Cedi to bounce back to appreciating trajectory soon – Fitch Solutions
Fitch Solutions, an international rating agency, says the Ghanaian cedi will bounce back to an appreciating trajectory very soon.The rating agency said factors, notably...
Electricity VAT: GRA clarifies decision to tax resident Ghanaians
The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians as replacement for the value-added tax (VAT)...
Gov’t to consolidate cash waterfall revenue collection accounts
Finance Minister, Dr Mohammed Amin Adam says government has taken steps to establish a single account to streamline the collection and distribution of revenue...
GRA provides clarity on tax status of Ghanaian residents earning abroad
The Ghana Revenue Authority (GRA) has moved to dispel uncertainties surrounding the tax status of individuals earning incomes abroad, affirming the criteria for categorizing...
Debt Restructuring: Government to reach agreement with IPPs in May
The government has given an indication about reaching an agreement with Independent Power Producers (IPPs) on debt restructuring as part of measures to reduce...
Accra Initiative at risk as Mali, Burkina Faso withdraw – Akufo-Addo says
President Akufo-Addo has expressed concern about the withdrawal of Mali, Burkina Faso, and Niger from the Economic Community of West African States (ECOWAS) and...
PAC orders Wa West DCE to release MP’s common fund immediately
The Public Accounts Committee (PAC) of Parliament has instructed the District Chief Executive of Wa East District Assembly, Mr. S.K Mahama to immediately process...
NPP Youth Organizer identifies power outages as major challenge ahead of 2024 election [Video]
The National Youth Organizer of the NPP, Salam Mustapha, has highlighted the current power outages as a major challenge going into the 2024 election....
Single ECG revenue account won’t solve power crisis – John Jinapor
Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has said that the Finance Ministry’s decision to put all of the Electricity Company...
Kwadaso Onion Market demolished: traders relocated over security concerns
After a notice that met an initial resistance by the traders, hundreds of sheds were pulled down at the market under police-military supervision. The regional Security Council had cited threats to security and vehicular congestion as reasons for evacuating the traders.
TikTok vows legal challenge to potential US app ban
TikTok will file a court challenge if Congress passes legislation paving the way to a nationwide ban of the app, a top executive told...
Dumsor: Energy sector ‘shepherdless’, we need a new leader – IES Director
The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the energy sector is currently lacking effective leadership.He...
Unless something dramatically happens, cedi will continue to depreciate – Ghana Association of Forex Bureaux
The Ghana Association of Forex Bureaux says the recent cedi depreciation will not end if practical measures are not put in place to halt...
We are confident of bilateral MoU agreement with Ghana soon – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet is confident that Ghana will formalize a Memorandum of Understanding (MoU) with the...
Dumsor: If there’s competition, ECG would lose all its customers – ACEP
Africa Centre of Energy Policy (ACEP) has added its voice to the need for a competitive power distribution company in the country.They cited poor...
Cash waterfall mechanism undergoes audit to bring transparency and accountability – Amin Adam
Finance Minister Mohammed Amin Adam has revealed that the government has begun auditing the Cash Waterfall Mechanism through which revenue collected from the electricity...
ECG to use single revenue collection account – Finance Minister
Finance Minister Mohammed Amin Adam has disclosed that a single account has been established for the Electricity Company of Ghana's revenue collection activities.In March,...
The worst is over for Ghana’s economy – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now...
Fuel prices won’t cross GH¢18 mark next week – CBOD assures consumers
The Ghana Chamber of Bulk Oil Distributors (CBOD) has allayed the fears of consumers that fuel prices may go up astronomically by the end...
Fitch Solutions forecasts end-year cedi to dollar rate of GH¢12.25; currency depreciates 11% to dollar
Fitch Solutions is forecasting an end-year cedi to dollar rate of GH¢12.25 to one US dollar, arguing the the Ghanaian cedi will recoup some...
Ghana’s economy heading towards stability – Finance Minister
Ghana's Minister of Finance, Dr. Mohammed Amin Adam, has announced that the country's economy is moving towards stability, citing robust economic progress and strong...
