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Cedi comes under some pressure; one dollar equals GH¢11.60

For the first time in several weeks, the Ghana cedi depreciated week-on-week against the US dollar and the other major foreign currencies in the...

GRA to further engage OMCs on implementation of new tariff this week

The Ghana Revenue Authority (GRA) is set to begin intensive stakeholder engagement this week with Oil Marketing Companies (OMCs) and other key players in...

GH₵1 fuel levy undermines cedi gains – Abena Osei-Asare

Former Deputy Finance Minister and Atiwa East MP, Abena Osei-Asare, has criticised the newly introduced Energy Sector Levy, arguing that Ghanaians should be enjoying...

T-Bills Auction: Government misses target, secures GH¢5.47bn in bids

The government failed to meet its treasury bill target for the second week in a row. According to auction results released by the Bank of...

Ghana ranks 9th in Africa with highest outstanding loans to China

Ghana is ranked 9th among African countries with the highest outstanding loans to China, according to data compiled by Boston University’s Global Development Policy...

COCOBOD CEO warns indigenous LBCs risk extinction without financial support

The Acting Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has expressed concern over the survival of indigenous Licensed Buying...

“The job was waiting for me”: MTN Ghana CFO shares journey into telecoms

The Chief Finance Officer and Executive Director of MTN Ghana, Antoinette Kwofie, has shared the remarkable and almost mystical series of events that led...

CMC MD Dr. Dogbey builds global partnerships at FCC AGM in London

The Managing Director of the Cocoa Marketing Company (CMC), Dr. Wisdom Kofi Dogbey, is currently in London attending the Council Meeting and Annual General...

BoG ‘losses’ stem from reporting mismatch, not Gold-for-Oil – Gideon Boako ‘educates’ Governor Asiamah

Tano North MP and Deputy Ranking Member of Parliament’s Finance Committee, Dr Gideon Boako, has refuted claims that the Bank of Ghana’s (BoG) 2024...

Dr. Gideon Boako questions basis of BoG’s accounting reporting approach to declare 2024 ‘losses’

Deputy Ranking Member on Parliament’s Finance Committee and Member of Parliament for the Tano North Constituency, Dr Gideon Boako, has criticised the Governor of...

Ato Forson hails outcome of National Economic Dialogue

Finance Minister Dr Cassiel Ato Baah Forson on Wednesday praised the outcome of the National Economic Dialogue, held from March 3 to 4 in...

We will adhere to zero financing of budget – BoG

The Bank of Ghana has promised to adhere to the zero financing of the budget going forward. This follows the signing of a Memorandum between...

Cedi’s sharp appreciation may undermine gains from upcoming cocoa price hike – COCOBOD

Ghana’s cocoa producer price is expected to see a significant upward adjustment in dollar terms ahead of the next crop season. The anticipated increase comes...

COCOBOD in debt, balancing the books will take time – Randy Abbey admits

The Acting CEO of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, says balancing the books at the struggling state institution is a long...

GoldBod issues final warning: No extension beyond June 21 for unlicensed gold traders

The Ghana Gold Board (GoldBod) has issued a warning to individuals trading gold without a valid licence, stating that prosecutions will begin immediately after...

The real reasons behind the Energy Sector Levies Amendment

Years of accumulating debt, under-recovery of costs, and the rising cost of fuel procurement have created a fiscal and operational emergency that threatens the...

Bank of Ghana posts operating loss of GH¢9.49bn in 2024

The Bank of Ghana (BoG) has recorded an operating loss of GH¢9.49 billion for the 2024 financial year, compared to a restated operating loss...

ESLA raised GH¢9bn but power crisis remains – AOMCs CEO

The CEO of the Association of Oil Marketing Companies (AOMCs) has questioned the impact of the Energy Sector Levy Act (ESLA), after Parliament approved...

GH¢1 levy won’t fix a broken system – AOMCs CEO warns

The CEO of the Association of Oil Marketing Companies (AOMCs) says the recently approved GH¢1 energy sector levy on petroleum products will not fix...

Independent Power Generators back GH¢1 Energy Sector Levy

The Independent Power Generators Ghana (IPGG) has welcomed the introduction of the GH¢1 Energy Sector Levy, describing it as a necessary measure to restore...

