SIM card re-registration falls by 98% after extension of deadline
Data from the Ghana Chamber of Telecommunications has shown that the number of subscribers undertaking the SIM re-registration exercise saw a significant drop after...
Petrol-only vehicle sales to be banned by 2035
California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state's attempts to tackle climate change.The...
We’re ready to help stabilise Ghana’s economy – IMF boss
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put...
World Bank explains why cedi keeps falling and US dollar keeps winning
The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two...
Anglogold Ashanti holds symposium on 10-year socio-economic development plan
AngloGold Ashanti Obuasi Mine on Wednesday, August 24, held a Development Partnership Symposium for the Implementation of its 10-Year Socio-Economic Development Plan (SEDP) in...
Banks also going through tough times – John Awuah
The Chief Executive Officer of the Ghana Association of Bankers (GAB), John Awuah, says the Banks are having a fair share of the pressures of...
Cedi depreciation: GUTA rescinds decision to close down shops
Members of the trading community have agreed to rescind a decision to close down their shops in protest over the depreciating cedi against the...
NPA confiscates smuggled petroleum products in Ketu South and North
The Volta Regional branch of the National Petroleum Authority (NPA) has confiscated some petroleum products believed to be smuggled into the country.The swoop was...
E-levy: Govt rakes in less than 7% of target
Fresh data from the Finance Ministry has shown a significant shortfall in revenue from the controversial electronic transfer levy.The data released in the last...
BoG dollar auction: Demand exceeds supply by $84.5m
Demand for dollars by dealers outstripped supply by $84.5 million, latest data from the Bank of Ghana has revealed.This is a reduction of the...
Play station sued over rip off games
Sony PlayStation is being sued for £5bn in the UK over allegations it "ripped off its customers" with overpriced games and in-game purchases.The group...
School and work hours cut to save power
Bangladesh will close schools for one more day each week and reduce office hours to ease an electricity shortage, a government official says.Last month,...
Elon Musk summons Twitter founder in court battle
Elon Musk has launched legal action to summon Twitter co-founder Jack Dorsey to appear in court as part of his legal battle with the...
Usain Bolt moves to trademark victory pose
Athletics icon Usain Bolt has moved to trademark a logo showing his signature victory celebration pose.The retired Jamaican sprinter submitted an application in the...
Caveman watches teams up with Kobby Kyei to impact communities
Caveman Watches, a Ghanaian-owned and internationally recognised watch brand, has appointed Ghanaian blogger Kobby Kyei to lead the brand's socially impactful projects.Speaking about the...
GUTA to close shops on August 29 over rapid cedi depreciation
Members of the Ghana Union of Traders Association (GUTA) say they will close down all their shops on Monday, August 29, to demonstrate against...
US economist jabs Bawumia over Ghana’s economic woes
A professor of applied economics at Johns Hopkins University has accused the Vice President, Dr Mahamudu Bawumia, of playing blame games with Ghana’s economic...
Special Prosecutor investigates vehicle auctions, others by Customs from July 2016 till date
The Office of the Special Prosecutor (OSP) is embarking on a full-scale probe of some activities at the Customs Division of the Ghana Revenue...
BoG cautions public against 19 entities engaged in loan services without license
The Bank of Ghana is cautioning the public against unlicensed entities engaged in the provision of loans to consumers, in contravention of the Banks...
Licensed forex bureaus not complying with foreign exchange law to be closed down
The Bank of Ghana has indicated it will soon close down licensed forex bureaus that are not complying with the foreign exchange law. Officials of...
betPawa sets up Responsible Gaming Call Center for Gaming Commission Â
Leading online betting and gaming company betPawa has provided IT equipment to the Gaming Commission of Ghana for the creation of a Responsible Gaming...
BoG Governor must assert independence or resign – Minority
The Minority in Parliament has asked the Governor of the Bank of Ghana (BoG), Ernest Addison to assert his independence and credibility.In a release...
Cedi hits ¢10 to a dollar; BoG measures may halt depreciation in short-term
The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 15th, 2022.At the same time,...
Govt must announce further cuts in expenditure – Dr Kwabena Duffuor
Former Finance Minister, Dr Kwabena Duffuor, says government must announce further cuts on planned expenditure.According to him, this is one of the surest ways...
NCA grants licence for operation of MSMPUSHER
The National Communications Authority (NCA) has granted a licence for the operation of a cloud-based marketing platform, MSMPUSHER.NCA's licence is to allow MSMPUSHER...
US and Taiwan announce formal trade negotiations
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi.The...
MTN gifts 2-bedroom house to woman in first MoMo TV commercial
The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN's Mobile Money (MoMo) has been gifted a...
Aker Energy halts Ghana oilfield devt over involvement of Russian firm
Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in...
BoG increases policy rate to 22%; cost of borrowing to shoot up significantly
The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August...
UK to receive shipment of Australian gas
The United Kingdom (UK) is expected to take delivery of a shipment of gas all the way from Australia next week, as the pressure...
Increase in tariffs will affect our businesses – Ghana Hotels Association
A member of Ghana Hotels Association, Denzel Kwesi Humpreys, has said that the hotel business will be affected adversely by the increase in water...
We haven’t banned dollar account – BoG
The Bank of Ghana (BoG) has dismissed reports that it has banned the opening of dollar accounts.In a public notice, the Central Bank said...
Cedi tagged the worst performing currency worldwide by Bloomberg
A recent currency performance ranking by Bloomberg has classified the Cedi as the worst-performing currency across the globe.Bloomberg tracked the performance of 150 currencies...
Mobile Money transactions surpass cheques by ¢366.7bn in half-year 2022, but slightly lower than 2021
Total Mobile Money transactions in the first half of 2022 significantly surpassed cheque transactions by a massive ¢366.7 billion, the Summary of Economic and...
TikTok owner hands algorithm data to chinese government
Chinese internet giants including Alibaba, Tiktok-owner ByteDance and Tencent have shared details of their algorithms with China's regulators for the first time.Algorithms decide what...
UK cuts import taxes on goods from poor countries
The UK is to cut import taxes on hundreds more products from some of the world's poorest countries to boost trade links.The Developing Countries...
Cedi loses about ¢3.15 to dollar so far in 2022
The cedi has lost about ¢3.15 at face value to the US dollar so far in 2022.This is equivalent to about 32% loss since...
Prices of petroleum products to go up 5.5% – COPEC
Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber...
Star Assurance, AssureAdvisors to launch repackaged insurance products
Star Assurance, one of Ghana’s leading general insurance providers has together with their Corporate Agency, AssureAdvisors Limited, launched two re-packaged personal insurance products into...
Russia reopens bond market to friendly traders
The Moscow Exchange will be partially reopened to foreign investors from Monday after a nearly six-month suspension during the Ukraine war.It says only investors...