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Fuel prices to go down from tomorrow, November 16, 2024 – COPEC

Barring any unforeseen circumstances, fuel prices will decrease starting tomorrow, November 16, 2024. According to the Chamber of Petroleum Consumers (COPEC), the price of petrol...

Lawyer files injunction on govt’s T-bill borrowings

Private legal practitioner Jonathan Amable has filed an injunction at the Supreme Court, seeking an immediate suspension of the government’s borrowing activities on the...

CBG speaks on BoG’s suspension of forex trading license

Consolidated Bank Ghana (CBG) has assured the public that the suspension of its Foreign Exchange License (FEL) does not impact its full banking operations. The...

Jospong Group targets $400M Afreximbank funding for major waste and rice projects in Africa

At COP29, the Jospong Group of Companies (JGC) unveiled its plans to secure $400 million in funding from the African Export-Import Bank (Afreximbank) for...

Institute for Energy Security boss debates NDC and NPP track records over dumsor

As Ghana prepares for upcoming elections, a pressing question lingers for many Ghanaians: Which party, the National Democratic Congress (NDC) or the New Patriotic...

Apple accused of trapping and ripping off 40m iCloud customers

Apple is facing a legal claim accusing it of effectively locking 40 million British customers into its iCloud service and charging them "rip off...

Indian billionaire acquires Pepsi bottling operations in Ghana for $15.1m

Varun Beverages, an Indian multinational led by billionaire Ravi Jaipuria, has agreed to acquire PepsiCo’s bottling operations in Ghana for $15.1 million. In a statement,...

Ghana’s Petroleum Hub Project to transform petroleum downstream sector

Ghana's ambitious Petroleum Hub Project, an initiative of President Nana Akufo-Addo, continues to take significant steps toward transforming the nation’s petroleum downstream sector into...

BoG suspends CBG’s forex trading license

The Bank of Ghana (BoG) has suspended the foreign exchange trading license of Consolidated Bank Ghana (CBG) for one month. The suspension, which takes effect...

Over 6,200 jobs created as SOCO project spurs economic growth and social cohesion across Ghana’s Northern and Oti Regions

In an effort to curb unemployment and build economic stability, the Gulf of Guinea Northern Regions Social Cohesion (SOCO) Project has created over 6,200...

The Tower Residence: Accra’s newest luxury real estate development

In the ever-evolving landscape of Accra's real estate market, The Tower Residence stands out as a beacon of luxury and modern living. Developed by CPL...

Ghana ranked 6th in Africa as the most attractive investment destination in 2024

Ghana has been ranked 6th in Africa as one of the most attractive investment destinations in 2024, according to the Rand Merchant Bank (RMB)...

T-Bills: Gov’t records 3.60% oversubscription, but cost of borrowing surges

The government recorded another marginal oversubscription of treasury bills, but it came at the expense of rising interest rates, with the cost of borrowing...

Bitcoin tops record $80,000 as Trump nears sweep of US Congress

The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump's decisive victory in the US election last...

Akufo-Addo touts unprecedented achievements in Ghana’s agriculture sector

In a speech commemorating the 40th National Farmers’ Day on Friday, November 8, 2024, President Nana Addo Dankwa Akufo-Addo highlighted the "unprecedented" achievements in...

Cocoa producer price raised to GH₵3,100

President Nana Akufo-Addo has announced an increase in the cocoa producer price from GH₵3,000 to GH₵3,100 per 64kg bag, representing a slight rise of...

My commitment to business development has been consistent – Bawumia

Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), has reiterated his unwavering commitment to business development, stressing that thriving economies are...

Nana Owusu Achiaw Brempong adjudged 2024 National Best Farmer

A 70-year-old farmer from the Sekyere Central District in the Ashanti Region, Nana Owusu Achiaw Brempong, has been named the National Best Farmer. With a...

Akufo-Addo unveils Cardinal Namdini mining Ltd; West Africa’s largest single-stream gold mine

Ghana has taken a significant step toward solidifying its position as Africa’s leading gold producer with the commissioning of Cardinal Namdini Mining Ltd, the...

Oil revenue soars by 55.6% in first half of year – PIAC

Ghana’s crude oil revenue surged significantly in the first half of the year, with a 55.6% increase compared to the same period last year,...

