BoG launches centralised forex exchange platform
The Bank of Ghana (BoG) has unveiled a centralised foreign exchange trading platform.In a statement signed by the Secretary to the Bank of Ghana,...
Fuel prices to fall between 2% and 4% in coming days – IES
The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1,...
Akufo-Addo launches Aquaculture for Food and Jobs programme
In a groundbreaking event held on Tuesday, July 30, 2024, at Nsuaem in the Central Region, President Nana Addo Dankwa Akufo-Addo unveiled the Aquaculture...
Nestlé Ghana delights loyal customers with exciting rewards in inaugural ‘Nido Obatanpa Mo’ promotion
Nestlé Ghana Limited has expressed its gratitude to loyal consumers through the highly anticipated 'Nido Obatanpa Mo' grand draw.This promotion is a token of...
Change your business models to reduce NPLs – BoG to savings and loans companies
The Bank of Ghana is advising savings and loans companies across the country to reassess their business models.Head of Banking Supervision Department at the...
Government to review some tax handles to improve investment climate – Deputy Finance Minister
A Deputy Minister of Finance in-charge of revenue, Dr. Alex Ampaabeng, has indicated that the government is reviewing some tax handles to improve Ghana's...
Total value of mobile money transactions for half-year 2024 hits GH¢1.234trn
The total value of mobile money transactions for the first half of 2024 crossed the GH¢1.0 trillion mark to hit GH¢1.234 trillion, about 43.57%...
Ensure sustainability of Atlantic Lithium operations – Deputy Lands Minister to stakeholders
The Deputy Minister for Lands and Natural Resources responsible for Mines, George Mireku Duker has called on all mining stakeholders and traditional authorities to...
Finance Minister to grace inaugural National Sales Leaders Conference in Accra
The Minister of Finance, Dr. Mohammed Amin Adam, will grace the inaugural National Sales Leaders Conference (NSLC) as the special guest of honour on...
Rising oil import costs put depreciation pressure on cedi; dollar now at GH¢15.88
After a stable performance the previous week, the Ghanaian cedi faced losses last week due to renewed corporate demand pressures.The local currency declined by...
Parliament passes Shippers’ Authority Bill into Law
Parliament has passed the Ghana Shippers' Authority Bill, 2024, into law on Monday, July 29 following its successful 3rd reading on the floor of...
AU endorses Akufo-Addo’s proposal for increased mobile money interoperability across Africa
The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa.The proposal, considered a crucial step toward...
IMF, Ethiopia reach deal for $3.4 billion in financing
Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday.Ethiopia's central...
Ghana ordered to pay GH¢95m judgment debt to West Blue contract termination – GRA boss reveals
The government is preparing to settle a GH¢95 million judgment debt to IT consultancy firm, West Blue Consulting, following the termination of its contract.This...
Cedi volatility, utility tariffs, and fuel price hikes are risks to inflation
Recent exchange rate pressures, upward adjustments in utility tariffs, and increases in fuel prices have posed risks to inflation that remain slightly tilted to...
Alberta Nana Akyaa Akosa named South America’s Rally Mulheres do Agro Ambassador
Agribusiness advocate, intervener, initiator, and Founder of the Agrihouse Foundation, Alberta Nana Akyaa Akosa, has been honored as the first-ever African South America's Rally...
Exorbitant charges on imported goods to blame for bribery at borders – GUTA President
The President of the Ghana Union of Traders' Associations (GUTA), Joseph Obeng, is calling for a downward review of taxes on imported goods as...
Finance Committee to recommend approval of $250m loan
The Finance Committee is set to propose to Parliament the approval of a $250 million loan designed to strengthen the financial sector.Committee Chairman Patrick...
UCS Facility MD honoured at National Governance and Business Leadership Awards
The Managing Director (MD) of UCS Facility Management Ghana Limited, Yaa Dansowaa Ampofo, has been recognised as the Exemplary Business Leader of the Year...
