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...
Ghana’s biggest lender is not who you think
Is it China?Ghana’s debt crisis naturally shone the spotlight on the country’s biggest creditors.At one point, China, as the country’s largest bilateral (country-to-country) creditor...
Fuel price reduction: Diesel at GH₵12.55, petrol GH₵13.27 a litre
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today, September 16, 2024.Star Oil Ghana is selling...
Prices of petrol, diesel, LPG to decrease between 2% and 5% – IES
Fuel prices are expected to fall between 2% and 5% at the pumps in the coming days, the Institute for Energy Security has projected.This...
Ghana ranked 6th in Africa with highest Cost of Living and Rent Index
Ghana has been ranked 6th in Africa among 16 African countries with the highest Cost of Living and Rent Index.According to Numbeo, the country...
Fuel prices projected to drop for fourth consecutive time
The Chamber of Petroleum Consumers (COPEC) anticipates a reduction in fuel prices in the upcoming pricing window starting Monday, September 16, 2024.COPEC projects an...
We don’t grant license for mining in water bodies – Minerals Commission
The Chief Executive Officer of the Minerals Commission, Martin Kwaku Ayisi, has stated that the Commission does not grant licenses for individuals or companies...
Mahama blames NPP govt for declining investor confidence in energy sector
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has accused the New Patriotic Party (NPP) government of undermining investor confidence in...
Ghana Link’s ICUMS introduces advanced weighbridge system at ports
Ghana Link Network Services Ltd has completed the construction of four weighbridges at Tema Port GPHA Terminal 1 and two at the Atlantic Terminal...
UK increases financial requirements for international students
International students planning to study in the United Kingdom will face higher financial requirements from January 2025, following new rules announced by the UK...
OpenAI releases o1, its first model with ‘reasoning’ abilities
OpenAI is releasing a new model called o1, the first in a planned series of “reasoning” models that have been trained to answer more...
Ghana and Austria renew commitment to boost trade, investment relations
Ghana and Austria have renewed their commitment to deepen economic collaboration and bolster trade and investment ties at all levels.The two countries, led by...
Our work is threatened by armed gangs protecting illegal miners – Ghana Foresters
Ghana Institute of Foresters says the operations of members to protect some of Ghana’s forest reserves from illegal mining activities and other invaders are...
BoG calls for consistent pricing in digital payment to enhance innovation
The Head of Fintech at the Bank of Ghana (BoG), Kwame Oppong has advocated for stakeholders in the digital payments ecosystem to consider setting...
Alberta Akosa receives 2024 AgriFood future prize
The founder of Agrihouse Foundation, Alberta Nana Akyaa Akosa, is the 2024 recipient of the AgriFood Future Prize.Madam Akosa was recognized in Salerno, Italy,...
AgriFood Future makes waves in Italy
Salerno has become the centre of Agrifood innovation and sustainability following the second edition of the AgriFood Future from September 8 to 10, 2024.This...
Akufo-Addo sends strong message to state enterprises [Video]
President Nana Akufo-Addo has charged the state-owned enterprises to comply with the State Interests and Governance Authority's (SIGA) directive to submit audited financial statements...
Fund Managers to be engaged as GH₵700m of GH₵1.5bn bailout is set for release
Heads of defunct fund management firms are being called to meetings in the coming days to discuss the distribution of an initial GH₵700 million...
It is crucial for govt to continue to implement ECF programme to ensure sustainable growth, poverty reduction – IMF
The International Monetary Fund indicated that it is crucial for the Ghana government to continue to implement the Economic Credit Facility (ECF) programme as...
Upper West, Upper East, record highest food and non-inflation rates
In August 2024, the Upper West and Upper East regions of Ghana reported the highest food and non-food inflation rates, with food inflation reaching...
Ghana’s oil production may grind to a halt by 2024 – Dr. Manteaw
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw has stated that Ghana's oil industry may be affected badly if successive...
Release of GH¢1.5bn not enough – Aggrieved Gold Coast Fund Customers
The Aggrieved Gold Coast Fund Customers have expressed cautious optimism following the announcement of a GH¢1.5 billion bailout package for investors affected by the...
President Akufo-Addo commission’s $40 million bitumen plant
President Nana Addo Dankwa Akufo-Addo Thursday commissioned a 40-million-dollar bitumen processing plant in Tema.The plant, the biggest bitumen processing terminal in Ghana, is a...
Govt to release GHS1.5 billion securities bailout in three tranches
The government plans to release GHS1.5 billion in three tranches to affected securities investors as part of the 2019 licence revocation.According to the Securities...
Billionaire completes first private spacewalk
A billionaire and an engineer have become the first non-professional crew to perform one of the riskiest manoeuvres in space - a spacewalk.
Jared Isaacman...
Apple has officially discontinued these three iPhones
Apple has introduced four new iPhones at its “It’s Glowtime” event: the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro...
Meretweso community mining scheme launched; 3000 direct jobs created
As government revs up operations to combat the illegal mining menace and protect the country’s water and forest resources, it also continues to create...
Group urges government to ban import of ‘Broni w’awu’
A leading environmental group has called on the Ghanaian government to ban the importation of second hand clothing commonly referred to as "foss," "broni...
This is how SEC will share govt’s GH¢1.5 billion to affected investors
Government has approved the release of GH¢1.5 billion to bail out affected investors of defunct fund management companies, the Securities and Exchange Commission (SEC)...
Akufo-Addo urges Goil and SMB to maintain excellence
President Akufo-Addo has charged Goil PLC of Ghana and Société Multinationale de Bitumes (SMB) of Côte d'Ivoire, the two institutions that partnered to establish...
Ghana’s cocoa crisis deepens, 2024 half-year revenues crash by nearly $700 million
Ghana's cocoa export revenue has taken a devastating hit, plummeting by nearly $700 million in the first half of 2024.The ongoing impact of illegal...
GSE Fixed Income Market ends August 2024 with 236.02% increase in bond trading
The Ghana Stock Exchange’s (GSE) Fixed Income Market closed the month of August 2024 with a traded volume of 17.92 billion, a significant 236.02%...
COCOBOD is financially viable to purchase cocoa beans – Bryan Acheampong assures
Minister for Food and Agriculture, Bryan Acheampong, has firmly rejected claims that the Ghana Cocoa Board (COCOBOD) lacks the funds to purchase cocoa beans...
MobileMoney Limited celebrates 15 years with exciting promotions and big rewards
MobileMoney Limited (MTN MoMo) has introduced an exciting promotion for customers to celebrate its 15th anniversary. The promotion, called ‘Transact & Win’, will provide...
Delta Air Lines appoints Mary Gbobaniyi as Manager Sales – West Africa
Delta Air Lines is pleased to announce the appointment of Mary Gbobaniyi as the new Manager Sales- West Africa, effective immediately.In her new role,...
Gov’t increases producer price of cocoa for 2024/25 crop season
The government has increased the producer price of cocoa by 129.36% for the 2024/25 crop season.By this increment, a 64-kilogramme bag of cocoa has...
There is some uncertainty regarding inflation path for year – BoG
The Bank of Ghana (BoG) has expressed concerns about the uncertainty regarding the inflation path for the rest of the year, given recent exchange...
Government spent GH¢101.21bn in half-year 2024
Total expenditures including arrears clearance and discrepancy for the first half of 2024 was estimated at GH¢101.21 billion, the July 2024 Monetary Policy Report...