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...
Businesses urged to leverage AI tools to maintain operations in uncertain times
A Senior Manager of risk advisory at Deloitte Ghana, Nina Korley, is urging businesses to leverage Artificial Intelligence tools to maintain their operations.According to...
Jospong Group Chairman advocates for stronger Ghana-South Korea business ties
The Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has emphasized the potential benefits for Ghana and Africa in their...
Bankers Association boss criticises inefficient leadership structures in SEOs
The President of the Ghana Association of Bankers (GAB), John Awuah, has voiced strong concerns about the inefficiency of leadership structures in state-owned enterprises.Specifically,...
Ghana, Korea sign $2bn deal to drive development agenda
Ghana has secured a major financial boost for its development aspirations, inking a $2 billion framework arrangement with South Korea's Economic Development Cooperation Fund...
Cement prices surge to GH¢108 despite Trade Minister’s directive
Despite a ministerial directive to the Cement Manufacturing Development Committee in Ghana (CMDCG), cement prices continue to rise, wreaking havoc in the real estate...
Liquidity in banks remain satisfactory – BoG
Despite the adverse macroeconomic developments, and the negative effect of the Domestic Debt Exchange Programme, liquidity in the banks remained satisfactory.According to the 2023...
Gold exports in 2023 surged to $7.60bn, but crude oil and cocoa exports tumble – BoG
Gold exports in 2023 amounted to $7.60 billion, representing a year-on-year increase of 15.0%.This is mainly due to a 9.2% increase in the volume...
We haven’t had a market share for a year now – PBC MD
Managing Director of the Produce Buying Company (PBC), Derek Kwaku Nkansah, has disclosed that the company has not held any market share for the...
New tech startup for job seekers ‘Adjuma’ to go fully online in Ghana
Adjuma, a talent and employer networking platform set to become the premier talent and employer jobs network in Ghana, is scheduled for a full...
Businesses have lost over 56% of their working capital in 6 months – GUTA
Businesses in Ghana have experienced a drastic reduction in their working capital, losing over 56 percent in just six months due to the deteriorating...
GSE records 4 top price gainers in May; T-bills accounted for 74% of volumes traded on GFIM
The Ghana Stock Exchange recorded four top price gainers in May 2024.According to the Summary of May 2024 Market Activities, the top price gainers...
COPEC blames fuel price increases on adjustment in UPPF margin
The Chamber of Petroleum Consumers Ghana (COPEC) has expressed disappointment in the National Petroleum Authority (NPA) for increasing the Unified Petroleum Price Fund (UPPF)...
Locked-up investment holders to resume picketing at Finance Ministry today
The Locked-up Investment Holders' Forum has announced that it will resume its picketing at the Finance Ministry today, Wednesday, June 5, after the ministry...
Fuel price increase: a litre of petrol, diesel selling at GH₵14.84
Some Oil Marketing Companies have started increasing the prices of petroleum products at the pumps.Shell is selling a litre of petrol and diesel at...
Watch how the price of pepper (‘paint container size’) increased by more than 200% in a year
The price of pepper ('paint container size') has increased by more than 200% in less than a year moving from an average of GH¢65...
We will pass on planned increase of utility tariffs to consumers – Businesses warn
Businesses and manufacturers have warned that they will have no other option but to pass on any increase in utility tariffs to consumers.The caution...
Adom FM Home Makeover: Listeners already winning big
Lucky listeners of Ghana’s leading radio station, Adom 106.3 FM, have begun receiving prizes in the ongoing Adom FM Home Makeover campaign.Winners are being...
T bills: Government borrowed GH¢15.71bn in May 2024
The government borrowed GH¢15.71 billion via treasury bills in May 2024, about 7% higher than in April 2024.In April 2024, the government received GH¢15.60...
Fuel prices expected to go up
The National Petroleum Authority (NPA) has directed the various industry players to increase the Unified Petroleum Price Fund (UPPF) margin by GH₵0.05 on every...
Finance Minister pushes for friendlier tax systems in Africa
The Finance Minister, Dr Mohammed Amin Adam, has called on African governments to reform tax systems to make payment simple and fast, and friendlier...
Import Restrictions Bill needs clear policy direction and transparency – Prof Bokpin
A professor of Finance at the University of Ghana, Godfred Bokpin, voiced his disapproval of the suspended import restrictions bill emphasising the need for...
IMF deal couldn’t have been secured without DDEP – BoG
The Bank of Ghana (BoG) has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without the implementation...
Gold for oil: BoG spends GH¢2.43bn on petroleum import finance
The Bank of Ghana (BOG) has disclosed that as of December 31, 2023, the consolidated capitalised cost incurred on the Gold for Oil (G40)...
Education Ministry challenges reports of GHS 56m payment for unused Wi-Fi services in schools
The Ministry of Education has issued a comprehensive response to recent allegations regarding the Wi-Fi for Schools Programme, aiming to address concerns raised by...
Registrar of Companies to strike out 508,000 companies
Five hundred and eight thousand (508,000) public and private business entities are to be struck off the register of the Office of the Registrar...
Track, trace and capture remittances as a short-term measure to stabilise cedi – Dr. Atuahene
A Banking Consultant Dr. Richmond Atuahene has advised the Bank of Ghana (BoG) to track, trace and capture remittances as a short-term measure to...
Locked-up Investment Holders Forum resumes planned picketing at Finance Ministry
Members of the Locked-Up Investment Holders Forum are returning to the Finance Ministry on Wednesday, June 5, 2024, to demonstrate.This comes after a promise...
Internet access should be a public utility – Tech analyst
Technology Analyst and Digital Lead at Pop Out, Maximus Ametorgoh is advocating for internet access to be treated as a public utility.According to him,...