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BoG Governor calls for more investment in fintech space

The Governor of the Bank of Ghana has called for more investment in Africa's fintech space. According to Dr. Ernest Addison, this move will accelerate...

CBG commissions Sickbay Project at Berekum

Consolidated Bank Ghana Limited (CBG) has officially launched the CBG Sickbay Project by commissioning an ultra-modern sickbay at Methodist Senior High/Technical School in Berekum. This...

Cedi can only stabilse temporarily but will keep on depreciating – Prof Bokpin

Economist and professor of finance at the University of Ghana, Prof Godfred Bokpin, has asserted that the cedi can only be stabilised temporarily from further...

Dollarisation of Ghana’s economy not solution to cedi depreciation – ASEPA

The Alliance for Social Equity and Public Accountability (ASEPA) has disagreed with suggestions by Dr John Kwabena Kwakye, the Director of Research at the...

Dr Nick Danso Agyei crowned “Entrepreneur of the Year”

In a night of significant achievements at the Ghana-West Africa Business Excellence Awards on May 10, 2024, Dr. Nick Danso Adjei, Chief Executive Officer(CEO)...

Risk of stronger US dollar could affect Emerging Markets credit momentum – Fitch

Ratings agency Fitch Ratings believes a sustained period of US dollar strength against emerging market (EM) currencies including Ghana could weigh on some EM...

Ghanaians, businesses to become poorer 10 years from now if… – Ken Thompson

Director of Dalex Finance, Ken Thompson, has said that businesses and Ghanaians in general, are going to become poorer in the next 10 years...

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law

The World Bank and the International Monetary Fund are coming under pressure to use their financial might to persuade Ghana to reconsider a proposed...

Tweneboa Kodua Fokuo appointed Managing Director of NIB

Mr. Tweneboa Kodua Fokuo has taken over from Mr. Samuel Sarpong as the Managing Director of the National Investment Bank (NIB). His appointment takes effective...

We’ll address concerns of illegal MoMo charges – BoG

The Bank of Ghana has initiated discussions among relevant stakeholders to address concerns regarding unauthorized mobile money transfer charges. This comes amidst mounting apprehension over...

Keeping interest rates ‘unnecessarily high’ will make Ghanaian cedi suffer more – Togbe Afede to BoG

Togbe Afede XIV, the Agbogbomefia of the Asogli State, has voiced his concerns regarding the Bank of Ghana's (BoG) interest rates, emphasising their potential...

Nduom hints at #BringBackGNBank nationwide campaign

The Global Chairman of Groupe Nduom, Dr Paa Kwesi Nduom has hinted at an impending nationwide tour seeking to campaign for the return of...

Ghana imported £63m textiles from UK in 2023

The latest data from the United Kingdom's (UK) Department for Business and Trade fact sheet has revealed Ghana imported £63 million textile fibres in...

We are confident about our board meeting in June on Ghana’s second review – IMF

The International Monetary Fund (IMF) has indicated that, it is confident Ghana’s second review programme will be completed to help approve some $360 million...

Ring cocoa prices may impact sweet tooth – SBM Intelligence report

Executive summary The global cocoa industry faces unprecedented challenges as cocoa supplies tighten and prices surge, impacting chocolate manufacturers and consumers worldwide. Oxfam reports that the...

Bawumia urges African countries to learn from Ghana’s use of digitalisation in corruption fight

Vice President and flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia has urged African countries to emulate Ghana’s digitalisation agenda which has been...

More businesses will cease operation in Ghana if… – GNCCI

The Ghana National Chamber of Commerce and Industry (GNCCI) has warned that if the concerns of the business community and industry are not addressed...

Bawumia attributes ECG revenue surge to digitalization, from ¢450m to over a billion

Vice President Dr Mahamudu Bawumia has revealed a significant surge in revenue collection at the Electricity Company of Ghana (ECG), attributing the boost to...

Not wearing panties fast becoming vogue among Ghanaian women

It is fast becoming the new vogue for many women in Ghana to avoid wearing panties underneath their casual and formal attires. A significant number of both...