Banking industry’s NPLs surged to 24.1% in June 2024
The banking industry’s Non-Performing Loans (NPLs) ratio surged to 24.1% in June 2024, up from 18.7 percent in June 2023.According to the Bank of...
MoMo transactions drop in June despite increase in account registrations
The Bank of Ghana (BoG) has reported a notable decline in mobile money (MoMo) indicators for June 2024.According to data from the central bank,...
Ghana Business and Corporate Awards 2024: Nominations now open
The Ghana Business and Corporate Awards 2024 has officially opened its doors for nominations!This prestigious awards scheme, with the theme "Celebrating The Achievements Of...
Taxes straining Ghanaians, COVID-19 levy should be scrapped – Franklin Cudjoe
Founder and President of IMANI Africa, Franklin Cudjoe, has criticized the government for retaining the COVID-19 levy despite strong calls from the business community...
Ghana has not been prudent in borrowing – Bokpin
Professor of Finance at the University of Ghana, Godfred Bokpin, says the government has not demonstrated effective management of the funds it has borrowed...
GH¢10.5bn loss in 2023 not solely due to new head office construction – Bank of Ghana
The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of ₵10.5 billion...
MTN Ghana announces 80% completion of nationwide network upgrade
MTN Ghana today announced that it has completed 80% of its planned network upgrade across the country, which commenced in June 2024 and expected...
There has not been any payment on the LC – BOG on Spare part service contract
The Bank of Ghana (BoG) has clarified that it has not disbursed any payments related to the $34.9 million ambulance spare parts deal.This is...
Data prices likely to reduce by end of 2024 – NCA
The National Communication Authority (NCA) has assured the public that data prices will reduce by the last quarter of the year.This announcement follows widespread...
BoG defends continued new head office project amidst ₵10.5 billion Loss
The Bank of Ghana (BoG) has justified its decision to continue the construction of a new head office despite incurring a significant loss of...
Parliament approves first of numerous tax waivers previously blocked by Finance Committee
Parliament has approved the first in a series of tax waivers that had previously been blocked by the Finance Committee.The MP for Obuasi West...
Consumer, business confidence softens, but economic activity surges – BoG
Latest confidence surveys by the Bank of Ghana indicates some softening of consumer and business sentiments.These findings, according to the Bank of Ghana were...
Ghana reserves position remains strong; trade surplus increased to $1.805bn in June 2024
Ghana's gross international reserves position remained strong in the first half of 2024.According to the Bank of Ghana, the stock of Gross International Reserves...
Electrochem, Ada impasse: Committee condemns lawless activities against project
The Committee on Mines and Energy, and Lands and Forestry having thoroughly considered the submissions from all the stakeholders on the operations of Electrochem...
Cedi depreciates 19.5% against dollar as of July 2024 – BoG
The Ghana cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of...
Herbert Krapa commissions largest rooftop solar in Africa
The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s single largest rooftop photovoltaic solar plant that produces 16.8 megawatts...
Government revises economic targets upwards for 2024
Government has revised the 2024 macroeconomic framework due to recent domestic and global economic developments, including the debt restructuring programme with external and domestic...
Government misses revenue target by 1.9% in first half of 2024
Finance Minister Dr Mohammed Amin Adam has disclosed that total revenue and grants for the first half of 2024 amounted to GH¢74.7 billion, below...
ECG suffers GH¢10.21bn loss in 2022
The Electricity Company of Ghana (ECG) suffered a GH¢10.21 billion loss in 2022, worse than the GH¢1.91 billion recorded in 2021.It represents more than...
High NPLs due to public sector workers absconding abroad – GHASALC
The Ghana Association of Savings and Loans Companies (GHASALC) has attributed the consistent increase in Non-Performing Loans (NPL) to public sector workers who take...
TOR, Sentuo can have deeper partnership – Herbert Krapa
The Minister of State at the Ministry of Energy, Herbert Krapa, has emphasised the need for a deeper partnership between the Tema Oil Refinery...