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Increase ¢1.5bn bailout – Aggrieved Gold Coast Fund customers appeals to govt

Customers of the Aggrieved Customers of defunct Gold Coast Fund Management (ACGCFM) have lauded the steps initiated by the government to pay victims of...

Bill to regulate cement prices will be passed before Parliament adjourns – Trade Minister

Trades and Industry Minister, KT Hammond, says he will disregard the Chamber of Cement Manufacturers petition to delay the implementation of a legislative instrument...

Ghana places 2nd in remittances to Africa in 2023

Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report. The country recorded $4.6 billion...

Plastic manufacturers threaten to shut down

The Ghana Plastic Manufacturers Association has threatened to shut down production over the imposition of a 5% excise tax on locally produced plastic products. At...

I didn’t have to consult cement manufacturers to get L.I through – K.T. Hammond

The Trade Minister has dismissed calls by cement manufacturers for stakeholder discussions before the proposed legislative instrument aimed at regulating cement prices is placed...

Bank of Ghana increases maximum advance payment for imports to $200,000

The Bank of Ghana (BoG) has announced an amendment to the rules governing Advance Payments for imports, increasing the maximum amount permitted from $50,000...

Cement manufacturers called my bluff over pricing concerns – Trade Minister

Trade Minister Kobina Tahir Hammond revealed that the Cement Manufacturers Association of Ghana (CMAG) dismissed his directive regarding cement pricing. In an interview with Evans...

Cement manufacturers could face 3 years in jail per proposed L.I

Manufacturers of cement products could be liable to up to three years in jail if they flout certain provisions of the Legislative Instrument (L.I.)...

Trade Minister justifies L.I. regulating cement prices

Trade and Industry Minister Kobina Tahir (K.T.) Hammond has justified plans to introduce the controversial Legislative Instrument (L.I.) seeking to regulate cement prices in...

Debt Restructuring: Nothing will change; next 10 years will be rough – Ken Thompson

Kenneth Kwamina Thompson, the CEO of Dalex Finance, warns that Ghanaians should brace themselves for tough economic times over the next decade. Speaking to Evans...

Finance Minister urges bondholders to accept terms reached in restructuring $13.1bn debt

The Finance Minister, Dr. Mohammed Amin Adam has asked bondholders to accept the terms reached on restructuring some $13.1 billion owed Eurobond holders. According to...

Tema and Takoradi ports drop in CPPI report for 2023

In the latest Container Port Performance Index (CPPI) for 2023, Ghana’s primary ports, Tema and Takoradi, have shown troubling standings. Tema Port is ranked 376th...

Ghana Shippers’ Authority CEO engages top shippers

The CEO of the Ghana Shippers' Authority (GSA), Kwesi Baffour Sarpong has engaged top shippers in the Southern Zone to discuss costs and conditions...

End of debt restructuring: Government cautioned to be mindful of immediately returning to capital market

Even though Ghana could soon have access to the international capital markets for new dollar borrowings, some observers have cautioned government to be mindful...

Cement manufacturers petition Parliament over proposed price regulation

The Chamber of Cement Manufacturers, Ghana (COCMAG) has expressed grave concern over a proposed Legislative Instrument (LI) seeking to regulate cement prices, submitted to...

Cement Prices: Manufacturers present petition to Parliament rejecting proposed L.I

The Chamber of Cement Manufacturers has presented a petition to parliament registering their outright rejection of the proposed Legislative Instrument seeking to regulate cement...

Brazil’s Supreme Court decriminalizes marijuana possession for personal use

Brazil’s Supreme Court decided on Tuesday to decriminalize the possession of marijuana for personal use, by majority vote, undermining the already tense relationship with...

We don’t need L.I. to regulate price – Cement manufacturers tell K.T. Hammond

The Executive Secretary of the Cement Manufacturers Association of Ghana (CMAG) is taken aback by the move by the Trade Ministry to introduce a...

Minority blocks laying of L.I. to regulating cement pricing

The Minority in Parliament has blocked the laying of a legislative instrument from the Trade and Industry Ministry aimed at regulating the pricing of...

We’re treading a dangerous path – Dr. Atuahene warns government

Banking consultant, Dr. Richmond Atuahene, has warned the government against completing the external debt restructuring agreement with its official creditors. Reviewing whether the deal is...

