Rock City withdraws bid to purchase SSNIT Hotels
Rock City Hotel has withdrawn its bid to purchase 60 per cent of shares in four hotels owned by the Social Security and National...
Finance Minister to present Mid-Year Budget Review on July 23
The Finance Minister is expected to present the 2024 Mid-Year Budget review on Tuesday, July 23, 2024.During the address, Dr Mohammed Amin Adam is...
Loans ranked 1st as highest customer complaint – BoG
The highest complaint type received by the Bank of Ghana in 2023 was loans.According to the 2023 Complaints Management Report, the Central Bank recorded...
Withdraw LI on cement pricing for further engagement – Dr. Oteng Gyasi
The Chairman of manufacturing firm, Tropical Cables and Conductors Ltd, Dr. Tony Oteng–Gyasi is pushing for the withdrawal of the Legislative Instrument (LI) on...
Near-term outlook of inflation uncertain – Report
The near-term inflation outlook is uncertain despite the disinflation trend, GCB Capital has disclosed.It pointed out that while it expects the disinflation trend to...
Ghana’s economic reforms show progress – IMF
The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of...
I’m surprised at NPRA’s clearance for SSNIT hotels’ sale – Abraham Koomson
The General Secretary of the Ghana Federation of Labour of the Trade Union Congress (TUC), Abraham Koomson, has expressed his disbelief over the National...
Illegal SIM card business booms – Vendors, fraudsters main culprits
An underground economy centred around the illicit sale and use of pre-registered Subscriber Identity Module (SIM) cards is gradually expanding across the country.Checks by...
Persons implicated in financial sector cleanup not fit to hold positions – BoG
The Bank of Ghana has indicated that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of...
Atlantic Lithium suspends work at Ewoyaa project following fatal accident
Atlantic Lithium has suspended operations at its Ewoyaa lithium project in the Central Region following a fatal accident earlier this week.The Australian company has...
Beige Bank bought forex from unlicensed company – Witness
A witness in the trial of Michael Nyinaku, the Founder of the erstwhile Beige Bank Limited, has testified  that the bank bought foreign currency...
We don’t have to repay UK for axed deal – Rwanda
Rwanda has said it is not required to refund the UK after a multi-million-pound migrant deal between the two countries was scrapped.New UK Prime...
Wood shortage looms as 75 out of 100 local timber manufacturing companies collapse
Ghana is at risk of spending millions of cedis on timber imports as 75 out of 100 local timber manufacturing companies have collapsed due...
Collapse of GN Bank and others amounted to policy failure – Alan Kyerematen
The leader of the Movement for Change, Alan Kwadwo Kyerematen, says the decision to close down Groupe Nduom Bank and other financial institutions was...
SIAT Group consolidates edible oil subsidiaries under Presco PLC in new expansion strategy
Leading agro-industrial group, SIAT Group (Societe d’Investissement pour l’Agriculture Tropicale NV), has announced the consolidation of its edible oil businesses in Nigeria and Ghana...
L.I on cement pricing will not hurt manufacturers – Government
The Government has challenged claims that the new Legislative Instrument (LI) on cement pricing is anti-business and will hurt manufacturing firms in Ghana.The Government...
BoG to auction $120m to BDCs in quarter 3, 2024
The Bank of Ghana would auction $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2024.This will be same as...
Forward sales strategy of cocoa beans aimed at reducing price risks – COCOBOD
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) Joseph Boahen Aidoo has explained that, the forward sales strategy of cocoa beans is...
Newmont warns public against fraudulent recruitment schemes
Newmont Corporation's Africa Business Unit has warned the public about fraudulent recruitment schemes targeting job seekers with non-existent employment opportunities within its operations in...
Biden opens NATO summit by announcing new air defenses for Ukraine
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President Joe Biden on Tuesday announced plans to supply new air defenses to Ukraine in a speech opening the NATO summit – providing much-needed support...
Mahama Ayariga notifies Police on second demo against BoG Governor
Bawku Central Member of Parliament(MP) Mahama Ayariga has notified the Police of the planned second demonstration against the Bank of Ghana(BoG) Governor, Dr Ernest...
