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Cedi to exhibit mixed performance against dollar this week

The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after...

What to know about new BoG Head Office [Full details]

The Bank of Ghana has defended its decision to move from its current location in the Central Business District of Accra to Ridge, citing...

5-year performance of GCB equity on the Ghana Stock Exchange

Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all...

Full text: BoG Governor’s special press conference on 2022 loss and new Head Office

Good Morning Ladies and Gentlemen of the Media.  Welcome to this special press briefing, which has been necessitated by recent developments following the publication of...

It’s not just an ordinary building – BoG Governor justifies $250 office project

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has justified the construction of a new office building for the bank reportedly...

GH¢60 billion loss will not negatively impact BoG’s operations – Governor

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured that the bank’s operations will not be negatively affected as a...

Menzgold makes u-turn on GH¢650 verification card sale

Menzgold Ghana has announced the cancellation of a paid customer validation process in its efforts to facilitate the processing of payments for its aggrieved...

We are coming for you – GRA cautions businesses that are VAT non-compliant

The Ghana Revenue Authority (GRA) has reiterated its commitment to clamp down on businesses that use dubious means to evade taxes. According to the Authority,...

BoG denies procurement breaches in construction of new headquarters

The Bank of Ghana (BoG) has denied breaching the procurement laws in the construction of its new headquarters located at Ridge in the Greater...

GRA closes down shops, arrests managers for tax non-compliance 

The Ghana Revenue Authority (GRA) has arrested managers of some hardware and general merchandise shops in the Weija-Kasoa enclave in the Greater Accra and...

Vodafone cash subscribers to benefit from new partnership with Remitly

Vodafone Cash has announced a strategic partnership with Remitly Inc., a Seattle-based international money transfer company recognized on the Top 100 Cross-Border Payment Companies...

NPP applauds ECOWAS verdict; Agyapa Royalties deal legitimate

The New Patriotic Party (NPP) Communications Director, Mr Richard Ahiagbah, has emphatically asserted the innocence of the government following the ECOWAS Community Court of...

Mahama speaks on 10% tax on betting [Video]

Ex-President John Dramani Mahama has touched on the ruling New Patriotic Party (NPP) imposing a 10 per cent tax on betting (cash-outs) in Ghana....

Blossoming futures: The remarkable journey of the Ghana garden and flower show

In the bustling city of Accra, a seed was planted in the year 2013. A seed that would grow into a movement, a beacon...

Ghana’s 2022 imports exceeded exports by GH₵‎4.5bn

Ghana faced a notable trade imbalance in 2022, as indicated by the inaugural Trade Vulnerability Report from the Ghana Statistical Service. The report reveals that...

BoG’s role in Debt Exchange Programme defended amid GH¢60bn losses

The Director of Research at the Institute of Economic Affairs (IEA) has defended the Bank of Ghana (BoG) against undue blame for its participation...

Petrol to sell at GHS12.97, diesel GHS13.43 per litre within 48hrs – COPEC

The Chamber of Petroleum Consumers (COPEC) is predicting that fuel prices may go up by 5.7% within the second pricing window of  August 2023...

Bank Commercial Paper as an alternative to T-Bills as latter faces possible re-structuring

It is imperative that government reduces yields (interest rates) on T-Bills, given the country’s current precarious economic situation, this is no time for the...

VRA records ¢110.8m profit in 2022 – Auditor General Report

The Volta River Authority (VRA) recorded a profit of ¢110.893 million in 2022, about 1.7% decline over the previous year, the 2022 Auditor General...

Govt to borrow ¢38.959bn via treasury bills

Government will borrow a whopping ¢38.959 billion via treasury bills for the third quarter of 2023. According to its issuance calendar released by the Ministry...

Majority Leader justifies 10% withholding tax on betting, lottery winnings

The Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu, has justified the Ghana Revenue Authority’s 10% withholding tax on all gross gaming winnings scheduled to commence...

IMF clarifies Bank of Ghana’s GH¢60 billion loss

The International Monetary Fund (IMF) has addressed the concerns surrounding the Bank of Ghana's (BoG) GH¢60 billion loss incurred during the 2022 fiscal year,...

Tame inflation, GH¢60bn loss not excuse to shirk policy mandates – IMF tells BoG

The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced...

E-Levy misses target by GH¢527.27 million – 2 Economists advocate replacement

The electronic transfer levy (E-Levy) accrued GH¢455.58 million for the first half of this year, missing its target by 53.64 per cent. This is against...

Why BoG is constructing new Head Office building as most important priority project

The Bank of Ghana has reacted to the Minority group in Parliament on the Bank’s 2022 published Annual Report and Financial Statements Background to large...

Tullow Oil’s P/E ratio of 41 signals investor confidence in higher income growth

With a trailing price-earning ratio (P/E ratio) of 41, Tullow Oil equity is highly valued by investors as a company that has the capability...

High T-bill yields to taper over next 18 months; inverted yield curve to persist in medium-term

High interest rates (yields) on the 91 day, 182 day and 364 day Treasury Bills are expected to taper (reduce) as they mimic the...

Why you should buy BOPP shares on the GSE

Ghanaian oil palm plantation and company, the Benso Oil Palm Plantation (BOPP), has performed tremendously well on the Ghana Stock Exchange (GSE) since the...

Our current building not fit for purpose – BoG justifies $250m new project

The Bank of Ghana (BoG) has disputed assertions by the National Democratic Congress (NDC) that the construction of its new $250 million headquarters is...

Good news for Ghanaian tailors, seamstresses

In the coming days, the Youth Employment Agency (YEA) will support over 500 tailors and seamstresses in the country with GHC10,000. According to the Chief...

GNCCI pledges to work with Multimedia Group Limited to drive economic development

The Ghana National Chamber of Commerce and Industry (GNCCI) has pledged its commitment to deepen collaboration with Multimedia Group Limited to help in articulating...

NPP would’ve equally called for BoG Governor’s head – Minister

A Deputy Minister of Trades and Industry, Dr Stephen Amoah, says the Minority’s demand of the Central Bank’s Governor to resign in 21 days...

BoG replies NDC on bankruptcy claims

The Bank of Ghana (BoG) has said it cannot be insolvent or bankrupt, as claimed by the National Democratic Congress (NDC). This comes barely 24...

Lottery wins attract 10% tax – Takes effect August 15

Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means...

Ofori-Atta justifies “turned the corner” remark

The Finance Minister, Ken Ofori-Atta, has justified the comment he made during the presentation of the 2023 mid-year budget review to the effect that...

Govt extends deadline of domestic dollar bonds to August 18

Government has extended the deadline for the domestic dollar bonds to Friday, August 18, 2023. The bonds were originally scheduled to end on August 4,...

Economist backs NDC’s call for resignation of BoG governor

Economist and lecturer at the University of Ghana Business School (UGBS), Professor Godfred Bokpin, has assented to the National Democratic Congress' (NDC) call for...

Ghana ranked among 10 countries globally with highest food inflation

Ghana has been ranked among 10 countries in the world with the highest food inflation. According to a Food Security Report by the World Bank,...

Govt officials have lost hope in banking sector – MP on Cecilia Dapaah saga

Member of Parliament (MP) for the Asunafo South, Eric Opoku, has said the recent theft of substantial foreign and local currencies from former Sanitation...

Govt led BoG into a deep ditch – MP

Member of Parliament (MP) for the Asunafo South Constituency, Eric Opoku, has supported NDC's call for the resignation of Bank of Ghana governor, Dr...