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Ghana ranks 8th in Africa for economic stability and investment climate – RMB Report 2024

Ghana has been ranked in the 8th for economic stability and investment climate in Africa, according to the 2024 “Where to Invest in Africa”...

Light fishing persists after observing closed season

The use of light for fishing is part of illegal, unregulated, and unreported fishing practices prohibited under Ghana's laws. Section 11 of the Fisheries Regulations...

Inflation continues downward trend, reaches 20.9% in July

Ghana's consumer inflation has continued to decline, reaching 20.9% year-on-year in July, marking the fourth straight month of reduction. This represents a 2.1 percentage point...

Excessive tax exemptions eroding Ghana’s revenue potential – World Bank

The World Bank has expressed concern about the significant impact of tax exemptions on Ghana's revenue generation capabilities. The institution noted that, Ghana's tax system...

Deloitte commends govt’s decision to maintain tax levels

The government’s decision to maintain current tax levels in the Mid-Year Budget Review offers some relief to businesses and individuals, according to Deloitte Ghana’s...

ECG disconnects Kejetia Market again over GH¢7m debt

The Kumasi City Market, commonly known as the New Kejetia Market, has been disconnected from the national grid by the Electricity Company of Ghana...

Cocoa farmers kick against pension scheme modalities

Members of the Assinman Co-operative Cocoa Farmers and Marketing Limited have expressed strong opposition to the current modalities of the Cocoa Farmers Pension Scheme,...

Tax treatment of retirement funds in Ghana among most generous – World Bank

The tax treatment of retirement funds in Ghana is among the most generous in the world, depriving the government of significant revenues, the World...

Bond market: Total turnover dropped by 41.77% to GH¢881m

Trading volumes in the Ghanaian secondary bond market decreased by 41.77% to GH¢881 million in the week under review. This is compared to GH¢1.5 billion...

Upper East regional staff of NPA honours Dr Abdul-Hamid for his leadership

The staff of the Upper East regional office of the National Petroleum Authority (NPA) has honoured the Chief Executive Officer, Dr Mustapha Abdul-Hamid, for...

International Youth Day: Agri-Impact Limited CEO calls for increased investment in the youth

The Chief Executive Officer of the multinational agribusiness firm, Agri-Impact Limited, Daniel Fahene Acquaye, has called for increased investment in the youth of Ghana...

Cedi continues relative stability; one dollar going for GH¢15.87

The Ghana cedi remained relatively stable for the most part of last week, buoyed by a $10 million Bank of Ghana’s spot market support. However,...

Gold for Oil policy still on track – BoG

The Bank of Ghana (BoG) has affirmed that the government's Gold for Oil policy is progressing as planned. This initiative was introduced to address Ghana's...

Gold Fields to buy Canadian miner Osisko in $1.57bn cash deal

Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after a rival offer scuppered...

Mahama pledges alternatives to controversial betting tax

Former President, John Mahama has pledged to explore alternatives to the contentious betting tax as part of his campaign strategy for the upcoming elections. Addressing...

eTranzact Ghana appoints Rev. Prof. Paul Frimpong-Manso as Board Chair

eTranzact Ghana Limited, a leading provider of innovative payment technology solutions, has announced the appointment of Rev. Prof. Paul Frimpong-Manso as its new Board...

COCOBOD sets record straight on loan default 

The Ghana Cocoa Board (COCOBOD) has addressed inaccuracies regarding the repayment of a GH¢1.99 billion cocoa bill arranged between 2010 and 2013. In a statement,...

T-bills: Govt misses target for 5th consecutive week

The government has once again missed its target for the sale of short-term instruments to domestic investors, falling short by approximately GH¢1,257.90 million. According to...

Jamestown fishermen demand inclusion in $60m Harbor project

Fishermen in Jamestown have expressed urgent concerns about their exclusion in the soon-to-be-commissioned fishing harbour. Despite government assurances that they will be included in the...

COCOBOD invests ¢943m in cocoa rehabilitation, confident of producing 800k tons next year

The Ghana Cocoa Board (COCOBOD) has invested almost a billion cedis last year to rehabilitate aged cocoa farms and those ravaged by swollen shoot...

