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We’re committed to protecting depositors’ funds – BoG Governor

The Bank of Ghana (BoG) says it will continue to closely monitor and regulate financial institutions in the country to ensure the stability and...

Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits $1.06bn

Declares 0.24 cents Final Dividend Total Assets Rise by 90.2% to $21.7 billion Shareholders’ Funds Hits $2.1bn, achieving an impressive growth of 120.2%.In...

Revise tax systems to save businesses – FABAG tells gov’t 

The Foods and Beverages Association of Ghana (FABAG) has called on the government as a matter of urgency to revise the tax systems in...

Absa Bank launches money matters initiative to bolster financial literacy among the youth

In a move to address critical gaps in financial literacy among Ghana’s youth, Absa Bank Ghana has unveiled its Money Matters Initiative.Launched at a...

Ghana, EU to deepen trade ties

The EU is ready to invest more in the EU-Ghana partnership, despite the prevailing difficulties confronting both sides.The Head of the European Union (EU)...

Exit of multinational companies: Banking expert sends SoS to gov’t 

A banking consultant and finance expert, Dr Richmond Atuahene has said the exit of multinational companies from Ghana should be a wake-up call for...

Locked-up funds: Investors to picket Finance Ministry again over unreleased funds until November

The Locked-up Investment Holders Forum has announced plans to stage a series of pickets at the Ministry of Finance.This decision comes after unsuccessful attempts...

Cedi depreciation has been lower under NPP govt – Bawumia

Flagbearer of the New Patriotic Party, (NPP), Dr Mahamudu Bawumia says the current value of the cedi against the dollar is an improvement compared...

Legal systems must work efficiently to improve financial development – First Female Economics Professor 

An Economics lecturer at the Kwame Nkrumah University of Science and Technology, Prof. Grace Asante Nkansa, is requesting that the government and the judiciary...

GRA destroys millions of tobacco products in Tamale

The Customs Division of the Ghana Revenue Authority (GRA) has destroyed millions of tobacco products seized from Pulmakom and Tamale in the Upper East...

Here is the list of the top gold producers of 2023

A report by the United States Geological Survey has revealed that over 3,000 tonnes of gold were produced globally in 2023.China, Australia, and Russia...

GRA terminates 2 SML contracts

The Ghana Revenue Authority (GRA) has terminated two of its contracts with Strategic Mobilisation Ghana Limited (SML).These are the transaction Audit and External Verification...

More businesses are working to move out of Ghana – Food and Beverages Association

More businesses are working on moving out of Ghana and also cut down on their workforce as part of measures to deal with the...

Fuel price adjustment: Petrol surges to GH₵15.22, diesel falls to GH₵14.65

Some of the Oil Marketing Companies (OMCs) have started increasing prices of some petroleum products at the pumps from this morning.Market Leader GOIL is...

Asantehene worried over brain drain in African contemporary arts

The Asantehene, Otumfuo Osei Tutu II is worried Ghana and by extension the African continent are losing out on the prospects and economic gains...

CEO of Equity Health Insurance honoured at ‘Entrepreneurship with Bola Ray’

Chief Executive Officer of Equity Health Insurance, Elton Fedrick Afari has been honoured together with other mentors at the prestigious ‘Entrepreneurship with Bola Ray’...

Analysts predict cedi stability by mid-year

Market analysts at GCB Capital are expressing optimism about the cedi's trajectory for the remainder of the year, foreseeing a stabilization by mid-2024.The Ghanaian...

Taxation driving away investors – FABAG General Secretary

The General Secretary of the Ghana Food and Beverages Association of Ghana (FABAG), Samuel Aggrey, has raised alarm over the increasingly dire economic situation...

Dr Bawumia outlines plans for a robust fisheries industry

Vice President Mahamudu Bawumia has outlined his vision for the fisheries industry, promising to support the efficient implementation of a robust fisheries plan that...

GIPC reaffirms commitment to attract foreign investment

CEO of the Ghana Investment Promotion Center (GIPC), Yoofi Grant, has reiterated the government's commitment to creating a conducive investment environment to boost economic activities and...

GNPC welcomes new Boss

The new Ghana National Petroleum Corporation (GNPC) CEO, Joseph Abuabu Dadzie starts work today after his appointment by President Akufo-Addo on April 4.He takes...

