TUC presses for increased power on SSNIT board to oppose Bryan Acheampong, other deals
The Trades Union Congress (TUC) has advocated for a majority of representation on the Social Security and National Insurance Trust (SSNIT) Board to exert...
Crude oil production dropped from 71.44m to 48.25m barrels in 2023 – PIAC Report
A report by the Public Interest and Accountability Committee (PIAC) has said that crude oil production in Ghana declined for the fourth consecutive year...
Interest on business loans hitting 50%, with no bank offering rates below 30%
The cost of credit to companies in Ghana remains elevated, with all banks in the country unable to offer corporate loans at rates below...
Improve energy sector governance to address power challenges – IMF to Ghana
The International Monetary Fund (IMF) has urged Ghana’s government to improve the country’s energy sector governance architecture to address the challenges that have contributed...
Mobile money accounts with commercial banks hit GH¢18.69bn in March 2024
The 2024 Fintech Sector Report released by the Bank of Ghana has shown that the total value of mobile money accounts with commercial banks...
Prepare to pay more for petroleum products at pumps – COPEC
The Chamber of Petroleum Consumers (COPEC) has warned the public to prepare to pay more for fuel at the pumps in the coming weeks...
Cedi depreciation pressures slowdown on improved foreign exchange liquidity
The depreciation pressures on the cedi have slowed down as a result of improved foreign exchange (FX)liquidity, particularly the US dollar.This follows significant intervention...
Bond market: Total market turnover rebounds to GH¢762.41m
Trading activity on the secondary bond market activity more than doubled in last week’s sessions.The total volume of transactions increased by 2.48 week-on-week to...
BoG grants Zeepay approval for outbound money transfer
Fintech business Zeepay, has secured regulatory approval from the Bank of Ghana for its outbound money transfer service.This service enables cross-border payments from Ghana...
NPA increases price floor for diesel to GH₵13.15; petrol reduced to GH₵13.60
The National Petroleum Authority (NPA) has announced new price floor for oil marketing companies and other players selling petroleum products from May 15 to...
Government defends proposed tax on big tech revenues
The Ghanaian government has justified its proposed tax on revenues generated by large technology firms such as Google, YouTube, and Facebook within the country.This...
IEA outlines measures to stabilise Ghana’s “bleeding” cedi
The Institute of Economic Affairs (IEA) has proposed several strategies to stabilize the depreciation of the Cedi.They stressed the need for immediate and concurrent...
Directive to halt cement prices in bad taste; will be difficult to implement – Gov’t told
The Executive Secretary of the Ghana Real Estate Development Association (GREDA), has downplayed the feasibility of the government’s directive for the reversal of cement...
Cement prices: Just don’t sit and issue directives – GREDA Executive Secretary to gov’t
The Executive Secretary of the Ghana Real Estate Development Association (GREDA), Sammy Amegayibor urged the government to be proactive in handling the recent cement...
Minority demands forensic audit of World Bank, GARID operations
The Member of Parliament for Ho West, Emmanuel Kwasi Bedzrah, has called for a forensic audit into the operations of the World Bank’s country...
Faulty undersea cables fixed; Telcos call for better cable infrastructure protection
Following the recent repair of undersea cables that disrupted internet connectivity in March 2024, stakeholders are urging the government to strengthen the protection of...
PETROSOL appoints former CEO of VALCO as its Board Chairman
PETROSOL has appointed Daniel Acheampong, a distinguished corporate leader and former Chief Executive Officer of Volta Aluminium Company Ltd (VALCO), as its Board Chairman.He...
1D1F: Check out full list of $335m tax waiver 42 beneficiary companies
The list of 42 companies to benefit from approximately $335,072,712.13 tax exemptions under the One District One Factory (1D1F) initiative has popped up.The Exemptions Act,...
We make less than GH₵2 profit on a bag of cement – Distributors
The Chairman of the Association of Cement Distributors, Alhaji Abdul Razak Yahaya has expressed worry over the recent price hikes in cement products.Alhaji Razak...
IMF programme blamed for the cedi’s decline
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.He...
