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Fuel prices drop by 2 percent; petrol at ₵14.2, diesel ₵13. 65 a litre

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products in line with expected adjustments at the pumps. Star Oil has taken the...

Nkwanta Thursdays market opens

In a significant boost to the local economy, the Nkwanta South market in the Oti Region has officially opened its doors for an additional...

Gold exports to hit US$10bn by end of 2024 – Minerals Commission CEO

Gold exports jumped to a record gold in the first half of 2024. According to the Chief Executive Officer of the Minerals Commission, Martin Ayisi...

MTN records GH¢2.33bn profit, subscribers hit 28.4 million

MTN Ghana recorded a profit of GH¢2.33 billion in the first half of 2024, about a 36% year-on-year increase. According to its unaudited financial statement,...

MTN Ghana calls for collaboration amongst SMEs and key players

MTN Ghana, in partnership with Keynote Africa, organised the 2024 Africa Business Innovation Forum, which brought together small and medium-sized enterprises (SMEs) to discuss...

Akufo-Addo inaugurates GNPC Operational Headquarters in Takoradi

In a landmark event that signifies a monumental step forward for Ghana’s oil and gas industry, President Nana Akufo-Addo officially commissioned the new Operational...

Ghana Shippers’ Authority Bill, 2024, approved by Parliament

Parliament has successfully passed the Ghana Shippers' Authority Bill, 2024, into law following its third reading on the floor of the House on Monday,...

Cost of financial sector clean-up to rise to GH₵34 billion

A report from Parliament indicates that the cost of the financial sector clean-up could rise to GH₵34 billion. This comes after Parliament recommended that the...

Indian-based firm to operate Komenda sugar factory under long-term lease

The government has announced plans to lease the Komenda Sugar Development Company Limited to West Africa Agro Limited, an Indian-based firm, for a renewable...

Ambulance after-sales service: Service Ghana Auto reacts to “utterly false” allegations

Service Ghana Auto Group Limited (SGAGL) has strongly refuted allegations about its after-sales service and maintenance contract for 307 ambulances, describing the claims as...

Ghana CEO Awards honors Dr. Nick Danso Adjei with dual recognition

Executive Chairman of Ghana Link Network Services Limited, Dr Nick Danso Adjei has been awarded two prestigious titles at the third edition of the...

BoG acted rightly in disapproving Smith-Graham’s appointment as UMB Board Chair – Court

The High Court presided over by Justice Nana Brew dismissed an application for judicial review filed by George Smith-Graham, a former director of UMB...

BoG’s independence should remain a priority – IMF to government

The International Monetary Fund (IMF) wants the adoption by Cabinet of the amendments to the Bank of Ghana Act to remain a priority to...

Mordecai Quarshie writes: Ponzi schemes, economic independence and Bawumia

I associate with Kwaku Kwarteng (MP)’s main thrust in his article, ‘To Break the Eight, We Must First Break the Norm.’ At the heart of...

Forex Bureaux to verify Ghana Cards, Passports before transactions effective August 1

The Bank of Ghana has announced an update to its foreign exchange trading system, introducing a centralised platform aimed at ensuring the integrity and...

BoG’s forex trade measures won’t yield results in stabilizing cedi – Bokpin

Economics Professor, Godfred Bokpin is warning that the new measures by the Bank of Ghana (BoG) to clamp down on black market operators in...

Prof Bokpin questions government’s claims of recovery amidst growing hardships

A finance and economics expert at the University of Ghana, Professor Godfred Bokpin, has questioned the government over the real magnitude and impact of...

BoG launches centralised forex exchange platform

The Bank of Ghana (BoG) has unveiled a centralised foreign exchange trading platform. In a statement signed by the Secretary to the Bank of Ghana,...

Fuel prices to fall between 2% and 4% in coming days – IES

The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1,...

Akufo-Addo launches Aquaculture for Food and Jobs programme

In a groundbreaking event held on Tuesday, July 30, 2024, at Nsuaem in the Central Region, President Nana Addo Dankwa Akufo-Addo unveiled the Aquaculture...

