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Locked-up investment bondholders’ forum picket at Finance Ministry for 3rd consecutive week

Today, the Locked-Up Investment Bondholders’ Forum picketed the Finance Ministry for the third consecutive week. This demonstration is aimed at demanding the release of their...

Government has strayed from its policy on aid – Prof Bokpin

A professor of finance and economics at the University of Ghana Business School (UGBS), Prof Godfred Bokpin, has said Ghana has deviated from its...

Help solve Ghana’s economic woes – Kofi Amoabeng to business executives

Former Chief Executive Officer of the defunct UT Bank has appealed to business executives to sacrifice their comfort and help create solutions to address...

Gov’t must raise more revenue domestically without necessarily increasing taxes – Prof Quartey

As the conversation about building a ‘Ghana Beyond Aid’ resurfaces, the Director of the Institute of Statistical, Social, and Economic Research (ISSER), Professor Peter...

Economy grows 4.7% first quarter

Ghana's economy grew by 4.7 per cent year-on-year in the first quarter of this year, compared to the 3.8 per cent recorded in the...

Cedi troubles continue, depreciates 21% to dollar as one dollar goes for GH¢15.70

The Ghana cedi lost 3.88% in value to the US dollar last week on the spot market increasing its year-to-date depreciation to 21.20%. This follows...

Ghana must cease relying on external aid – Lord Boateng

Member of the House of Lords in the United Kingdom, Lord Paul Boateng says it is time Ghana moves away from reliance on foreign...

Ghana’s economy expands by 4.7 percent in 2024 quarter 1

The Ghana Statistical Service (GSS) has announced that the country’s gross domestic product (GDP) is estimated to have increased by 4.7 percent in the...

IMF sets date for Board to consider Ghana’s second programme review

The International Monetary Fund (IMF) has set June 28, 2024 for its Board Meeting to consider Ghana’s second programme review and possibly approve $360...

MISYL marks 10th anniversary with commitment to growth and sustainability

As MISYL Energy celebrates its tenth anniversary, the narrative is one of perseverance, strategic partnerships, and a steadfast commitment to community and staff welfare. The...

Galamsey, smuggling and bad weather slash Ghana’s cocoa revenue by $500m

Illegal mining activities, unfavourable weather conditions, the swollen shoot virus disease, and rampant smuggling have caused a significant shortfall in Ghana's cocoa revenue for...

Gov’t should not be involved in buying fuel – Ben Boakye

The Executive Director of the African Centre for Energy Policy, Ben Boakye, has advised the government to allow private individuals to handle fuel purchases. According...

Fuel prices to go up marginally from June 16, 2024 – IES

The prices of petroleum products are expected to go up marginally in the second half of June 2024, the Institute for Energy Security has...

PFJ not impacting farmers due to lack of targeted credit schemes – TWN

A report by the Third World Network (TWN) -Africa on the impact of the Planting for Food and Jobs (PFJ) and One District One...

Zenith Bank donates laptops, computers to KNUST, Ho Technical University

Zenith Bank (Ghana) Ltd has donated 20 laptops to the Kwame Nkrumah University of Science and Technology (KNUST) and 10 desktop computers to the...

Ghana to receive $2bn loan from Korea to enhance economic growth

A Deputy Finance Minister, Stephen Amoah has revealed that Ghana is expecting a US$2 billion concessionary loan from South Korea aimed at supporting the...

Government remains committed to fiscal discipline – Abena Osei Asare

The Minister of State at the Finance Ministry Abena Osei Asare has assured that government remains committed to fiscal prudence and discipline with its...

No economy can grow without embracing digitalisation – ECOWAS Resident Representative

ECOWAS Resident Representative in Ghana, Baba Gana Waki has underscored the critical role of digitalisation in the economic growth of member states. He said in...

COCOBOD CEO sets record straight on successes and challenges in Ghana’s cocoa sector [Listen]

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has set the record straight about the challenges and achievements during...

