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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...

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...