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Gold for oil deal will stabilise fuel prices – NPA

The National Petroleum Authority (NPA), says the government’s 'Gold for Oil' deal will contribute to efforts to stabilise the prices of petroleum products across...

Good news as $1 now ¢10.40

The Ghana cedi continued its recent gain against the US dollar, starting the week on a positive note. Checks by Joy Business at the forex...

12.5% VAT to blame for mobile data price increment – MTN

Telecommunications company, MTN is attributing the increase in the price of mobile data and other services to the implementation of the 2.5% statutory adjustment...

Ghana withdraws $672 million back-tax demand from MTN Group

MTN Group Limited, Africa’s largest wireless carrier, has said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana Revenue Authority (GRA)...

GOIL attributes drop in diesel price to Gold for Oil barter deal

A leading Oil Marketing Company (OMC), GOIL, has attributed the reduction in the price of diesel today, January 3, 2023 to the impact of...

Cedi chases dollar, ¢1 now ¢12.50

The Ghana cedi continued its marginal improvement against the US dollar today February 3, 2023, selling at ¢12.50. This is about 3.1% gain to the...

Education Minister commends Ghana Gas

Minister of Education, Dr Yaw Osei Adutwum, has acknowledged the massive and excellent contributions of the Chief Executive Officer of the Ghana National Gas...

Cedi continues stability against dollar; 1$ equals ¢12.60

The Ghana cedi continued its good running against the US dollar for almost two weeks as it sold at ¢12.60 to one US dollar...

Exim Bank retrieves ¢48m debt owed by commercial banks

The Ghana Exim Bank says it retrieved over ¢47 million owed by various commercial banks between 2009 and 2022. According to the development bank, the...

23 arrested at Agbogbloshie for selling foodstuffs under unhygienic conditions

Public Health Officers from the Accra Metropolitan Assembly(AMA) have arrested some 23 traders at the Agbogbloshie market for selling foodstuff on bare floors and...

Individual bondholders with old bonds will struggle to sell – John Kumah

Government has cautioned individual bondholders on the consequences of failing to sign on to the new terms of the Debt Exchange Programme. The Finance...

ECG can’t trace directors of 23 indebted companies

The Electricity Company of Ghana (ECG) cannot trace the directors of 23 companies that are indebted to it to the tune of millions of...

GRA descends on Melcom over issuance of fake electronic VAT invoices

Managers for Melcom, Kasoa, North Kaneshie and Achimota branches have been picked up by the Customs Division of the Ghana Revenue Authority (GRA) for...

Petrol, diesel now sell at ¢15.25, ¢15.90 per litre at pumps

Some Oil Marketing Companies(OMCs) have started increasing prices of petroleum products at the pumps from today, Wednesday, February 1, 2023, as anticipated. One of...

Cedi to remain stable against dollar

The Ghana cedi is expected to remain stable and probably improve its value against the dollar in the coming days and weeks. This is due...

Registrar-General strikes out defaulting business names; over 500K to be affected

The Office of the Registrar of Companies (ORC) has started the process of striking out 513,338 business names which have lapsed from the Business...

Deadline for Domestic Debt Exchange Programme extended to Feb. 7

Government has extended the deadline for the Domestic Debt Exchange Programme (DDEP) to February 7, 2023. The Finance Ministry in a press release on Tuesday...

Vodafone Ghana clears air on recruitment

Vodafone Ghana says the public should disregard reports that it is recruiting new persons for various positions in the company. In a press release on...

$100m lost yearly to corruption at ports

An estimated US$8.3million in monthly revenue is lost through corrupt practices at the country’s seaports. This sum amounts to almost US$50million every six months and...

Ban on rice importation not possible – Senyo Hosi

Former Chief Executive Officer of the Chamber (CEO) of Bulk Oil Distributors, Senyo Hosi, has said that government’s intent to ban rice importation is...

Telecel sends SoS message to Vodafone workers over sale

Management of Telecel group has assured the staff of Vodafone of no layoffs as it takes over the company. This follows the National Communications...

Individual bondholders to get better offer if… Finance Minister

Finance Minister, Ken Ofori Atta, has assured that government will soon present a better offer to individual bondholders who will participate in the ongoing...

Mobile Money transactions hit ¢1.07 trillion in 2022

Total Mobile Money transactions in 2022 hit a record ¢1.07 trillion despite the existence of the Electronic Transaction Levy (E-Levy), the January 2022 Summary...

Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

A Convener of the Individual Bond Holders Association of Ghana (IBHAG), Martin Kpebu, says the Minister of Finance, Ken Ofori-Atta, may, in the coming...

Fuel prices to increase by 7% to 13%

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG),...

Ghana officially opens its market to US pork and pork products export

Ghana has officially opened its market to pork and pork products exported from the United States of America. In a statement sighted on the US...

Don’t jail me if I fail to pay GH₵20m in April – Ato Essien appeals

Founder of defunct Capital Bank, William Ato Essien, says he should not be jailed if he fails to pay GH₵20 million to the state...

Court remands accountant over ¢69k fraud

An Accra High Court has remanded a 45-year-old accountant, Fredrick Wundowah, for defrauding a trader to the tune of GH₵69,000.00. Mr Wundowah allegedly collected...

IMF presses Ghana to stop borrowing from its central bank

The International Monetary Fund (IMF) is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The...

Full Report: Technical Committee on exclusion of individual bondholders from Debt Exchange Programme

Read the full report of the Technical Committee that sat on the exclusion of Individual Bondholders from the Domestic Debt Exchange (DDE) programme:

Cedi to continue stability against dollar

The Ghana cedi is expected to further stabilise against the US dollar on the back of continued Bank of Ghana’s support. The cedi traded at...

Ghana ranked first in West Africa Digital Competitiveness Index 2022

Digital Foundation Africa, a pan-African think tank focused on unlocking and shaping the continent’s digital future through research, policy and skill development and advocacy...

AGI cries over new utility tariffs

The Association of Ghana Industries (AGI) has described the level of utility tariff increments for water and electricity by the Public Utilities Regulatory Commission...

Govt reaches agreement with banks on new terms for debt exchange programme

The Government of Ghana and the Ghana Association of Banks (GAB) have made significant progress on the terms of participation of Banks in the...

Unproductive state entities to be punished

Specified entities which have failed to meet Key Performance Indicators (KPI) in 2022 are likely to have their budget for 2023 withheld. This is to...

GPHA reacts to delay in Keta Port project

The Ghana Ports and Harbours Authority (GPHA) has kicked against pressure being mounted from certain quarters to hit the ground running with the Keta...

MTN Ayoba MoMo Accelerator Awards: Noni Hub wins ultimate prize

Mobile telecommunications giant, MTN Ghana, has rewarded five startup hubs who emerged winners at the maiden MTN Ayoba MoMo Accelerator competition. This competition was created...

Zenith Bank Ghana ceases operations as Trustee in securities industry and capital market

The Securities and Exchange Commission (SEC) has announced that Zenith Bank Ghana has voluntarily ceased to operate as a Trustee in the securities industry...

Debt exchange programme voluntary – Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has said that the debt exchange programme is a voluntary exercise. Mr Ofori-Atta said government anticipates an 80% per cent...

Govt may grant some demands of individual bondholders – Ofori-Atta hints

The Finance Minister, Ken Ofori-Atta, has indicated that government will grant some concessions to Individual Bond holders under the Domestic Debt Exchange Programme. He, however,...