Ghana will keep importing food if… – Agriculture Economist

An Agriculture Economist, Professor Irene Egyir, has called for a strategic reorganisation of Ghana's farming practices to enhance productivity and reduce dependency on food...

I will actively promote export and reduce import – Alan Kyerematen

The leader of the Alliance for Revolutionary Change (ARC), Alan Kwadwo Kyerematen has announced plans to actively promote exports and reduce imports in Ghana. He...

Cedi depreciation slows down but pressures still persist ; one dollar equals GH¢15.75

The depreciation of the Ghana cedi to the US dollar slowed down last week as it lost 0.96% in value to the American green...

Churches in Israel to pay tax, leaders bemoan “coordinated attack” on Christians

Leaders of major churches have accused Israeli authorities of launching a “coordinated attack” on the Christian presence in the Holy Land by initiating tax...

iPhone 16 leak just revealed details on all four new iPhones

This week, we got another early look at the design of this year's upcoming iPhones that showed off a revamped camera layout, two Pro exclusives headed...

Finance Minister’s figures don’t tally If you check very well – Williams Peprah

Associate Professor of Finance at Andrews University, Williams Kwasi Peprah, says the $2 billion savings the Finance Minister claimed the country would achieve through...

You’re celebrating bankruptcy status – Adongo to Finance Minister

Ranking member on Parliament's Finance Committee has criticised the Finance Minister, Dr. Mohammed Amin Adam for claiming that the current government has outperformed the...

T-bills: Government records marginal oversubscription; yields on 182-day and 364-day bills dip

The government registered a marginal oversubscription of treasury bills auction to the tune of GH¢3.60 billion. According to the auction results by the Bank Ghana,...

BoG permits banks with stronger capital positions to pay interim dividend

Banks that made significant progress in their recapitalization plans have been permitted by the Bank of Ghana to distribute interim dividends, the Governor of...

GRA to ramp up enforcement of bonds/security issuance in Excise Duty compliance requirements

The Head of the Excise Unit of the Ghana Revenue Authority (GRA), Kwabena Apau Awua Anto, has revealed that the GRA will soon rigorously...

Ghana begins Over-The-Counter Market trading on the GSE

The Ghana Stock Exchange (GSE) has launched the Over-The-Counter Market trading targeted at rural banks and small and medium enterprises. The move is a significant...

4G to remain primary source of mobile phone connectivity by 2033 despite emergence of 5G – Fitch Solutions

4G platforms will remain the primary source of connectivity in Ghana by 2033, owing to greater smartphone affordability. This is despite the emergence of the...

GRA directs SML to resume monitoring operations in Downstream Petroleum sector

The Ghana Revenue Authority (GRA) has directed the Strategic Mobilisation Limited (SML) to resume its monitoring operations of the Downstream Petroleum sector. A statement issued...

Government, bondholders reach agreement in principle to restructure $13bn debt, sources say

Ghana has reached an agreement in principle with its bondholders for the restructuring of $13 billion worth of international debt, three sources told Reuters...

GRA to go after public institutions, other firms over tax payment arrears

The Ghana Revenue Authority (GRA) has announced that it will in the coming days embark on a debt collection exercise to help recover all...

Ghana must strategically position industries to harness global economic opportunities – Prof. Agyapong

A Professor of Strategic Management has stressed the need for Ghana to strengthen its industrial development agenda to position industries as strategic tools needed...

Stop Asians invading retail market – GUTA to govt

The Ghana Union of Traders’ Association (GUTA) is calling on authorities to be bold and clamp down on foreigners operating in the retail space. According...

Producer Price Inflation hits 23.6%

The year-on-year inflation rate at ex-factory prices for all goods and services was 23.6% in May 2024. This was far higher than the 16.8% recorded...

77% of Ghanaians report stress on livelihood due to rising cost of living

Seventy-seven percent of Ghanaians are reporting a significant stress on their livelihood due to the rising costs of living, the impact on their daily...

We remain fully committed to our supervisory role to foster trust and confidence – BoG

The Bank of Ghana has reiterated that it remains fully committed to its supervisory role and will ensure that all financial institutions adhere to...