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Prices of petrol and diesel to fall – COPEC

Prices of petrol and diesel are expected to fall between 3.7% and 4.04% per litre, beginning Thursday, March 2, 2023. According to the Chamber of...

Govt pays GH¢87 billion worth of bonds

Government has successfully concluded the Domestic Debt Exchange Programme (DDEP) for GH-denominated notes and bonds issued by the state, the Energy Sector Levy Act...

Sanitation Minister urges Jospong group, others to invest in recycling of used vehicles

The Jospong Group of Companies (JGC) and other interested private companies in Ghana’s waste management space have been urged to look at the possibility...

NEIP launches $200K Hub Acceleration Grant Programme

The National Entrepreneurship and Innovation Programme (NEIP) has launched the Hub Acceleration Grant Programme to support and accelerate Start-ups and SME growth in Ghana....

Govt postpones meeting with China on debt cancellation

Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late March 2023. This is owing to...

Only OMC’s with 45 retail outlets will receive gold for oil products – NPA

The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid, has said the NPA in consultation with the Association of Oil Marketing...

Bond market: Turnover declines 80.3% to ¢135.63 m

Market activity on the bond market declined sharply as total turnover plummeted 80.3% to ¢135.63 million. This is coming after the government concluded the Domestic...

DDEP: Final principal amounts of new bonds announced

The government has announced the final principal amounts of new bonds issued in the Domestic Debt Exchange Programme’s (DDEP) settlement.  According to the Finance Ministry, “new...

Cedi lost 3.14% value to dollar last week; near-term outlook uncertain

The Ghana cedi lost about 3.14% value to the US dollar last week as the renewed depreciatory pressures set in. It started the week at...

MIIF grows beyond GHs3 billion as it outperforms global markets in 2022 

The Minerals Income Investment Fund (MIIF) has in its performance update for 2022 said, it now has Ghs 3.2 billion in Assets Under Management...

Letshego Holdings appoints Gorata Tlhale as Company Secretary

Africa’s inclusive finance provider, Letshego Holdings Ltd (Letshego Group) has appointed Gorata Tlhale Dibotelo as Head of Group Legal, Governance and Group Company Secretary...

Banks wrote-off about ¢5.9 billion as bad debt in 2022

Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022. According to the Domestic Money Banks Income Statement, this is about...

Cedi falls, $1 now ¢12.90

The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to the US dollar today...

All outstanding matured coupons to be honoured after February 21 – Finance Minister

The Finance Minister, Ken Ofori-Atta, has finally given a timeline to honour outstanding bonds which matured on February 6 for which government defaulted. According to...

Meet the brain behind multi-national company, Zeepay

Chief Executive Officer of Zeepay, Andrew Takyi-Appiah, has shared how he moved from a place of nothingness to establish a multinational company. The journey, according...

Debt roundtable to focus on broad restructuring hurdles – IMF

The International Monetary Fund’s (IMF) strategy director on Tuesday said the goal of a new sovereign debt panel of creditors and borrowers due to...

Full text: Ken Ofori-Atta’s statement to Parliament on DDEP

The Finance Minister, Ken Ofori-Atta, was in Parliament on Thursday to present a statement on the country’s Domestic Debt Exchange Programme (DDEP). He clarified those...

COVID-19, Russia-Ukraine war to blame for Ghana’s debt – Ken Ofori-Atta

Finance Minister, Ken Ofori Atta, has reiterated that the current state of Ghana’s debt is due to the lingering effects of the Covid-19 pandemic...

DDEP: Ofori-Atta claims to have exempted pensioner bondholders but they are yet to get any notification

Finance Minister, Ken Ofori-Atta, says his outfit has written to the Pensioners Bondholders Forum about their exemption from the Domestic Debt Exchange Programme (DDEP). This...

Fuel prices drop by 5 percent

Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the pumps from today, February 16, 2023. This is the second...

Fitch downgrades Ghana’s creditworthiness to deeper junk status

International ratings agency, Fitch Ratings, has downgraded Ghana’s creditworthiness to further junk status. In its latest report on Ghana, it said “Fitch Ratings downgraded Ghana’s Long-Term...

