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BoG posts GH¢60.81bn losses in 2022

The Bank of Ghana has posted losses totaling GH¢60.81 billion for the 2022 financial year.  This compares to a profit of GH¢1.23 billion recorded in...

Selling of coins causes inflation – Financial expert

A financial expert, Michael Annan, has disclosed that the sale of coins on streets is a contributory factor to Ghana's economic crisis. According to him,...

IPPs contemplate shutting down plants as govt fails to settle $2bn debt

The Independent Power Producers in Ghana are facing an imminent crisis as they contemplate shutting down their power plants in the coming days if...

Importers and Exporters urged to refrain from unlawful practices

Importers and Exporters have been advised to refrain from engaging in unlawful practices to reduce duty payments, as they may face consequences during the...

FXKudi partners MoMAG to promote financial inclusion in informal sector

FXKudi has partnered with the Mobile Money Advocacy Group, Ghana (MoMAG) to promote financial inclusion in the informal sector. According to the Head of Sales...

There’s a need to revisit structure, nature of taxes – Ken Ofori-Atta

In a crucial meeting with the business community ahead of the mid-year budget review, the Finance Minister, Ken Ofori-Atta, addressed pressing issues concerning the...

Zoomlion creates 200 new jobs as RM Commissions Tamale Wastewater Treatment Plant

Northern Regional Minister, Alhasan Saani Shaibu, has commissioned a 1,000 metric ton Wastewater Treatment Plant at Gbalahi, a suburb of Tamale in the Sagnarigu...

Gov’t must prioritise simple, affordable tax policies – GUTA

The Ghana Union of Traders Association (GUTA) has urged government to prioritise and implement policy actions that will make tax affordable, simple for businesses,...

Standard Chartered posts strong income growth in 2022

Standard Chartered Bank Ghana PLC has held its 53rd Annual General Meeting to present the Annual Report and Financial Statements for the year ended...

NAM1 makes 36th court appearance amidst heavy police presence

Embattled Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah (NAM1), has made his 36th appearance in court without trial as his...

‘KenMustGo’ is unnecessary now – Tolon MP

Ghana’s Minister for Finance, Ken Ofori-Atta, has come under intense pressure to resign from office or be sacked with the argument that his performance...

Sewerage systems relieve Western Region with 20 million euros wastewater treatment plant

The Western Regional Minister, Kwabena Okeyere Darko-Mensah, has noted that only 10% of faecal waste collected in the region is treated. This implies that the...

Goodbye to Twitter as Elon Musk rebrands platform to single letter, ‘X’

The internet is abuzz as the app formerly known as Twitter announced a name change over the weekend. X.com now redirects to Twitter.com, although the social...

Most banks have purchased ‘bulletproof’ bullion vans – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has confirmed that the majority of banks in the country have complied with...

BoG hikes policy rate by 50 basis points to 30%

The Monetary Policy Committee of the Bank of Ghana has increased its Policy Rate by 50 basis points to 30%. This increment is targeted at...

Total Mobile Money transactions hit ¢859bn in half-year 2023 – BoG

Total Mobile Money Transactions reached a record ¢859 billion in the first six months of 2023, data from the Bank of Ghana (BoG) has...

Beige Bank case: Gifty Afenyi Dadzie was untruthful to the police investigators – Lawyers

Defence lawyers in the case in which the founder of defunct Beige Bank is standing trial have told the High Court in Accra that...

India bans rice shipments to curb price rises

India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes. Heavy rains have hurt crops in...

Taking BOST margin away will be suicidal – MD

https://youtu.be/q7cUFZp4MUE Managing Director (MD) of the Bulk Oil, Storage and Transportation Company (BOST), Edwin Alfred Provencal, has been making a case for the increment of...

Ghana’s economy expected to recover its potential by 2025 – World Bank

Ghana’s economy is expected to recover its full potential by 2025, the World Bank has revealed in its latest Economic Update. The report titled Price...

