS 5.40 billion in bids against a target of GHS 5.46...
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...