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...
Ghana’s inflation hits six-month high driven by rising food prices
Ghana’s annual inflation rate rose to 23 percent in November, reaching a six-month high as food prices continued to surge, the Ghana Statistical Service...
London court set to decide on GRA’s $400m tax dispute with Tullow Oil
Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing...
Good news for canoe fishermen [Listen]
The Greater Accra Regional Minister, Daniel Nii Kwartei Titus-Glover, has commended Vice President Dr. Mahamudu Bawumia for introducing a solar-powered outboard motor to address...
Parliamentary deadlock halts $300M World Bank disbursement for Ghana
The government has acknowledged that the ongoing parliamentary impasse has stalled the disbursement of $300 million in World Bank funding, part of a broader...
United States provides $3million to support farmers and healthcare in Northern Ghana
The United States, through the U.S. Agency for International Development (USAID), has announced a $3 million (over 48 million Ghanaian cedis) package to assist...
December pricing window begins with marginal fuel price hikes
Some Oil Marketing Companies (OMCs) have begun marginally increasing fuel prices as the first pricing window for December takes effect.Shell has taken the lead,...
Debt restructuring losses to be recovered in 2026 – Amin Adam assures
The government has assured Ghanaians impacted by investment losses linked to the debt restructuring program, stemming from the COVID-19-induced economic downturn, that their losses...
Bond market: Trade volumes dip to GH¢574m
Activities in the secondary bond market slowed last week, decreasing by 48.87% to GH¢574 million, down from 1.12 billion.Market turnover was distributed across the...
Ghana’s fiscal performance on track to achieve primary surplus of 0.5% of GDP – IMF
The International Monetary Fund (IMF) has revealed that Ghana’s fiscal performance is on track to achieve a primary surplus of half percent of Gross...
IMF Board passes Ghana on 3rd programmme review; approves disbursement of $360m
The International Monetary Fund (IMF) Board has passed Ghana on the third programme review and approved disbursement of some US$360 million to Ghana.This was...
Bawumia to remove taxes on mobile phones to make them cheaper
The Vice President and New Patriotic Party (NPP) presidential candidate, Dr. Mahamudu Bawumia, has reaffirmed his commitment to remove taxes on mobile phones to...
Tenure of SSNIT Board extended to Jan 6
The Minister for Employment, Labour Relations, and Pensions, Ignatius Baffour Awuah, has extended the tenure of the current Board of Trustees of the Social...
Agri-Impact group board of directors holds strategic meeting to review progress and future Plans
The Board of Directors of Agri-Impact Group Limited convened for its annual meeting last week at the Peninsula Resort in Akosombo, located in the...
Total value of mobile money transactions hit GH¢2.368trn in October 2024
Data from the Bank of Ghana has revealed that the total value of mobile money transactions hit a record GH¢2.368 trillion in the 10...
Domestic economy remains stable – BoG
The Bank of Ghana has indicated that domestic macroeconomic conditions remain stable.According to the Bank of Ghana, data observed through October 2024 indicated broad...
Ras Mubarak sues MTN Ghana for $5m over roaming service failure
Former Kumbungu Member of Parliament, Abdulai Mohammed Mubarak, popularly known as Ras Mubarak, has filed a lawsuit against Scancom PLC, operators of MTN Ghana,...
T-bills: Government’s target fall short by GH¢2.26bn; interest rate still rising
The government missed its treasury bills target again by a massive GH¢2.262 billion as liquidity remains tight on the money market ahead of the...
Tax cuts are appealing, but could deepen economic challenges – Analyst cautions incoming gov’t
A Manager of Macroeconomic Research at Ghana Commercial Bank PLC, Courage Boti, has called for a cautious approach to tax cut expectations as a...
MoMo transactions hit 728m, valued at ¢298.6bn
Data from the Bank of Ghana (BoG), shows a significant rise in mobile money transactions, highlighting the growing acceptance of digital financial services across...
Ghana’s trade surplus hits $3.8bn by October 2024
Ghana recorded a remarkable trade surplus of $3.8 billion by the end of October 2024, as reported in the Bank of Ghana's November 2024...
Secured Loans: Greater Accra accounts for 62.8% of total loans; GCB records highest at 16.4%
The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions in the 3rd quarter of 2024 was concentrated in the Greater...
MGA consulting wins overall best business promotion and consultancy sector award
MGA Consulting Ghana Limited, a rapidly growing management consultancy firm, has been honoured with the Overall Best Business Promotion & Consultancy Sector Award at...
We cannot afford business as usual on debt management – AGI tells incoming gov’t
The President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim Darke, has underscored the critical importance of effective debt management as Ghana...
Elmina residents threaten gov’t with the wrath of their gods over collapse of Nduom’s businesses
Some residents of Elmina in the Komenda Edina Eguafo Abirem (KEEA) Municipality of the Central Region have issued a stern one-week ultimatum to the...
95,340 collateral registrations recorded in quarter 3, 2024 – BOG
The total number of collateral registrations recorded for Q3 2024 was 95,340, as revealed by the Bank of Ghana in its Quarterly Collateral Registry...
Gov’t boosts Agriculture through Economic Enclave Programme
The government has intensified efforts to revitalize the agricultural sector through the Economic Enclave Programme under the Ghana CARES initiative.In the Greater Accra Region,...
Total value of secured loans granted by banks, SDIs hits GH¢5.6b in Q3, 2024
The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions (SDIs) in the third quarter of 2024 was GH¢5.6 billion.This is...
Thousands of job opportunities opened for the youth under Ghana’s Petroleum Hub Project – CEO
The Chief Executive Officer (CEO) of the Petroleum Hub Development Corporation, Charles Owusu, has announced that thousands of job opportunities will be created for...