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LPG Marketers Association warns of LPG shortage

The Liquified Petroleum Gas (LPG) Marketers Association has issued a warning regarding a potential shortage of LPG if the looming strike by the Ghana...

MASLOC signs MoU with Association of Small Industries

The Microfinance and Small Loans Centre (MASLOC) and the Association of Small Industries (ASSI) have signed a Memorandum of Understanding (MoU) to strengthen their...

Ofori-Atta on track to revive economy – IMF Mission Team

The International Monetary Fund is optimistic the Finance Minister, Ken Ofori-Atta, and his team are on track to revive Ghana’s economy. According to Fund’s Mission...

Professional bodies that fail to register will not be recognised – Registrar of Companies

https://www.youtube.com/embed/dPwIPqxv3Yk Registrar of Companies, Jemima Oware, says professional bodies are required to register their organisations and memberships with the Registrar of Companies to remain a...

AirtelTigo rebrands as AT

Telecommunications network AirtelTigo has announced its official rebranding as AT, effective from Thursday, June 22, 2023. In November 2017, Airtel and Tigo merged to form...

Govt needs to pull brakes on TOR-Torrentco partnership – Jinapor

Ranking Member on Mines and Energy Committee in Parliament, John Jinapor, has called on government to pull the brakes on the TOR-Torentco partnership. The...

TOR senior staff back Torentco lease

The Senior Staff Union of Tema Oil Refinery (TOR) has declared support for the ongoing negotiations by management to engage Torentco Asset Management (TAM)...

EBID signs 3 loan agreements worth $30 million and € 20 million with 3 companies

The ECOWAS Bank for Investment and Development (EBID) continues its commitment to fostering economic growth and development in the ECOWAS region through strategic investments. Today,...

Pressure on cedi to continue; depreciated 0.85% to dollar last week

The Ghana cedi would continue to remain under some pressure this week, following the unexpected increase in inflation and the prospect of an interest...

Company offers to refund €2m for prosecution of Dr Ato Forson, others to end

Private Company, Big Sea Trading LLC, has written to the Attorney General communicating its decision to refund € 2 million to the state. This will...

Akufo-Addo, Caribbean leaders to headline Afreximbank’s 2023 Annual Meetings in Accra

President Akufo-Addo and other leading African and Caribbean figures will be among the top headliners at the 30th Annual Meetings of the African Export-Import Bank...

Mobile money fraud increased 117% in 2022 – BoG Report

Mo money fraudsters succeeded in stealing GH¢26 million from Ghanaians in 2022, representing a significant 117% increase from GH¢12 million a year before. Per the...

Financial expert urges BOG to take stronger action against Illegal financial institutions

A senior financial lecturer at the University of Ghana Business School, Dr Benjamin Amoah, is calling on the Bank of Ghana to take a...

Akufo-Addo outlines 8-point agenda to revamp economy

Government is rolling out significant incentives to drive interest in commercial agriculture with the ultimate aim of revamping the ailing economy. Under the Novel Agricultural...

LPG price to fall by about 7.0% from tomorrow

The price of Liquefied Petroleum Gas (LPG) is expected to fall by about 7.0% from tomorrow, June 16, 2023. According to the LPG Marketers Association,...

Consumer Protection Agency accuses British Airways of charging additional $50 ticket fee

The Consumer Protection Agency (CPA) has accused British Airways of an additional $50 being charged for ticket fees. CPA has further alleged that the...

Fuel prices to rise marginally in next pricing window – COPEC

Petroleum prices in Ghana are set to experience a slight increase in the upcoming pricing window of June, except for Liquefied Petroleum Gas (LPG),...

May inflation rises marginally to 42.2% after four consecutive decreases

Inflation for May 2023 has experienced a marginal increase, rising from 41.2% in April 2023 to 42.2%. The Government Statistician, Prof. Samuel Kobina Annim, disclosed...

Stay away from these unlicensed entities – BoG warns [Read]

The Bank of Ghana (BoG) has warned the public against doing any form of transactions with some 97 unlicensed entities that are engaged in...