MASLOC honoured for championing business sustainability, CEO wins the ultimate woman of the year

In an evening of glitz, celebration and recognition at the fourth edition of the National Business Honours 2024 held at the Marriott Hotel in...

Eni Ghana workers suspect foul play in the unitisation of Afina project

Hundreds of workers of Eni Ghana Exploration and Production Ltd have expressed disquiet over the seeming foul play in the unitisation of the Afina discovery...

Ghana to rely on T-bills, multilateral and bilateral lenders for financing until 2027

Due to a lack of access to the international market, the government’s financing during 2024-2026 is expected to be limited to multilateral and bilateral...

LPG marketing companies halt business with Quantum and Blue Ocean depots in Tema

The Liquefied Petroleum Gas Marketing Companies (LPGMCs) have officially notified the Gas Tanker Drivers Association of their immediate decision to cease business relations with...

Government to borrow GH¢78bn via T-bills in quarter 3, 2024

The government plans to borrow GH¢78.441 billion from the money market in the third quarter of 2024. Out of that, GH¢53.807 billion will be used...

Continued investment key to sustaining hospitality gains in Ghana – Yusuf Olela

The Group General Manager of Alisa Hotels, Yusuf Olela has underscored the need for a continuous investment in hospitality to bolster the industry and...

Implementation of cocoa farmers’ pension scheme deductions takes off in 3 districts

The Ghana Cocoa Board (COCOBOD) has begun a pilot program for deducting cocoa farmers' contributions to the Cocoa Farmers Pension Scheme. The pilot program has...

Banks demand publication of businesses sanctioned by BoG for issuing dud cheques

The Ghana Association of Banks (GAB) is demanding the publication of all businesses and individuals sanctioned by the Bank of Ghana (BoG) over the...

Ministry of Finance announces measures to address debt crisis and reduce borrowing

The Ministry of Finance, following the recent domestic debt restructuring and ongoing negotiations with international creditors, has implemented strategies to stabilise the economy. Deputy Minister...

Business has been slow after BoG directive to check Ghana Card – Forex Bureaux Association

The Ghana Association of Forex Bureaux says their operations have slowed down in recent times after the Bank of Ghana (BoG) gave a directive...

Bawumia proposes anchoring Cedi to Gold for long-term stability

Vice President, Dr Mahamudu Bawumia has unveiled plans to stabilize the cedi by anchoring its value to gold, a move aimed at mitigating currency...

Bawumia asks stakeholders to explore innovative solutions to bridge road financing gap

Vice President, Mahamudu Bawumia has tasked stakeholders in the road infrastructure provision industry to critically evaluate the opportunities in the financing models for funding...

Probe into PBC’s finances long overdue – Former worker 

A former worker of PBC Limited, Frederick Ackon has endorsed workers call for a probe into the company's financial management. The workers have called on...

New Shippers’ Authority law set to transform Ghana’s shipping industry – CEO affirms

At a pivotal stakeholder meeting held at the Ghana Shippers’ Authority (GSA) headquarters on Friday, August 2, 2024, GSA CEO Kwesi Baffour Sarpong underscored...

Some manufacturing companies responsible for exchange rate volatilities – Finance Minister

The Minister of Finance, Dr Mohammed Amin Adam has expressed worry about the conduct of some local manufacturing companies. He accused them of engaging in...

Bawumia moves to fulfil dream of gold value addition

The Vice President, Dr Mahamudu Bawumia, has noted that the establishment of a refinery in Ghana is a strategic investment which contributes immensely to...

GRA grants amnesty to users of uncustomed vehicles

The Customs Division of the Ghana Revenue Authority (GRA) has granted a two-month amnesty period for users of uncustomed vehicles. The amnesty which took effect...

SSNIT has made positive strides in recent years – Osafo-Maafo

The Director General of the Social Security and National Insurance Trust (SSNIT), Kofi Bosompem Osafo-Maafo, has highlighted the significant progress made by the management...

Stable macroconomic environment to boost GSE growth in second-half of 2024

Stocks are expected to continue to perform well on the Ghana Stock Exchange (GSE) going into the second half of 2024. While non-financial stocks have...

Current PBC management knows nothing about cocoa industry – Former worker

A former staff of PBC Limited, formerly called Produce Buying Company, Frederick Ackon has blamed management for the predicament of PBC. Acknowledging that every new...