Don’t pay for delays at the port – Shippers told
The Ghana Shippers’ Authority (GSA) has directed shippers not to pay for the costs associated with delays at ports caused by system failures or...
NDC Victory: A bold opportunity to transform Ghana’s agriculture and economy – Klutse Kudomor speaks
The National Democratic Congress (NDC) has secured victory in Ghana’s recent general elections, entrusted by the people to lead the nation over the next...
Ablakwa blows alarm on ADB board’s $750K last minute contract
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...
BoG issues bancassurance directives to stakeholders in financial sector
The Bank of Ghana (BoG) has issued the bancassurance directives as an Exposure Draft to solicit comments and inputs from the banking industry and...
Gov’t misses T-bills target by GHS 60m amid rising yields
The government recorded a marginal shortfall in last week’s Treasury bills auction, securing GHS 5.40 billion in bids against a target of GHS 5.46...
Low sales hit Avenor livestock market as prices soar during festive season
Traders at Accra's Avenor livestock market are experiencing a sharp decline in sales this festive season, attributing the downturn to steep price increases in...
LYZY Tomato Mix makes grand appearance at Foster Romanus event
Patrons who thronged into the premises of National Theatre for the 'Romanus Incomplete VI' event hosted by comedian Foster Romanus on Monday, December 23,...
BoG Governor explains UT, Capital Bank license revocations
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has attributed the revocation of licenses for UT Bank and Capital Bank to...
Ghana Shippers Authority addresses Tema port delays
The Ghana Shippers Authority (GSA) has addressed recent delays in container delivery and evacuation at Tema Port, citing scanner breakdowns at terminals and system...
Asante Gold secures $500 million gold forward agreement to advance Bibiani operations
Asante Gold Corporation has announced the signing of a $500 million Gold Forward Purchase Agreement with Fujairah Holdings LLC.This strategic move, facilitated through its...
Policy rate to fall to 22.5% in 2025 – Deloitte
Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend.It is thus...
Cedi to end 2024, 2025 at GH¢16.07, GH¢17.23 – EIU
The Economist Intelligence Unit (EIU) estimates that the cedi will end 2024 at GH¢16.07 to one US dollar.It also projects a marginal depreciation of...
Bond market: Volume falls by 50.1% on risk sentiments
Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.Total volume traded fell to GH¢762...
Ivory Coast cocoa farmers concerned about Harmattan wind’s impact on production
Farmers in some of Ivory Coast's cocoa-growing regions are concerned about the impact of the strong Harmattan wind on the cocoa crop, as it...
Ghana’s gold production to rise marginally by 3% in 2025 – Deloitte
Ghana’s gold production is projected to rise marginally by 3% to 136 tonnes in 2025 from an estimated 132 tonnes in 2024.According to Deloitte,...
Dr. Nduom confident in Mahama-led NDC to restore GN Bank’s legacy
The Global Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has expressed confidence that the new National Democratic Congress (NDC) administration, led by John...
First tax to go should be COVID-19 levy, E-levy, and VAT reviewed – GNCCI
The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), has called on the incoming government to prioritise the removal of specific...
Weak cocoa production impacting COCOBOD amid record high prices – IMF
The International Monetary Fund (IMF) has identified 2024 as a challenging financial year for the Ghana Cocoa Board (COCOBOD), despite some progress made in...
Struggling to celebrate: How economic challenges are redefining Christmas in Accra
As the festive season draws closer, the streets of Accra, typically brimming with Christmas cheer, bear a more subdued mood this year.Inflation and economic...
Aggrieved Menzgold customers appeal to Mahama for financial bailout
Customers of the collapsed MenzGold Ghana Limited are urging the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address...
Present 2025 mini-budget or risk jail term – Ato Forson cautions Finance Minister
Finance Minister, Dr. Mohammed Amin Adams has been warned that he risks a prison sentence if he fails to present the mini-budget to Parliament.This...
LPG consumption increases by 4% in 2023
Despite facing significant challenges in 2022, Ghana's Liquefied Petroleum Gas (LPG) consumption saw a modest increase of 4% in 2023.According to recent data by...
Ghana records $316m in FDI in first three quarters of 2024
Ghana attracted Foreign Direct Investment (FDI) worth $316 million in the first nine months of 2024, reinforcing its reputation as a prime investment destination...
Gabriel Kumi elected Board of the Chamber of Oil Marketing Companies
The Board of the Chamber of Oil Marketing Companies has elected the Executive Director of Trinity Oil Company Gabriel Kumi as board chair of...
Maintain a tight monetary policy stance – IMF to BoG
The International Monetary Fund (IMF) has urged the Bank of Ghana (BoG) to maintain a tight monetary policy stance given upside risks to inflation...
Fitch expects outlook for sub-Saharan African sovereigns to be neutral in 2025
Fitch Ratings expects the outlook for sub-Saharan African sovereigns to be neutral in 2025.This the UK-based firm says will reflect a stronger macroeconomic outlook...
Ghana spent nearly half of revenue on debt servicing in 5 years
Ghana spent 42% of its revenue to servicing debt between 2017 and 2022, according to the 2024 United Nations report on Unpacking Africa’s Debt.This...
Seth Terkper justifies national dialogue on IMF borrowing and economic recovery
Former Finance Minister Seth Terkper has defended the incoming Mahama administration’s plans to convene a national dialogue to chart a sustainable path for Ghana’s...
We are handing over a strong economy – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand...
Cedi narrows its year-to-date loss; one dollar equals GH¢15.65
The Ghana cedi clawed back further gains as its resurgence against the dollar continued abated.The local currency gained 3.8% week-on-week to the US dollar...
Reducing food inflation must be a priority in Mahama’s administration – Prof. Gatsi
Economist and Dean of the University Cape Coast Business School, Prof. John Gasti has advised the incoming John Mahama administration to work at reducing...
BOT Properties wins best Promising Property Company of the Year at Ghana Property Awards 2024
BOT Properties has been recognised as the Best Promising Property Company of the Year at the prestigious Ghana Property Awards 2024.This honour is a...
Bitcoin hits new record high of more than $106,000
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...
Current financial year proving challenging for COCOBOD – IMF
Although Ghana Cocoa Board’s (COCOBOD) financial position improved in 2023, the current financial year is proving challenging, the International Monetary Fund has stated.According to...
Energy sector is a major source of financial risk; legacy debts hit $2.1bn – IMF
The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source...
T-bills auction: Government records 19.75% oversubscription; interest rates near 30%
The government recorded a 19.75% oversubscription of treasury bills barely a week after President Mahama won the presidential elections.According to the Bank of Ghana's...
We won’t abandon IMF programme – Mahama
President-elect, John Dramani Mahama, has reassured Ghanaians that his administration will not abandon the ongoing International Monetary Fund (IMF) programme.In an interview with VOA...
Ahafo youth with innovative business ideas to receive supportÂ
Youth in the Ahafo Region with innovative business ideas are set to receive support from the government and private organizations to help reduce unemployment.At...
ADB threatens legal action over false claims against Deputy Managing Director
The Agricultural Development Bank PLC (ADB) has strongly refuted circulating allegations aimed at tarnishing the reputation of the Bank and its Deputy Managing Director,...
Recapitalisation of banks progressing, but credit risks surge – IMF
The recapitalisation of banks is progressing, but credit risks have increased, the International Monetary Fund has stated.The Washington-based multilateral institution, however, said the banking...