Fish from Ghana to face EU ban due to illegal fishing methods
A Senior Lecturer at the Department of Marine and Fisheries Science at the University of Ghana, Dr. Angela Lamptey has cautioned that Ghana could...
Bond market: Total turnover increased sharply by 600% to GH¢527.72m
The Ghanaian secondary bond market rebounded largely last week on the back of sell-buy-back trades.As a result, the total volume traded across the market...
Introducing new taxes in Mid-year Budget Review will kill private businesses -Prof. Quartey warns
Economist, and Director of the Institute of Statistical Social and Economic Research (ISSER), Prof. Peter Quartey has cautioned that introducing new taxes in the...
Cedi continues stability against dollar; One dollar goes for GH¢15.95
The Ghana cedi is expected to remain stable against the US dollar this week as foreign exchange (FX) liquidity improves and demand slows.This follows...
Ghana triumphs in international arbitration as tribunal rejects $7bn Eni & Vitol claims
The International Arbitration Tribunal has issued its final award in the Eni & Vitol versus Ghana and Ghana National Petroleum Corporation (GNPC) case, delivering...
Sachet and packaged water producers demand suspension of 5% Excise tax
The National Association of Sachet and Packaged Water producer (NASPAWAP) is calling on the government to suspend, indefinitely, the imposition of 5% Excise tax...
Sale of 60% of SSNIT stake in hotels unjustifiable – Abraham Koomson
The General Secretary of the Ghana Federation of Labour, Abraham Koomson, says that no justification is reason enough to warrant the sale of the...
Pension contributions hit ₵6.8bn in 2023
Total contributions to the Social Security and National Insurance Trust (SSNIT) Pension Scheme has reached ₵6.8 billion.This was captured in SSNIT‘s operations report for...
Sale of SSNIT Hotels: Your son’s bid was never opened – Osafo Marfo to Freddy Blay
The Director General of the Social Security and National Insurance Trust (SSNIT), Kofi Bosompem Osafo-Maafo has denied claims by the former National Chairman of...
Sale of 60% shares only viable option to revive Hotels – SSNIT
The Social Security and National Investment Trust (SSNIT) has announced that selling 60% of its shares in four hotels to a private investor was...
Ghana Plastic Manufacturers’ Association suspends planned demo
The Ghana Plastic Manufacturers Association has suspended its planned demo which was scheduled for Wednesday, July 10.The march was to protest the imposition of...
Packaged water producers urge govt to suspend 5% excise tax
The National Association of Sachet and Packaged Water Producers (NASPAWAP) has joined forces with plastic manufacturers in urging the government to indefinitely suspend the...
Bawumia proposes mobile money as common payment system in Africa
The Vice President and flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has proposed the adoption of mobile money as a common...
Cement prices L.I a knee-jerk approach – Ohene NtowÂ
Former General Secretary of the New Patriotic Party (NPP), Nana Ohene Ntow, has criticised the Legislative Instrument (L.I) seeking to regulate cement prices.The Special...
Boankra Inland Port Project: First phase 40% complete
About 40 per cent of work has so far been executed on the first phase of the $308 million Boankra Integrated Logistics Terminal (BILT),...
Ghana ranked 5th in Africa with highest lithium deposits
Lithium development projects are expected to grow in Africa, as Ghana was ranked 5th on the continent with the highest lithium deposits.According to Fitch Solutions,...
No need for single currency in Africa, MoMo interoperability the best option – Bawumia
Vice President, Dr Mahamudu Bawumia is advocating for a policy shift away from the pursuit of a single currency for African countries.According to him,...
GSA Pricing Cement Regulation 2024 will not be withdrawn – Majority Leader
The Majority Leader of Parliament, Alexander Afenyo-Markin has said the ‘Ghana Standards Authority Pricing of Cement Regulation 2024’ will not be withdrawn.On Tuesday, Mr...
COCOBOD cautions cocoa farmers to refrain from using inappropriate weedicides
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has warned cocoa growers against using unsuitable weedicides on their crops.Speaking at...