Societe Generale Group initiates strategic review of Societe Generale Ghana

The SocieteGenerale Group says it has initiated a strategic review of SocieteGenerale Ghana. This comes barely 24 hours after the Managing Director of Societe Generale...

PDS scandal: US shuts down $190m compact with ‘no immediate plans to work in Ghana again’

The Millennium Challenge Corporation has confirmed to JoyNews that despite the prevailing power crisis, it has no “immediate plans to work again in Ghana”...

E-VAT boosts revenue by 32%

The Ghana Revenue Authority (GRA) has refuted rumours suggesting that the piloting of its electronic Value Added Tax (e-VAT) invoicing system has resulted in...

60 women benefit from Impact Group’s “Learn A Skill Project”

Sixty women residing in the Ayawaso West Municipal Assembly Area of Accra, Ghana, have recently reaped the rewards of a two-day skills development project. These...

Bawumia to establish equipment plant pool to support small scale miners

The flagbearer of the NPP, Dr. Mahamudu Bawumia, has pledged to establish common-user processing facilities in various mining districts across the country if elected...

Akufo-Addo to order release of KPMG report

A source at the office of the President has confirmed that, President Akufo-Addo is set to authorize the release of the KPMG audit report...

367 agric students and beginner agribusinesses set for 7th edition of Ag-Stud bootcamp

Approximately Three Hundred and Sixty-Seven (367) agricultural students and beginner agribusinesses from various agricultural colleges, farm institutes, and universities across Ghana have been selected...

GRA addresses reports of billions lost in E-VAT revenue

The Ghana Revenue Authority (GRA) has responded to reports claiming that the nation has lost billions in revenue due to the implementation of the...

Outcry in Nigeria as government introduces money transfer levy

Many Nigerians have condemned the introduction of a new levy on electronic banking transactions, with some saying it will push them back to using...

Ghana Stock Exchange reaches record GH¢80billion market capitalization

In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase...

T-bills: Government borrowed GH¢15.60bn in April 2024

The government borrowed GH¢15.60 billion via treasury bills in April 2024. This is 21.61% lower over March 2023. The government underperformed its target in four out...

April 2024 inflation declines marginally to 25 percent

Inflation for April 2024 has declined marginally to 25 percent from the 25.8 percent recorded in March 2024. By this, the inflation rate for April...

Behind-the-Scenes maestro Nana Kwasi Koranteng Obeng propels Ghana’s music industry to global heights

In the bustling streets of Accra, Ghana, the music industry is abuzz with the latest hits and rising stars. Amidst the spotlight, there's one man...

BoG denies imposing 1% cybersecurity levy on transactions

The Bank of Ghana (BoG) has refuted claims of implementing a one percent cybersecurity levy on banking transactions, which has gone viral on social...

We’re committed to protecting depositors’ funds – BoG Governor

The Bank of Ghana (BoG) says it will continue to closely monitor and regulate financial institutions in the country to ensure the stability and...

Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits $1.06bn

Declares 0.24 cents Final Dividend Total Assets Rise by 90.2% to $21.7 billion Shareholders’ Funds Hits $2.1bn, achieving an impressive growth of 120.2%. In...

Absa Bank launches money matters initiative to bolster financial literacy among the youth

In a move to address critical gaps in financial literacy among Ghana’s youth, Absa Bank Ghana has unveiled its Money Matters Initiative. Launched at a...

Ghana, EU to deepen trade ties

The EU is ready to invest more in the EU-Ghana partnership, despite the prevailing difficulties confronting both sides. The Head of the European Union (EU)...

Here is the list of the top gold producers of 2023

A report by the United States Geological Survey has revealed that over 3,000 tonnes of gold were produced globally in 2023. China, Australia, and Russia...

GRA terminates 2 SML contracts

The Ghana Revenue Authority (GRA) has terminated two of its contracts with Strategic Mobilisation Ghana Limited (SML). These are the transaction Audit and External Verification...

Fuel price adjustment: Petrol surges to GH₵15.22, diesel falls to GH₵14.65

Some of the Oil Marketing Companies (OMCs) have started increasing prices of some petroleum products at the pumps from this morning. Market Leader GOIL is...