The worst is over for Ghana’s economy – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now...
Fuel prices won’t cross GH¢18 mark next week – CBOD assures consumers
The Ghana Chamber of Bulk Oil Distributors (CBOD) has allayed the fears of consumers that fuel prices may go up astronomically by the end...
Fitch Solutions forecasts end-year cedi to dollar rate of GH¢12.25; currency depreciates 11% to dollar
Fitch Solutions is forecasting an end-year cedi to dollar rate of GH¢12.25 to one US dollar, arguing the the Ghanaian cedi will recoup some...
Ghana’s economy heading towards stability – Finance Minister
Ghana's Minister of Finance, Dr. Mohammed Amin Adam, has announced that the country's economy is moving towards stability, citing robust economic progress and strong...
Apple removes WhatsApp and Threads from China app store over national security concerns
Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security...
Ghana nears agreement on debt restructuring with bilateral creditors
Finance Minister Dr Mohammed Amin Adam has revealed that the bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s...
LPG prices surge in Ghana, raising concerns over tax impact
The soaring cost of liquefied petroleum gas (LPG) in Ghana has become a critical issue, marked by a substantial increase in prices in recent...
Financing assurance secured from bilateral creditors to aid Ghana’s 2nd review funding – IMF Africa head
The International Monetary Fund (IMF), has revealed that it has secured the needed financing assurance from bilateral creditors that will help to conclude the...
Development Bank Ghana targets 1 billion cedis funding for commercial banks
Development Bank Ghana has revealed that it is working to advance 1 billion cedis to commercial banks and participating financial institutions this year to...
Ghana’s oil production to rebound in 2024 growing by 5% – Fitch Solution
Ghana’s oil production is expected to rebound in 2024, with an anticipated increase of 5.0% to 177,120 barrels per day (b/d).According to Fitch Solutions,...
Fitch Solutions projects 19.0% average inflation for Ghana in 2024
Fitch Solutions is projecting an average inflation of 19.0% for Ghana in 2024.This is lower than the International Monetary Fund’s 22.3%.According to the London-based...
Ghana to host Ghana-Cote d’Ivoire Cocoa Initiative Headquarters
Vice President Mahamudu Bawumia has hosted Robert Beugré Mambé, the Prime Minister of Côte d’Ivoire, at the Jubilee House, ahead of the inauguration of...
Ghana’s revenue-to-GDP ratio to exceed 17% within next six years, but expenditure to remain flat – IMF
Ghana’s revenue-to-Gross Domestic Product ratio is expected to exceed 17% year-on-year for the next six years.According to the International Monetary Fund’s April 2024 Fiscal...
Western North Region most expensive for food in Ghana – New GSS report finds
The Ghana Statistical Service (GSS) launched its second Food Price Variability report today at the Accra Technical University (ATU), revealing significant differences in food...
KNUST’s Prof. Grace Nkansa Asante becomes Ghana’s first female Professor of Economics
Prof Nkansa Asante becomes the first female in Ghana to be conferred the academic title following an approval by the University Council.She currently holds the position as the Vice Dean at the Faculty of Social Sciences of the College of Humanities and Social Sciences, KNUST.
PIAC touts GNPC’s prowess as key energy provider
The Public Interest and Accountability Committee (PIAC) has called for the review of the laws of the Ghana National Petroleum Corporation (GNPC) to allow...
Change MASLOC into a digital lending platform – Citizens Movement against Corruption
The Citizens Movement against Corruption has proposed transforming the Microfinance and Small Loans Center (MASLOC) into a digital lending platform.MASLOC, established to provide...
MTN and Huawei launch Joint Technology Innovation Lab to drive Africa’s digital transformation
MTN Group, in partnership with Huawei, officially inaugurated the Technology Innovation Lab at MTN Group's headquarters.This milestone marks a significant advancement in their ongoing...
IMF projects single-digit inflation of 8 percent for Ghana by end of 2025
The International Monetary Fund, IMF is projecting that Ghana will return to single-digit inflation by the end of 2025.The IMF in its Economic Outlook...