Hackers use AI-generated video to scam British firm of $25 million
A finance worker at a multinational firm became ensnared in a deepfake fraud scheme, resulting in a loss of $25 million (equiv. 356,305,500.00 Ghanaian...
IMF programme blamed for the cedi’s decline
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.He...
Banks deny engaging in practices contributing to cedi’s depreciation
The Managing Director and Chief Executive of FirstBank Ghana, Victor Yaw Asante has rejected claims that some banks are actively engaged in practices that...
AfDB warns about high level of debt facing African countries
The African Development Bank (AfDB) is warning about the higher level of debt that African countries are carrying even before the onset of the...
Minority rejects govt’s call to halt cement price hikes
The Minority in Parliament has dismissed the government's directive to halt the increase in cement prices, calling it unrealistic and unlawful.This follows a directive...
Patronise local tourism to stabilise Cedi – Deputy Finance Minister to Ghanaians
Deputy Finance Minister Dr. Stephen Amoah has emphasised the importance of leveraging domestic tourism to stabilise the depreciating cedi.He is thus urging stakeholders in...
Central Bank completes first proof of concept as part of Project DESFT
The Bank of Ghana (BoG) has completed the first Proof Of Concept (POC) as part of Project Digital Economy Semi-Fungible Token (DESFT).It demonstrates the...
Govt will act to prevent cedi from depreciating to GH¢18 per dollar – Currency Analyst
Currency Analyst Collins Appiah has expressed confidence that the Ghanaian government will take measures to prevent the cedi from depreciating to GH¢18 against the...
Depreciating Cedi to erode projected fuel price reduction
Despite the global decline in petroleum prices, fuel consumers in Ghana are unlikely to reap the benefits of expected decreases at the pump.The rapid...
We don’t calculate customs duties in foreign currency – GRA clarifies
The Ghana Revenue Authority (GRA) has refuted claims that it computes customs duties in foreign currency, calling such allegations baseless and inaccurate.In a press...
Ghana Shippers’ Authority takes steps to reduce the cost of cargo clearance
The Ghana Shippers' Authority (GSA) has initiated processes to develop Unique Value prepositions tailored to various categories of shippers towards addressing the recurring issue...
Reverse immediately the increase in cement prices – Trade Minister to manufacturers
The Minister for Trade and Industry, Kobina Tahir Hammond, has ordered the Cement Manufacturing Development Committee (CMDC) to direct cement manufacturers in the country...
Conflicts in neighbouring countries threaten Ghana’s food security – Report
Ghana is considered an area of concern for food insecurity for the first time since the inception of the Global Report on Food Crisis...
NPA devises ways to stabilise price of gas
The National Petroleum Authority (NPA) has implemented strategies to eliminate huge jump in the price of Liquefied Petroleum Gas (LPG) due to the implementation...
Cedi depreciation shot up cement prices – COCMAG
The Chamber of Cement Manufacturers (COCMAG) has justified the recent price hikes in cement products.According to the chamber, the increase in the prices is...
Government’s revenue-mobilisation approach worsens inequality – Prof Bokpin
Economist, Professor Godfred Bokpin has urged a reconsideration of the government's revenue-raising strategies.According to him, the current approach exacerbates inequality among the general population.He...
Order your appointees to release FX stashed in their homes – Ato Forson to Akufo-Addo
Minority Leader, Dr Cassiel Ato Forson, has called on President Akufo-Addo to promptly instruct his appointees who have hoarded foreign exchange to release them.He...
My fans to earn money forever – Sarkodie on new music deal
Ghanaian rapper, Sarkodie says his new Opulous app deal where fans can own shares in his music will make them rich forever.According to him,...
Trade Minister stops cement price hikes
The Minister for Trade and Industry, K. T. Hammond, has taken a decisive action to address the recent surge in cement prices by directing...
Government seeks to transform Ghanaian SMEs into millionaire companies
The government has committed to an ambitious vision to transform Ghanaian Small and Medium-sized Enterprises (SMEs) into millionaire companies.It intends to increase financing for...