Ghana achieves GH¢11.5bn trade surplus in Q1 2024
Ghana achieved a notable trade surplus of GH¢11.5 billion in the first quarter of 2024, buoyed by a 20.4% increase in the average prices...
Don’t provoke traders – GUTA tells Stephen Amoah over depreciation comments
The Ghana Union of Traders Association (GUTA) has warned Deputy Minister of Finance, Dr. Stephen Amoah against making statements that could incite the trading...
SSNIT says it hasn’t made a decision yet to sell shares in hotels – TUC
The Trade Union Congress (TUC) has revealed that the Social Security and National Insurance Trust (SSNIT) has not yet decided on selling 60% of...
Ghana Statistical Service releases first-ever export and import price indices
The Ghana Statistical Service (GSS) has for the first time released the Export and Import Price Indices (XMPI).These indices, also known as the Unit...
Majority calls on Minority to support tax waivers for 42 local companies
Forty-two (42) local companies have been waiting for the past three years to operate but have been hindered due to waivers that have been...
Bawumia will use a long-term strategy to stabilise cedi when elected – Stephen Amoah
Deputy Minister for Finance, Dr. Stephen Amoah, has argued that Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), intends to develop...
EIU revises global GDP up to 2.5% for 2024
The Economist Intelligence Unit (EIU) has revised its global real Gross Domestic Product (GDP) growth in 2024 to 2.5% from 2.4%.This means growth will...
Inflation to fall to 21% in May 2024, end year at 17% – Report
Inflation is expected to fall to 21% level in May 2024 and end the year around 17%.According to GCB Capital, this is due to...
My cedi depreciation a ritual problem statement taken out of context – Minister
Deputy Minister for Finance, Dr Stephen Amoah, has clarified that his statement that the cedi depreciation is a ritual problem has been taken out...
Independent power producers threaten to walk away from debt talks
Ghana’s private power producers are threatening to walk away from talks to revamp $1.6 billion in arrears, a potential snag in the West African...
Akufo-Addo applauds NEIP’s role in transforming Ghana’s startup ecosystem
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has praised the significant impact of the National Entrepreneurship and Innovation Programme (NEIP) on Ghana's...
Electrochem Ghana to list on Ghana Stock Exchange
Indigenous salt mining firm Electrochem Ghana Limited, a subsidiary of McDan Group of Companies, is set to expedite the listing of its shares on...
Private sector financing key to development agenda – Dr. Amin Adam
The Minister for Finance, Dr Mohammed Amin Adam, has indicated that significant private sector financing is needed to drive the continent’s transformation.According to him,...
Bawumia reveals cedi stabilisation plan if elected President
The 2024 flagbearer of the governing New Patriotic Party (NPP), Dr Mahamudu Bawumia has revealed his intentions to adopt a new approach to stabilise...
FAAJ demands immediate dismissal of SSNIT Director General
Social justice group, the Forum for Accountability and Justice (FAAJ) has called for the immediate dismissal of the Director General of the Social Security...
Bank of Ghana explains inflation dynamics [Video]
The Bank of Ghana has initiated a program to explain the dynamics of inflation.Additionally, the Central bank has offered insights into how it determines...
Bawumia reiterates commitment to partner with private sector
Flagbearer of the New Patriotic Party (NPP), Alhaji Dr. Mahamudu Bawumia, has reiterated his commitment to partnering with the private sector to reduce government...
BoG to demand list of all interested parties in any sale of SG Ghana shares
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has revealed that the Central bank will demand for a list of all...
Fuel prices to go up in first half of June 2024 – IES predicts
Fuel prices are expected to increase again in the first half of June 2024, the Institute for Energy Security (IES) has predicted.This is according...
Support Ghana’s economic recovery – Amin Adam tells investors
Ghana’s Minister for Finance, Dr. Mohammed Amin Adam, has called on the investor community to support Ghana’s steady economic recovery.He stressed Ghana’s efforts to...
Free Zone companies’ illegal plastic sales cost Ghana ¢264m annually
The Ghana Plastic Manufacturers Association has accused certain Free Zones Companies of engaging in illegal activities that result in substantial revenue losses for the...
Ghana’s MoMo accounts reach 68.2m
Registered mobile money accounts in Ghana surged to 68.2 million in April this year, marking a significant increase compared to 57.6 million in the...
Demand pressures on cedi ease; one dollar equals GH¢14.90
The Ghana cedi posted a mixed performance last week as demand pressures on the US dollar eased for most of the week.However, this week,...
You will regret your actions soon; BoG Governor to currency speculators
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has cautioned person’s speculating and betting on the cedi’s current challenges to desist...
Cedi depreciation: Black market dealer reveals deep secret
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
Nick Danso Adjei honoured as Maritime and Trade CEO of the year at 8th Ghana CEO Summit
Dr Nick Danso Adjei, the Executive Chairman of Trade Facilitation Company, Ghana Link Network Services Ltd, has been named the Best Maritime and Trade...
GN Bank never took a bailout from BoG – Group Nduom VP clarifies
Vice President of Group Nduom, Nana Ofori Owusu, has clarified the situation of GN Savings and Loans compared to other local banks whose licenses...
Fiscal discipline critical for economic confidence – BoG
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.This statement comes at a time of...
Ghana’s oil decline alarms ACEP boss who calls for urgent investment incentives
Executive Director of the Africa Center for Energy Policy (ACEP), Ben Boakye, has expressed concern over Ghana’s falling oil production.The 2023 Public Interest and...
Election 2024: Mahama pledges to scrap E-Levy
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has reaffirmed his commitment to abolish the E-levy if elected President in the...
GNPC CEO confirms decline in crude oil production but…
The CEO of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has responded to concerns about Ghana's declining crude oil production, as highlighted...
BoG sets up task force to monitor illegal operators in forex market
The Bank of Ghana (BoG) has established a task force to oversee all foreign exchange bureaus.This was announced by Dr. Ernest Addison, the Governor...
Don’t leave our country – Mahama ‘begs’ multinational companies
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has urged multinational companies to reconsider exiting the Ghanaian market.The economic environment in...
GUTA Vice President calls for action against companies and individuals charging in dollars
The Vice President of the Ghana Union of Traders Association (GUTA), Clement Boateng, has urged the government and relevant agencies to take decisive action...
A dollar would have been GH₵50 if… – Carlos Ahenkorah [Audio]
Member of Parliament for Tema West, Carlos Ahenkorah has said the New Patriotic Party (NPP) has made significant strides in stablising the cedi.According to...
Monetary Policy Committee of BoG keeps policy rate at 29 percent
The Monetary Policy Committee of the Bank of Ghana (BoG) has kept the policy rate at 29 percent.Addressing the media, Governor of the BoG,...
Traders threaten protest over high exchange rate
The Ghana Federation of Traders has urged the government to reduce the exchange rate from GH¢15 to GH¢10, warning of potential protests if no...
Ghana’s economy hits GHȼ1 trillion mark: A mixed bag of success and struggle
In a significant stride forward, Ghana's economy has achieved a significant milestone by crossing the GHȼ1 trillion Gross Domestic Product (GDP) threshold, a projection...
South Korea invests $28m in Ghana’s rice production
The intervention, which covers 25 various projects including agriculture, forms part of the Republic of Korea's aim to strengthen the economic and bilateral relations...
Redirect SDRs to Development Banks – AfDB urges IMF as calls grow for global reform
The African Development Bank Group is making a strong case for the rechanneling of Special Drawing Rights (SDRs) to development banks especially those in...