We are handing over a strong economy – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand...
Cedi narrows its year-to-date loss; one dollar equals GH¢15.65
The Ghana cedi clawed back further gains as its resurgence against the dollar continued abated.The local currency gained 3.8% week-on-week to the US dollar...
Reducing food inflation must be a priority in Mahama’s administration – Prof. Gatsi
Economist and Dean of the University Cape Coast Business School, Prof. John Gasti has advised the incoming John Mahama administration to work at reducing...
BOT Properties wins best Promising Property Company of the Year at Ghana Property Awards 2024
BOT Properties has been recognised as the Best Promising Property Company of the Year at the prestigious Ghana Property Awards 2024.This honour is a...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
Current financial year proving challenging for COCOBOD – IMF
Although Ghana Cocoa Board’s (COCOBOD) financial position improved in 2023, the current financial year is proving challenging, the International Monetary Fund has stated.According to...
Energy sector is a major source of financial risk; legacy debts hit $2.1bn – IMF
The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source...
T-bills auction: Government records 19.75% oversubscription; interest rates near 30%
The government recorded a 19.75% oversubscription of treasury bills barely a week after President Mahama won the presidential elections.According to the Bank of Ghana's...
We won’t abandon IMF programme – Mahama
President-elect, John Dramani Mahama, has reassured Ghanaians that his administration will not abandon the ongoing International Monetary Fund (IMF) programme.In an interview with VOA...
Ahafo youth with innovative business ideas to receive supportÂ
Youth in the Ahafo Region with innovative business ideas are set to receive support from the government and private organizations to help reduce unemployment.At...
ADB threatens legal action over false claims against Deputy Managing Director
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
Recapitalisation of banks progressing, but credit risks surge – IMF
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.The Washington-based multilateral institution, however, said the banking...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy (KOS.N), is in early talks for an all-share acquisition of Tullow Oil (TLW.L) that would create a...
IMF programme renegotiation will be guided by plans to reset economy – Terkper
Former Minister of Finance Seth Terkper has revealed that President-elect John Mahama’s proposals to renegotiate the International Monetary Fund (IMF) programme will be guided...
SikaFX launches revolutionary money transfer services in Ghana
SikaFX, an innovative money transfer platform, is excited to announce its launch in Ghana’s financial sector.The company’s goal is to streamline international remittances, providing...
Names of over 505,000 businesses and companies to be delisted by end of 2024
The Office of the Registrar of Companies (ORC) has announced plans to delist approximately 500,000 business names and 5,000 companies from its register by...
Mahama pledges to prioritise cedi stabilisation
President-elect John Dramani Mahama has identified stabilising the Ghanaian currency as his foremost priority once the transfer of power is completed.Acknowledging the adverse impact...
Elon Musk’s record $447 billion fortune means he’s nearly $200 billion ahead of Jeff Bezos
Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in...
British trader found guilty of £1bn fraud
A British hedge fund trader has been sentenced to 12 years in prison in Denmark, after being found guilty of orchestrating a tax fraud...
There are positive signals that Ghana’s economy is bouncing back to pre-Covid-19 era – Seth Terkper
The former Finance Minister, Seth Terkper, says there are positive signs that Ghana’s economy is progressing.During the inauguration of the transition team in Accra...
Proposals to review Ghana’s programme should be guided by ECF objectives- IMF warns
The International Monetary Fund (IMF) has revealed that proposals to re-negotiate Ghana’s programme must be guided by the fiscal objectives of the Extended Credit...
Investors urge Ghana to address alleged unlawful expropriation of gold mine assets
Future Global Resources Limited (FGRL) and Blue Gold Holdings Limited (BGHL) have issued an urgent appeal to the government of Ghana over what they...
Ghana’s high debt distress classification to be reviewed after 2028 – IMF
Ghana’s classification as high debt distress country is likely to be reviewed after 2028.This was captured in the International Monetary Fund (IMF) Staff Report...
Mahama to renegotiate IMF, World Bank deals
President-elect John Dramani Mahama has pledged to review and adjust Ghana’s existing agreements with development partners to align with the country’s current needs and...
GRA refutes claims of vehicle auctioning, warns against fraudulent notices
The Ghana Revenue Authority (GRA) has categorically denied recent reports alleging its involvement in the auctioning of vehicles.In a statement issued on December 11,...
Ghana’s debt to GDP ratio to stay above 60 percent till 2027
Global rating agency, S&P, has projected that Ghana’s public debt to Gross Domestic Product (including COCOBOD obligations) will remain above 60% of GDP in...
IMF flags risks to Ghana’s economic stability amid encouraging recovery
The International Monetary Fund (IMF) has completed the third review of Ghana's $3 billion Extended Credit Facility (ECF) programme, highlighting significant risks that could...
Fiscal consolidation in Ghana, others to gain renewed focus in 2025 – Fitch Solutions
Fiscal consolidation efforts in Sub-Saharan Africa including Ghana will gain renewed focus in 2025, Fitch Solutions has revealed in its latest report dubbed “Sub-Saharan...
Cedi expected to be biggest beneficiary from smooth elections
The cedi could be one of the biggest beneficiaries as a result of the smooth elections.Former President, John Mahama emerged the winner of the...
NPP borrowed more than GHS1 trillion between 2017 and 2024 NOT GHC 622 billion
Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC...
CBG resumes forex trading
Consolidated Bank Ghana (CBG) has resumed its foreign exchange trading operations following the restoration of its licence by the Bank of Ghana (BoG).The Central...
Misleading! Mahama didn’t leave office with debt-to-GDP ratio at 56%, inflation at 15%, unemployment rate at 8%
Claim 1: A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%. Verdict: False!Explanation
Data from...
False! Ghana 7th not 3rd, most food-secure African country
Claim: At the final rally of the New Patriotic Party (NPP) on Dec. 5, 2024, the flagbearer, Dr Mahamudu Bawumia, said: “If you ranked...
Tullow Oil CEO Rahul Dhir to step down
Tullow Oil has announced that its Chief Executive Officer Rahul Dhir will step down and also resign from its board next year.This was contained...
Report shows 99.2% of gold exported to 4 countries; UAE is top destination
Gold produced in Ghana is primarily exported to four countries.According to the Trade Statistics Report from the Ghana Statistical Service, United Arab Emirates (40.1%)...
Ghana achieves GH₵3.9bn trade surplus in months of 2024 – GSS
Ghana recorded a trade surplus of GH₵3.9 billion in the months of 2024, the Ghana Statistical Service (GSS) has stated.According to the GSS, exports...
KMA Mayor allays fears over Kejetia Market closure on election dayÂ
The Mayor of the Kumasi Metropolitan Assembly (KMA), Samuel Pyne, has dismissed claims on the closure of the Kejetia Market on December 7, 2024.The...
Ghana’s economy is rebounding strongly – Finance Minister
Dr Mohammed Amin Adam, the Minister for Finance, says Ghana’s economy has rebounded very strongly from the recent challenges.He said notably the macroeconomic front...
GN Bank will bounce back after election – Dr Nduom assures customers
Dr Papa Kwesi Nduom, the Chairman of Group Nduom (GN), despite his age, led a peaceful two-kilometre march on a sunny Monday afternoon to...
Fuel price increase: Petrol at GH₵15.30, diesel going for GH₵15.80 a litre
More Oil Marketing Companies are increasing prices of petroleum products at the pumps.This is despite an earlier industry data which suggested that prices may...