Banks prefer less risky assets; share of investments in total assets increased to 36.4% in 2023 – BoG
The share of banks investments comprising bills, securities, and equity in total assets increased to 36.4% in 2023 from 32.0% in 2022, according to...
Long queues at fuel pumps as petrol shortage hits Drobo [Photos]
Several fuel stations at Drobo in the Jaman South Municipality of the Bono region have recorded long queues due to the shortage of petrol.Some...
Ghana begins salt production on large scale
Ghana is set to commence salt production on a large scale, President Nana Addo Dankwa Akufo-Addo has announced.In his 67th Independence Day celebration address...
Passing anti LGBTQ+ law is not part of World Bank, IMF conditions for financial aid – Prof. Gatsi
Economist, and Dean of the University of Cape Coast (UCC) Business School, Prof John Gatsi has argued that the Bretton Woods institutions cannot penalize...
Total number of jobs advertised up by 3.2% – BoG
The total number of advertised jobs in print and online media went up marginally by 3.2% in 2023 to 33,629, the Bank of Ghana...
Our comment on Anti-LGBTQ bill will follow an economic, financial implication assessment – IMF
The International Monetary Fund (IMF) says it will comment on the passage of the Proper Human Sexual Rights and Ghanaian Family Values Bill by...
Cedi depreciates almost 6% to dollar since January 1, 2024; one dollar equals GH¢13.05
The Ghana cedi shed 1.73% in value to the US dollar last week to take its year-to-date loss to 5.88%.It also lost 2.76% against...
Bond market: Turnover rebounds by 19.01% week-on-week to GH¢205.18m
The total volume exchanged on the secondary bond market for Government of Ghana bonds rebounded by 19.01% week-on-week.This reflected a market turnover of GH¢205.18...
Maize sellers in Sissala stranded, unable to find market
Maize sellers in the Sissala area of the Upper West Region are crying for buyers of their produce weeks after harvest, with all known...
BoG suspends GT Bank and FBN Bank Forex Trading Licenses
The Bank of Ghana(BoG) has suspended the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN),...
Transport fares to go up by 30% effective March 7
The Transport Operators Union and the Concerned Drivers Association of Ghana have announced a 30 percent increase in transport fares effective March 7, 2024.In...
A breakdown of the financial implications of the Anti-LGBTQ Bill
The Ministry of Finance has revealed that Ghana stands to forfeit approximately US$3.8 billion in World Bank financing over the forthcoming five to six...
Ghana’s telecom market: NCA to regulate tariff charges
Ghana's telecom industry is set for a shakeup as the National Communications Authority (NCA) prepares to regulate how often Mobile Network Operators can adjust...
T-bills auction: Interest rates fall for 9th consecutive week to 26.9%; government records 19% oversubscription
Interest rates fell for the 9th consecutive week running in line with analysts’ forecasts.According to the auction results by the Bank of Ghana, the 91-day...
World Bank warns Ghana of funding cuts over Anti-LGBTQI+ Bill
The World Bank is threatening to cancel loans earmarked in Ghana over the passing of the controversial Anti-LGBTQI+ Bill, known formally as the Human...
‘Dumsor’ cannot be attributed to maintenance work – Justice Yaotse
Policy Lead of Petroleum and Conventional Energy, Justice Yaotse is challenging claims by the Managing Director of the Electricity Company of Ghana (ECG), Samuel...
Petrol, diesel, LPG prices to go up marginally – IES
Barring any intervention, consumers should expect further marginal increases in the price of petrol, diesel and Liquefied Petroleum Gas (LPG) in the coming days,...
Interest rate reduction should be linked to improved economy – John Awuah
The Chief Executive of the Ghana Association of Banks (GAB), John Awuah, has said that there must a direct link between reduction in interest...
BoG’s balance revision, transaction limits of MoMo wallets upwards takes effect today
The Bank of Ghana (BoG) has effective today, March 1, 2024, revised the balance and transaction limits of customers’ mobile money wallets upward. ...