Nestlé Ghana delights loyal customers with exciting rewards in inaugural ‘Nido Obatanpa Mo’ promotion

Nestlé Ghana Limited has expressed its gratitude to loyal consumers through the highly anticipated 'Nido Obatanpa Mo' grand draw. This promotion is a token of...

Change your business models to reduce NPLs – BoG to savings and loans companies

The Bank of Ghana is advising savings and loans companies across the country to reassess their business models. Head of Banking Supervision Department at the...

Government to review some tax handles to improve investment climate – Deputy Finance Minister

A Deputy Minister of Finance in-charge of revenue, Dr. Alex Ampaabeng, has indicated that the government is reviewing some tax handles to improve Ghana's...

Total value of mobile money transactions for half-year 2024 hits GH¢1.234trn

The total value of mobile money transactions for the first half of 2024 crossed the GH¢1.0 trillion mark to hit GH¢1.234 trillion, about 43.57%...

Ensure sustainability of Atlantic Lithium operations – Deputy Lands Minister to stakeholders

The Deputy Minister for Lands and Natural Resources responsible for Mines, George Mireku Duker has called on all mining stakeholders and traditional authorities to...

Finance Minister to grace inaugural National Sales Leaders Conference in Accra

The Minister of Finance, Dr. Mohammed Amin Adam, will grace the inaugural National Sales Leaders Conference (NSLC) as the special guest of honour on...

Rising oil import costs put depreciation pressure on cedi; dollar now at GH¢15.88

After a stable performance the previous week, the Ghanaian cedi faced losses last week due to renewed corporate demand pressures. The local currency declined by...

Parliament passes Shippers’ Authority Bill into Law

Parliament has passed the Ghana Shippers' Authority Bill, 2024, into law on Monday, July 29 following its successful 3rd reading on the floor of...

AU endorses Akufo-Addo’s proposal for increased mobile money interoperability across Africa

The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa. The proposal, considered a crucial step toward...

IMF, Ethiopia reach deal for $3.4 billion in financing

Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday. Ethiopia's central...

Ghana ordered to pay GH¢95m judgment debt to West Blue contract termination – GRA boss reveals

The government is preparing to settle a GH¢95 million judgment debt to IT consultancy firm, West Blue Consulting, following the termination of its contract. This...

Cedi volatility, utility tariffs, and fuel price hikes are risks to inflation

Recent exchange rate pressures, upward adjustments in utility tariffs, and increases in fuel prices have posed risks to inflation that remain slightly tilted to...

Alberta Nana Akyaa Akosa named South America’s Rally Mulheres do Agro Ambassador

Agribusiness advocate, intervener, initiator, and Founder of the Agrihouse Foundation, Alberta Nana Akyaa Akosa, has been honored as the first-ever African South America's Rally...

Exorbitant charges on imported goods to blame for bribery at borders – GUTA President

The President of the Ghana Union of Traders' Associations (GUTA), Joseph Obeng, is calling for a downward review of taxes on imported goods as...

Finance Committee to recommend approval of $250m loan

The Finance Committee is set to propose to Parliament the approval of a $250 million loan designed to strengthen the financial sector. Committee Chairman Patrick...

UCS Facility MD honoured at National Governance and Business Leadership Awards

The Managing Director (MD) of UCS Facility Management Ghana Limited, Yaa Dansowaa Ampofo, has been recognised as the Exemplary Business Leader of the Year...

Banking industry’s NPLs surged to 24.1% in June 2024

The banking industry’s Non-Performing Loans (NPLs) ratio surged to 24.1% in June 2024, up from 18.7 percent in June 2023. According to the Bank of...

MoMo transactions drop in June despite increase in account registrations

The Bank of Ghana (BoG) has reported a notable decline in mobile money (MoMo) indicators for June 2024. According to data from the central bank,...

Ghana Business and Corporate Awards 2024: Nominations now open

The Ghana Business and Corporate Awards 2024 has officially opened its doors for nominations! This prestigious awards scheme, with the theme "Celebrating The Achievements Of...

Taxes straining Ghanaians, COVID-19 levy should be scrapped – Franklin Cudjoe

Founder and President of IMANI Africa, Franklin Cudjoe, has criticized the government for retaining the COVID-19 levy despite strong calls from the business community...