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Mahama pledges alternatives to controversial betting tax

Former President, John Mahama has pledged to explore alternatives to the contentious betting tax as part of his campaign strategy for the upcoming elections. Addressing...

eTranzact Ghana appoints Rev. Prof. Paul Frimpong-Manso as Board Chair

eTranzact Ghana Limited, a leading provider of innovative payment technology solutions, has announced the appointment of Rev. Prof. Paul Frimpong-Manso as its new Board...

World Bank: Majority of Ghanaian banks strong enough to avoid recapitalisation

In its 8th Ghana Economic Update, the World Bank reported that over half of Ghana's 23 banks are well-positioned to avoid the need for...

COCOBOD sets record straight on loan default 

The Ghana Cocoa Board (COCOBOD) has addressed inaccuracies regarding the repayment of a GH¢1.99 billion cocoa bill arranged between 2010 and 2013. In a statement,...

T-bills: Govt misses target for 5th consecutive week

The government has once again missed its target for the sale of short-term instruments to domestic investors, falling short by approximately GH¢1,257.90 million. According to...

Jamestown fishermen demand inclusion in $60m Harbor project

Fishermen in Jamestown have expressed urgent concerns about their exclusion in the soon-to-be-commissioned fishing harbour. Despite government assurances that they will be included in the...

COCOBOD invests ¢943m in cocoa rehabilitation, confident of producing 800k tons next year

The Ghana Cocoa Board (COCOBOD) has invested almost a billion cedis last year to rehabilitate aged cocoa farms and those ravaged by swollen shoot...

MASLOC honoured for championing business sustainability, CEO wins the ultimate woman of the year

In an evening of glitz, celebration and recognition at the fourth edition of the National Business Honours 2024 held at the Marriott Hotel in...

Eni Ghana workers suspect foul play in the unitisation of Afina project

Hundreds of workers of Eni Ghana Exploration and Production Ltd have expressed disquiet over the seeming foul play in the unitisation of the Afina discovery...

Ghana to rely on T-bills, multilateral and bilateral lenders for financing until 2027

Due to a lack of access to the international market, the government’s financing during 2024-2026 is expected to be limited to multilateral and bilateral...

People hesitate to enrol on insurance plans due to trust issues

The Business Development Manager at MiLife Insurance, Benjamin Nketiah has noted that many individuals are reluctant to enroll on insurance plans due to a...

Finance Minister’s apology not enough – Bokpin

A finance and economics professor at the University of Ghana, Professor Godfred Bokpin, says the recent apology by the Finance Minister, Dr Mohammed Amin...

Govt committed to strengthening FDA, other regulatory agencies – Joseph Cudjoe

The Minister for Public Enterprises, Joseph Cudjoe, is re-echoing the government's commitment to ensuring that regulatory institutions, including the Food and Drugs Authority (FDA),...

LPG marketing companies halt business with Quantum and Blue Ocean depots in Tema

The Liquefied Petroleum Gas Marketing Companies (LPGMCs) have officially notified the Gas Tanker Drivers Association of their immediate decision to cease business relations with...

Government to borrow GH¢78bn via T-bills in quarter 3, 2024

The government plans to borrow GH¢78.441 billion from the money market in the third quarter of 2024. Out of that, GH¢53.807 billion will be used...

Continued investment key to sustaining hospitality gains in Ghana – Yusuf Olela

The Group General Manager of Alisa Hotels, Yusuf Olela has underscored the need for a continuous investment in hospitality to bolster the industry and...

Ofori-Atta’s Databank earned $9.2m in Eurobonds, domestic bonds in 3 years – Manasseh’s book reveals

Investment bank, Databank, co-founded by the former Finance Minister, Ken Ofori-Atta is said to have earned a total amount of $9.2 million from Ghana's...

Implementation of cocoa farmers’ pension scheme deductions takes off in 3 districts

The Ghana Cocoa Board (COCOBOD) has begun a pilot program for deducting cocoa farmers' contributions to the Cocoa Farmers Pension Scheme. The pilot program has...

Over $5bn worth of gold reserve realised under domestic gold purchase programme – BoG

The Bank of Ghana (BoG) has announced that over $5 billion worth of gold reserve has been accumulated so far under the Government’s Domestic...

Banks demand publication of businesses sanctioned by BoG for issuing dud cheques

The Ghana Association of Banks (GAB) is demanding the publication of all businesses and individuals sanctioned by the Bank of Ghana (BoG) over the...

