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Ghana, 4 other states get USD 250 million EBID fund

Five (5) member states of the ECOWAS Bank for Investment and Development (EBID) will receive funding of USD 250 million for various projects. The funding...

Former Groupe Nduom workers appeal for release of Provident Fund

Former workers of the defunct Groupe Nduom (GN) Savings and Loans Limited have appealed to the government to facilitate the immediate release of their...

Nana B tackles GRA over tax collection approach in Ashanti Region

The National Organiser of the New Patriotic Party (NPP), Henry Nana Boakye, has taken on the Ghana Revenue Authority (GRA) over its tax collection...

Transport Ministry backs Airports Company service charge review

A Deputy Minister of Transport, Hassan Tampuli, has backed the request of the Ghana Airport Company Limited (GACL) to have its user fees and...

Palace Mall, China Mall Managers abandon shops

Managers of popular retail shopping centres, Palace Mall and China Mall, have this week abandoned their shops after failing to comply with the new...

Free Zones Authority CEO embarks on regional tour to licensed free zone firms

The Chief Executive Office of the Ghana Free Zones Authority, Mike Ocquaye Junior, has embarked on a regional tour to licensed free zone companies...

GRA shuts down 4 branches of Palace Mall

The Ghana Revenue Authority (GRA) has shut down four branches of retail shop, Palace Mall in the Greater Accra Region. The action on Tuesday follows...

World Bank and IMF warn of possible global recession

The International Monetary Fund (IMF) and the World Bank have warned of a possible global recession at the start of the annual meeting of...

GRA closes China Mall for refusing to fix electronic VAT system

The enforcement team of the Ghana Revenue Authority (GRA) has locked the Chinese retail shop, China Mall, and its warehouses on the Spintex Road...

Businesses struggling, I’ll not encourage anyone to start business now – GUTA president

The Ghana Union of Traders Association (GUTA) is predicting that banks' default rate is going to be high due to recent hike in policy...

McDan Group signs MoU with AfCFTA for trade facilitation

The Chief Executive Officer (CEO) of McDan Group, Daniel McKoley has signed a Memorandum of Understanding (MoU) with the Secretary General of the Africa...

Ghana’s debt stock up ¢9bn to ¢402.4bn in July 2022 – BoG

Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana(BoG) Summary of Economic...

Adidas puts Kanye West Yeezy deal under review

Adidas says it is reviewing its Yeezy partnership with Kanye West days after he showed a "White Lives Matter" T-shirt design at Paris Fashion...

E-levy affecting govt’s digital agenda – Telecoms Chamber

The Chief Executive of the Ghana Chamber of Telecommunications, Ken Ashigbey, has disclosed that the Electronic Transaction Levy (E-Levy) is slowing government’s own digital...

We’re hopeful of securing IMF bailout before end of 2022

The Finance Minister, Ken Ofori-Atta, is optimistic the country will get approval from the International Monetary Fund (IMF) for an economic programme before the...

World Bank cuts Ghana’s growth rate to 3.5% in 2022

Growth in Ghana is expected to slow in 2022 to 3.5%, far below the country’s average pre-pandemic performance of 7%, the World Bank has...

Finance Ministry to continue IMF negotiations in USA

The Finance Minister, Ken Ofori-Atta, has described initial negotiations with the International Monetary Fund (IMF) for a bailout programme as collaborative. According to him, government...

Cedi ranked second worst-performing currency in the world – Bloomberg

The Ghana cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst performing currency...

Cedi depreciation: GUTA sends proposal to govt

The Ghana Union of Traders Association (GUTA) is calling on government to, as a matter of urgency, peg the dollar for the purpose of...

Unregistered SIM card holders to know fate next week

The intended exercise to block all unregistered SIM cards effective Saturday, October 1, 2022 has been put on hold. This is to allow the Ministry...

ECG resolves prepaid metering challenges; see details

The Electricity Company of Ghana (ECG) says the vending challenges customers are facing with the prepaid metering system across the country have been resolved. The...