Cedi hits GH¢14.18 to a dollar; year-to-date loss reaches 13.45%

The depreciation of the cedi to the dollar continued unabated as the local currency hit GH¢14.18 to the American greenback on the retail market.This...

We must guard against employers who want to short change us – ICU tells members

The Industrial and Commercial Workers Union (ICU), has advised its members to always demand wages due to them and resist any attempts by employers...

EIU forecasts oil prices to remain above $80

The Economist Intelligence Unit is forecasting that oil prices will remain above $80 per barrel until late 2025.This, it said, will lift inflationary pressures...

Youth admonished to explore opportunities in Aviation, Tourism and Hospitality

Spotless Aviation and Professional Institute, in collaboration with the Ghana Tourism Authority (GTA) has held a conference on aviation, tourism, and hospitality in the...

Premix fuel distribution automation: 50 completed, 150 ready in September – Hawa Koomson

The Ministry of Fisheries and Aqua Culture Development has implemented measures to automate its distribution process.This is to address the persistent issues of artificial...

Trade Minister promotes Ghana’s industrialisation agenda to US investors

The Minister of Trade and Industry, Kobina Tahir (KT) Hammond, has urged United States (US) investors to explore mutually beneficial trade ventures with Ghanaian counterparts through the government’s...

Transforming African narratives: Nana Kwasi Koranteng Obeng’s impact

Nana Kwasi Koranteng Obeng, a seasoned media professional with a background in business and marketing from the University of Florida, is set to revolutionize...

NPA increases price floor for petrol to GH¢13.63; diesel unchanged at GH¢13.07

The National Petroleum Authority (NPA) has set a new price floor for Oil Marketing Companies (OMCs) selling petroleum products from May 1, to May...

Ghana’s LPG price one of the highest in the world – Association 

The Vice President of the  Liquified Petroleum Gas (LPG) Marketers Association of Ghana, Gabriel Kumi, has revealed that Ghana's LPG prices rank among the highest globally. According...

Glovo to cease operations in Ghana on May 10

Popular food delivery service, Glovo, has announced its decision to cease operations in Ghana, effective May 10, 2024, at 10 pm.In a communication...

Price of LPG per kilogramme constitutes 22% of taxes – LPG Marketers Association

About 22% of the price Ghanaians pay per kilogramme for Liquified Petroleum Gas (LPG) is taxes, the LPG Marketers Association has revealed.According to its...

SML sets records straight on GRA contract [Listen]

Strategic Mobilisation Ghana Limited (SML), a privately-owned Ghanaian company, has set the record straight on its contract with the Ghana Revenue Authority (GRA).In...

Philips pays $1.1bn to settle respirator case

Dutch medical products maker Philips says it has reached a $1.1bn (£877m) deal to settle lawsuits in the US relating to potentially faulty breathing...

Don’t panic, your contributions are safe – SSNIT assures beneficiaries

The Social Security and National Insurance Trust (SSNIT) has refuted claims suggesting potential challenges in meeting its financial obligations to beneficiaries in the future,...

Ghana retains 10th position with lowest fuel price in Africa

Ghana retained its 10th position with the lowest fuel price in Africa in April 2024, GlobalPetrolPrices.com has revealed.Accordingly, Ghana’s average fuel price of $1.051 per...

Ejisu drivers threaten strike over high fuel costs

"We have sent letters to transport operator leaders and local government representatives but are yet to receive a satisfactory resolution. Despite our attempts to engage with relevant authorities, including the Ministry of Transport, we have been met with silence and threats of legal repercussions if we adjust our fares independently," he said. 

KPMG’s report on GRA and SML deal, government white paper on report and matters arising

BackgroundThe Ghana Revenue Authority (GRA), we understand, contracted SML to monitor petroleum liftings and assure that volumes lifted declared for tax purposes by Oil...

IMF advises Sub-Saharan African countries to invest borrowed funds wisely

Wenjie Chen, the Deputy Division Chief of Regional Studies in the African Department at the International Monetary Fund (IMF), has advised Sub-Saharan African (SSA)...

SSNIT responds to claims of depleting reserves

In the wake of recent concerns regarding the depletion of its reserves, the Social Security and National Insurance Trust (SSNIT) has stepped forward to...