Ministry of Finance announces measures to address debt crisis and reduce borrowing

The Ministry of Finance, following the recent domestic debt restructuring and ongoing negotiations with international creditors, has implemented strategies to stabilise the economy. Deputy Minister...

Business has been slow after BoG directive to check Ghana Card – Forex Bureaux Association

The Ghana Association of Forex Bureaux says their operations have slowed down in recent times after the Bank of Ghana (BoG) gave a directive...

Bawumia proposes anchoring Cedi to Gold for long-term stability

Vice President, Dr Mahamudu Bawumia has unveiled plans to stabilize the cedi by anchoring its value to gold, a move aimed at mitigating currency...

Bawumia asks stakeholders to explore innovative solutions to bridge road financing gap

Vice President, Mahamudu Bawumia has tasked stakeholders in the road infrastructure provision industry to critically evaluate the opportunities in the financing models for funding...

Probe into PBC’s finances long overdue – Former worker 

A former worker of PBC Limited, Frederick Ackon has endorsed workers call for a probe into the company's financial management. The workers have called on...

New Shippers’ Authority law set to transform Ghana’s shipping industry – CEO affirms

At a pivotal stakeholder meeting held at the Ghana Shippers’ Authority (GSA) headquarters on Friday, August 2, 2024, GSA CEO Kwesi Baffour Sarpong underscored...

Some manufacturing companies responsible for exchange rate volatilities – Finance Minister

The Minister of Finance, Dr Mohammed Amin Adam has expressed worry about the conduct of some local manufacturing companies. He accused them of engaging in...

Bawumia moves to fulfil dream of gold value addition

The Vice President, Dr Mahamudu Bawumia, has noted that the establishment of a refinery in Ghana is a strategic investment which contributes immensely to...

GRA grants amnesty to users of uncustomed vehicles

The Customs Division of the Ghana Revenue Authority (GRA) has granted a two-month amnesty period for users of uncustomed vehicles. The amnesty which took effect...

SSNIT has made positive strides in recent years – Osafo-Maafo

The Director General of the Social Security and National Insurance Trust (SSNIT), Kofi Bosompem Osafo-Maafo, has highlighted the significant progress made by the management...

Stable macroconomic environment to boost GSE growth in second-half of 2024

Stocks are expected to continue to perform well on the Ghana Stock Exchange (GSE) going into the second half of 2024. While non-financial stocks have...

Current PBC management knows nothing about cocoa industry – Former worker

A former staff of PBC Limited, formerly called Produce Buying Company, Frederick Ackon has blamed management for the predicament of PBC. Acknowledging that every new...

We need $271.7 bn to expand roads – Finance Minister

The country needs an estimated $271.7 billion to achieve its target of expanding the road network from 78,401km in 2016, to 253,000 km by...

Angry PBC workers demand probe into financial issues [Audio]

Workers of the Produce Buying Company of Ghana (PBC) are appealing to state agencies to probe its management concerning financial issues. The workers have also...

Expand road tolling system to ensure equity – Bawumia

Vice President, Dr Mahamudu Bawumia has called for an expansion of Ghana's road tolling system to make it more inclusive and comprehensive. This proposal follows...

Clamp down on unregistered and unregulated forex businesses – ISSER to BoG

The Institute of Statistical, Social and Economic Research (ISSER) has urged the Bank of Ghana (BoG) to take decisive action against unregistered and unregulated...

Kejetia-Central Market traders excited as redevelopment project resumes

Traders in the Ashanti region have expressed satisfaction with the resumption of work on phase two of the Kejetia-Central Market redevelopment project, which had...

Build up sinking fund to ensure sufficient repayment of restructured debts – ISSER

The Institute of Statistical, Social and Economic Research (ISSER) has emphasized the importance of reinforcing Ghana’s Sinking Fund to adequately manage the repayment of...

Stop apologising and reduce rising debt – Independent Bondholders Forum to Minister

A member of the Bondholders Forum, Harry Yamson has recommended that the government prioritise addressing the debts as a solution to the country's economic...

Apology doesn’t heal wounds from your actions – Finance Minister told

Convener of the Pensioners Bondholders Forum, Dr Adu Anane Antwi, says the Minister of Finance, Dr Mohammed Amin Adam's recent apology to Ghanaians for...