Banks appetite for T-bills to drop; Loan book to expand – Report
Banks' appetite for treasury bills in favour of lending is expected to drop following the increase in the Cash Reserve Ratio (CRR) of banks.The...
Locked-up Investment Holders hit the street [Video+Photos]
Members of the Locked-up Investment Holders Forum, have hit the streets of Accra again.The protest is to put pressure on Bank of Ghana to...
NIC is committed to aggressive education to boost insurance coverage – Ag Commissioner
The National Insurance Commission has expressed commitment to undertake aggressive regular education to boost insurance coverage in Ghana.The move is to ensure that many...
IMF to begin Second Review of Ghana’s programme on April 2
The second Review of Ghana’s three-year, $3bn IMF-Supported Post Covid-19 Programme for Economic Growth (PC-PEG) to be conducted by the IMF Staff has been...
Locked-up Investment Holders Forum to protest today
The Locked-up Investment Holders Forum will today March 27, 2024, embark on a protest against the Bank of Ghana (BoG).Their action is to impress...
Approval of IMF second review will trigger release of third tranche of $360m – Finance Minister
The Finance Minister, Mohammed Amin Adam says that the second review of the three-year $3 billion International Monetary Fund (IMF) programme will be conducted...
Cocoa is more expensive than copper as it tops $9,000
Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever —...
GPHA refutes claims Ghana is losing cargo to neighboring countries
The Director General of the Ghana Ports and Harbours Authority (GPHA), Michael Luguji, is challenging the business community to provide any data to back...
Finance Minister charges GRA Customs to reduce leakages
The Minister of Finance, Dr Mohammed Amin Adam, has charged the Customs Division of the Ghana Revenue Authority (GRA) to put in more efforts...
We are not responsible for high port charges – GPHA
The Ghana Ports and Harbours Authority (GPHA) has rejected the accusations for the reported high port charges at the ports.According to its Director General,...
Revenue mobilisation is my topmost priority – Finance Minister
The Minister of Finance, Dr. Mohammed Amin Adam, has declared revenue mobilisation as his topmost priority for the running of the state. According to...
2024 polls: We’ll control our expenditure – Abena Osei-Asare
The Minister of State-designate for the Finance Ministry, Abena Osei-Asare, has affirmed the government's unwavering dedication to preventing revenue losses as the nation prepares...
Economic activity pickup in January 2024 – BoG
The Bank of Ghana’s high-frequency real sector indicators pointed to a continued pickup in economic activity in the first month of 2024.According to the...
More than half of 23 banks fully recapitalized – BoG
More than half of the 23 banks in Ghana have fully capitalized, the Governor of the Bank of Ghana, Dr. Ernest Addison, has disclosed.According...
Analysis: Cedi to struggle against US dollar as demand pressures heighten
As the Bank of Ghana prepares to auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2024, ongoing dollar...
GCB, Absa, OmniBSIC offer cheapest loans to households, SMEs and corporates – BoG
GCB Bank offered the cheapest loans to household consumers, the latest Annualized Percentage Rates by the Bank of Ghana has revealed.It offered a rate...
Total mobile money transactions hit record GH¢394.2bn in two months of 2024
The total value of mobile money transactions for the first two months of 2024 stood at a record GH¢394.2 billion.This is compared with GH¢264.1...
T-bills auction: Interest rates plummet to 25.99%, government exceeds target by 41%
Interest rates tumbled for the 12th consecutive week in 2024 in line with most analysts forecasts.According to results of treasury bills (T-bills) auction by the...
Sentuo Oil Refinery affirms commitment to touch lives through CRS
One of Ghana’s biggest Oil Refineries, Sentuo Oil Refinery is not only creating employment opportunities in Ghana, but is determined to touch the lives...
GRA staff replies Bawumia
The Organized Labour of the Ghana Revenue Authority(GRA) Workers’ Union has condemned Vice President Dr Mahamudu Bawumia over his alleged harassment during tax collection....