500 women entrepreneurs to benefit from DBG’s GH₵1bn funding
The Development Bank Ghana (DBG) has emphasised its commitment to supporting the growth and development of women entrepreneurs in the country.The bank’s deputy...
Shoe, leather industry hampered by lack of skilled personnel: Horeseman shoes, GSDF trains youth
Challenges in accessing high quality raw materials, skilled labour and power supply are adversely impacting operations of the shoe and leather industry. Leading players...
1,450 gallons of illicit oil confiscated at CMB
The Anti-Smuggling Task Force on Wednesday February 28, 2024 continued their swoop on illicit vegetable oil imports, confiscating 1,450 gallons without proper documentation.Importers...
Cedi crosses $13 mark
The Ghana cedi crossed the $13 mark as the depreciation of the local currency continued on February 28, 2024.Most forex bureaus according to checks...
BoG’s 1% rate cut is a big joke – Togbe Afede XIV
The Bank of Ghana Monetary Policy Committee (MPC)Â on Monday, January 29, 2024 announced a cut in the key policy rate of 100 basis points,...
Over 10,000 gallons of smuggled cooking oil seized [Photos]
A joint task force led by the Tree Crop Development Authority has begun sanitising markets by seizing smuggled cooking oil.On Tuesday, February...
See the list of companies that were paid judgement debts by gov’t between 2017-2022
Between 2017 and 2022, the government disbursed a total of GH¢300,385,317.52 in judgement debt.This is according to information released by the Ministry of Finance...
See the new Momo balance & transaction limits effective March 1
The Bank of Ghana (BoG) has recently announced an upward adjustment of balance and transaction limits for customers' mobile money wallets, scheduled to take...
We are no longer going to celebrate GDP growth – Prof Bokpin
A Professor of Finance at the University of Ghana Business School, Godfred Bokpin, has challenged the conventional celebration of Gross Domestic Product (GDP) growth.According to...
Cedi inches closer to GH¢13 to a dollar as depreciation continues unabated
The Ghana cedi is inching closer to GH¢13.00 to one US dollar barely two months into 2024 as the depreciation of the local currency...
Ghana to prohibit export of bauxite in raw state – Prez Akufo-Addo
The government will soon present a Legislative Instrument before Parliament to prohibit the export of bauxite in its raw state, President Akufo-Addo announced.This move...
BoG revises balance, transaction limits of MoMo wallets upwards
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024.A statement...
SONA 2024: GH¢5.8bn paid to bondholders – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has revealed that the government has fulfilled its financial pledges by clearing the final coupons owed to domestic bondholders.In...
SONA 2024: Good news for cocoa farmers
President Akufo-Addo has reaffirmed his commitment to supporting cocoa farmers in the upcoming season.During his State of the Nation address on Tuesday, February...
SONA 2024: Ofori-Atta’s removal won’t affect IMF deal – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said the recent changes at the Ministry of Finance will not affect agreements made with the International Monetary...
Enterprise Insurance holds Centennial Thanksgiving Service
Enterprise Insurance Ltd, Ghana’s oldest and leading private insurer in Fire, Marine, Motor and General Accident as part of its centenary celebrations held its...
Cedi depreciates 4.44% to dollar since January 1, 2024
The Ghana cedi has lost about 4.44% in value to the US dollar since the beginning of the year.Last week, the local currency weakened...
Gov’t to introduce Fintech Innovation Fund – Bawumia
The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana's digital revolution.Vice President Mahamudu Bawumia announced this...
SML doing world-class monitoring for Ghana; ignore the propaganda – Atta Akyea to Ghanaians
Chairman of Parliament's Mines and Energy Committee, Samuel Atta Akyea has rejected allegations suggesting that Ghanaians were cheated in the GRA-SML contract, labeling them...
COPEC, IES demand transparency from NPA regarding sanctions on Sentuo Oil Refinery
The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have urged the National Petroleum Authority (NPA) to disclose the sanctions...
T-bills auction: Interest rates fall for 8th week running; government raises GH¢6.26bn
Interest rates eased for the 8th week running on the treasury market but marginally.Indeed, the yields on the treasury bills continued to ease in line...