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Parliament slashes budgetary allocation to Office of Government Machinery by ¢17m

Parliament has cut ¢17 million from the original allocation made to the Office of Government Machinery for 2023. This was after the House agreed on...

MASLOC trial: Court sends fresh message to Alex Mould

The High Court in Accra has given a 26-day grace period to former Chief Executive Officer (CEO) of Ghana National Petroleum Corporation, (GNPC), Alex...

Databank customers threaten to burn down company

Some disgruntled clients of Databank have threatened to attack the company for failing to honour withdrawal requests. Chief Executive Officer of the firm, Kojo Addae-Mensah,...

E-levy rate reviewed to 1%; GH¢100 daily threshold maintained

The Minority in Parliament has succeeded in ensuring that government maintains the GH¢100 Mobile Money threshold. Parliament also approved the reduction of the Electronic Transfer...

Victory at last: Pension Funds exempted from Debt Exchange Programme

Government has announced an exemption of all pension funds from the Debt Exchange Programme. This follows a meeting between Organised Labour, Ministry of Employment and...

GOIL sends strong message to fraudsters

GOIL PLC has cautioned fraudsters against the use of the company’s name to defraud unsuspecting persons.  This comes on the back of fake promotions...

Economy slows down in quarter 3, 2022; GDP expands by 2.9% – GSS

Ghana’s economy grew at the slowest pace in two years in the third quarter of 2021, data from the Ghana Statistical Service (GSS) has...

GRA apprehends 9 retail shops at Achimota Mall

Some nine retail shops operating in the Achimota Mall have been apprehended by the Ghana Revenue Authority (GRA) for non-registration and non-issuance of Value...

Data Bank shuts down office due to attacks and threats

Investment and fund management firm Databank has announced the closure of its offices effective Thursday, December 22, and to work remotely following attacks and...

Ghana Euro bondholders form Committee to support debt restructuring 

External holders of Ghana’s Eurobond have formed a creditors committee to support the country’s debt restructuring programme to help it secure a $3 billion...

Used clothing dealers announce reduction in prices

The Used Clothing Dealers Association has announced a 30% reduction in the prices of their goods. The Public Relations Officer of the association, John Obiri-Yeboah,...

Taskforce to chase stubborn drivers over transport fares reduction [Listen]

JoyNews/AdomNews · Taskforce to chase stubborn drivers over transport fares reduction The Ghana Road Transport Coordinating Council (GRTCC) and Ghana Private Road Transport Union (GPRTU)...

IMF Board approval for Ghana programme scheduled for January 2023 – Redd Intelligence

The approval of a programme for Ghana by the Board of the International Monetary Fund is expected to come off at the earliest in...

Alan calls for intensive investment in agric sector

The Trade and Industry Minister, Alan Kyerematen, has advocated for intensive investment in the agricultural sector as part of major plans to economically empower...

Finance Minister calls for stakeholder support to sustain cedi rebound

Ken Ofori-Atta has called on all stakeholders, including parliament, to work collectively and support government to sustain the recent gains of the Cedi against...

Govt suspends external debt payments

Government through the Finance Ministery has announced the suspension of the debt service payments on certain categories of external debts. The suspension, according to the...

2023 must be our comeback year – Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta is promising a strong revival of the economy in 2023. He is therefore urging Parliament to support government in getting...

GRA retrieves over US$93m revenue via informants’ scheme

The Ghana Revenue Authority(GRA) has recovered in excess of US$ 93 million and an additional GH¢421million from multinational and local companies operating in the...

Cedi continues recent gains; 1$ now ¢9.2

The Ghana cedi continued its recent gains against the US dollar and the euro today, December 19, 2022. This is coming after recording its biggest...

BOST discounts claims of diesel leakages

The Bulk Oil Storage and Transportation Company Limited (BOST), has discounted claims in the media that a liquid substance thought to have leaked from...

Transport fares reduced by 15.3 percent effective Monday

Road Transport Operators have reduced transport fares by 15.3% effective Monday, December 19. The move follows the recent downward trend of petroleum prices, a statement...

Fuel prices drop by more than ₵2 at pumps

Some Oil Marketing Companies (OMCs) in the country have started reducing prices of fuel at the pumps from today, December 16, 2022.  Leading marketing oil...

BoG give reasons for cedi’s stability against US dollar

The Bank of Ghana (BoG) has attributed the cedis’ recent gains to new set of monetary measures instituted by the central bank. According to the...

Cedi strengthens further as it goes for ¢8 to $1

The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies.  The cedi in the last...

The cedi is not appreciating; only recovering it’s lost value – Economist

An Economist, Dr Godfred Bonkpin, has said that the sudden appreciation of the Ghana cedi is not real, but only a recovery of it's...

Abossey Okai spare parts dealers reduce prices of their wares

As the cedi keeps racing fast behind the dollar, spare parts dealers have reduced prices of their wares by about 10% to 20%. The Chairman...

Abossey Okai spare parts dealers send strong message to GPRTU over transport fares

The Abossey Okai Spare Parts Dealers Association has rejected the Ghana Private Road Transport Union’s (GPRTU) claim of increases in the prices of spare...

Millions in Western aid flowed to churches in Ghana despite years of campaigning against LGBTQI+ rights – CNN Investigation reveals

An exclusive CNN investigation has found that some Western governments who pledged to support LGBTQI+ rights have also funded supporters of a controversial bill...

Over 50 shops at Abossey Okai closed down

Over 50 shops at the Abossey Okai Spare parts market have shut down their operations due to default in paying their loans. Some of the...

Akufo-Addo urges African leaders to stop ‘begging’

President Nana Akufo-Addo has said that African countries must wean themselves off "begging" the West to earn global respect and change poor perceptions about...

Number of advertised jobs shoot up by 11.7% – BoG

The number of jobs advertised in selected print and online media, which partially gauges labour demand in the economy, increased in October 2022 relative...

Cedi appreciation only short term, dollar may will rise again – Economist

Economics lecturer at the University of Ghana, Dr Priscilla Twumasi Baffour, has stated the reasons behind the stabilisation of the Ghana cedi against the...

Fuel prices to fall significantly from this date…

Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute for Energy Security (IES) has projected. According to...

80% poultry ventures fold up — Association

The increasing importation of cheap frozen chicken for the local market, coupled with the lack of adequate support to the industry in the country,...

EOCO retrieves 37 imported stolen luxury vehicles

The Economic and Organized Crime Office (EOCO) in collaboration with the Federal Bureau of Investigation (FBI) and the Royal Canadian Mounted Police have retrieved...

Ecobank ends ‘Deposit more and win big promo’; rewards several customers

Ecobank Ghana has held its third and final draw of the Deposit More & Win Big promo series, here in Accra, rewarding thousands of...

Govt petitioned over ‘outrageous’ increment in price of flour

The Ashanti Flour Users Association is petitioning the Ministry of Trade and Industry over hikes in prices of flour. A bag of flour which cost...

Rallying cedi gains significantly on IMF staff-level agreement announcement day

The Ghana cedi continued its rally against the US dollar and the other major foreign currencies yesterday, December 13, 2022, following the announcement of...

Cedi now ¢11.50 to $1

The Ghana cedi has ramped up in value against the dollar after appreciating by more than 20% in less than two weeks. Ghana’s currency enjoyed...

Cedi continues to gain, less than ¢12 needed for a dollar

The growth of the Ghana cedi continues unabated following the announcement by the International Monetary Fund that a Staff-Level Agreement has been reached with...