Gov’t has never been broke until DDEP – Alhassan Andani

Former Stanbic Bank CEO Alhassan Andani expressed profound disappointment over Ghana’s recent financial trajectory, saying the government’s declaration of the Domestic Debt Exchange Programme...

‘GRA has become like a terrorist organisation’ – Alhassan Andani critiques tax regime

A former CEO of Stanbic Bank, Alhassan Andani, expressed sharp criticism of the tax administration, describing the Ghana Revenue Authority (GRA) as operating like...

VP Bawumia launches Credit Scoring System for Ghana

The Vice President and Presidential Candidate of the NPP, Dr Mahamudu Bawumia, has launched myCreditScore, a personalised credit reference and scoring system for Ghanaians. Backed...

Inflation for October up slightly to 22.1%

According to government statistician Prof. Samuel Kobina Annim, the inflation rate for October 2024 has slightly increased to 22.1%, up from 21.5% in September. Speaking...

Papa Kwesi Nduom to hold “Bring Back GN Bank” rally in November

Progressive People's Party (PPP) founder and leader, Papa Kwesi Nduom, has announced plans to hold a rally at the end of November, urging authorities...

Ghana and EU sign agreement to allow Ghana to issue Africa’s first timber legality licenses

In a historic move, Ghana and the European Union formalized an agreement in Accra on November 6, 2024, positioning Ghana to become the first...

New oil wells boost Ghana’s petroleum revenue to record level

The commencement of new oil wells under the Jubilee South East project has significantly boosted Ghana’s crude oil production. This has led to a 10.7...

Over $14.6m, £2.4m, and GH₵167.8m found in dormant accounts at BoG – ILAPI

The Institute for Liberty and Policy Innovation (ILAPI) has revealed that the Bank of Ghana (BoG) currently holds a substantial sum in three currencies- Cedis, British...

Ghana goes live on June 30, 2025, for the issuance of FLEGT licenses – Lands Minister

The government has signed a deal with the European Union to make Ghana the first African country to issue Forest Law Enforcement, Governance, and...

Bagbin accuses Judiciary, Executive of undermining parliament’s authority

Speaker of Parliament Alban Bagbin has voiced strong concerns over what he perceives as a coordinated attempt by Ghana's Judiciary and Executive to undermine...

GIZ and partners champion inclusive business and green economy at Ghana’s first IB/IGB forum

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, in partnership with the Association of Ghana Industries (AGI) and the Ghana Enterprises Agency (GEA), has...

Chartered Institute of Insurance – Ghana holds 2024 educational conference and AGM in Ho

The Chartered Insurance Institute of Ghana (CIIG) has held its 2024 Educational Conference and Annual General Meeting (AGM) in Ho, Volta Region. The event was...

Analysts warn of continued cedi volatility amid election concerns

Market analysts are predicting ongoing volatility for the cedi, which recently surpassed GHS 17 against the US dollar amid uncertainty surrounding the upcoming general...

Masloc CEO honoured as Capacity Building Shero of the Year

The Chief Executive of the Microfinance and Small Loans Centre (MASLOC), Abibata Shanni Mahama Zakariah, has been celebrated as the “Capacity Building Shero of...

Govt successfully saved Ghana $9bn from arbitral claims – Dame

Attorney General Godfred Yeboah Dame has revealed that Ghana narrowly avoided a severe economic setback by successfully defending against arbitration claims totaling nearly $9...

Cedi records year-to-date loss of nearly 29%; one dollar now going for GH¢17.10

The pressure on the Ghana cedi continued as the local currency lost 3.95% against the US dollar in October 2024, bringing its year-to-date depreciation...

Bond Market: Volume up by 12.45% to GH¢746m

Activity in the secondary bond market rose by 12.45 percentage points to GH¢746 million last week, compared to about GH¢663 million the previous week. The...

Osman Ayariga inducted as Chartered Architect

The Deputy National Youth Organiser of the National Democratic Congress (NDC), Osman Ayariga, was inducted as a Chartered Architect on Friday, November 1. The ceremony...

Energy sector not advancing enough – ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has expressed concerns over the state of the country’s energy sector. According...

Apex Health Insurance wins big at Ghana Business Awards

Apex Health Insurance, a prominent player in Ghana’s health insurance industry, has added another feather to its cap by winning the "Health Insurance Company...