Full text: IMF's statement on Ghana's Extended Credit Facility
The International Monetary Fund (IMF) confirmed in a statement recently the extension of Ghana’s program by one more year.
Read the full statement below.
Press Release...
Menzgold to shut down its Gold Vault Market
Menzgold Company Limited, an investment company has announced that it shall close its Gold Vault Market from Friday September 15 until further notice but...
Paperless won’t lead to job Ccts – GPHA Boss
THE ACTING Director General of the Ghana Ports and Harbours Authority (GPHA), Paul Asare Ansah has assured staff of the port authority that none...
GSE suspends Cocoa processing Company
The Ghana Stock Exchange (GSE) has suspended trading in the shares of Cocoa Processing Company Limited (CPC) with effect from August 30, 2017.
The company...
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GFL fights SSNIT over labour College gift to TUC
The Ghana Federation of Labour (GFL) has kicked against SSNIT’s decision to donate the Ghana Labour College in Accra when it is rebuilt, to...
Glo launches four new customer-centric products
Glo Ghana has launched four new customer-centric products to register its determination to stem customer base decline and excite current and prospective customers.
The four...
Banks’ profits decline
Profitability in the country’s banking sector declined for the period ending June 2017 compared with the same period last year.
Profitability indicators such as the...
Bawumia jabs NDC over economy
Vice President, Alhaji Dr. Mahamudu Bawumia, has ridiculed the economic management team of the erstwhile John Mahama administration, saying they do not come close...
8 key Q&A s on collapse of UT, Capital Bank
The collapse of two indigenous banks; UT and Capital Banks have left in their wake discussions within the industry as to what possible conditions...
Hot Audio: We didn’t force Minister to grant our license – Exton MD
Managing Director of Exton Cubic Group Limited says they did not use their affiliation with former President John Mahama to coerce the former Minister of...
Treat telcos as utility service, national security – Telecoms Chamber
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Paramount chief of the Edina Traditional Area, Nana Kwadwo Conduah XI is predicting the collapse of factories under the flagship One District One factory...
Non-Performing Loans Hit GHȻ8b – BoG
Non-Performing Loans (NPLs) (loans on which the borrowers are not making interest payments or repaying any principal) of commercial banks in Ghana as of...
Hot audio: 'Fishermen in Central region now eat fried rice and jollof at sea'
Fishermen especially in the Central region don’t consume their own catch due to use of poisonous substance for fishing.
They rather buy fried rice, jollof...
Ghana now exporting power to La Cote d’Ivoire
Ghana is now exporting electricity to her West African neighbours, La Cote d’Ivoire after just seven months of the Nana Akufo-Addo-led administration, Minister of...
Hot audio: 'NDC MPs rush to my office with One District One Factory proposals'
Minority Members of Parliament who are opposed to the flagship 'One District One Factory' policy are among the first people who rush to the...
Ekumfi pineapple factory to create 5000 jobs – Minister
The Central Regional Minister, Kwamena Duncan has revealed the pineapple processing factory to be opened under the One District One Factory Project will create...
Ghana now exporting power to La Cote d’Ivoire – Hamid
Ghana is now exporting electricity to her West African neighbours, La Cote d’Ivoire just after seven months of Nana Addo Dankwa Akufo-Addo led government...
Samsung’s Galaxy Note 8 ready to battle Apple, Google
Samsung debuted its long-awaited Galaxy Note 8 smartphone on Wednesday, showing off a 6.3-inch screen with an edge-to-edge display, packing more real estate into...
PPI drops to 2.0% in July
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The figure is down from the...
Equatorial Guinea to help improve Ghana’s energy security – Boakye Agyarko
Ghana has signed a Heads of Agreement with Equatorial Guinea for the supply of 150 million to 200 million standard cubic feet of gas...
Airtel Ghana supports Hajj Board
Airtel Ghana, the Smartphone Network has made a special donation to the National Hajj Board to support Ghanaian Pilgrims embarking on this year’s Hajj....
Freddie Blay predicts 1.5 million tonnes of cocoa
Ghana will once again attain over one-million metric tonnes of cocoa production under the Akufo-Addo led government, Acting National Chairman of the ruling New...
Exton Cubic Group not permitted to mine at Nyinahini – EPA
The Environmental Protection Agency (EPA) says it has not granted permission to Exton Cubic Group to undertake bauxite mining activities at Nyinahini in the...
Hot video: SSNIT spends $66m on malfunctioning IT project
Social Security and National Insurance Trust, SSNIT spent about $66 million on a malfunctioning Information Technology infrastructure - operational business suite (OBS) last year.
The project...
Hot audio: NDC claims ownership of Ekumfi pineapple factory
The opposition National Democratic Congress (NDC) has accused the Akufo-Addo led government of taking credit for projects initiated by the erstwhile Mahama administration.
According to...
Govt’s promise to eliminate armyworm is ‘panic reaction’ – Scientist
Government’s promise to eliminate the incidence of Fall Armyworm invasion is not realistic, Crop Scientist at the University of Cape Coast Dr. Michael OseiAdu...
GUTA denies threatening to take over Nigerian businesses
The Ghana Union of Traders’ Association (GUTA) has flatly denied threatening to attack and cease Nigerian businesses at the Suame Magazine in Kumasi.
Mr. Anthony...
Zoomlion boss goes to court to scuttle Joy News corruption investigation
The CEO of Zoomlion Ghana Limited and Chairman of the Jospong Group of Companies, Joseph Siaw Agyepong, has gone to court in an attempt...
CDH invests GHC15,000 in GAF graduation
CDH Asset Management Limited, a subsidiary of CDH Financial Holdings Limited, has once again demonstrated its unflinching support for the Ghana Armed Forces Command...
Expresso sale, share transfer breaches industry regulations
The Electronic Communication Act, Act 775, 2008, requires telecom network operators to give the National Communications Authority (NCA) thirty days notice before selling or...
Jubilee Fields unitization to cost $1.9bn
Jubilee Fields operator, Tullow Oil, and its partner, Kosmos, have revised down the cost estimate for integrating the field with nearby discoveries into the...
Crude price dips
Oil dipped on Monday, weighed down by rising U.S. output although a 13 percent fall in U.S. crude inventories since March indicated a gradually...
ICU wants government to scrap overtime taxes
The Industrial and Commercial Workers Union (ICU) is calling on the government to waive the taxes on overtime earnings by workers.
ICU General Secretary, Solomon...
Tigo, Airtel staff anxious as spectrum debate stalls merger approval
Adom News can confirm that there is rising anxiety among workers and even some management staff of Tigo and Airtel due to five months...
Mandatory toll levy scrapped
Government will not implement the mandatory towing levy which was scheduled to commence on July 1, 2017.
A statement signed by the Minister of Transport...
African governments are bad at running businesses – Dangote
Nigerian billionaire Aliko Dangote says African governments have never been good at running any business which has impacted negatively on the development of the...
GRA to clampdown on unregistered businesses
The Ghana Revenue Authority (GRA) Debt Management Team has asked qualified businesses that are not registered to do so with immediate effect to avoid...
PIAC holds forum on oil revenue usage at Denu
The Public Interest and Accountability Committee (PIAC) has held a day’s public forum on the country’s petroleum revenue between 2011 and 2016 at Denu...