1D1F: Full list of companies who have received GHS14.4m govt funds

The Minister of Trade and Industry, Kobina Tahir (KT) Hammond, has given a detailed account to Parliament of entities which have benefitted from the...

Cocoa prices bullish in first four months of 2023 – BoG

Cocoa prices were generally bullish in the first four months of 2023, data from the Bank of Ghana has revealed. This, according to the Central...

Cedi gained 0.43% to dollar last week; outlook favourable

The Ghana cedi gained a favourable 0.43% against the US dollar in the retail market last week. It traded at a mid-rate of ¢11.73 to...

NPA given mandate to prosecute crimes in petroleum industry

The National Petroleum Authority (NPA) has been given the prosecutorial powers by the Attorney General to prosecute crimes in the oil supply chain in...

Publish names of third party dealers involved in ‘Gold for Oil’ programme -CSOs

Some Civil Society Organizations (CSOs) in the energy sector have challenged government to publish the names of third-party dealers involved in the ‘Gold for...

IMF programme: There is light ahead – Council of state chair to Ghanaians

The Chairman of the Council of State, Nana Otuo Siriboe II, has urged Ghanaians to unite in support of the government’s recovery programme, and...

Ghana returns to gold top spot as output jumps 32%

Ghana recorded a 32% increase in gold production last year, enabling it to win back the top spot from South Africa as the largest...

Govt issues one-month ultimatum for merchant subscribers to register SIMs

The Ministry of Communications has announced that almost 280,000 merchant SIMs have not been registered, offering fraudsters an opportunity to use them in perpetuating...

GRA busts 6 businesses for failing to issue VAT invoices

Three hotels are among six businesses that were busted by the Enforcement and Tax Compliance Team of the Ghana Revenue Authority (GRA) for not...

Ghana: How mobile money is driving remittances  

The impact of Covid-19 continues to be felt across the globe, with many countries and their citizens struggling to bounce back from the economic...

GRA taskforce arrests managers of enterprises over tax infractions  

The Ghana Revenue Authority (GRA) taskforce has arrested four managers of enterprises in Accra for not issuing tax invoices. The companies are Buildmart Company Ghana...

World trade now slowing sharply – Fitch

Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings has revealed in a new report. Monetary tightening,...

IMF staff mission to visit Ghana this week to track progress of Economic Recovery Programme

An International Monetary Fund (IMF) staff are expected in Accra this week as part of a mission visit to track progress of Ghana’s Economic...

GRA to charge importers additional 12.5% if they fail to register for VAT

The Ghana Revenue Authority (GRA) is cautioning all importers who qualify to register for Value Added Tax (VAT) but have failed to do so...

We will put pressure on govt to review 3 tax revenue measures, E-Levy – GUTA

The Ghana Union of Traders Association (GUTA) has hinted it will pursue the government to review three tax revenue measures and the Covid-19 Levy...

NPA impounds 181,000 litres of crude oil, diesel in Western Region

The National Petroleum Authority (NPA) has confiscated 73,000 litres of crude oil and 108,000 litres of diesel from smugglers on the high seas in...

Akufo-Addo declares NIMS as national strategic working document at national blue economy summit 2023

President Nana Akufo-Addo, at the launch of the 2023 National Blue Economy Summit, on 31 May, 2023 in Accra, officially declared the National Integrated...

NPA to commence prosecution of criminal acts under NPA Act 691

The National Petroleum Authority's (NPA) Legal Directorate will soon commence the prosecution of criminal acts that occur under the National Petroleum Authority Act 2005...

Surfline SIMs removed from Central SIM Database

The National Communications Authority (NCA) says it has delinked all Surfline SIMs from the Central SIM Database. “Subscribers who hitherto had reached the ceiling of...

3-year IMF deal not enough – Finance Expert

Associate Professor of Finance at Andrews University, Michigan, USA, Prof. Williams Kwasi Peprah, says Ghana’s thirty-six month extended credit facility deal with the International...

OMCs start increasing fuel prices; Goil selling a litre of petrol, diesel for ¢12.45

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Goil has taken the lead, selling at litre of diesel...