Attempts to introduce new taxes problematic – Lecturer

A lecturer of Finance and Economics at the University of Ghana, Dr Patrick Asuming, has advised the government to focus on improving the economy...

Facebook, Youtube, online trading companies must be taxed – Deputy Finance Minister

Deputy Finance Minister, Dr Alex Ampaabeng has advocated for the taxation of online trading companies to boost Ghana's economy. He emphasized that both local and...

Rising food prices: Minority questions impact of Planting for Food and Jobs

The Minority caucus in Parliament has expressed concern about rising food prices in the country, calling into question the effectiveness and impact of the...

We are very confident our second review will be approved by IMF – Dr Amin Adam

The Finance Minister Dr. Mohammed Amin Adam is hopeful the International Monetary Fund (IMF) will approve the third tranche funding support of $360 million...

Nation wreckers smuggling Ghana cocoa and selling to Russians in neighbouring countries – Cocobod CEO

Ghana Cocobod CEO Joseph Boahen Aidoo, has revealed a decrease in cocoa production in the first quarter of 2024 compared to last year, resulting...

Farmers are rising against galamsey – Cocobod CEO

The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahene Aidoo, has highlighted that farmers are increasingly opposing galamsey because they see...

May 2024 inflation declines marginally to 23.1%

Inflation for May 2024 declined marginally to 23.1% from the 25.0% recorded in April 2024. According to the Ghana Statistical Service, food inflation recorded a...

We made GH₵2bn profit in 2022/2023 – Cocobod CEO reveals

The Chief Executive Officer of Cocoa Board (Cocobod), Joseph Boahen Aidoo, has revealed that his outfit has made a significant profit of over GH₵2...

There was no money when I assumed office in 2017 – Cocobod CEO

The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has said he faced significant financial challenges when he assumed office in...

Exclusive: Ghana to delay more cocoa deliveries as supply crisis worsens

The world’s second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to...

Cedi remains weak as cocoa export revenue drops by more than $500 million

Galamsey, climate issues, diseases, and smuggling activities compelled export revenue of cocoa to fall by more than $500 million in the first quarter of...

Ghana’s inflation to end 2024 at 20.9%, narrow to 11.1% in 2025 – AfDB

Ghana’s inflation is expected to end 2024 at 20.9%, the African Development Bank has revealed in its updated 2024 African Economic Outlook. This is higher...

Bond market: Turnover tumbled by 88.05%to GH¢18.51m

The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week. The market turnover declined sharply by 88.05%...

Cedi depreciation slows down due to reduced foreign exchange demand; one dollar equals GH¢14.92

The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand. The...

Future of Ghana’s power sector bleak – ACEP warns

The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, has expressed concerns about the future security of Ghana’s power sector. Speaking...

T-bills: Government records 19.47% oversubscription; interest rates remain stable

The government saw a 19.4% oversubscription in its treasury bills auction, signalling a resurgence in demand for short-term instruments. According to the Bank of Ghana's...

Ghana, Mozambique to record joint fastest growth rate in furniture spending in SSA – Fitch Solutions

Ghana and Mozambique will record the joint fastest growth rate in furniture spending over the medium term, with the respective markets forecast to grow...

Cedi to end 2024 at GH¢15.91 to a dollar – Report

Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$. This, it said,...

Mining sector brings $4.2 billion back to Ghana, slightly exceeding 2022’s total

Mining companies repatriated over US$4.2 billion to Ghana. This represents a little over 1.4% of the value of repatriation done in 2022. This is according...

Ghana’s gold production rises to 4m ounces in 2023

Ghana’s gold production rose 8.3 per cent to 4 million ounces in 2023 compared to 3.7 million ounces the previous year, data from the...

Galamsey is the cause of high cost of vegetables – GAWU

The General Agricultural Workers Union (GAWU) has said the severe shortage of vegetables and its resultant hike in prices are due to illegal mining...