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BoG advised me to streamline Menzgold operations – NAM 1

Founder of Menzgold, Nana Appiah Mensah aka NAM 1, who is standing trial for allegedly using the company to defraud over 16,000 people of...

Get your first debt restructuring right – IMF to debt trapped nations

Ghana is debt-trapped and has maintained its position as Africa’s highest borrower from the International Monetary Fund (IMF). After trimming about ¢90 billion of its...

Government is still spending as though there’s no crisis – Prof. Bokpin on DDEP

Economist, Professor Godfred Bokpin, has berated the government for not sticking to its side of the bargain to adjust fiscal expenditure amidst the country’s...

1D1F: 126 factories now operational, over 160k jobs created- KT Hammond

The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy. According to him,...

Pensioner bondholders reject attempt to be roped into DDEP

Members of the Pensioner Bondholders’ Forum have rejected another attempt by the government to rope them into the Domestic Debt Exchange Programme (DDEP). Government has...

Ghana retains 1st position as Africa’s highest borrower from IMF

Ghana retained its position in Africa as the most indebted country to the International Monetary Fund as the country’s loan to the Fund shot...

Traders Advocacy Group raises concerns over taskforce at Tema, Sekondi ports

The Traders Advocacy Group Ghana (TAGG) has called on President Akufo-Addo to set up a committee to convene a stakeholder engagement to discuss issues...

 87% of industries in Ghana use plastics despite waste concerns

Data from the Ghana Plastic Association indicates that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite...

BoG pays property developer $36m during Ghana’s worst forex crunch – Auditor-General’s report reveals

The Auditor-General in its 2022 report has revealed that Bank of Ghana (BoG) made payments worth $35,909,067.50 to Goldkey Properties Limited for the construction...

EBID President nominated for another international award

Dr George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), has once again...

We won’t be part of new DDEP – Pensioner Bondholders

Pensioner Bondholders have declared their intention not to be part of the government’s fresh Domestic Debt Exchange Programme (DDEP) for ESLA and Daakye Bondholders....

NLA, Ghana Post signs partnership for new game

The National Lottery Authority (NLA) has introduced yet another Draw to its Daily Draws, An Afternoon Draw dubbed NoonRush. The Draw was held at...

Cocoa farmers commend Akufo-Addo

Cocoa farmers in the Western North region have expressed their gratitude to the government and the Ghana Cocoa Board for the historic increase in...

Govt announces fresh Debt Exchange for ESLA, Daakye bondholders

The government, through the Finance Ministry, has extended fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a...

Ken Ofori-Atta writes: Citizens – Standing Strong with the Bank of Ghana 

There is an anonymous quote that says “banks are to the economy what the heart is to the human body. They cycle necessary capital...

Inflation for August 2023 drops to 40.1%

The year-on-year inflation for the month of August 2023 has dropped to 40.1 percent from the 43.1 percent recorded in July 2033. Food inflation witnessed...

GUTA issues 2-week ultimatum to govt o end alleged harassment of members by GRA

The Ghana Union of Traders’ Associations, GUTA has given the government a two-week ultimatum to address allegations of harassment and intimidation of its members...

QNET to tackle ‘scam’ tag in Ghana through education, awareness creation

The Chief Communications Officer of the QI Group, Ramya Chandrasekaran, has divulged the company’s strategic initiative to challenge the longstanding perception that ‘QNET is...

Nearly 200,000 tonnes of cocoa smuggled out of Ghana

Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has disclosed that between 100,000 and 200,000 metric tonnes of cocoa beans...

Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions

Fitch Solutions is forecasting the Ghana cedi to end 2023 at ¢11.40 against the dollar. This is lower than the ¢12.40 it predicted earlier...

Burkina Faso, Togo exporting cocoa produced in Ghana as intensified smuggling leaves COCOBOD with $600m loss

The finances of Ghana COCOBOD is in dire straits requiring urgent surgery to revive the once vibrant entity. JoyNews is learning COCOBOD lost almost 600 million...

Feature: NLA under Sammi Awuku, 24 months on

Seven months into the second tenure of the sitting President, H.E Nana Addo Dankwa Akufo-Addo had made some new appointments and reshuffled a few...

Adiza Ibrahim crowned Woman of the Year at 6th Ghana Outstanding Women Awards 2023

Adiza Ibrahim, the Head of Marketing & Media Relations at Electroland Ghana Limited and the Founder of the Zango Women Livelihood & Empowerment Programme,...

Unemployment to increase to 4% in 2023 – Fitch Solutions

Unemployment as a percentage of the labour force is expected to tick slightly to 4.0% in 2023 from 3.9% in 2022, Fitch Solutions has...

Government announces new cocoa price for 2023/2024

The government has announced a new cocoa price at the opening of the 2023/2024 cocoa season. A bag of cocoa has moved from GH¢800.00 per...

The unwavering vision that birthed QI Group of Companies 25 years ago

In the annals of entrepreneurship, there are stories that inspire, stories of resilience, and stories of unfettered determination. The birth of the QI Group of...

Ghana’s doors open for investors – Bawumia

The Vice-President, Dr Mahamudu Bawumia, has assured his Colombian counterpart that the country’s doors are open to investors and entrepreneurs from Colombia who want...

DDEP: Govt settles Pension Funds bondholders

The government has announced the successful settlement and conclusion of its alternative offer to Pension Funds bondholders regarding Ghana-denominated notes and bonds. The Ministry of...

First review of Ghana’s IMF programme starts September 25 – Ofori-Atta  

An International Monetary Fund (IMF) Staff Mission will commence Ghana’s first review of the ongoing $3 billion loan-support programme from September 25, 2023, the...

Aggrieved Menzgold customers appeal to Akufo-Addo for bailout

Aggrieved customers of Menzgold are appealing to President Akufo-Addo to intervene in retrieving their locked-up cash ahead of the criminal court proceedings against Nana...

Non-issuance of VAT invoice is a criminal act – GRA 

The Ghana Revenue Authority (GRA) compliance and enforcement unit, says the non-issuance of Valued Added Tax (VAT) invoice is a criminal offence and can...

Total value of secured loans up 15.5% to ¢5.9bn in half-year 2023 – BoG

The total value of secured loans granted and registered by banks and Specialized Deposit-Taking Institutions in the second quarter of 2023 was estimated at...

IMF mission to visit Ghana from September 25

An International Monetary Fund (IMF) staff team will be in Ghana from September 25 through the first week of October to assess the implementation...

IMF bailout: Ofori-Atta gives update on 2nd tranche

Finance Minister, Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the...

Ghana stands ready to unlock second disbursement – Economist on IMF bailout

An Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund...

Govt considers takeover of NIB by ADB

Government is considering moves for ADB to take over the National Investment Bank (NIB).  Joy Business reports that this is part of measures to help...

Cedi expected to trade steadily this week; sells at ¢11.50 to a dollar

The Ghana cedi is expected to trade steadily this week as the Bank of Ghana intervenes in the market to cool off the pressure...

MTN Ghana’s durable competitive advantage to enrich long-term investors

Long-term investors (shareholders) of MTN Ghana are expected to significantly benefit from the durable competitive advantage of the telecommunication company. The company’s competitive advantage creates...

¢6.703bn Energy Sector Levies collected in 2022 – 2022 ESLA report

Actual Energy Sector Levies collected from January 2022 to December 2022 totalled ¢6.703 billion, the 2022 Annual Energy Sector Levy Act (ESLA) Report has...

Pig farmers announce increment in prices of pork

Pig farmers in Ghana have increased prices effective September 1, 2023. The cost of one kilogram of pork meat, previously priced at GH¢26, has now...