ECG prepaid central database hacked?

The Electricity Company of Ghana (ECG) is still working to resolve the technical challenge it was experiencing in vending for prepaid consumers on E-cash...

FrieslandCampina pays tribute to its farmers with short film ‘A New Day’

FrieslandCampina, a Netherlands-based multinational dairy company has in a short film titled A New Day paid a glowing tribute to its farmers. The film aside...

We shall be blessed with Ghana miracle – Finance Minister

Amidst the worsening economic conditions and the government’s plan to secure an IMF support programme, Finance Minister, Ken Ofori-Atta is hopeful of a “Ghana...

KGL Group hosts Director-General of Loterie Nationale de Cote d’Ivoire

The Director General of the Cote d’Ivoire Lottery Regulatory Commission (LONACI), Dramane Coulibaly, has paid an official courtesy call on the KGL Group. The call...

Full text: Ken Ofori-Atta’s statement on state of the economy

Chief Director, Directors, Special Advisors and Staff of the Ministry; Distinguish ladies and gentlemen of the Media; Good Morning, and welcome to the 4th Press...

Economy gradually on upswing – Finance Minister

Finance Minister, Ken Ofori-Atta, has pointed out that the Ghanaian economy is gradually on the upswing despite the numerous shocks it faced over the...

Cocoa farmers threaten to smuggle product if govt fails to increase prices

Cocoa farmers at Gyampokrom in the Sehwi Juaboso District in the Western North Region have threatened to smuggle their cocoa produce to Ivory Coast...

Bank of Ghana sends strong warning to MoMo loan defaulters

The Bank of Ghana (BoG) has said mobile money loan defaulters who have deliberately discarded their SIM cards risk attracting negative repercussion. In a statement,...

Temtum Group confirms invitation to participate in 13th GUBA Awards in Kigali

A UK-based advanced technology and business focus company, Temtum Group, will participate in the 13th Grow, Unite, Build Africa (GUBA) Awards which is slated for...

Jobberman marks 10 years of operations in Ghana

Leading recruitment and human resource company in Ghana, Jobberman Ghana, is set to mark 10 years of its operations in Ghana with the theme, ...

IMF team to arrive in Ghana today

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will arrive in Accra tomorrow September 26, 2022, and...

SIM registration: MTN Ghana calls for media support

The Senior Manager, General Trade of MTN Ghana, Simon Amoh, has appealed to the media to keep encouraging the public to re-register their SIM...

Fitch downgrades Ghana from ‘CCC’ to ‘CC’

FitchRatings has downgraded Ghana’s Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to ‘CC’, from ‘CCC’. Fitch typically does not assign Outlooks to issuers with...

Champions Dishes, 2 other businesses caught in GRA’s web

The Ghana Revenue Authority (GRA) on Thursday arrested some management members of three businesses in Accra for failure to issue Value Added Tax (VAT)...

Cedi depreciation: Over 70 ‘black market’ dealers arrested [Video]

https://youtu.be/MzVBnFRR2e8 A joint operation by the Bank of Ghana (BoG) and the Ghana Police Service has led to the arrest of over 76 illegal foreign...

Patoranking extols Caveman watches for ‘extravagance and elegance’

Nigerian music superstar, Patoranking, has joined in to laud the Ghanaian watch brand, Caveman, for offering consumers both classic and casual styles in the...

NTHC under pressure: Workers of GOIL threaten legal action for GH¢30m

Customers, including many state-owned organisations, have started piling pressure on the National Trust Holding Company (NTHC) for their investments running into several millions of...

Car dealers bare teeth over 35% penalty on duty

The Vehicle and Assets Dealers Union of Ghana (VADUG) has expressed utter dismay over government’s decision to slap 35% penalty on duty on imported...

GOIL denies cheating consumers; assures them value for money

A leading Oil Marketing Company, GOIL, has categorically denied cheating customers. It has rather assured them of value for money. This follows a media report concerning...