Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF
The International Monetary Fund (IMF) has said that Ghana's ongoing economic challenges stem not only from the COVID-19 pandemic but also from excessive spending...
Millions withdrawn from Commercial Bank of Ethiopia due to system error
Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch".The customers discovered early on...
Ghana close to signing MOU with bilateral creditors on debt restructuring – IMF MD
Ghana is close to signing a Memorandum of Understanding (MoU) with bilateral creditors as part of the restructuring of debts owed to these lenders....
NCA gives update on undersea cable disruptions
The National Communications Authority (NCA) updated the public on the disruption of undersea cables that has since Thursday, 14th March, 2024 affected data services...
GNPC CEO Opoku-Ahweneeh Danquah – transforming Ghana’s oil and gas sector with Vision and Action
In a bold departure from traditional norms, Opoku-Ahweneeh Danquah, the Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), is redefining leadership...
MTN Ghana secures additional capacity to improve data experience for subscribers
MTN Ghana has announced that it has secured additional capacity from its international partners to help improve data and internet services to its subscribers.This...
Cedi depreciates 8.63% to dollar since January 1, one dollar going for GH¢13.60
The Ghana cedi has lost 8.63%in value to the dollar since the beginning of 2024 as pressure continues to mount on the local currency.Bloomberg...
Importers demand plan B as internet disruption bites hard on clearance at Tema Port
Importers and freight forwarders at the Tema port are asking the Ghana Shippers Authority to ensure shipping lines do not charge them for extra...
You need a better deal from Eurobond holders; don’t allow them to twist your arm – IMF boss to Ghana
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, is advising Ghana to reach a better deal with its Eurobond holders, saying,...
Petrol, diesel prices to remain same; LPG to go up 4% – IES
The prices of petrol and diesel are expected to stay the same for the next two weeks, the Institute for Energy Security has revealed.However,...
IMF deal: Akufo-Addo commits to meeting aspirations of Ghanaians
President Akufo-Addo says the government will be cautious to strike a fine line between meeting the aspirations of Ghanaians and staying true to the...
We will build stronger collaboration with IMF towards Ghana’s economic resilience – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has expressed confidence in building a stronger collaboration with the International Monetary Fund towards Ghana’s economic resilience and...
IMF boss arrives in Ghana; will meet Akufo-Addo, Finance Minister, BoG Governor, others
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has arrived in Ghana.This is her first official visit to the country.She was...
ECG only engaged in optics by disconnecting known government entities – Ben Boakye
The Executive Director of the Africa Centre for Energy Policy (ACEP) has criticised the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution...
Maize is expensive – Kenkey sellers tell Bryan Acheampong
Sellers of indigenous Ga dish, Kenkey, in Teshie and Osu have challenged the Minister for Food and Agriculture, Bryan Acheampong's assertion that kenkey prices are decreasing....
I’ll establish a $50m fund to strengthen Fintech industry – Mahama
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to establish a $50 million fund to strengthen Ghana’s rapidly growing...
Borrowing from IMF and World Bank needed badly to hold economy – Chair, Finance Committee of Parliament
The Chairman of the Finance Committee of Parliament, Kweku Kwarteng has stated that borrowing from the International Monetary Fund (IMF) and World Bank are...
Ghana must explore in-land fibre optics to curtail future interruptions – Internet Service Providers
A Board member of the Internet Service Providers, Daniel Kofi Ansah Akuffo is advocating for the exploration of inland cables in Ghana to mitigate...
NCA describes nationwide internet disruption unprecedented
The National Communications Authority (NCA) has described the nationwide internet disruption as unprecedented.According to the Authority, it does not know when the disturbance will...
Bankers Association reacts to service interruption
The Ghana Association of Banks has notified customers of all banks the nationwide internet breakdown has interrupted service delivery.A statement signed by...
We expect inflation to increase to 26% in March 2024 – GCB Capital
GCB Capital expects a sharp increase in headline inflation in March 2024 to around 26%.This is largely due to unfavourable base drifts, following the...
