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KPMG’s report confirms we haven’t been paid $100m – SML

Strategic Mobilisation Ghana Limited (SML) has clarified that the audit assurance report by KPMG confirmed that it has not received a payment of $100...

GUTA urges government to embrace solar energy to address power outages

The Ghana Union of Traders Association (GUTA), has urged the government to adopt alternative sources of energy, including solar, to reduce the country’s heavy...

Fitch affirms ETI at B-; Outlook stable

Fitch Ratings has affirmed Ecobank Transnational Incorporated's (ETI), parent company of Ecobank Ghana Long-Term Issuer Default Rating (IDR) at 'B-' and its Viability Rating...

Global Cocoa Marketing Companies refuse to pay realistic Cocoa prices – CGCI

The Executive Secretary for Cote d’Ivoire Ghana Cocoa Initiative (CGCI), Alex Asanvo, says Global Cocoa Marketing Companies have refused to pay realistic prices for...

‘Dumsor’: Power crisis requires more than financial remedies – NPP Manifesto Committee member

The Chairman of the New Patriotic Party's (NPP) 2024 Manifesto Committee on Energy, Kwadwo Nsafoah Poku, has debunked suggestions that the current challenges with...

Apple faces declining sales in China as Huawei soars

Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. The Shenzhen-based conglomerate,...

Ghana’s cocoa farmers lament low earnings amid high prices

Though global cocoa prices have soared to a record high in April, farmers in Ghana are struggling to make ends meet. The government's local...

“Dumsor” has brought businesses to their knees – GNCCI expresses frustration at ongoing crisis

The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed deep frustration and disappointment at the ongoing power crisis in the country. According to...

Dumsor: Finance Ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report

The Public Utilities Regulatory Commission’s validation reports on the Cash Waterfall Mechanism (CWM) have revealed that the Finance Ministry owes some power generators about...

Electricity VAT: GRA clarifies decision to tax resident Ghanaians

The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians as replacement for the value-added tax (VAT)...

GRA provides clarity on tax status of Ghanaian residents earning abroad

The Ghana Revenue Authority (GRA) has moved to dispel uncertainties surrounding the tax status of individuals earning incomes abroad, affirming the criteria for categorizing...

Debt Restructuring: Government to reach agreement with IPPs in May

The government has given an indication about reaching an agreement with Independent Power Producers (IPPs) on debt restructuring as part of measures to reduce...

Accra Initiative at risk as Mali, Burkina Faso withdraw – Akufo-Addo says

President Akufo-Addo has expressed concern about the withdrawal of Mali, Burkina Faso, and Niger from the Economic Community of West African States (ECOWAS) and...

PAC orders Wa West DCE to release MP’s common fund immediately

The Public Accounts Committee (PAC) of Parliament has instructed the District Chief Executive of Wa East District Assembly, Mr. S.K Mahama to immediately process...

Single ECG revenue account won’t solve power crisis – John Jinapor

Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has said that the Finance Ministry’s decision to put all of the Electricity Company...

Kwadaso Onion Market demolished: traders relocated over security concerns

After a notice that met an initial resistance by the traders, hundreds of sheds were pulled down at the market under police-military supervision. The regional Security Council had cited threats to security and vehicular congestion as reasons for evacuating the traders.

Dumsor: Energy sector ‘shepherdless’, we need a new leader – IES Director

The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the energy sector is currently lacking effective leadership. He...

Unless something dramatically happens, cedi will continue to depreciate – Ghana Association of Forex Bureaux

The Ghana Association of Forex Bureaux says the recent cedi depreciation will not end if practical measures are not put in place to halt...

We are confident of bilateral MoU agreement with Ghana soon – IMF Mission Chief

The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet is confident that Ghana will formalize a Memorandum of Understanding (MoU) with the...

Dumsor: If there’s competition, ECG would lose all its customers – ACEP

Africa Centre of Energy Policy (ACEP) has added its voice to the need for a competitive power distribution company in the country. They cited poor...

ECG to use single revenue collection account – Finance Minister

Finance Minister Mohammed Amin Adam has disclosed that a single account has been established for the Electricity Company of Ghana's revenue collection activities. In March,...

