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Maintain E-Levy to support Women’s Development Bank, SMEs – GUTA tells Mahama

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...

Government misses 2024 inflation target as December rate rises to 23.8%

The government has fallen short of its 2024 year-end inflation target of 15%, as inflation for December 2024 rose to 23.8%, up from 23.0%...

As long as I remain BoG Governor, no revoked license will be reinstated – Dr Addison

The Governor of the Bank of Ghana(BoG) Dr Ernest Addison, has ruled out the possibility of the restoration of any revoked banking licenses as...

Accra is 5th most expensive city in Africa in terms of rent

Accra is the 5th most expensive city in Africa in terms of rent, according to Numbeo. Accra’s rent index of 12.0 also placed it 230...

Exit of multinational firms due to high inflation, currency weakness – Deloitte

Professional services firm, Deloitte, has revealed that the exit of multinational companies in Nigeria and Ghana is due to rising inflation, dollar illiquidity and...

BoG injected US$2.8bn into forex market between August and December 2024

The Bank of Ghana injected about US$2.8 billion into the foreign exchange market between August 2024 and December 2024. It subsequently auctioned US$480 million to...

Bank of Ghana: List of FX Brokers authorised to operate on the Ghana Interbank FX Market

The Bank of Ghana (BoG) has announced the authorized FX brokers permitted to operate in the Ghana Interbank Forex Market for the calendar year...

I knew fighting galamsey wasn’t a popular position to take – Akufo-Addo

President Nana Akufo-Addo has acknowledged the challenges his administration has faced in its effort to combat illegal mining, commonly known as galamsey, in the...

McDan addresses $3m debt allegations; seeks dialogue over terminal shutdown

The management of McDan Group of Companies says it is committed to a dialogue to resolve the issues leading to the shutdown of their...

Ghana’s economy rebounding impressively – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has highlighted Ghana’s impressive economic recovery, pointing to key growth indicators as proof of progress. In his final New Year...

BoG Governor, 2 Deputies receive awards at National Honours Ceremony

The Governor of the Bank of Ghana, Dr. Ernest Addison and his two deputies, Dr Maxwell Opoku-Afari (First Deputy Governor) and Elsie Addo Awadz...

NDC gov’t must consolidate all taxes imposed on us – Ghana Hotels Association

The Ghana Hotels Association says it will push the incoming NDC government to consolidate all taxes imposed on its members. President of the Association, Dr...

GACL details McDan Company’s indebtedness, insists on settlement

The Ghana Airports Company Limited (GACL) has reaffirmed its commitment to recovering debts owed by companies operating at the Kotoka International Airport, including what...

BoG issues large exposures directive for banks, others

The Bank of Ghana has issued the Large Exposures Directive for Banks, Savings and Loans, Finance Houses and Financial Holding Companies. The objectives of the...

McDan breaks silence on closure of private jet terminal

The management of McDan Group has expressed disappointment in the Ghana Airports Company Limited (GACL) over the shutdown of its Private Jet Terminal over...

GACL shuts down McDan Aviation Private Jet Terminal over $3 Million debt

The management of the Ghana Airports Company Limited (GACL) has shut down the McDan Aviation Private Jet Terminal due to an outstanding debt exceeding...

Dr. Nick Danso Adjei conferred with the grand medal award by the State

Ghana Link Network Services Limited proudly announces that its Executive Chairman, Dr. Nick Danso Adjei, has been conferred the prestigious Grand Medal Award by...

BoG likely to trigger MPCC if inflation falls outside central target of 18.0%+/-2 – Report

The Bank of Ghana is likely to trigger the Monetary Policy Consultation Clause (MPCC) if there the country misses the central target of 18.0%+/-2. Inflation...

T-bills auction: Gov’t records 9% oversubscription; interest rates hit 30%

The government achieved about 9.0% oversubscription of treasury bills sales, barely a week after it recorded a marginal undersubscription. It got GH¢4.65 billion against a...