Internet interruption: We’re working to reimburse wrongful E-Levy deduction – GRA
The Ghana Revenue Authority (GRA) says it is working to reimburse wrongful Electronic Transfers Levy (E-Levy) deductions during the internet disruption.GRA in a...
Ghana ended 2023 with GH₵610bn public debt; a 27% increase
Ghana’s public debt increased to GH₵610 billion as at December 2023.Comparatively, this is a 26. 85 percent rise from the GH₵446.3 billion recorded...
Stop rejecting 1 and 5 pesewa coin – BoG to Ghanaians
The Bank of Ghana has cautioned Ghanaians against rejecting the one and five pesewas coins.Head of Currency Management at the Central Bank, Dominic Owusu,...
Vessels set sail to commence work on cut subsea cables – Ken Ashigbe
The Subsea cable landing Service providers have set sail for their vessels to commence work on cut subsea cables.The Vessels are moving to the...
BoG nears zero counterfeit with clean note policy
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency.The Central Bank emphasizes its progress toward achieving a...
GRA reacts to Bawumia’s concerns
The Assistant Commissioner of the Ghana Revenue Authority (GRA), Emelia Assam, has responded to the alleged harassment of business owners during tax collection.This follows...
The tax amnesty proposal is unrealistic – Seth Tekper
Former Finance Minister, Seth Terkper has questioned the feasibility of Vice President Mahamudu Bawumia's tax amnesty proposal calling it “unrealistic.”This comes after the New...
We are going to grant tax amnesty to all businesses in 2025 – Bawumia
Vice President, Dr. Mahamudu Bawumia has assured businesses of tax amnesty in 2025 if he wins the December 2024 presidential elections.According to him, the...
Size of Ghana’s economy hits GH¢841.63bn in 2023 – GSS
The size of Ghana’s economy stood at GH¢841.63 billion in 2023, the Ghana Statistical Services has revealed.This includes net indirect taxes estimated at GH¢58.74...
Ghana records 2.9% GDP growth in 2023
Ghana’s economy grew 2.9 percent growth in 2023 lower than to 3.8 per cent recorded in 2022, the Ghana Statistical Service said on Wednesday.The...
We’re working to make Ghana ICT hub of West Africa – Communications Minister
Minister of Communications and Digitisation, Ursula Owusu-Ekuful, says the government is building the pillars to make Ghana the Information and Communications Technology (ICT) Hub...
Ghana remains most indebted African country to IMF in terms of Concessional Lending
Ghana remained the most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust.The country’s exposure...
We need to make Ghana business-friendly country – Bawumia
Flagbearer of the New Patriotic Party (NPP) Dr. Mahamadu Bawumia has expressed his desire and willingness to make Ghana a Business friendly and tax...
AngloGold Ashanti recorded $46m loss in 2023
AngloGold Ashanti lost $46 million or 11 US cents per share in 2023.This is compared to $489 million or 116 US cents per share,...
MoMo agents threaten strike over E-levy
The Mobile Money Advocacy Group Ghana (MOMAG) and Momo Agents are up in arms with the Ghana Revenue Authority (GRA) for imposing E-levy on...
High inflation: Most Ghanaians shifted spending in 2023 to essential goods – Maverick Report
Most Ghanaians shifted their spending habits in 2023 with a focus on essential goods as inflation bites, according to a survey by Maverick ResearchThe...
Unemployment biggest threat to Ghana’s GDP – World Economic Forum
The increasing rate of unemployment in Ghana has becoming alarming in subsequent weeks.From the staggering 1.85 million Ghanaians being unemployed in the third quarter...
Commercial Bank glitch lets customers withdraw millions
Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch".The customers discovered early on Saturday...
GRA urges public collaboration to expose tax evaders
The Ghana Revenue Authority (GRA) has called on Ghanaians to collaborate with the authority to expose tax evaders, whose actions impede the country’s economic...
Cedi is Africa’s third-worst performing currency this year – Bloomberg
The worst may not be over for Ghana’s cedi, Africa’s third-worst performing currency this year.Analysts said the unit, which has already lost more than...