Telecoms Chamber reacts to internet connectivity challenges
The Ghana Chamber of telecommunications has attributed the difficult in accessing internet connectivity today March 14, 2024, to outages on multiple submarines optic fibre...
Rethink fiscal policy measures to ensure sustainability, reduce shocks – IMF to Ghana, others
The International Monetary Fund is advising African countries including Ghana to rethink their fiscal policy following repeated external and domestic shocks from rising debt...
Govt earmarks funds for financial sector cleanup – Minister assures
The Minister of State-designate at the Ministry of Finance, Abena Osei Asare, has said government has earmarked money to pay customers and asset managers...
Anti-LGBTQ+ Bill: Finance Ministry’s memo not advice for Akufo-Addo – Abena Osei-Asare
Minister of State-designate for Finance, Abena Osei-Asare says that the widely circulated document on the cost of signing the anti-LGBTQ+ bill was not advice...
COCOBOD fears climate change will negatively affect cocoa production target
Ghana Cocoa Board fears the current weather conditions as a result of climate change may negatively affect the country’s cocoa production target of nearly...
Trade Minister orders uniform cement prices across country
The Minister of Trade and Industry, K. T. Hammond, has directed the newly constituted Cement Manufacturing Development Committee to ensure uniformity in cement prices...
Cedi depreciation to blame for surge in fuel prices – COPEC
The Chamber of Petroleum Consumers (COPEC) has cautioned that fuel prices will continue to surge in the coming weeks if the depreciation of the...
Afenyo-Markin justifies $449m tax waiver request for 1D1F businesses
Majority Leader Alexander Afenyo-Markin has refuted claims made by the Minority regarding the government's tax waiver requests for businesses under the One District One...
Sammi Awuku elected Vice President of African Lotteries Association
In a significant development for the African Lotteries Association (ALA), Samuel Awuku, the Director-General of the National Lottery Authority (NLA) of Ghana, has been...
Climatic conditions lead to historic cocoa price spike
Climatic conditions are contributing to a poor cocoa crop which has shot up cocoa prices to previously unseen levels.Cocoa prices have reached over $7,300...
PFJ Phase 2: Agric Ministry to begin registration of farmers today
The Ministry of Food and Agriculture (MoFA) is set to launch a nationwide registration of farmers on Tuesday, March 12, as part of the...
Cedi regains some stability against dollar; one dollar going for GH¢13.10
The Ghana cedi regained some stability against the US dollar last week, preserving its year-to-date loss of about 6.35%.After a difficult period in the...
GSE is 6th best performing stock market in Africa
The Ghana Stock Exchange (GSE) is the 6th best-performing stock market in Africa so far this year.The GSE Composite Index continued its positive run at...
Inflation to decline between 13-17% by December 2024 – BoG
The Bank of Ghana is forecasting a further decline in headline inflation to between 13 – 17% by the end of 2024, before gradually...
Minority accuses BoG of illegally writing off GH¢48bn gov’t debt
The Minority in Parliament has accused the Bank of Ghana (BoG) management of illegal activities related to the write-off of around GH¢48 billion in...
BIC relocates pen production to Ivory Coast – Minority Leader claims
The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has revealed that BIC, a renowned pen manufacturer, has moved its production operations to Ivory...
President of Malta, HE Dr George Vella pays a working visit to NLA
The President of Malta, H.E Dr George Vella and the First Lady of Malta, Mrs. Mary-Anne Vella, on Friday, 8th March 2024, paid a...
Unilever Ghana has relocated its tea production to Nigeria due to current mess – Ato Forson
The Minority Leader in Parliament, Dr Cassiel Ato Forson, has revealed that Unilever Ghana has decided to move its tea production operations to Nigeria,...
Ghana ranked 10th in Africa with most affordable fuel prices
A report by GlobalPetrolPrices.com ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024.On the global scale, Ghana sits comfortably...