ADB justifies $750,000 ‘last minute’ contract

The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the alleged last-minute $750,000 contract is a renewal. In a statement,...

Don’t pay for delays at the port – Shippers told

The Ghana Shippers’ Authority (GSA) has directed shippers not to pay for the costs associated with delays at ports caused by system failures or...

NDC Victory: A bold opportunity to transform Ghana’s agriculture and economy – Klutse Kudomor speaks

The National Democratic Congress (NDC) has secured victory in Ghana’s recent general elections, entrusted by the people to lead the nation over the next...

Ablakwa blows alarm on ADB board’s $750K last minute contract

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has raised an alarm on the approval of an electronic servicing agreement worth US$750,000 by...

BoG issues bancassurance directives to stakeholders in financial sector

The Bank of Ghana (BoG) has issued the bancassurance directives as an Exposure Draft to solicit comments and inputs from the banking industry and...

Gov’t misses T-bills target by GHS 60m amid rising yields

The government recorded a marginal shortfall in last week’s Treasury bills auction, securing GHS 5.40 billion in bids against a target of GHS 5.46...

Low sales hit Avenor livestock market as prices soar during festive season

Traders at Accra's Avenor livestock market are experiencing a sharp decline in sales this festive season, attributing the downturn to steep price increases in...

LYZY Tomato Mix makes grand appearance at Foster Romanus event

Patrons who thronged into the premises of National Theatre for the 'Romanus Incomplete VI' event hosted by comedian Foster Romanus on Monday, December 23,...

BoG Governor explains UT, Capital Bank license revocations

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has attributed the revocation of licenses for UT Bank and Capital Bank to...

Ghana Shippers Authority addresses Tema port delays

The Ghana Shippers Authority (GSA) has addressed recent delays in container delivery and evacuation at Tema Port, citing scanner breakdowns at terminals and system...

Asante Gold secures $500 million gold forward agreement to advance Bibiani operations

Asante Gold Corporation has announced the signing of a $500 million Gold Forward Purchase Agreement with Fujairah Holdings LLC. This strategic move, facilitated through its...

Policy rate to fall to 22.5% in 2025 – Deloitte

Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend. It is thus...

Cedi to end 2024, 2025 at GH¢16.07, GH¢17.23 – EIU

The Economist Intelligence Unit (EIU) estimates that the cedi will end 2024 at GH¢16.07 to one US dollar. It also projects a marginal depreciation of...

Bond market: Volume falls by 50.1% on risk sentiments

Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors. Total volume traded fell to GH¢762...

Ivory Coast cocoa farmers concerned about Harmattan wind’s impact on production

Farmers in some of Ivory Coast's cocoa-growing regions are concerned about the impact of the strong Harmattan wind on the cocoa crop, as it...

Ghana’s gold production to rise marginally by 3% in 2025 – Deloitte

Ghana’s gold production is projected to rise marginally by 3% to 136 tonnes in 2025 from an estimated 132 tonnes in 2024. According to Deloitte,...

Dr. Nduom confident in Mahama-led NDC to restore GN Bank’s legacy

The Global Chairman of Groupe Nduom, Dr Papa Kwesi Nduom, has expressed confidence that the new National Democratic Congress (NDC) administration, led by John...

First tax to go should be COVID-19 levy, E-levy, and VAT reviewed – GNCCI

The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), has called on the incoming government to prioritise the removal of specific...

Weak cocoa production impacting COCOBOD amid record high prices – IMF

The International Monetary Fund (IMF) has identified 2024 as a challenging financial year for the Ghana Cocoa Board (COCOBOD), despite some progress made in...

Struggling to celebrate: How economic challenges are redefining Christmas in Accra

As the festive season draws closer, the streets of Accra, typically brimming with Christmas cheer, bear a more subdued mood this year. Inflation and economic...

Aggrieved Menzgold customers appeal to Mahama for financial bailout

Customers of the collapsed MenzGold Ghana Limited are urging the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address...