GoRide: Local ride hailing app comes aboard
A new ride-hailing platform developed locally with a traditional touch to help commuters find commercial taxis has been launched in Accra.The app, GoRide, gives...
NPP has failed Ghana economically – Dr. Spio-Garbrah
Former Minister and Chairman of the National Democratic Congress (NDC) Business Development Committee, Dr. Ekow Spio-Garbrah, has criticized the New Patriotic Party (NPP) for...
Ghana’s IMF reliance stems from lack of fiscal discipline – Dr. Spio-Garbrah
Former Minister and Chairman of the National Democratic Congress (NDC) Business Development Committee, Dr. Ekow Spio-Garbrah, has attributed Ghana's repeated reliance on International Monetary...
ISSER recommends phased approach to scrapping E-levy and COVID-19 levy to avoid disruption of IMF program
The Institute of Statistical, Social, and Economic Research (ISSER) has advised against the immediate removal of Ghana’s E-levy and COVID-19 levy, stressing that a...
ISSER projects Ghana’s 2024 growth rate to hit 4.5 percent
The Institute of Statistical Social and Economic Research (ISSER) has projected Ghana’s economic growth rate to reach 4.5 percent by the end of 2024,...
Sunon Asogli: IPPs yet to reach an agreement with govt
An independent power producer, Sunon Asogli Power (Ghana) Limited, has denied government accusations of bad faith.This follows comments from Finance Minister Dr. Mohammed Amin...
Bond market: Trade volumes rise to GH¢663m
Activities in the secondary bond market increased from GH¢500 million last week to approximately GH¢663 million.Most transactions were concentrated on the August 2027 and...
Gov’t eyes fuel imports from Dangote oil refinery
Government could buy petroleum products from Nigeria's Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe,...
Finance Minister announces agreement reached with Sunon Asogli
Ghana’s power supply is anticipated to stabilise following a recently renegotiated agreement between the government and Independent Power Producer, Sunon Asogli.The new deal, announced...
Cedi to remain under pressure for most part of this week; one dollar going for GH¢16.55
The Ghana cedi is expected to remain under pressure for the most part of this week as the strong demand for foreign exchange continues...
Apple Intelligence: Apple finally rolls out new AI features for iPhone users, excluding older models
After a long wait, Apple has finally released its artificial intelligence (AI) tools for iPhone - to a select few.
Apple Intelligence, a suite of...
Letshego Ghana Savings and Loans achieves ISO 27001 certification
Letshego Ghana Savings and Loans PLC, a subsidiary of Letshego Africa (Letshego Group), is proud to announce its successful attainment of the prestigious ISO...
T-bills auction: Gov’t records oversubscription but at expense of rising interest rates
The government oversubscribed about 11% of its treasury bill sales for the third consecutive week.However, it came at the expense of rising interest rates.According...
Phase 2 of DDEP had relatively low impact on 2023 audited financial performance – BoG
Phase 2 of the Domestic Debt Exchange Programme (DDEP) had a relatively low impact on the 2023 audited financial performance of banks, then Bank...
Japan’s ruling party loses its majority in blow to new PM
The coalition led by Japan’s ruling Liberal Democratic Party (LDP) has lost its majority in parliament, its worst result in over a decade.
The LDP...
Sunon Asogli acted in bad faith by shutting down – Amin Adam
Minister of Finance, Dr. Mohammed Amin Adam, says Sunon Asogli Power Limited acted in bad faith by shutting down its operations.Addressing the press at...
Ghana secures $260M World Bank agreement to address energy sector inefficiencies
Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in...
IMF Board to review Ghana’s Programme for $360m disbursement on Dec. 2
Finance Minister Dr. Mohammed Amin Adam has disclosed that the IMF Board is scheduled to meet on December 2, 2024, to discuss Ghana’s Third...
Ghana signs $260m Energy Sector Recovery facility with World Bank
Ghana has signed a $260 million Energy Sector Recovery Programme facility with the World Bank to boost the sector’s recovery and financial stability.The agreement,...
