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MTN Ghana announces 80% completion of nationwide network upgrade

MTN Ghana today announced that it has completed 80% of its planned network upgrade across the country, which commenced in June 2024 and expected...

BoG yet to make any payment to Service Ghana Auto Group

The Bank of Ghana (BoG) says it has not disbursed any payments related to the contentious $34.9 million ambulance spare parts deal yet. This is...

Data prices likely to reduce by end of 2024 – NCA

The National Communication Authority (NCA) has assured the public that data prices will reduce by the last quarter of the year. This announcement follows widespread...

BoG defends continued new head office project amidst ₵10.5 billion Loss

The Bank of Ghana (BoG) has justified its decision to continue the construction of a new head office despite incurring a significant loss of...

Parliament approves first of numerous tax waivers previously blocked by Finance Committee

Parliament has approved the first in a series of tax waivers that had previously been blocked by the Finance Committee. The MP for Obuasi West...

Consumer, business confidence softens, but economic activity surges – BoG

Latest confidence surveys by the Bank of Ghana indicates some softening of consumer and business sentiments. These findings, according to the Bank of Ghana were...

Ghana reserves position remains strong; trade surplus increased to $1.805bn in June 2024

Ghana's gross international reserves position remained strong in the first half of 2024. According to the Bank of Ghana, the stock of Gross International Reserves...

Electrochem, Ada impasse: Committee condemns lawless activities against project

The Committee on Mines and Energy, and Lands and Forestry having thoroughly considered the submissions from all the stakeholders on the operations of Electrochem...

Cedi depreciates 19.5% against dollar as of July 2024 – BoG

The Ghana cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of...

Herbert Krapa commissions largest rooftop solar in Africa

The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s single largest rooftop photovoltaic solar plant that produces 16.8 megawatts...

Government revises economic targets upwards for 2024

Government has revised the 2024 macroeconomic framework due to recent domestic and global economic developments, including the debt restructuring programme with external and domestic...

Government misses revenue target by 1.9% in first half of 2024

Finance Minister Dr Mohammed Amin Adam has disclosed that total revenue and grants for the first half of 2024 amounted to GH¢74.7 billion, below...

ECG suffers GH¢10.21bn loss in 2022

The Electricity Company of Ghana (ECG) suffered a GH¢10.21 billion loss in 2022, worse than the GH¢1.91 billion recorded in 2021. It represents more than...

High NPLs due to public sector workers absconding abroad – GHASALC

The Ghana Association of Savings and Loans Companies (GHASALC) has attributed the consistent increase in Non-Performing Loans (NPL) to public sector workers who take...

TOR, Sentuo can have deeper partnership – Herbert Krapa

The Minister of State at the Ministry of Energy, Herbert Krapa, has emphasised the need for a deeper partnership between the Tema Oil Refinery...

Ghana’s cocoa production to tumble below 500,000 metric tonnes this season – World Bank

Cocoa production will not exceed 500,000 metric tonnes in the 2023/2024 crop season due to the swollen-shoot disease, the World Bank has disclosed in...

Fitch Solutions maintains Ghana’s growth rate forecast for 2024 at 4.3%

Fitch Solutions has maintained its 2024 growth rate forecast for Ghana at 4.3%. This is far higher than the 2.9% projected by the International Monetary...

COVID-19 vaccines not for free – Finance Ministry justifies Covid levy imposition

The Minister of State at the Finance Ministry, Abena Osei Asare, has argued that the government will continue collecting the COVID-19 recovery levy to...

Ghana’s oil revenue increases to US$840m in first half of 2024

Ghana's oil revenue surged to $840 million in the first half of 2024, marking a 36% increase from the $540 million recorded in the...

It’s good government didn’t ask for more in budget review – Theo Acheampong

Economist and Political Risk Analyst, Dr Theo Acheampong has said it was good the government did not request additional funds in the supplementary mid-year...

Mid-year budget review: Stephen Amoah responds to Ato Forson’s criticism of Finance Ministry’s policies 

Deputy Minister of Finance Dr Stephen Amoah has responded to Minority Leader Dr. Cassiel Ato Forson, who claimed that the Ministry lacked new ideas...

