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IMF predicts Ghana to attain moderate risk of debt distress by 2028

The International Monetary Fund (IMF) recently disclosed in its Staff Report on Ghana that the country is projected to reach a moderate risk of...

From Lemonade Finance to LemFi: International payments for everyone

In a bold move to further its commitment to providing international payments for everyone and better serve its expanding community, Lemonade Finance announces its...

IMF facility will not spell the immediate end of the difficulties we are in presently but…- Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said that the country’s recent agreement with the International Monetary Fund (IMF) will help to restore confidence and...

Govt will restore public debt sustainability – Dr John Kumah

Deputy Finance Minister Dr John Ampontuah Kumah, is assuring the public of government’s resort to restore public debt sustainability in order to restore the...

IMF Bailout: Choices to make

On July 1, 2022, the Government of Ghana announced it was heading to the International Monetary Fund (IMF) to seek an Enhanced Credit Facility...

MTN shareholders to receive dividend in cash or new ordinary shares

Shareholders of MTN Ghana are to receive their dividends in cash or in new ordinary shares. This is subject to the adoption of Special Resolution...

JUSAG strike: NLC to meet leadership to address concerns

The National Labour Commission (NLC) is expected to meet the leadership of the Judicial Service Association of Ghana (JUSAG) before the close of the...

BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps)...

World’s Richest man loses $11.2b in a day

You might not have heard of him, but Bernard Arnault is the richest person in the world. The Frenchman has a personal wealth of 176.6 billion...

Michael Gyapah wins ‘CEO of the Year 2022’ in the ‘Private Security Sector’ at Ghana CEO Summit

The Managing Director of G4S Security Services Ghana Ltd, Mr Michael Gyapah, was awarded “CEO of the Year 2022” in the “Private Security Sector”...

Our programme is strong; it’ll fix Ghana’s crisis if implemented prudently – IMF

Resident representative of the International Monetary Fund (IMF), Dr Leandro Medina, says Ghana’s economic crisis will be fixed if the government goes by all...

Letshego Ghana to provide funds for farmers through partnership with Ghana Commodity Exchange

Letshego Ghana, a subsidiary of Letshego Holdings Limited has recently partnered with the Ghana Commodity Exchange (GCX) to facilitate and provide funding for farmers...

Mahama to speak at 2023 Korea Africa Business Summit

Former President John Dramani Mahama is in Seoul, South Korea, at the invitation of the Korea-Africa Foundation to participate in the 2023 Korea-Africa Business...

Pehlora: Redefining organic skincare in Ghana and Africa

When it comes to skincare and haircare, using safe and effective products is essential. Enter Pehlora, a groundbreaking Ghanaian organic skincare brand that provides an...

Approval of Ghana’s IMF programme in 10 months is a record – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has stated that Ghana’s International Monetary Fund (IMF) bailout prorgramme which took 10 months to be completed is one...

Our position on BoG Act is to ensure clarity of law – Governor

The Governor of the Bank of Ghana, Dr Ernest Addison, has revealed that his outfit’s position on the new Bank of Ghana Act is...

Cedi to continue good run against dollar; gained almost 9% last week

The Ghana cedi is expected to continue its good run against the US dollar and the other major currencies on the retail market this...

E-Levy rakes in ¢861.47 million in 11 months of implementation

Data from the Ghana Revenue Authority (GRA) indicates that the Electronic Transfer Levy (E-Levy) implemented in May 2022 raked in ¢861.47 million as of...

Newmont pays over GHS 800 million as Q1 taxes to Gov’t of Ghana

Newmont Africa has announced that in the first quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GHS...

GRA starts property rate collection

The Ghana Revenue Authority (GRA) has announced that it will be sending Technical Support Officers (TSOs) and Client Support Officers (CSOs) to private and...

BoG keeps policy rate unchanged at 29.5%; cost of loans to remain high

The Monetary Policy Committee (MPC) of the Bank of Ghana has kept its policy rate unchanged at 29.5%. It cited a slowdown in inflation as...