Fuel prices won’t cross GH¢18 mark next week – CBOD assures consumers

The Ghana Chamber of Bulk Oil Distributors (CBOD) has allayed the fears of consumers that fuel prices may go up astronomically by the end...

Fitch Solutions forecasts end-year cedi to dollar rate of GH¢12.25; currency depreciates 11% to dollar

Fitch Solutions is forecasting an end-year cedi to dollar rate of GH¢12.25 to one US dollar, arguing the the Ghanaian cedi will recoup some...

Apple removes WhatsApp and Threads from China app store over national security concerns

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security...

Ghana nears agreement on debt restructuring with bilateral creditors

Finance Minister Dr Mohammed Amin Adam has revealed that the bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s...

LPG prices surge in Ghana, raising concerns over tax impact

The soaring cost of liquefied petroleum gas (LPG) in Ghana has become a critical issue, marked by a substantial increase in prices in recent...

Financing assurance secured from bilateral creditors to aid Ghana’s 2nd review funding – IMF Africa head

The International Monetary Fund (IMF), has revealed that it has secured the needed financing assurance from bilateral creditors that will help to conclude the...

Ghana’s oil production to rebound in 2024 growing by 5% – Fitch Solution

Ghana’s oil production is expected to rebound in 2024, with an anticipated increase of 5.0% to 177,120 barrels per day (b/d). According to Fitch Solutions,...

Fitch Solutions projects 19.0% average inflation for Ghana in 2024

Fitch Solutions is projecting an average inflation of 19.0% for Ghana in 2024. This is lower than the International Monetary Fund’s 22.3%. According to the London-based...

Ghana to host Ghana-Cote d’Ivoire Cocoa Initiative Headquarters

Vice President Mahamudu Bawumia has hosted Robert Beugré Mambé, the Prime Minister of Côte d’Ivoire, at the Jubilee House, ahead of the inauguration of...

Ghana’s revenue-to-GDP ratio to exceed 17% within next six years, but expenditure to remain flat – IMF

Ghana’s revenue-to-Gross Domestic Product ratio is expected to exceed 17% year-on-year for the next six years. According to the International Monetary Fund’s April 2024 Fiscal...

Western North Region most expensive for food in Ghana – New GSS report finds

The Ghana Statistical Service (GSS) launched its second Food Price Variability report today at the Accra Technical University (ATU), revealing significant differences in food...

KNUST’s Prof. Grace Nkansa Asante becomes Ghana’s first female Professor of Economics

Prof Nkansa Asante becomes the first female in Ghana to be conferred the academic title following an approval by the University Council. She currently holds the position as the Vice Dean at the Faculty of Social Sciences of the College of Humanities and Social Sciences, KNUST.

PIAC touts GNPC’s prowess as key energy provider

The Public Interest and Accountability Committee (PIAC) has called for the review of the laws of the Ghana National Petroleum Corporation (GNPC) to allow...

Change MASLOC into a digital lending platform – Citizens Movement against Corruption

The Citizens Movement against Corruption has proposed transforming the Microfinance and Small Loans Center (MASLOC) into a digital lending platform. MASLOC, established to provide...

MTN and Huawei launch Joint Technology Innovation Lab to drive Africa’s digital transformation

MTN Group, in partnership with Huawei, officially inaugurated the Technology Innovation Lab at MTN Group's headquarters. This milestone marks a significant advancement in their ongoing...

IMF projects single-digit inflation of 8 percent for Ghana by end of 2025

The International Monetary Fund, IMF is projecting that Ghana will return to single-digit inflation by the end of 2025. The IMF in its Economic Outlook...

IMF projects 4.4% growth rate for Ghana in 2025

IMF is projecting a growth rate of 4.4 per cent for Ghana by the end of 2025. This was captured in the IMF’s Global...

Producer Price Inflation increases sharply to 16.5%

The year-on-year inflation rate at ex-factory prices for all goods and services was 16.5% in March 2024, the Ghana Statistical Services has disclosed. This is...

Fisheries Ministry announces Ghana’s first Marine Protected Areas

Fisheries and Aquaculture Development Minister Mavis Hawa Koomson has announced Ghana’s first Marine Protected Areas (MPA). The MPA covers some 700km2 of biodiversity-rich coastal waters. The communities...