Russia to grow faster than all advanced economies says IMF
An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International...
Fisheries Ministry announces Ghana’s first Marine Protected Areas
Fisheries and Aquaculture Development Minister Mavis Hawa Koomson has announced Ghana’s first Marine Protected Areas (MPA).The MPA covers some 700km2 of biodiversity-rich coastal waters. The communities...
Ghana’s emerging economic potential – Ekumfi and Natural Juices Industries
As Ghana’s cocoa sector is diminishing at a faster rate as well coconut, the citrus and juice industry are likely to be the next...
Fuel price increase: Petrol selling at GH¢14.99, diesel going for GH¢14.80
Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps in line with the two-week review period.Market Leader, GOIL is...
NPA sets ₵13.2 as price floor for petrol; ₵13.7 for diesel
The National Petroleum Authority (NPA) has started enforcing the “price floor” for petroleum products in the country.The initiative, which is part of the NPA’s...
LPG consumption declines by 4.47%
There is an overall decline of approximately 4.47% in Liquified Petroleum Gas (LPG) consumption from January 2020 to December 2023, compared to a growth...
Ghanaian banks’ profitability to weaken due to new Cash Reserve Ratio regime – Fitch
Ratings agency, Fitch is warning that the profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link...
Cedi depreciates 9.65% to dollar
The Ghana cedi returned to its loss trajectory last week as it has depreciated by 9.65% to the dollar on the retail market since...
Bond market: Turnover tumbles by 52.9% to GH¢336.90m
Total turnover on the bond market retreated by 52.94% week-on-week to GH¢336.90 million last week.The decrease in activity partly came on the back of...
Ghana debt restructuring snag just a hiccup – Amin Adam
Ghana has made “significant progress” in debt-restructuring negotiations and the latest snag that sent its Eurobonds tumbling on Monday will be ironed out in...
Isaac Adongo dismisses IMF’s ‘positive’ assessment on Ghana’s economy
The Ranking Member on the Finance Committee in Parliament, Isaac Adongo, has raised concerns following the recent staff review by the International Monetary Fund...
IMF Executive Board selects Kristalina Georgieva to serve a second term
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term...
IMF deal has delivered on broad structural quantitative objectives – Dr Theo Acheampong
Political Risk Analyst, Dr Theo Acheampong has lauded the government's success in meeting its broad structural quantitative targets under the International Monetary Fund (IMF)...
Abioye Oyetunji, Victor Osimeh among others make Forbes Africa 30 Under 30 list
The Chief Executive Officer (CEO) of FXKudi, Abioye Oyetunji has been named in the 2024 Forbes Africa 30 Under 30 list.The list also...
IMF deal has achieved short-term targets but… – Seth Terkper
Former Finance Minister Seth Terkper has asserted that while the government has achieved some short-term targets, more efforts are needed to fully realise the...
Ghana fails to reach debt deal with international bondholders
Ghana has failed to strike a deal with two bondholder groups to restructure $13 billion of international bonds, the government said on Monday, dealing...
Cephas Quarshie: A man of God using Cereno Homes to redefine housing in Ghana
Apostle Dr. Cephas Quarshie, renowned as the Group Chairman of the CBS Group of Companies, stands at the forefront of Ghana's business landscape, earning...
Staff-Level Agreement not enough to release third tranche – IMF to Ghana
Ghana has reached a Staff-Level Agreement with the International Monetary Fund (IMF) for the second review of the Extended Credit Facility, but the Executive...
Price of petrol, diesel to go up 5%, 4% per litre – IES
The price of petrol and diesel is projected to further increase by about 5% and 4% per litre respectively at the pumps in the...
COCOBOD, mining firm in tango over destruction of cocoa farms
The Ghana Cocoa Board is up in arms with MIGOP, a private mining company for allegedly destroying hundreds of hectares of rehabilitated cocoa farms...
Full text: BoG’s statement on IMF Second Review of the Extended Credit Facility (ECF) Programme
Thank you Stephane for those opening remarks.Let me also thank you and your team from the IMF, who have spent the last two weeks...