Ghana Commodity Exchange marks 5th anniversary with symposium
As part of celebrations to mark its 5th year Anniversary, the Ghana Commodity Exchange (GCX) has organized a symposium under the theme "Transforming Commodity...
IMF projects 4.4% growth rate for Ghana in 2025
IMF is projecting a growth rate of 4.4 per cent for Ghana by the end of 2025.This was captured in the IMF’s Global...
Beige Bank disobeyed Bank of Ghana – Prosecution
The Chief State Attorney (CSA), the prosecution in the ongoing trial of the former Chief Executive Officer (CEO) of the defunct Beige-Bank, has challenged...
Producer Price Inflation increases sharply to 16.5%
The year-on-year inflation rate at ex-factory prices for all goods and services was 16.5% in March 2024, the Ghana Statistical Services has disclosed.This is...
Russia to grow faster than all advanced economies says IMF
An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International...
Fisheries Ministry announces Ghana’s first Marine Protected Areas
Fisheries and Aquaculture Development Minister Mavis Hawa Koomson has announced Ghana’s first Marine Protected Areas (MPA).The MPA covers some 700km2 of biodiversity-rich coastal waters. The communities...
Ghana’s emerging economic potential – Ekumfi and Natural Juices Industries
As Ghana’s cocoa sector is diminishing at a faster rate as well coconut, the citrus and juice industry are likely to be the next...
Fuel price increase: Petrol selling at GH¢14.99, diesel going for GH¢14.80
Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps in line with the two-week review period.Market Leader, GOIL is...
NPA sets ₵13.2 as price floor for petrol; ₵13.7 for diesel
The National Petroleum Authority (NPA) has started enforcing the “price floor” for petroleum products in the country.The initiative, which is part of the NPA’s...
LPG consumption declines by 4.47%
There is an overall decline of approximately 4.47% in Liquified Petroleum Gas (LPG) consumption from January 2020 to December 2023, compared to a growth...
Ghanaian banks’ profitability to weaken due to new Cash Reserve Ratio regime – Fitch
Ratings agency, Fitch is warning that the profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link...
Cedi depreciates 9.65% to dollar
The Ghana cedi returned to its loss trajectory last week as it has depreciated by 9.65% to the dollar on the retail market since...
Bond market: Turnover tumbles by 52.9% to GH¢336.90m
Total turnover on the bond market retreated by 52.94% week-on-week to GH¢336.90 million last week.The decrease in activity partly came on the back of...
Ghana debt restructuring snag just a hiccup – Amin Adam
Ghana has made “significant progress” in debt-restructuring negotiations and the latest snag that sent its Eurobonds tumbling on Monday will be ironed out in...
Isaac Adongo dismisses IMF’s ‘positive’ assessment on Ghana’s economy
The Ranking Member on the Finance Committee in Parliament, Isaac Adongo, has raised concerns following the recent staff review by the International Monetary Fund...
IMF Executive Board selects Kristalina Georgieva to serve a second term
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term...
IMF deal has delivered on broad structural quantitative objectives – Dr Theo Acheampong
Political Risk Analyst, Dr Theo Acheampong has lauded the government's success in meeting its broad structural quantitative targets under the International Monetary Fund (IMF)...
Abioye Oyetunji, Victor Osimeh among others make Forbes Africa 30 Under 30 list
The Chief Executive Officer (CEO) of FXKudi, Abioye Oyetunji has been named in the 2024 Forbes Africa 30 Under 30 list.The list also...
IMF deal has achieved short-term targets but… – Seth Terkper
Former Finance Minister Seth Terkper has asserted that while the government has achieved some short-term targets, more efforts are needed to fully realise the...
Ghana fails to reach debt deal with international bondholders
Ghana has failed to strike a deal with two bondholder groups to restructure $13 billion of international bonds, the government said on Monday, dealing...
Cephas Quarshie: A man of God using Cereno Homes to redefine housing in Ghana
Apostle Dr. Cephas Quarshie, renowned as the Group Chairman of the CBS Group of Companies, stands at the forefront of Ghana's business landscape, earning...