Export value of cocoa beans dropped by 26% in the second quarter of 2024
Recent data from the Ghana Statistical Service indicates a significant drop in the export value of cocoa beans for the second quarter (Q1) of...
UAE remains Ghana’s top export destination – GSS reveals
The United Arab Emirates (UAE) remains Ghana's top export destination, for the second quarter of 2024, accounting for GH₵15.0 billion, data from the Ghana...
Food and Beverage Association kicks against Excise Tax Stamp machine
The Food and Beverage Association of Ghana (FABAG) is opposing the introduction of new machines for affixing Excise Tax Stamps on their products by...
Freight forwarders embark on demo over exploitative charges
Freight Forwarders in Tema on Tuesday embarked on a protest against what they termed exploitative practices by shipping lines in Ghana.The Ghana Institute of Freight...
Upward trend in T-bill yields to continue; Government to borrow GH¢7.44bn
The upward trend in treasury bill yields is expected to continue despite inflation easing for the fifth consecutive months.The strong demand amid tighter market...
Trafigura petitions Finance Minister over $134m judgement debt
Oil conglomerate Trafigura has petitioned Ghana's Finance Minister, Dr. Mohammed Amin Adam, over an unpaid judgment debt owed by the government, threatening to seize...
Ghana places 4th with largest growth in digital bank account in Sub-Saharan Africa
Ghana placed 4th in Sub-Saharan Africa with the largest growth in digital bank account ownership, Fitch Solutions, has revealed.However, it described the increase as...
Ghana retains 10th position with lowest fuel price in Africa
Ghana retained its 10th position with the lowest fuel price in Africa in September 2024, GlobalPetrolPrices.com has disclosed.This is coming despite the continuous marginal reduction...
SSNIT pays GHȼ450m to over 251K pensioners for September 2024
The Social Security and National Insurance Trust (SSNIT) has disbursed a total of GHȼ450.07 million to 251,576 pensioners for September 2024.The payments, made on...
Excessive port charges hurting businesses in Ghana – GIFF chairman [Video]
Romeo Frimpong, Chairman of the Monitoring Committee of the Ghana Institute of Freight Forwarders (GIFF) in the Tema District, has expressed concern over the...
Shipping lines to be rocked with a demonstration on Tuesday
Key players in the logistics and trade sectors will on Tuesday, September 24, embark on a protest against shipping lines operating in Ghana on...
GSA shuts down company producing substandard mattress
ZXZ Company Limited, a Chinese-owned firm producing the Moonda brand of mattresses in Afienya, has been shut down by the Ghana Standards Authority (GSA)...
Bolt to appeal court ruling ordering GH₵1.9m compensation in identity theft case
Bolt has announced plans to appeal a ruling by the Adentan Circuit Court, which ordered the company to pay GH₵1.9 million in compensatory damages...
Policy rate to go down between 1.0% and 1.5% – Report
The Monetary Policy Rate (MPR) of the Bank of Ghana is expected do down between 1.0 and 1.5 percentage points at the next Monetary...
Inflation to ease to 19% in September 2024
Inflation is expected to decline further to 19.0% year-on-year in September 2024, IC Research has predicted.However, it expects month-on-month inflation to rise to 0.7%.“For...
GHȼ4.6 million lost to SIM swap fraud in 2023-BoG reports
The Bank of Ghana has revealed a rapid emergence of SIM swap fraud targeting individuals with access to mobile banking channels. According to the...
‘If not for mining, cedi could be ¢25 to $1’ — Sulemanu Koney on saving local currency
The CEO of the Ghana Chamber of Mines, Sulemanu Koney, has provided critical insights into the role of the mining sector in stabilising the...
NPP planning to handover $2bn energy sector debt to NDC – Minority
The Minority in Parliament is demanding a thorough audit of Ghana’s energy sector to determine the full scope of its debt.According to the caucus,...
21.188m loan records submitted to credit bureaus monthly in 2023 – BoG
Data providers submitted an average of 21,188,043 loan records to credit bureaus every month in 2023, the Bank of Ghana has disclosed in its...
Michael Blackson urges Ghanaians to elect God-fearing leader after losing $1M Eurobond investment
American comedian and actor of Ghanaian descent, Michael Blackson, has expressed his frustration with the Ghanaian government over what he describes as the mishandling...