Ghana secures $360m from IMF with Staff-Level agreement for second review of extended credit facility
Ghana has secured $360 million from the International Monetary Fund (IMF) subject to passing the Fund's Board Approval.This was after it reached the Staff-Level...
Top 10 African countries with the highest food inflation rates in 2024
A recent report by the United Nations has shed light on the persistent challenge of food inflation across various African nations in 2024.The...
GNPC wins 2024 CSR Company of the Year Award
The GNPC Foundation, the Corporate Social Responsibility arm of the Ghana National Petroleum Corporation (GNPC), has been honoured with the prestigious CSR and Corporate...
GSA, FDA harmonise certification processes to fast track approvals for businesses
The Ghana Standards Authority (GSA), and the Food Drugs Authority (FDA) have harmonised their certification processes to fast track approvals for businesses.The move is...
Ghana’s inflation 6th highest in Sub-Saharan Africa – World Bank
Ghana’s inflation of 25.8% is the 6th highest in Sub-Saharan Africa, according to the April 2024 World Bank Africa Pulse report.Zimbabwe, Sierra Leone, Malawi,...
GPRTU warn against unauthorized fare increases by some drivers
The Ghana Private Road Transport Union (GPRTU) of TUC, Ghana, has issued a stern warning against unauthorized fare increases by some drivers.In a...
GEXIM organises Iftar to commemorate Eid-Ul-Fitr celebrations
The Ghana Export – Import Bank (GEXIM) has organised its maiden Iftar at the Bank’s headquarters at the African Trade House in Accra.The...
South Korea to invest $7 billion in AI
South Korean President Yoon Suk Yeol said on Tuesday his country will invest 9.4 trillion won ($6.94 billion) in artificial intelligence by 2027.According to him,...
Government’s refusal to clear goods for HEAL KATH Project sparks public outcry
There is widespread outrage among some Ghanaians over the government's refusal to aid the Heal Kath Project team in clearing tiles for renovation works...
Billionaire faces death in $44bn bank fraud case
It is the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen.Behind the stately...
Ghanaians require infrastructure, not a tracker – Former Ridge Hospital medical director
Former Medical Director of the Ridge Hospital, Dr Thomas Anaba, says Ghanaians are not interested in tracking the government's projects but rather interested in...
Mahama in shock as he lists 22 taxes on vehicle imports at Tema Port
Former President, John Mahama has expressed shock at 22 levies and fees on the clearing of goods at the Tema Port.According to him, the...
KNUST Career Services Centre partners with German Embassy to Host ‘Time with the CEOs’
The Career Services Centre of the Kwame Nkrumah University of Science and Technology (KNUST) in collaboration with the German Embassy organised a seminar dubbed...
GNPC may not survive after 2026 if… – PIAC
The Public Interest and Accountability Committee (PIAC) is warning that the Ghana National Petroleum Corporation(GNPC) may not survive without government support if the government...
Agrihouse to host Ghana agrochemical and crop protection exhibition and awards
Local agricultural advocacy NGO, Agrihouse Foundation, has launched the maiden edition of its Ghana Agrochemical and Crop Protection Exhibition and Awards (GACA) at its...
March 2024 inflation increases sharply to 25.8%
Inflation for the month of March 2024 increased to 25.8% from 23.2% recorded in February 2024.According to figures from the Ghana Statistical Service, the...
PIAC worried about GNPC ‘Cash Calls’ challenges from Joint Venture partners; blames Finance Ministry
The Public Interest and Accountability Committee (PIAC) has expressed worry about the inability of the Ghana National Petroleum Corporation (GNPC) to meet cash calls...
GSE registers six top gainers in March 2024; MTN, NewGold record all-time high prices
The Ghana Stock Exchange (GSE) recorded six top gainers in March 2024.The equities market continued to rally positively during the month, with two companies,...
Why gold prices are at record highs
From central banks to Costco customers, it seems everyone is buying gold these days.The price of spot gold reached $2,364 per ounce Tuesday, after hitting record highs for...