We’ve gone back to basics, targeting SMEs, corporate sectors to grow rapidly – Republic Bank MD
Republic Bank PLC is optimistic to deepen its operations in the micro, small and medium sectors to support the growth of the local economy43.According...
Jon Moore International celebrates 25 years of excellence in project logistics
Jon Moore International, a leading indigenous project logistics company in Ghana, has celebrated its 25th anniversary with a grand dinner and awards ceremony honouring...
Bank of Ghana launches Gold Coin to provide investment opportunities for GhanaiansÂ
The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians.The GGC is a coin manufactured from...
2024 election: Mahama makes juicy promise to spare parts dealers
The Presidential candidate of the National Democratic Congress(NDC) has accused the Akufo-Addo government of collapsing the jobs of spare parts dealers with high taxes...
BoG lowers Monetary Policy Rate to 27%
The Bank of Ghana (BoG) has reduced its Monetary Policy Rate by 200 basis points, bringing it down to 27%.This marks the second rate...
Cedi lost 24.3% to dollar in nine months of 2024 – BoG
The Ghana cedi lost 24.3% to the US dollar on the interbank forex market as of September 2024, the Bank of Ghana has revealed...
Cedi depreciates further against dollar, all other major trading currencies
According to the latest report from the Bank of Ghana, the value of the local currency, the cedi, has depreciated against all major trading...
Average lending rates fall consistently from January 2024 to 30.71% in July
Average lending rates has fallen consistently but marginally since the beginning of the year, data from the Bank of Ghana has revealed.The average lending...
BoG launches responsible gold sourcing programme to enhance economic growth
The Bank of Ghana (BoG) has recognized gold as a vital strategic reserve asset with a significant impact on economic growth.However, the Central Bank...
Debt stock hits GH₵ 761.2bn as of July 2024; every Ghanaian owing GH₵22,076
Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) by July 2024.Compared to the same...
High exchange rate still a struggle for businesses, says Chamber of Commerce CEO
The CEO of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye has expressed concerns over the current foreign exchange rate and its impact...
Over 29,000 gambling ads in Premier League weekend – Research
The number of betting adverts during the opening weekend of the Premier League season almost trebled compared to last year, new research says.Researchers analysed...
Stop refuelling vehicles with passengers onboard – NPA warns
The National Petroleum Authority (NPA) has issued a stern warning to commercial drivers to stop refuelling vehicles while passengers are still onboard.The Authority stressed...
Boosting Agriculture: 1,020 farmers in Asunafo South receive fertilizer
A total of 1,020 farmers in the Asunafo South District of the Ahafo Region have received bags of fertilizers and urea from the District...
GNPC’s financial viability in jeopardy due to govt’s $1bn debt – PIAC
The Public Interest and Accountability Committee (PIAC) has raised concerns about the financial sustainability of the Ghana National Petroleum Corporation (GNPC) if it is...
LPG shortage hits parts of the country; TOR assures situation is being addressed
Parts of the country have been hit by shortage of supply of Liquified Petroleum Gas (LPG).Joy Business observed long queues at some LPG stations...
IMF approves $7bn loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan.
The country is due to receive the first $1bn of the...
No Jobs were lost during banking sector clean-up – Dr. Mark Assibey-Yeboah [Video]
Chairman of the NPP Manifesto Sub-Committee on the Economy, Dr. Mark Assibey-Yeboah, says no jobs were lost during the government's 2017 banking sector clean-up.Speaking...
Finance Ministry replies Trafigura over $134m judgement debt
The Ministry of Finance has assured it is on course to pay the $134 million judgment debt owed to Oil conglomerate Trafigura.In a statement,...
BOST holds 4-day training for mechanical staff to boost operations of depots
The management of Bulk Energy Storage and Transportation (BOST) has organized a four-day training for its technical and mechanical staff from all its depots...
Market sentiments to improve on FX market; one dollar going for GH¢16.48
Market sentiments are expected to improve on the forex market in the coming weeks, a move which should auger well for the Ghana cedi’s...