Don’t circumvent duty payment – GRA warns importers, exporters

The Deputy Ashanti Regional Commander, Customs Division, Ghana Revenue Authority (GRA), Evans Teye Agbozo, has cautioned importers and exporters against the practice of bypassing...

Trade war: Asaki clashes with GUTA President for pampering govt

Executive Secretary of the Importers and Exporters Association of Ghana has launched a salvo at the Ghana Union of Traders Association (GUTA) for being...

Beige Bank trial: Investigator gives interesting twist

It has emerged at the Financial and Economic Division of the High Court in Accra that the Investigator in the case in which the...

BoG Report: Governor signals significant revenue loss, blames Domestic Debt Exchange Programme

The Governor of the Bank of Ghana, Dr Ernest Addison, has predicted that the yet-to-be-released BoG report will reveal a high revenue loss for...

Mchezo Limited: The proud owner of betPawa, Africa’s popular online betting brand

Who Owns betPawa? betPawa is an online betting brand that is owned by Mchezo Limited. The betting brand runs on a gaming technology platform provided by...

Nii Amankra Tetteh appointed Letshego Ghana CEO

The Board of Letshego Ghana (Letshego Ghana Savings and Loans PLC), a subsidiary of the pan-African inclusive finance Group, Letshego (Letshego Holdings Ltd) is...

Attorney-General inaugurates Registrar of Companies office in Kumasi

The Attorney-General and Minister of Justice, Godfred Yeboah Dame, has said the Office of the Registrar of Companies (ORC) possesses the ability to be...

Budget review: COPEC warns against introduction of new taxes on fuel

The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum...

Cedi’s outlook to be stable this week

The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency...

Urgent action plan needed to deal with energy sector crisis – World Bank warns govt

Global financial institution, World Bank, is warning of interruption to the power supply in Ghana if government fails to fix the financial challenges facing...

Ghana’s economy will get worse before getting better – Fitch Solutions

Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023. This is coming despite the expansion...

Jubilee Oil Field production surpasses 100,000 barrels a day – Tullow 

Tullow Oil has announced that gross crude production on the Jubilee Field has surpassed 100,000 barrels per day for 2023. This was captured in an...

Govt announces new DDEP for U.S dollar denominated domestic bonds

Government has announced a new Domestic Debt Exchange Programme (DDEP) for U.S dollar denominated domestic bonds. A statement from the Ministry of Finance dated July...

A new VALCO beckons: Govt seeks Strategic Investor to galvanize Integrated Aluminium Industry (IAI)

The Volta Aluminium Company (VALCO) was established as a collaborative venture between the Government of Ghana and Kaiser and Reynolds of the United States...

Securing debt repayment: Significance of mortgages as security for debt settlement in Ghana

A mortgage is a creation of an interest in (originally the conveyance of) real or personal property by a debtor/borrower (the mortgagor) to a creditor/lender...

Govt to sell Bolgatanga meat factory, 16 others

The Ministry of Public Enterprises has announced its intention to divest 17 non-operational state-owned enterprises. Among these entities are the State Construction Company, Bonsa Tyre...

ECG disconnects TOR again

The Electricity Company of Ghana (ECG) National Taskforce has once again disconnected the Tema Oil Refinery (TOR) from the national power grid for failure...

ECG disconnects customers owing over ¢700K

As part of the ongoing revenue mobilisation drive by the Electricity Company of Ghana, dubbed “Operation Zero,” the Musahamat Banana Farm at Aveyime and...

Why TOR urgently needs a strategic partner

Tema Oil Refinery (TOR) says it has put in place machinery to adopt Torentco Asset Management (TAM) as a strategic partner. Management of TOR...

Ghana’s inflation rises to three-month high on soaring food prices

Ghana's inflation rate climbed to a three-month high in June, primarily driven by soaring food prices.  After reaching a more than two-decade high of 54.1%...