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$3bn IMF deal: Let’s brace ourselves for the needed reforms – Finance Minister

Minister of Finance, Ken Ofori-Atta, has reiterated that securing the International Monetary Fund (IMF) programme is not an end to Ghana’s current challenges. He said...

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...

1D1F: APPEB launches new standard LPG cylinders

APPEB cylinder manufacturing company limited under the "One District One factory" (1D1F) project has launched locally produced fire-resistant cylinders. The product has a distinct orange...

Ghana’s economy showing signs of stabilisation – IMF

The International Monetary Fund (IMF) staff team, led by Stéphane Roudet, has acknowledged that Ghana’s economy is bouncing back barely a month after the...

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...

Egyapa Mercer blames NDC for huge energy sector debt

Deputy Energy Minister Andrew Egyapa Mercer has accused the National Democratic Congress (NDC) of being responsible for costly Power Purchasing Agreements (PPAs) that have...

World Bank director did not speak based on facts – John Jinapor

A Ranking member of the Mines and Energy Committee, John Jinapor, has criticized some assertions made by the World Bank Country Director about power...

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...

SIM re-registration: Your momo account is safe even if you lose your number – MTN assures

The Chief Executive Officer of MTN Ghana, Selorm Adadevoh, has assured that mobile phone subscribers who may lose their phone numbers for not re-registering...

Petrol, diesel prices to stay same; LPG to go down 5% – IES

Prices of petrol and diesel are expected to stay the same in the first two weeks of June 2023. However, the price of Liquefied Petroleum...

Ghanaian Real Estate Developers set to showcase Property in Toronto Canada

Ghana’s leading property developers are set to participate in the premier and only African real estate exhibition in Canada. Tagged the Africa Property Market...

Anointed Electricals Engineering Services Ltd expands with new Bolgatanga branch

Anointed Electrical Engineering Services Limited has officially opened its cutting-edge office in Bolgatanga, situated in the Upper East region. The new branch will serve as...

Cedi under increasing pressure: suffers 9% depreciation against dollar in past week

The Ghana cedi is facing mounting pressure as its recent strong performance fades away, relinquishing its position as the world's top-performing currency over the...