Bond market: Secondary market volume drops to GH¢886m
The secondary bond market activity slowed by 5.35% to GH¢886 million last week, down from GH¢1.21 billion in the previous week.There were observed minor...
Export value of cocoa beans dropped by 26% in the second quarter of 2024
Recent data from the Ghana Statistical Service indicates a significant drop in the export value of cocoa beans for the second quarter (Q1) of...
UAE remains Ghana’s top export destination – GSS reveals
The United Arab Emirates (UAE) remains Ghana's top export destination, for the second quarter of 2024, accounting for GH₵15.0 billion, data from the Ghana...
Food and Beverage Association kicks against Excise Tax Stamp machine
The Food and Beverage Association of Ghana (FABAG) is opposing the introduction of new machines for affixing Excise Tax Stamps on their products by...
Freight forwarders embark on demo over exploitative charges
Freight Forwarders in Tema on Tuesday embarked on a protest against what they termed exploitative practices by shipping lines in Ghana.The Ghana Institute of Freight...
Upward trend in T-bill yields to continue; Government to borrow GH¢7.44bn
The upward trend in treasury bill yields is expected to continue despite inflation easing for the fifth consecutive months.The strong demand amid tighter market...
Trafigura petitions Finance Minister over $134m judgement debt
Oil conglomerate Trafigura has petitioned Ghana's Finance Minister, Dr. Mohammed Amin Adam, over an unpaid judgment debt owed by the government, threatening to seize...
Ghana places 4th with largest growth in digital bank account in Sub-Saharan Africa
Ghana placed 4th in Sub-Saharan Africa with the largest growth in digital bank account ownership, Fitch Solutions, has revealed.However, it described the increase as...
Ghana retains 10th position with lowest fuel price in Africa
Ghana retained its 10th position with the lowest fuel price in Africa in September 2024, GlobalPetrolPrices.com has disclosed.This is coming despite the continuous marginal reduction...
SSNIT pays GHȼ450m to over 251K pensioners for September 2024
The Social Security and National Insurance Trust (SSNIT) has disbursed a total of GHȼ450.07 million to 251,576 pensioners for September 2024.The payments, made on...
Excessive port charges hurting businesses in Ghana – GIFF chairman [Video]
Romeo Frimpong, Chairman of the Monitoring Committee of the Ghana Institute of Freight Forwarders (GIFF) in the Tema District, has expressed concern over the...
Shipping lines to be rocked with a demonstration on Tuesday
Key players in the logistics and trade sectors will on Tuesday, September 24, embark on a protest against shipping lines operating in Ghana on...
GSA shuts down company producing substandard mattress
ZXZ Company Limited, a Chinese-owned firm producing the Moonda brand of mattresses in Afienya, has been shut down by the Ghana Standards Authority (GSA)...
Bolt to appeal court ruling ordering GH₵1.9m compensation in identity theft case
Bolt has announced plans to appeal a ruling by the Adentan Circuit Court, which ordered the company to pay GH₵1.9 million in compensatory damages...
Policy rate to go down between 1.0% and 1.5% – Report
The Monetary Policy Rate (MPR) of the Bank of Ghana is expected do down between 1.0 and 1.5 percentage points at the next Monetary...
Inflation to ease to 19% in September 2024
Inflation is expected to decline further to 19.0% year-on-year in September 2024, IC Research has predicted.However, it expects month-on-month inflation to rise to 0.7%.“For...
GHȼ4.6 million lost to SIM swap fraud in 2023-BoG reports
The Bank of Ghana has revealed a rapid emergence of SIM swap fraud targeting individuals with access to mobile banking channels. According to the...
‘If not for mining, cedi could be ¢25 to $1’ — Sulemanu Koney on saving local currency
The CEO of the Ghana Chamber of Mines, Sulemanu Koney, has provided critical insights into the role of the mining sector in stabilising the...
NPP planning to handover $2bn energy sector debt to NDC – Minority
The Minority in Parliament is demanding a thorough audit of Ghana’s energy sector to determine the full scope of its debt.According to the caucus,...