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...
Don’t focus on tax waiver amounts, focus on economic development – Afenyo-Markins
The Majority Leader in Parliament, Alexander Afenyo-Markins, has stated that the complaints over the amount of tax waivers granted to some companies are misplaced.In...
ECG fully complies with Cash Waterfall Mechanism for the first time
The Public Utilities Regulatory Commission (PURC) has announced in its latest validation report that the Electricity Company of Ghana (ECG) has fully adhered to...
NIB must just be killed; successive governments have looted it – Franklin Cudjoe
President of IMANI Africa, Franklin Cudjoe has criticised successive governments for allegedly misappropriating funds from the National Investment Bank (NIB), stating that it has...
Gov’t institutes monthly stakeholder dialogue to ease doing business in Ghana
The government has instituted a new monthly stakeholder dialogue with both local and foreign businesses to fast-track the processes of doing business in Ghana.The...
Ndoum calls on govt to pay over GH¢7bn owed his companies
The Chairman of Groupe Ndoum and the former owner of Gold Coast Fund Management Company, Dr Papa Kwesi Ndoum, has said government still owes...
Restructuring Ghana’s $5.4bn debt: Key timelines for the tortuous journey
GHANA’S prolonged debt restructuring process has moved closer to completion as the country received a draft memorandum of understanding (MoU) from its bilateral creditors, including France...
Energy Ministry dismisses claim about Napo’s alleged involvement in Tullow Oil deal
The Energy Ministry has refuted assertions made by social media commentator, Kevin Taylor about a contract involving Tullow, Kosmos, GNPC, and Petro SA.Mr. Taylor...
Cedi depreciates 14.6% to dollar as of May 2024 – BoG
The Ghana cedi has depreciated by about 14.6% to the US dollar as of May 2024, the Bank of Ghana has revealed.This is lower...
Govt receives $5.4bn debt restructuring plan
The government has received a draft memorandum of understanding from the Official Bilateral Creditor Committee co-chaired by France and China, representing the final step...
Ghana’s public debt increases by GH¢46.4bn to GH¢658.6 in two months of 2024
Ghana’s public debt increased by GH¢46.4 billion in the first two months of 2024 to hit GH¢658.6 billion ($53.1 billion), data from the Bank...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
Research shows African brands have retained a 14% share of the top 100 most admired brands in Africa for the second consecutive year.The report,...
Tullow Oil and Forestry Commission partner in $90 million emissions reduction agreement
Tullow Oil plc has announced a financial investment of approximately US$90 million over a period of 10 years in an Emissions Reduction Purchase Agreement...
1D1F: I only know of Ekumfi juice – GUTA President says as he proposes fair [Audio]
The Ghana Union of Traders Association (GUTA) is urging government should consider doing a fair to showcase the factories under the One District One...
64% of Africans believe in Africa, but only 14% are loyal to African brands – Report
African brands retain 14% share of Top 100 most admired brands in Africa.
South Africa’s MTN retain position as the #1 most admired...
Govt approves GH¢2.3bn to restructure and recapitalise NIB
Cabinet has approved GH¢2.3 billion for the restructuring and recapitalisation of the National Investment Bank (NIB).The amount is the first tranche of GH¢400 million...
No need to rush for forex – Finance Minister cautions
Minister for Finance, Dr. Mohammed Amin Adam has cautioned against the recent panic-driven rush for foreign exchange in the country that has seen the...
Economic outlook bright in the medium term – Finance Minister Amin Adam
Minister of Finance, Dr. Mohammed Amin Adam, has expressed optimism about the country's economic future, describing the outlook as "bright."Dr. Adam has consequently called on...
Ministry of Finance, BoG working to address cedi depreciation – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has assured that the Ministry of Finance is working with the Bank of Ghana to implement measures to...
Gov’t meets zero Central Bank borrowing and non-concessional borrowing limit
Finance Minister, Dr. Mohammed Amin Adam has pointed out the government met some key fiscal targets under the International Monetary Fund-supported programme.They include zero...
Cedi has cumulatively depreciated by 14.2% in 2024 – Amin Adam
The Minister of Finance, Dr. Mohammed Amin Adam, announced that the depreciation of the Cedi has been significantly stabilized from November 2022 to December...
Ghana’s cocoa industry: Why the appetite for smuggling?
Despite the farmgate price of cocoa increasing by over 100% this year, Ghanaian farmers continue to face significant financial challenges due to high inflation...
Bilateral creditors forward MoU on debt restructuring to government
Ghana’s bilateral creditors have forwarded a final Memorandum of Understanding (MOU) on the country’s debt restructuring to the government.This is what JOYBUSINESS has picked...
Declining oil production and other takeaways from the 2023 PIAC report
The Public Interest and Accountability Committee (PIAC) has released its 2023 report on the management and use of petroleum revenues, revealing a stark 32.5%...
MTN Ghana to phase out scratch cards by June 2024
MTN Ghana has announced that it will be phasing out its scratch cards, which were last introduced in 2020, effective June 30, 2024.This decision...
Cedi depreciation: GUTA president sends important message to BoG
President of the Ghana Union of Traders Association (GUTA), has called on the Bank of Ghana (BoG) to relax the stringent documentation requirements businesses...
KT Hammond slams Minority’s ‘horror’ opposition to Import Restrictions Bill
The Minister of Trade and Industry, KT Hammond, has criticized the Minority caucus in Parliament for obstructing the Export and Import (Restrictions on Importation...
Kejetia market cloth sellers’ protest leads to release of seized goods
Authorities in Ashanti region have released goods seized from cloth sellers at Kejetia Market in Kumasi after a vehement protest by the traders.The seizure...
Election 2024: National Election Response Group launched to control violent threats
The West African Network for Peacebuilding (WANEP) and the National Peace Council (NPC) have launched a National Election Response Group (NERG) to monitor and...
Foodstuff prices escalate at Mallam, Kaneshie, and Odawna markets
Traders and consumers at the Kaneshie, Odawna and Mallam Atta markets in the Accra Metropolitan Districts have decried the increase in prices of food...
MTN Ghana to stop selling scratch cards by June 2024
MTN Ghana has announced that it will be phasing out its scratch cards, which were last introduced in 2020, effective June 30, 2024.This decision...
Daily consumers of marijuana outnumber daily drinkers in US – Report
The number of Americans who smoke cannabis on a daily or near-daily basis now exceeds those who drink alcohol as often, a study has...
KPMG hints at financial obligation risks if Ghana terminates GRA-SML contract – KPMG report
More interesting findings have surfaced since the audit report on the controversial agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd...
GRA’s 6 contracts with SML was without PPA’s approval – KPMG Report
It has emerged that, the Ghana Revenue Authority (GRA) did not seek approval from the Public Procurement Authority (PPA) and Parliament in six of...
Terminate GRA/SML deal – Manasseh Azure
Investigative journalist, Manasseh Azure Awuni has called for a complete dissolution of the contentious revenue mobilisation deal between the Ghana Revenue Authority (GRA) and...
Ministry of Foreign Affairs commences 3rd Made-in-Ghana Bazaar
The third edition of the Made-In-Ghana Bazaar organised by the Ministry of Foreign Affairs and Regional Integration has taken off today, May 23, 2024.After...
SML owes GRA GH¢31.88m tax – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday has revealed that Strategic Mobilisation Ghana Limited (SML) owes the Ghana Revenue Authority (GRA)...