BoG amplifies Africa’s fiscal policy support from IMF, World Bank
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has called for increased support for reforms by the International Monetary Fund (IMF) and...
ADB strengthens CSR commitment as it makes significant gains
The Agricultural Development Bank PLC (ADB) has doubled its commitment to Corporate Social Responsibility (CSR), recording significant gains in its unaudited statement of financial...
Ghana to record end-year inflation of 15.0% in 2024 – IMF
Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.In its World Economic Outlook, it...
2024 elections will not cause panic withdrawals – GAB allays fears
The Ghana Association of Banks (GAB) says the upcoming elections will not have any impact on deposits in the financial sector.The GAB has ruled...
Cola nut price surge threatens business in Tamale
Cola nut business is facing a critical challenge as dwindling supplies and skyrocketing prices are threatening both traders and consumers in Tamale, the Northern...
GRA intensifies tax mobilization mechanism to achieve revenue targets
The newly-appointed Commissioner of the Customs Division at the Ghana Revenue Authority (GRA), Brigadier General Zimbrim Bawah Ayarroga, has issued a stern warning that...
IMF revises Ghana’s growth target to 4 percent for 2024
The International Monetary Fund (IMF) has revised Ghana’s growth rate for 2024 to 4 percent from 3 percent.The Director of the African Department, Abebe...
Bank staff lifestyle audits vital to fraud prevention – John Awuah
The CEO of the Ghana Association of Bankers, John Awuah, has opened up about the importance of lifestyle audits as a key preventive measure...
IMF warns world to avoid global trade war
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...
14 CSOs sue ECG and Fidelity Bank for procurement abuses
A coalition of 14 Civil Society Organizations (CSOs) has initiated legal action against the Electricity Company of Ghana (ECG) and Fidelity Bank Ghana Limited,...
DDEP saved Ghana about $12bn – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, revealed that the successful execution of the Domestic Debt Exchange Programme (DDEP) has saved Ghana an impressive...
Women must be encouraged to use bank accounts, not just open them – 2nd Dep. Governor of BoG
The Second Deputy Governor of the Bank of Ghana (BoG) Elsie Addo Awadzi has underscored the need to intensify Gender Inclusive Finance to encourage...
350K jobs created from coconut industry since 2017
The government has created more than 350,000 jobs through the coconut value chain in the last seven and half years.The employment was generated through...
Decline in oil production threatens survival of oil companies in Ghana – PIAC warns
The Public Interest and Accountability Committee (PIAC) has highlighted that the most immediate consequence of declining oil production is a reduction in revenue from...
Ahead of new academic year: Traders switch to educational materials
Most traders in the central business district (CBD) of Accra have switched over to the sale of educational materials about a week to the...
Ghana lost over GH₵4.9bn to financial irregularities in 2023 – IMANI Africa
Ghana recorded financial losses exceeding GH₵ 4.9 billion in 2023 due to irregularities within public institutions, according to a report released by policy think...
Nigeria: Charges against Binance cryptocurrency boss dropped
Nigeria’s anti-corruption agency has dropped a money-laundering case against a top cryptocurrency executive to allow him to get medical treatment abroad.Tigran Gambaryan, a US...
MIIF chair urges immediate overhaul of boardroom compensation
At the recent Boardroom Summit, where over 1,000 of the nation’s top CEOs, policymakers, and executives gathered, Professor Douglas Boateng, Chair of the Minerals...
Springfield starts Afina Well appraisal
Springfield Exploration and Production Limited has started appraising Afina-1x Well at the West Cape Three Points (WCTP) Block 2 offshore, barely three months after...
Next of Kin of a deceased bank account holder is not automatic beneficiary – BoG
Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not...
Cedi resumes depresciation as demand for dollar surges; one dollar equals GH¢16.40
The Ghana cedi lost a marginal value to the US dollar increasing its year-to-date loss to about 26%.This was due to the heightening of corporate demand...