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...
No need to rush for forex – Finance Minister cautions
Minister for Finance, Dr. Mohammed Amin Adam has cautioned against the recent panic-driven rush for foreign exchange in the country that has seen the...
Economic outlook bright in the medium term – Finance Minister Amin Adam
Minister of Finance, Dr. Mohammed Amin Adam, has expressed optimism about the country's economic future, describing the outlook as "bright."Dr. Adam has consequently called on...
Ministry of Finance, BoG working to address cedi depreciation – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has assured that the Ministry of Finance is working with the Bank of Ghana to implement measures to...
Gov’t meets zero Central Bank borrowing and non-concessional borrowing limit
Finance Minister, Dr. Mohammed Amin Adam has pointed out the government met some key fiscal targets under the International Monetary Fund-supported programme.They include zero...
Cedi has cumulatively depreciated by 14.2% in 2024 – Amin Adam
The Minister of Finance, Dr. Mohammed Amin Adam, announced that the depreciation of the Cedi has been significantly stabilized from November 2022 to December...
Ghana’s cocoa industry: Why the appetite for smuggling?
Despite the farmgate price of cocoa increasing by over 100% this year, Ghanaian farmers continue to face significant financial challenges due to high inflation...
Bilateral creditors forward MoU on debt restructuring to government
Ghana’s bilateral creditors have forwarded a final Memorandum of Understanding (MOU) on the country’s debt restructuring to the government.This is what JOYBUSINESS has picked...
Declining oil production and other takeaways from the 2023 PIAC report
The Public Interest and Accountability Committee (PIAC) has released its 2023 report on the management and use of petroleum revenues, revealing a stark 32.5%...
MTN Ghana to phase out scratch cards by June 2024
MTN Ghana has announced that it will be phasing out its scratch cards, which were last introduced in 2020, effective June 30, 2024.This decision...
Cedi depreciation: GUTA president sends important message to BoG
President of the Ghana Union of Traders Association (GUTA), has called on the Bank of Ghana (BoG) to relax the stringent documentation requirements businesses...
KT Hammond slams Minority’s ‘horror’ opposition to Import Restrictions Bill
The Minister of Trade and Industry, KT Hammond, has criticized the Minority caucus in Parliament for obstructing the Export and Import (Restrictions on Importation...
Kejetia market cloth sellers’ protest leads to release of seized goods
Authorities in Ashanti region have released goods seized from cloth sellers at Kejetia Market in Kumasi after a vehement protest by the traders.The seizure...
Election 2024: National Election Response Group launched to control violent threats
The West African Network for Peacebuilding (WANEP) and the National Peace Council (NPC) have launched a National Election Response Group (NERG) to monitor and...
Foodstuff prices escalate at Mallam, Kaneshie, and Odawna markets
Traders and consumers at the Kaneshie, Odawna and Mallam Atta markets in the Accra Metropolitan Districts have decried the increase in prices of food...
MTN Ghana to stop selling scratch cards by June 2024
MTN Ghana has announced that it will be phasing out its scratch cards, which were last introduced in 2020, effective June 30, 2024.This decision...
Daily consumers of marijuana outnumber daily drinkers in US – Report
The number of Americans who smoke cannabis on a daily or near-daily basis now exceeds those who drink alcohol as often, a study has...
KPMG hints at financial obligation risks if Ghana terminates GRA-SML contract – KPMG report
More interesting findings have surfaced since the audit report on the controversial agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd...
GRA’s 6 contracts with SML was without PPA’s approval – KPMG Report
It has emerged that, the Ghana Revenue Authority (GRA) did not seek approval from the Public Procurement Authority (PPA) and Parliament in six of...
Terminate GRA/SML deal – Manasseh Azure
Investigative journalist, Manasseh Azure Awuni has called for a complete dissolution of the contentious revenue mobilisation deal between the Ghana Revenue Authority (GRA) and...
Ministry of Foreign Affairs commences 3rd Made-in-Ghana Bazaar
The third edition of the Made-In-Ghana Bazaar organised by the Ministry of Foreign Affairs and Regional Integration has taken off today, May 23, 2024.After...
