Bank of Ghana explains inflation dynamics [Video]
The Bank of Ghana has initiated a program to explain the dynamics of inflation.Additionally, the Central bank has offered insights into how it determines...
Bawumia reiterates commitment to partner with private sector
Flagbearer of the New Patriotic Party (NPP), Alhaji Dr. Mahamudu Bawumia, has reiterated his commitment to partnering with the private sector to reduce government...
BoG to demand list of all interested parties in any sale of SG Ghana shares
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has revealed that the Central bank will demand for a list of all...
Fuel prices to go up in first half of June 2024 – IES predicts
Fuel prices are expected to increase again in the first half of June 2024, the Institute for Energy Security (IES) has predicted.This is according...
Support Ghana’s economic recovery – Amin Adam tells investors
Ghana’s Minister for Finance, Dr. Mohammed Amin Adam, has called on the investor community to support Ghana’s steady economic recovery.He stressed Ghana’s efforts to...
Free Zone companies’ illegal plastic sales cost Ghana ¢264m annually
The Ghana Plastic Manufacturers Association has accused certain Free Zones Companies of engaging in illegal activities that result in substantial revenue losses for the...
Ghana’s MoMo accounts reach 68.2m
Registered mobile money accounts in Ghana surged to 68.2 million in April this year, marking a significant increase compared to 57.6 million in the...
Demand pressures on cedi ease; one dollar equals GH¢14.90
The Ghana cedi posted a mixed performance last week as demand pressures on the US dollar eased for most of the week.However, this week,...
You will regret your actions soon; BoG Governor to currency speculators
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has cautioned person’s speculating and betting on the cedi’s current challenges to desist...
Cedi depreciation: Black market dealer reveals deep secret
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
Nick Danso Adjei honoured as Maritime and Trade CEO of the year at 8th Ghana CEO Summit
Dr Nick Danso Adjei, the Executive Chairman of Trade Facilitation Company, Ghana Link Network Services Ltd, has been named the Best Maritime and Trade...
GN Bank never took a bailout from BoG – Group Nduom VP clarifies
Vice President of Group Nduom, Nana Ofori Owusu, has clarified the situation of GN Savings and Loans compared to other local banks whose licenses...
Fiscal discipline critical for economic confidence – BoG
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.This statement comes at a time of...
Ghana’s oil decline alarms ACEP boss who calls for urgent investment incentives
Executive Director of the Africa Center for Energy Policy (ACEP), Ben Boakye, has expressed concern over Ghana’s falling oil production.The 2023 Public Interest and...
Election 2024: Mahama pledges to scrap E-Levy
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has reaffirmed his commitment to abolish the E-levy if elected President in the...
GNPC CEO confirms decline in crude oil production but…
The CEO of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has responded to concerns about Ghana's declining crude oil production, as highlighted...
BoG sets up task force to monitor illegal operators in forex market
The Bank of Ghana (BoG) has established a task force to oversee all foreign exchange bureaus.This was announced by Dr. Ernest Addison, the Governor...
Don’t leave our country – Mahama ‘begs’ multinational companies
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has urged multinational companies to reconsider exiting the Ghanaian market.The economic environment in...
GUTA Vice President calls for action against companies and individuals charging in dollars
The Vice President of the Ghana Union of Traders Association (GUTA), Clement Boateng, has urged the government and relevant agencies to take decisive action...
A dollar would have been GH₵50 if… – Carlos Ahenkorah [Audio]
Member of Parliament for Tema West, Carlos Ahenkorah has said the New Patriotic Party (NPP) has made significant strides in stablising the cedi.According to...
Monetary Policy Committee of BoG keeps policy rate at 29 percent
The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the policy rate at 29 percent.Addressing the media, Governor of the BoG,...
Traders threaten protest over high exchange rate
The Ghana Federation of Traders has urged the government to reduce the exchange rate from GH¢15 to GH¢10, warning of potential protests if no...
Ghana’s economy hits GHȼ1 trillion mark: A mixed bag of success and struggle
In a significant stride forward, Ghana's economy has achieved a significant milestone by crossing the GHȼ1 trillion Gross Domestic Product (GDP) threshold, a projection...
South Korea invests $28m in Ghana’s rice production
The intervention, which covers 25 various projects including agriculture, forms part of the Republic of Korea's aim to strengthen the economic and bilateral relations...
Redirect SDRs to Development Banks – AfDB urges IMF as calls grow for global reform
The African Development Bank Group is making a strong case for the rechanneling of Special Drawing Rights (SDRs) to development banks especially those in...
Don’t focus on tax waiver amounts, focus on economic development – Afenyo-Markins
The Majority Leader in Parliament, Alexander Afenyo-Markins, has stated that the complaints over the amount of tax waivers granted to some companies are misplaced.In...
ECG fully complies with Cash Waterfall Mechanism for the first time
The Public Utilities Regulatory Commission (PURC) has announced in its latest validation report that the Electricity Company of Ghana (ECG) has fully adhered to...
NIB must just be killed; successive governments have looted it – Franklin Cudjoe
President of IMANI Africa, Franklin Cudjoe has criticised successive governments for allegedly misappropriating funds from the National Investment Bank (NIB), stating that it has...
Gov’t institutes monthly stakeholder dialogue to ease doing business in Ghana
The government has instituted a new monthly stakeholder dialogue with both local and foreign businesses to fast-track the processes of doing business in Ghana.The...
Ndoum calls on govt to pay over GH¢7bn owed his companies
The Chairman of Groupe Ndoum and the former owner of Gold Coast Fund Management Company, Dr Papa Kwesi Ndoum, has said government still owes...
Restructuring Ghana’s $5.4bn debt: Key timelines for the tortuous journey
GHANA’S prolonged debt restructuring process has moved closer to completion as the country received a draft memorandum of understanding (MoU) from its bilateral creditors, including France...
Energy Ministry dismisses claim about Napo’s alleged involvement in Tullow Oil deal
The Energy Ministry has refuted assertions made by social media commentator, Kevin Taylor about a contract involving Tullow, Kosmos, GNPC, and Petro SA.Mr. Taylor...
Cedi depreciates 14.6% to dollar as of May 2024 – BoG
The Ghana cedi has depreciated by about 14.6% to the US dollar as of May 2024, the Bank of Ghana has revealed.This is lower...
Govt receives $5.4bn debt restructuring plan
The government has received a draft memorandum of understanding from the Official Bilateral Creditor Committee co-chaired by France and China, representing the final step...
Ghana’s public debt increases by GH¢46.4bn to GH¢658.6 in two months of 2024
Ghana’s public debt increased by GH¢46.4 billion in the first two months of 2024 to hit GH¢658.6 billion ($53.1 billion), data from the Bank...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
Research shows African brands have retained a 14% share of the top 100 most admired brands in Africa for the second consecutive year.The report,...
Tullow Oil and Forestry Commission partner in $90 million emissions reduction agreement
Tullow Oil plc has announced a financial investment of approximately US$90 million over a period of 10 years in an Emissions Reduction Purchase Agreement...
1D1F: I only know of Ekumfi juice – GUTA President says as he proposes fair [Audio]
The Ghana Union of Traders Association (GUTA) is urging government should consider doing a fair to showcase the factories under the One District One...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
African brands retain 14% share of Top 100 most admired brands in Africa.
South Africa’s MTN retain position as the #1 most admired...
Govt approves GH¢2.3bn to restructure and recapitalise NIB
Cabinet has approved GH¢2.3 billion for the restructuring and recapitalisation of the National Investment Bank (NIB).The amount is the first tranche of GH¢400 million...