BoG moves to block remittance leakages to stabilise cedi

As part of measures to stabilise the cedi, the Bank of Ghana (BoG) has initiated plans to tighten controls and block all leakages in...

They’ve brought E-levy Pro Max – Alhassan Tampuli reacts to ‘Dumsor Levy’

Member of Parliament for Gushegu and former Deputy Transport Minister, Alhassan Tampuli, has taken a swipe at the National Democratic Congress (NDC) government over...

E-Levy was a misplaced priority but GH¢1 fuel levy is different – Prof. Bokpin

Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has explained that there is a significant difference between the E-levy and...

GH¢1 fuel levy needed to clear energy debt – Dr Kwabena Donkor

Former Minister for Energy, Dr Kwabena Donkor, has justified the newly introduced GH¢1 fuel levy, arguing that it is a necessary step to help...

Ghana falls sharply to 31st position in Africa for lowest fuel prices

Despite a roughly 9% drop in petroleum product prices, Ghana has slipped 11 places to 31st position in Africa for the lowest fuel prices. According...

Inflation for May 2025 drops sharply to 18.4%

Inflation for the month of May 2025 has dropped significantly to 18.4 percent year-on-year, down from the 21.2 percent recorded in April. The Ghana Statistical...

BoG to introduce Digital Lending Guidelines by August 2025

The Bank of Ghana (BoG) has announced plans to introduce comprehensive Digital Lending Guidelines by August 2025 to tackle rising risks associated with online...

My vision is to see lending rates drop below 10% – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has expressed his determination to see lending rates in Ghana fall to less...

Ghana signs MoU with Jubilee, TEN Fields Partners to extend license to 2040

The Government of Ghana, in partnership with Tullow Oil plc, Kosmos Energy, PetroSA, Ghana National Petroleum Corporation (GNPC), and Explorco, has announced the signing...

1 litre, GH¢1: New fuel levy looms as Finance Minister submits request to Parliament

Finance Minister Dr Cassiel Ato Forson has sparked controversy in Parliament with the introduction of the Energy Sector Levy (Amendment) Bill under a certificate...

Small-Scale gold exports surpass large-scale for first time – GoldBod CEO

For the first time in Ghana’s history, gold exports from the artisanal small-scale mining (ASM) sector have overtaken exports from large-scale producers, marking what...

Finance Minister inaugurates SSNIT Board, warns against politically-motivated asset sales

The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated the new Board of Trustees for the Social Security and National Insurance Trust (SSNIT),...

BoG targets loan defaulters in new regulatory measures

Commercial banks will now be required to disclose blacklisted willful defaulters in their audited financial statements, along with sectoral breakdowns of non-performing loan (NPL)...

Goldbod rakes in $1.17 billion after first full month – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has disclosed that Ghana earned over $1.1 billion in foreign exchange during the first full month of operations...

BoG introduces new rules on interest charges, pricing, and bank recapitalisation

The Bank of Ghana (BoG) has introduced new regulatory measures targeting interest charges on digital platforms, pricing on forex (FX) transactions, Non-Performing Loans (NPLs),...

Fuel prices drop across Ghana as projected – ASEC

Fuel prices across Ghana have started to fall, bringing much-needed relief to consumers and businesses, according to the Africa Sustainability Energy Centre (ASEC). This trend...

GoldBod has sanitised gold export, raked in $2.7 billion – Mahama

President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in...

Gov’t to revamp AirtelTigo – Communications Minister

The Minister for Communications, Digital Technology and Innovation, Samuel Nartey George, has revealed that the government is working on plans to revamp AirtelTigo to...

Fitch projects 2.5% growth in Ghana’s real household spending for 2025

Ghana’s real household spending is expected to grow by 2.5% year-on-year to GH¢129.7 billion in 2025, according to a new forecast by Fitch Solutions....

OMCs cut fuel prices; petrol now selling at GH¢11.77 per litre

Oil Marketing Companies (OMCs) across the country have reduced prices of petroleum products at the pumps in line with earlier projections. The price reductions will...