Mobile money transactions hit ¢550.4bn in four months of 2023  

Total mobile money transactions for the first four months of 2023 surpassed ¢550 billion, about 66.2% year-on-year growth, data from the Bank of Ghana...

The letter Ken Ofori-Atta and Dr Ernest Addison wrote to the IMF boss for liquidity support

As Ghana receives an IMF Executive Board approval, let’s look at the letter Finance Minister, Kenneth Ofori-Atta and Governor of Bank of Ghana, Dr...

Cedi depreciates 21.7% to dollar in May 2023 – BoG

The Ghana cedi lost about 21.7% in value to the US dollar on the interbank forex market as of May 2023, the Bank of...

BoG receives first tranche of IMF cash

The first tranche of the $3 billion International Monetary Fund Extended Credit Facility (ECF) has been credited to the Bank of Ghana’s account. Joy Business...

Ghana’s debt fell ¢141.1bn to ¢434.6bn in December 2022 – BoG

Ghana’s public debt stock fell by ¢141.1 billion in December 2022 to end the year at ¢434.6 billion, approximately 71.2% of Gross Domestic Product,...

We are engaging Surfline over service outage – NCA

The National Communications Authority (NCA) says it has noted “with grave” concern inquiries by the public regarding Surfline’s operations and service outage. The Authority confirmed...

8 arrested for failing to issue VAT invoice to customers

The Ghana Revenue Authority (GRA) has arrested eight shop caretakers for failing to issue the authority’s VAT invoice to customers. The Compliance Enforcement Unit of...

Be bold about banning rice importation – Jospong CEO urges govt

The Executive Chairman of the Jospong Group of Companies (JGC), Dr. Joseph Siaw Agyepong, has assured Ghanaians that with the advent of the Jospong...

IMF’s first tranche of $600M to hit BoG account today

Governor of the Bank of Ghana (BoG), Ernest Kwamina Yedu Addison, has revealed that the first tranche of $600 million from the International Monetary...

BoG’s goal is to bring inflation to 6-10% target by 2026 – IMF

The Bank of Ghana’s (BoG) monetary policy goal is to bring inflation to 6-10% target by the end of the International Monetary Fund (IMF)...

Two arrested by GRA for cash invoice default

Two persons have been picked by the Tax Compliance Unit of the Ghana Revenue Authority for failing to issue Ghana Revenue Authority’s (GRA) cash...

Sinapi Aba Savings and Loans wins innovation hero award

Temenos has announced its 2023 Client Awards Winners at the Temenos Community Forum (TCF) in Vienna, celebrating the global pioneers, innovators, and visionaries in...

This is what the IMF said after approving Ghana’s $3bn bailout request

The International Monetary Fund (IMF) has approved Ghana's $3 billion bailout request to revive its struggling economy. The decision was made by the IMF's...

Ghana cedi becomes world’s best-performing currency; this is why

Ghana's currency, the cedi, has emerged as the top-performing currency against the US dollar in the past six months, bolstered by investor optimism that...

Govt exhibits commitment to improve governance, transparency under Fund -supported programme – IMF

The International Monetary Fund (IMF) says the Ghana government has exhibited commitment to improve governance and transparency under the Fund-supported programme. For example, it said...

Cedi to record further gains against dollar – Forex Bureau Association

The Forex Bureau Association of Ghana is predicting further gains by the cedi in the coming days, following a financing assurance secured from Ghana’s...

IMF to publish details of Ghana’s programme after possible Board approval

The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam, has announced that the International Monetary Fund (IMF) will publish full details...

GRA chases 93 businesses for not issuing VAT invoices

The Enforcement Unit of the Ghana Revenue Authority (GRA) says it is set to prosecute some 93 shops and business owners for failing to...

Cedi to record gains against dollar as expected IMF deal impacts market

The Ghana cedi is expected to record gains against the dollar and other major foreign currencies this week, as the progress of the International...