Apple removes WhatsApp and Threads from China app store over national security concerns
Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security...
Ghana nears agreement on debt restructuring with bilateral creditors
Finance Minister Dr Mohammed Amin Adam has revealed that the bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s...
LPG prices surge in Ghana, raising concerns over tax impact
The soaring cost of liquefied petroleum gas (LPG) in Ghana has become a critical issue, marked by a substantial increase in prices in recent...
Financing assurance secured from bilateral creditors to aid Ghana’s 2nd review funding – IMF Africa head
The International Monetary Fund (IMF), has revealed that it has secured the needed financing assurance from bilateral creditors that will help to conclude the...
Development Bank Ghana targets 1 billion cedis funding for commercial banks
Development Bank Ghana has revealed that it is working to advance 1 billion cedis to commercial banks and participating financial institutions this year to...
Ghana’s oil production to rebound in 2024 growing by 5% – Fitch Solution
Ghana’s oil production is expected to rebound in 2024, with an anticipated increase of 5.0% to 177,120 barrels per day (b/d).According to Fitch Solutions,...
Fitch Solutions projects 19.0% average inflation for Ghana in 2024
Fitch Solutions is projecting an average inflation of 19.0% for Ghana in 2024.This is lower than the International Monetary Fund’s 22.3%.According to the London-based...
Ghana to host Ghana-Cote d’Ivoire Cocoa Initiative Headquarters
Vice President Mahamudu Bawumia has hosted Robert Beugré Mambé, the Prime Minister of Côte d’Ivoire, at the Jubilee House, ahead of the inauguration of...
Ghana’s revenue-to-GDP ratio to exceed 17% within next six years, but expenditure to remain flat – IMF
Ghana’s revenue-to-Gross Domestic Product ratio is expected to exceed 17% year-on-year for the next six years.According to the International Monetary Fund’s April 2024 Fiscal...
Western North Region most expensive for food in Ghana – New GSS report finds
The Ghana Statistical Service (GSS) launched its second Food Price Variability report today at the Accra Technical University (ATU), revealing significant differences in food...
KNUST’s Prof. Grace Nkansa Asante becomes Ghana’s first female Professor of Economics
Prof Nkansa Asante becomes the first female in Ghana to be conferred the academic title following an approval by the University Council.She currently holds the position as the Vice Dean at the Faculty of Social Sciences of the College of Humanities and Social Sciences, KNUST.
PIAC touts GNPC’s prowess as key energy provider
The Public Interest and Accountability Committee (PIAC) has called for the review of the laws of the Ghana National Petroleum Corporation (GNPC) to allow...
Change MASLOC into a digital lending platform – Citizens Movement against Corruption
The Citizens Movement against Corruption has proposed transforming the Microfinance and Small Loans Center (MASLOC) into a digital lending platform.MASLOC, established to provide...
MTN and Huawei launch Joint Technology Innovation Lab to drive Africa’s digital transformation
MTN Group, in partnership with Huawei, officially inaugurated the Technology Innovation Lab at MTN Group's headquarters.This milestone marks a significant advancement in their ongoing...
IMF projects single-digit inflation of 8 percent for Ghana by end of 2025
The International Monetary Fund, IMF is projecting that Ghana will return to single-digit inflation by the end of 2025.The IMF in its Economic Outlook...
Ghana Commodity Exchange marks 5th anniversary with symposium
As part of celebrations to mark its 5th year Anniversary, the Ghana Commodity Exchange (GCX) has organized a symposium under the theme "Transforming Commodity...
IMF projects 4.4% growth rate for Ghana in 2025
IMF is projecting a growth rate of 4.4 per cent for Ghana by the end of 2025.This was captured in the IMF’s Global...
Beige Bank disobeyed Bank of Ghana – Prosecution Â
The Chief State Attorney (CSA), the prosecution in the ongoing trial of the former Chief Executive Officer (CEO) of the defunct Beige-Bank, has challenged...
Producer Price Inflation increases sharply to 16.5%
The year-on-year inflation rate at ex-factory prices for all goods and services was 16.5% in March 2024, the Ghana Statistical Services has disclosed.This is...