IMF commends BoG for rebuilding Ghana’s International Reserves
The International Monetary Fund (IMF) has commended the Bank of Ghana (BoG) on its dollar accumulation programme aimed at rebuilding the international reserves of...
GACL apopologises for disruption in check-in systems at KIA
The Ghana Airports Company Limited (GACL) has apologized for the disruption in the check-in systems at Terminal 3 of Kotoka International Airport on Tuesday,...
Macroeconomic outlook remains positive but downside risks persist – IMF
Ghana’s macroeconomic outlook remains positive but subject to significant downside risks, the International Monetary Fund has revealed in its Second Review of Ghana’s Extended...
IMF maintains global growth forecast at 3.2% for 2024
Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2% in 2024 and 3.3% in...
We’ve exceeded target of onboarding 600 large companies on E-VAT platform – GRA
The Ghana Revenue Authority (GRA) has announced that it has exceeded its target of signing on 600 large companies on its Electronic (E)-VAT platform...
Ghana cocoa output is half of average with harvest almost complete
Ghana cocoa production reached 429,323 metric tons - or less than 55% of the average seasonal output - as harvesting neared completion at the...
Restructured debt helps Cocobod post $149.8m profit – Auditor General’s report
Ghana's cocoa marketing board (Cocobod) made a GH¢2.3 billion ($149.84 million) profit in 2022/23, helped by the restructuring of its debt, the Auditor General...
Tullow partners with 12 banks to boost funding for local suppliers
Tullow has reached an agreement with 12 financial institutions in the country to facilitate access to finance for its local supplier community in Ghana.Given...
GTBank set to hold 3rd annual autism workshop and consultations
Guaranty Trust Bank (Ghana) Ltd, a subsidiary of Guaranty Trust Holding Company Plc (GTCO), is set to hold the 2024 Autism Workshop and Consultations...
JoyNews Ecobank Habitat Fair significantly boosted sales – Stakeholders
The annual JoyNews Ecobank Habitat Fair has become a vital event for stakeholders in the housing and construction industry to showcase their products and...
Attempts by SSNIT to sell ailing hotels was a lazy approach – TUC
Director of Policy and Research at the Trades Union Congress (TUC), Dr. Kwabena Nyarko Otoo, has criticized the Social Security and National Insurance Trust...
Bond market: Total turnover surged sharply by 191% to GH¢1.54bn
Total market turnover surged sharply by 191% week-on-week to GH¢1.54 billion last week buoyed by repo exchanges.The short-to-medium term maturities accounted for 59.77% and...
Fuel price increase: petrol now at ₵15.10, diesel going for ₵15.25 a litre
Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps.Shell has taken the lead, selling at litre of petrol...
Abraham Koomson advocates for continued oversight in SSNIT management
The General Secretary of the Ghana Federation of Labour (GFL), Abraham Koomson has pledged continued vigilance and advocacy following the cancellation of the controversial...
Cedi to recoup some losses in coming days; one dollar equals GH¢15.65
The Ghana cedi will recoup some losses in the coming days following an improved performance against the US dollar last week.The local unit gained...
Abraham Koomson backs calls for SSNIT Director General’s resignation
General Secretary of the Ghana Federation of Labour (GFL), Abraham Koomson, has supported calls demanding the resignation of the Director General of the Social...
Cedi to make some recovery against dollar in coming months; to regain 9% loss
The Ghana cedi is expected to recoup some losses against the dollar in the coming months, Fitch Solutions has revealed.According to the London-based firm,...
Government shouldn’t be appointing SSNIT Board chair – Austin Gamey
Labour expert Austin Gamey has called for an amendment of the law to limit the powers of the government or the presidency and its...
Brace for 4% surge in fuel prices starting July 16 – COPEC
The Chamber of Petroleum Consumers (COPEC) has forecasted a 4% hike in petroleum product prices effective Tuesday, July 16, 2024.COPEC reports that retail prices...
SSNIT terminates sale of 60% stake in hotels
The Social Security and National Insurance Trust (SSNIT) has halted its intended sale of a 60% stake in four of its hotels to a...