We want to see a stable cedi – GUTA President

The President of the Ghana Union of Traders' Associations (GUTA), Dr Joseph Obeng has said the association's primary concern is the stability of the...

GPHA dismisses ex-casual workers compensation claims

The Ghana Ports and Harbours Authority (GPHA) has stated that a group of former casual workers threatening a demonstration over alleged unpaid severance compensation...

MIIF targets 1000 Women in Engineering and STEM with mining scholarships

The Minerals Income and Investment Fund (MIIF) has launched a scholarship scheme aimed at educating 1000- women from mining communities in the country. The scholarship...

IMF programme has compelled government to reduce expenditure – Theo Acheampong

Economist Dr. Theo Acheampong acknowledges government's clear commitment in the Mid-year budget review to cut spending, influenced by the International Monetary Fund (IMF) programme. “Were...

Ghanaian banks warned of cybercrime risk resulting from fake CrowdStrike update

The Africa Centre for Digital Transformation (ACDT) has issued a warning to banks in Ghana about potential cybercrime threats following a global software failure. The...

We will revive Tema Oil Refinery — Herbert Krapa assures

Plans are far afoot for the Tema Oil Refinery (TOR) to secure a strategic partner within the next 90 days to commence full operations. To...

You did nothing to reverse negative trend; scrap the taxes – Ato Forson to government

Minority Leader, Dr. Cassiel Ato Forson, expressed dissatisfaction with the state of the economy as presented by Finance Minister, Dr. Mohammed Amin Adam during...

GH¢9.9billion spent on implementation of Free SHS Policy since 2017 – Finance minister

The Minister for Finance, Dr. Mohammed Amin Adam, has announced that the government has spent GH¢9.9 billion on the Free Senior High School (SHS)...

Ghana’s public debt hits GH¢742bn from GH₵658.6bn – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam, has revealed that as of June this year, the provisional total debt of the central government amounted...

We’re living within our means – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has assured Ghanaians that the government is adhering to its budgetary limits. During the presentation of the mid-year budget...

Mid year budget review: Government is bereft of ideas – Minority Leader [Video]

Minority Leader, Dr. Cassiel Ato Forson has criticized the Akufo-Addo administration, claiming it lacks the necessary ideas to manage the economy effectively. He believes the...

Government revises some key macro targets in Mid-Year Budget

Government has announced some key revisions to the country’s macroeconomic fiscal targets for 2024. Presenting the Mid-year Budget in parliament on July 23, 2024, Finance...

Mid-year Budget Review: Government disburses GH¢5.4bn to boost LEAP, School Feeding, and NHIS programs

Government has allocated GH¢5.4 billion to bolster the Livelihood Empowerment Against Poverty (LEAP) program, the National Health Insurance Scheme (NHIS), and the school feeding...

We’re not seeking supplementary funds in this mid-year review – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam stated that the government is not seeking additional funds in the 2024 mid-year budget review. He said the government...

13 vehicle assembly plants established, 4,700 vehicles produced locally – Finance Minister

The Finance Minister, Dr. Mohammed Amin Adam, says that guided by the Strategic Anchor Industries (SAIs) framework, some 13 vehicle assembly plants have been...

Mid-Year Budget: I empathise with Ghanaians over challenging economy – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam has expressed his sympathy for Ghanaians amid the ongoing economic challenges. He noted that, the past two years...

GRA exceeded mid-year target by 0.2% – Finance Minister

The Ghana Revenue Authority (GRA) has surpassed its mid-year revenue target by 0.2% this year. The Finance Minister, Dr. Mohammed Amin Adam, announced this during...

Mid-Year Budget: DDEP – Good news for bondholders [Video]

The Finance Minister, Dr. Mohammed Amin Adam, has reported progress in paying investors following the completion of the Domestic Debt Exchange Programme (DDEP) in...

Full Text: 2024 Mid-Year fiscal policy of Government of Ghana

2024 MID-YEAR FISCAL POLICY REVIEW 1. The Right Honourable Speaker, Honourable Members of Parliament, on the authority of His Excellency, President Nana Addo Dankwa Akufo-Addo, I...