6.9% GDP growth in 2024 Q2 shows economic recovery – Finance Ministry
The Ministry of Finance has announced that the latest Gross Domestic Product (GDP) figures from the Ghana Statistical Service (GSS) indicate a rapid recovery...
National best cocoa farmers advocate for enhanced value addition
The 2022 National Best Cocoa farmers are advocating for the implementation of practical measures to increase the value of cocoa for job creation and...
The People’s Forum: Onion traders in Adjen Kotoku urge gov’t to fix deteriorating road
Onion sellers in Adjen Kotoku in the Ga West Municipal District of the Greater Accra Region, are calling on the government to address the...
Or Foundation, AMA call for systemic change, oppose total ban on secondhand clothing
The Or Foundation, an Accra-based non-profit organisation in collaboration with the Accra Metropolitan Assembly (AMA), has called for a balanced, systemic solution to the...
Our boycott of Sage, Blue Ocean depots hold – LPG Marketers Association
The Liquified Petroleum Gas (LPG) Marketer Association insists its boycott of the Sage Petroleum and Blue Ocean depots in Tema in the Greater Accra...
Consolidated Bank Ghana has not been sold- Management
Consolidated Bank Ghana (CBG) has denied reports that the bank has been sold to a foreign entity.There has been reports on social media that...
Producer Price Inflation surges to 33.2% in August 2024
The year-on-year inflation rate at ex-factory prices for all goods and services increased to 33.2% in August 2024 from 29.1% in July 2024.The month-on-month...
Address smuggling of canned and PET packaged beverages into Ghana – GRA told
The American Chamber of Commerce and the Spain-Ghana Chamber of Commerce are urging the Ghana Revenue Authority (GRA), to treat with urgency the smuggling...
BoG directs banks to submit strategies to reduce financial fraud
The Bank of Ghana (BoG) says it has tightened its supervisory and monitoring systems in the financial sector to reduce the alarming number of...
GIRSAL gives 17 financial institutions GH¢1.18bn loans – BoG Governor
Over the past five years, the Ghana Incentive-based Risk-sharing System for Agricultural Lending (GIRSAL) has issued credit guarantees valued at over GH¢604.53 million to...
Ghana likely to become major food exporter – Ernest Addison
The Governor of the Bank of Ghana, Dr. Ernest Addison, has announced that Ghana is on track to become a significant food exporter, driven...
Bond market: Secondary market trade volume surges to GH¢1.22bn
Activities in the secondary bond market improved by 38.1%, increasing to GH¢1.22 billion from GH¢886 million in the previous week.The February 2032 and February...
Cedi records gains against dollar, others last week; one dollar going for GH¢16.41
The Ghana cedi recorded some gains last week against the US dollar and the other major foreign currencies after weeks of sustained depreciation.This was...
Bank Fraud will persist if culprits are only blacklisted, not prosecuted – Adam Bonaa
Security expert, Adam Bonaa has expressed concern over the increasing bank fraud, stating that blacklisting culprits is insufficient without prosecution.His comments come after the...
2024 polls: Mahama pledges to cap Ghana’s borrowing, enhance debt transparency
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to amend the Public Financial Management Act to establish a cap...
GUTA calls for de-politicization of fight against galamsey
The Ghana Union of Traders Association (GUTA), is calling for a de-politicization of the fight against illegal mining, also known as galamsey.According to the...
Reverse osmosis the most reliable way to filter water – Association of Packaged Water Producers
President of the National Association of Sachet and Packaged Water Producers, Magnus Nunoo, says the most effective method for treating water contaminated with heavy...
Staff of banks involved in fraud increases by 46% in 2023; BoG expresses worry
The number of staff involved in fraudulent activities in banks and Specialized Deposit-Taking Institutions (SDIs) rose from 188 in 2022 to 274 in 2023,...
Money lost through fraud cases in financial sector increased by 7% in 2023 to hit GH¢88m –BoG
Data published by the Bank of Ghana (BoG) in its annual Fraud Report has revealed that the losses from fraud cases in the financial...
Finance Minister pledges GH¢500,000 scholarship to empower Northern Region journalists
The Minister of Finance and Member of Parliament for the Karaga constituency, Dr. Mohammed Amin Adam, has introduced a GH¢500,000 scholarship program designed to...