ECG, NEDCo’s indebtedness impacting negatively on our operations – GRIDCo

The Ghana Grid Company Limited (GRIDCO) is warning that constant power supply could be hampered if its cash flow challenges are not addressed immediately. The...

Fuel prices to fall between 7.1% and 10.8% from February 16

The prices of petrol and diesel are expected to drop significantly between 7.1% and 10.8% at the pumps, from Thursday, February 16, 2022. However, that...

IMF appoints Resident Adviser to Bank of Ghana

The International Monetary Fund (IMF) has appointed Leonard Chumo, Resident Adviser in financial sector supervision, to the Bank of Ghana (BoG). He is expected to...

Cedi continues rise against dollar

The Ghana cedi continued to rise steadily against the US dollar amidst the Bank of Ghana’s tight foreign exchange intervention. The regulator sold only...

Tullow refers tax dispute with GRA to International Arbitration

Tullow Oil Plc has announced that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in...

Good news for bondholders

Government has assured persons who refused to exchange their bonds for new ones under the Domestic Debt Exchange Programme that their outstanding coupon payments...

Individual bondholders to protest on February 20

Individual bondholders are pilling pressure on the Finance Ministry to pay the over ¢4 billion in interest and principal on which the ministry defaulted. The...

Business Lens Global – CEO speaks at Coventry University about urban air mobility

Dr Fidel Owusu Agyei, Chief Executive Officer and President for Business Lens Ghana and Africa represented Ghana at the Urban Air Mobility Service Dialogue...

Debt exchange: Govt gets over 80% participation

Government is said to have achieved the 80 percent target need for the Domestic Debt Exchange Programme (DDEP). The programme, is part of the requirements...

Ga East market women call for Municipal Chief Executive’s head [Video]

https://youtu.be/CQTzru9glR8 Traders at Dome, Kwabenya and Taifa markets in Accra want the Chief Executive of the Ga East Municipal Assembly, Kaakie Mann dismissed. The traders at...

Former CJ Sophia Akuffo joins bondholders to picket at Finance Ministry [Photos]

A former Chief Justice, Sophia Akuffo, on Friday, February 10, joined Pensioner bondholders to picket the Finance Ministry. This is the fifth time that members...

Cedi extends gains against major trading currencies

The cedi extended its gains against major trading currencies last week, raising hopes that the local currency is beginning to stay steady ahead of...

How are you getting the gold? – Alex Mould quizzes govt over gold-for-oil deal

JoyNews/AdomNews · ALEX MOULD ON GOLD A former Chief Executive Officer of the National Petroleum Authority (NPA) has said there is nothing innovative about the...

Illegitimate post-retirement contract for Commissioner-General of GRA creating tension; act – Prof Gyampo to Akufo-Addo

Political Scientist Prof Ransford Gyampo has detailed, unfair and illegitimate contract extensions for key officers at the Ghana Revenue Authority (GRA), including the Commissioner...

Cocoa export to hit $4.1bn in 2025 – Oppong Nkrumah

The export of cocoa beans will rake in $4.1 billion for the country in 2025, Minister of Information, Kojo Oppong Nkrumah, has disclosed. According...

Beige Bank case: Witness gives evidence on ‘fictitious deals’

Julius Ayivor, a witness in the ongoing trial of Michael Nyinaku, Chief Executive Officer (CEO) of the defunct Beige Bank, has provided insights into...

Full text: Ken Ofori-Atta’s address on DDEP deadline eve

Finance Minister Ken Ofori-Atta addressed the nation on Monday recommending that bondholders accept the Domestic Debt Exchange Programme (DDEP) otherwise, reviving the economy will...

Ghana Gas to build second Processing Plant; 1.5k jobs assured

The Ghana National Gas Company (GNGC) has signed a project agreement for the construction of a second Gas Processing Plant (Train 2). The ceremony was...

T-bills auction: Government records 37.3% oversubscription; interest rates still high

Government recorded a 37.3% oversubscription of Treasury bills sale for the second week running, as the short term securities market remain the only source...