Unilever to slash a third of European workforce
Unilever plans to cut a third of its office-based roles in Europe by the end of 2025, the consumer goods giant has said.
It comes...
Publish our bid documents for public scrutiny – Rock City Hotel to SSNIT after withdrawing bid
Rock City Hotel has asked SSNIT, in the interest of accountability and transparency, to publish all of its bid documents for public scrutiny in...
Loans ranked 1st as highest customer complaint – BoG
The highest complaint type received by the Bank of Ghana in 2023 was loans.According to the 2023 Complaints Management Report, the Central Bank recorded...
Withdraw LI on cement pricing for further engagement – Dr. Oteng Gyasi
The Chairman of manufacturing firm, Tropical Cables and Conductors Ltd, Dr. Tony Oteng–Gyasi is pushing for the withdrawal of the Legislative Instrument (LI) on...
Near-term outlook of inflation uncertain – Report
The near-term inflation outlook is uncertain despite the disinflation trend, GCB Capital has disclosed.It pointed out that while it expects the disinflation trend to...
Ghana’s economic reforms show progress – IMF
The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of...
I’m surprised at NPRA’s clearance for SSNIT hotels’ sale – Abraham Koomson
The General Secretary of the Ghana Federation of Labour of the Trade Union Congress (TUC), Abraham Koomson, has expressed his disbelief over the National...
Illegal SIM card business booms – Vendors, fraudsters main culprits
An underground economy centred around the illicit sale and use of pre-registered Subscriber Identity Module (SIM) cards is gradually expanding across the country.Checks by...
Persons implicated in financial sector cleanup not fit to hold positions – BoG
The Bank of Ghana has indicated that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of...
Atlantic Lithium suspends work at Ewoyaa project following fatal accident
Atlantic Lithium has suspended operations at its Ewoyaa lithium project in the Central Region following a fatal accident earlier this week.The Australian company has...
Wood shortage looms as 75 out of 100 local timber manufacturing companies collapse
Ghana is at risk of spending millions of cedis on timber imports as 75 out of 100 local timber manufacturing companies have collapsed due...
SIAT Group consolidates edible oil subsidiaries under Presco PLC in new expansion strategy
Leading agro-industrial group, SIAT Group (Societe d’Investissement pour l’Agriculture Tropicale NV), has announced the consolidation of its edible oil businesses in Nigeria and Ghana...
L.I on cement pricing will not hurt manufacturers – Government
The Government has challenged claims that the new Legislative Instrument (LI) on cement pricing is anti-business and will hurt manufacturing firms in Ghana.The Government...
BoG to auction $120m to BDCs in quarter 3, 2024
The Bank of Ghana would auction $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2024.This will be same as...
Forward sales strategy of cocoa beans aimed at reducing price risks – COCOBOD
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) Joseph Boahen Aidoo has explained that, the forward sales strategy of cocoa beans is...
Newmont warns public against fraudulent recruitment schemes
Newmont Corporation's Africa Business Unit has warned the public about fraudulent recruitment schemes targeting job seekers with non-existent employment opportunities within its operations in...
Fish from Ghana to face EU ban due to illegal fishing methods
A Senior Lecturer at the Department of Marine and Fisheries Science at the University of Ghana, Dr. Angela Lamptey has cautioned that Ghana could...
Introducing new taxes in Mid-year Budget Review will kill private businesses -Prof. Quartey warns
Economist, and Director of the Institute of Statistical Social and Economic Research (ISSER), Prof. Peter Quartey has cautioned that introducing new taxes in the...
Cedi continues stability against dollar; One dollar goes for GH¢15.95
The Ghana cedi is expected to remain stable against the US dollar this week as foreign exchange (FX) liquidity improves and demand slows.This follows...
Sachet and packaged water producers demand suspension of 5% Excise tax
The National Association of Sachet and Packaged Water producer (NASPAWAP) is calling on the government to suspend, indefinitely, the imposition of 5% Excise tax...