Gov’t should not be involved in buying fuel – Ben Boakye
The Executive Director of the African Centre for Energy Policy, Ben Boakye, has advised the government to allow private individuals to handle fuel purchases.According...
Fuel prices to go up marginally from June 16, 2024 – IES
The prices of petroleum products are expected to go up marginally in the second half of June 2024, the Institute for Energy Security has...
PFJ not impacting farmers due to lack of targeted credit schemes – TWN
A report by the Third World Network (TWN) -Africa on the impact of the Planting for Food and Jobs (PFJ) and One District One...
BoG justifies revocation of GN Bank’s license
The Bank of Ghana (BOG) has justified its decision to revoke the license of GN Bank in 2019, citing significant regulatory breaches.In a lengthy...
Be deliberate about financing renewable energy and sustainability-focused projects – KPMG Ghana urges banks
Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana has urged banks and other financial institutions to be...
Zenith Bank donates laptops, computers to KNUST, Ho Technical University
Zenith Bank (Ghana) Ltd has donated 20 laptops to the Kwame Nkrumah University of Science and Technology (KNUST) and 10 desktop computers to the...
Ghana to receive $2bn loan from Korea to enhance economic growth
A Deputy Finance Minister, Stephen Amoah has revealed that Ghana is expecting a US$2 billion concessionary loan from South Korea aimed at supporting the...
Government remains committed to fiscal discipline – Abena Osei Asare
The Minister of State at the Finance Ministry Abena Osei Asare has assured that government remains committed to fiscal prudence and discipline with its...
No economy can grow without embracing digitalisation – ECOWAS Resident Representative
ECOWAS Resident Representative in Ghana, Baba Gana Waki has underscored the critical role of digitalisation in the economic growth of member states.He said in...
COCOBOD CEO sets record straight on successes and challenges in Ghana’s cocoa sector [Listen]
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has set the record straight about the challenges and achievements during...
Attempts to introduce new taxes problematic – Lecturer
A lecturer of Finance and Economics at the University of Ghana, Dr Patrick Asuming, has advised the government to focus on improving the economy...
DSTv owner MultiChoice goes technically insolvent
DStv owner, MultiChoice has reported a staggering R4.1 billion loss for the year ending March 31, 2024 and has become technically insolvent.The South...
World Bank supports policy reform of Ghana’s energy sector
The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector...
Facebook, Youtube, online trading companies must be taxed – Deputy Finance Minister
Deputy Finance Minister, Dr Alex Ampaabeng has advocated for the taxation of online trading companies to boost Ghana's economy.He emphasized that both local and...
Rising food prices: Minority questions impact of Planting for Food and Jobs
The Minority caucus in Parliament has expressed concern about rising food prices in the country, calling into question the effectiveness and impact of the...
Official Creditors’ MoU will support IMF Board’s approval of US$360m – IMF MD
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), says, the agreement reached between Ghana and its Official Creditor Committee (OCC) will be...
We are very confident our second review will be approved by IMF – Dr Amin Adam
The Finance Minister Dr. Mohammed Amin Adam is hopeful the International Monetary Fund (IMF) will approve the third tranche funding support of $360 million...
Nation wreckers smuggling Ghana cocoa and selling to Russians in neighbouring countries – Cocobod CEO
Ghana Cocobod CEO Joseph Boahen Aidoo, has revealed a decrease in cocoa production in the first quarter of 2024 compared to last year, resulting...
Farmers are rising against galamsey – Cocobod CEO
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahene Aidoo, has highlighted that farmers are increasingly opposing galamsey because they see...
Abena Osei Asare leads Ghana’s delegation to Afreximbank AGM
Minister of State at the Finance Ministry, Abena Osei Asare is leading Ghana’s delegation to attend the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings,...
May 2024 inflation declines marginally to 23.1%
Inflation for May 2024 declined marginally to 23.1% from the 25.0% recorded in April 2024.According to the Ghana Statistical Service, food inflation recorded a...
We made GH₵2bn profit in 2022/2023 – Cocobod CEO reveals
The Chief Executive Officer of Cocoa Board (Cocobod), Joseph Boahen Aidoo, has revealed that his outfit has made a significant profit of over GH₵2...
There was no money when I assumed office in 2017 – Cocobod CEO
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has said he faced significant financial challenges when he assumed office in...
Exclusive: Ghana to delay more cocoa deliveries as supply crisis worsens
The world’s second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to...
UBA Nigeria ordered to pay ₦8m for violating customer’s data privacy
A Nigerian court has ruled that the United Bank of Africa (UBA) must pay a customer, Folashade Molehin, the sum of ₦8,000,000 for violating...
Cedi remains weak as cocoa export revenue drops by more than $500 million
Galamsey, climate issues, diseases, and smuggling activities compelled export revenue of cocoa to fall by more than $500 million in the first quarter of...
Ghana’s inflation to end 2024 at 20.9%, narrow to 11.1% in 2025 – AfDB
Ghana’s inflation is expected to end 2024 at 20.9%, the African Development Bank has revealed in its updated 2024 African Economic Outlook.This is higher...
Bond market: Turnover tumbled by 88.05%to GH¢18.51m
The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.The market turnover declined sharply by 88.05%...
Cedi depreciation slows down due to reduced foreign exchange demand; one dollar equals GH¢14.92
The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand.The...
I’ll reinstate collapsed banks – Mahama
The flagbearer of the National Democratic Congress (NDC), John Mahama, has reiterated his pledge to revive collapsed banks and financial institutions when elected President...
Future of Ghana’s power sector bleak – ACEP warns
The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, has expressed concerns about the future security of Ghana’s power sector.Speaking...
T-bills: Government records 19.47% oversubscription; interest rates remain stable
The government saw a 19.4% oversubscription in its treasury bills auction, signalling a resurgence in demand for short-term instruments.According to the Bank of Ghana's...
Ghana, Mozambique to record joint fastest growth rate in furniture spending in SSA – Fitch Solutions
Ghana and Mozambique will record the joint fastest growth rate in furniture spending over the medium term, with the respective markets forecast to grow...
Cedi to end 2024 at GH¢15.91 to a dollar – Report
Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$.This, it said,...
Mining sector brings $4.2 billion back to Ghana, slightly exceeding 2022’s total
Mining companies repatriated over US$4.2 billion to Ghana. This represents a little over 1.4% of the value of repatriation done in 2022.This is according...
IMF on Ghana: We’re working to get third tranche approved by end of this month
The International Monetary Fund (IMF) says Ghana is likely to receive the third tranche of $360 million by the end of this month, as...
Ghana’s gold production rises to 4m ounces in 2023
Ghana’s gold production rose 8.3 per cent to 4 million ounces in 2023 compared to 3.7 million ounces the previous year, data from the...
IMF Board to approve $360m third tranche by end of June
Ghana’s second review programme for a third tranche of US$360 million is expected to go before the Executive Board of the International Monetary Fund...
Galamsey is the cause of high cost of vegetables – GAWU
The General Agricultural Workers Union (GAWU) has said the severe shortage of vegetables and its resultant hike in prices are due to illegal mining...
NPRA vows swift action on ILO Report concerns over SSNIT
The CEO of the National Pensions Regulatory Authority (NPRA) has assured contributors that despite projections in the recent International Labour Organisation (ILO) report on...