SML owes GRA GH¢31.88m tax – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday has revealed that Strategic Mobilisation Ghana Limited (SML) owes the Ghana Revenue Authority (GRA)...
Ghana retains 10th position with lowest fuel price in Africa
Despite the cedi's depreciation to the US dollar, Ghana retained its 10th position with the lowest fuel price in Africa in May 2024, GlobalPetrolPrices.com has revealed.Accordingly,...
Oil marketing companies to hold crunch meeting with tanker drivers today
The Association of Oil Marketing Companies (AOMC) says it will hold a crunch meeting with the Ghana National Petroleum Tanker Drivers Union (GNPTDU) today...
I pledge to boost GRA’s revenue, maintain business-friendly approach – Joe Ghartey
The newly appointed Board Chair of the Ghana Revenue Authority (GRA), Joe Ghartey, has committed to diligently working towards achieving the government’s revenue targets...
SML changed name from SMEL after PPA refused single-source approval – KPMG Report
KPMG's audit report on the Ghana Revenue Authority (GRA) contract with Strategic Mobilisation Ghana Limited (SML) has revealed the latter changed its name from...
Some key findings in KPMG audit report on GRA-SML deal
President Akufo-Addo has released the full report on the KPMG audit on the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited...
Ghana faces oil depletion in 15 years if production decline persists
The Co-chair of the Ghana Extractive Industry Transparency Initiative has revealed that Ghana’s oil fields are peaking, leading to a decline in crude oil...
Chief Justice urges ‘kayayei club’ members to leverage existing educational opportunities
Chief Justice Gertrude Torkornoo has urged head porters, popularly known as kayayei, to leverage existing educational opportunities to improve themselves.She advised the young girls...
We’ve been sounding alarm on Ghana’s crude oil production decline since 2018 – PIAC
Technical Manager of the Public Interest and Accountability Committee (PIAC), Mark Agyemang, has revealed that they have been warning of a decline in crude...
Kenyan President Ruto makes historic US state visit: First African leader in 15 Years
Kenyan President William Ruto will become the first African leader in more than 15 years to make an official state visit to the US.
This...
Full report of KPMG audit on GRA-SML contract
President Akufo-Addo has released the full report on the KPMG audit on the controversial contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation...
Akufo-Addo appoints Joe Ghartey as GRA Board Chair
Former Railways Minister, Joe Ghartey has been appointed by President Akufo-Addo to the Chairman of the re-constituted Board of the Ghana Revenue Authority (GRA).Other...
Tanker drivers’ strike must be resolved immediately to avert fuel shortage – AOMC
The Association of Oil Marketing Companies (AOMC) has expressed deep concern regarding the strike action by the Ghana National Petroleum Tanker Drivers Union (GNPTDU)...
Govt’s excessive borrowing driving banks into fiscal struggles – Dr. Atuahene
A banking consultant, Dr. Richmond Atuahene, has raised alarm regarding the government's extensive borrowing practices.He said these actions are not only eroding the financial...
Ghana’s crude oil production in decline
Ghana's crude oil production saw a decrease of 6.78% in 2023, contributing to an average annual decline of 9.2% over the past four years,...
Tanker drivers strike: COPEC warns of possible fuel shortage
The Chamber of Petroleum Consumers (COPEC) has warned of a potential fuel scarcity should the ongoing concerns of the striking Ghana National Petroleum Tanker...
Joint taskforce seizes 3 trucks of smuggled vegetable oil in Accra
A joint task force, led by the Tree Crop Development Authority (TCDA), has intercepted three Man Diesel cargo trucks containing smuggled cooking oil at...
Cedi fall: Abossey Okai spare parts dealers to increase prices
The Abossey Okai Spare Parts Dealers Association has announced a potential price increase starting next week due to the depreciation of the cedi.Customers should...
Public officials shouldn’t go anywhere near state assets being sold – Ablakwa
North Tongu MP Samuel Okudzeto Ablakwa has accused Agriculture Minister Bryan Acheampong of violating the constitution and abusing his power as a state official.He...