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Takoradi traders lament low sales ahead of Easter 

Traders in the Takoradi Central Business District (CBD) have lamented over the low patronage of their goods and services ahead of this year’s Easter...

Energy transition threatens survival of GNPC – PIAC warns

The Public Interest and Accountability Committee (PIAC) is warning about the threat the energy transition poses to the survival of National Oil Companies (NOCs)...

BoG appoints Dr. Joseph France as advisor for management of UMB

The Bank of Ghana has appointed, Dr. Joseph O. France, as an Advisor to advise the management of Universal Merchant Bank LTD (UMB), effective...

Weather conditions affecting Ghana’s cocoa production – Fiifi Boafo

The Public Affairs Manager of COCOBOD, Fiifi Boafo, has attributed the decrease in production of cocoa beans to adverse weather conditions. According to him, heavy...

Ghana spends GH¢11 billion to import oil

Coordinator for the Anti-Smuggling Taskforce on Vegetable Oil Import, Dr. Paul Amaning has revealed that, Ghana spends GH¢11 billion annually to import oil. This, he...

Disbursement of $1.2bn from partners will mitigate Cedi depreciation – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has stated that the anticipated $1.2 billion from development partners will bolster the local currency against major trading...

Zen Petroleum opens 50th fuel retail station

ZEN Petroleum, a wholly owned Ghanaian Oil Marketing Company (OMC), has opened its 50th fuel retail station in Ghana. Customers who visit any of ZEN’s...

We’re not school boys – Protestors tell Finance Ministry after ‘no show’

Protestors who were seeking audience with the Finance Ministry for the release of their locked-up funds but denied access have expressed their disappointment. ...

Anti-smuggling taskforce warns gov’t

A taskforce embarking on exercises to crack down on smuggled vegetable oil on the Ghanaian market has cautioned the government to abort any plans...

New twist to GRA boss’ dismissal

Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr Amisshaddai Owusu Amoah has not been sacked by President Akufo-Addo, contrary to earlier reports....

ECG inspects distribution transformers to help sustain power

The Electricity Company of Ghana (ECG) has started an exercise to check on various power transformers across the country to identify and fix faults...

Bawumia was right, GRA is killing businesses – TAGG

The Traders Advocacy Group Ghana (TAGG) has backed Vice President, Dr. Mahamudu Bawumia's remarks on the operations of the Ghana Revenue Authority (GRA). According to...

$300m World Bank facility hits BoG’s account

The $300 million World Bank facility to support some projects in 2024 has finally hit the Bank of Ghana’s (BoG) account. This was after Ghana...

Finance Minister warns against deviation from revised cash waterfall mechanism by ECG

Finance Minister, Dr Mohammed Amin Adam has warned that any deviation from implementing the revised Cash Waterfall Mechanism could make the energy sector crisis...

Ghana Revenue Authority Board dissolved

President Akufo-Addo has dissolved the Board of the Ghana Revenue Authority (GRA). According to available information, the Commissioner General of the GRA who is also...

50% of African business leaders unaware of Pan African Payment and Settlement System – Report

The Future of Trade Report has revealed that about 50% of businesses in Africa are unaware of the Pan African Payment and Settlement System...

Locked-up Investment Holders protest to demand payment of fund

Members of the Locked-up Investment Holders Forum on Wednesday March 27 protest to demand payment of their funds. The group a year ago, began...

Alan Kyerematen to reduce food inflation if elected President

Founder and Leader of Movement for Change, Alan Kwadwo Kyerematen has outlined his plan to tackle food inflation should he be elected as President...

Banks appetite for T-bills to drop; Loan book to expand – Report

Banks' appetite for treasury bills in favour of lending is expected to drop following the increase in the Cash Reserve Ratio (CRR) of banks. The...

Locked-up Investment Holders hit the street [Video+Photos]

Members of the Locked-up Investment Holders Forum, have hit the streets of Accra again. The protest is to put pressure on Bank of Ghana to...

NIC is committed to aggressive education to boost insurance coverage – Ag Commissioner

The National Insurance Commission has expressed commitment to undertake aggressive regular education to boost insurance coverage in Ghana. The move is to ensure that many...

IMF to begin Second Review of Ghana’s programme on April 2

The second Review of Ghana’s three-year, $3bn IMF-Supported Post Covid-19 Programme for Economic Growth (PC-PEG) to be conducted by the IMF Staff has been...

Locked-up Investment Holders Forum to protest today

The Locked-up Investment Holders Forum will today March 27, 2024, embark on a protest against the Bank of Ghana (BoG). Their action is to impress...

Approval of IMF second review will trigger release of third tranche of $360m – Finance Minister

The Finance Minister, Mohammed Amin Adam says that the second review of the three-year $3 billion International Monetary Fund (IMF) programme will be conducted...

Cocoa is more expensive than copper as it tops $9,000

Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever —...

GPHA refutes claims Ghana is losing cargo to neighboring countries

The Director General of the Ghana Ports and Harbours Authority (GPHA), Michael Luguji, is challenging the business community to provide any data to back...

Finance Minister charges GRA Customs to reduce leakages

The Minister of Finance, Dr Mohammed Amin Adam, has charged the Customs Division of the Ghana Revenue Authority (GRA) to put in more efforts...

We are not responsible for high port charges – GPHA

The Ghana Ports and Harbours Authority (GPHA) has rejected the accusations for the reported high port charges at the ports. According to its Director General,...

Revenue mobilisation is my topmost priority – Finance Minister

The Minister of Finance, Dr. Mohammed Amin Adam, has declared revenue mobilisation as his topmost priority for the running of the state.  According to...

2024 polls: We’ll control our expenditure – Abena Osei-Asare

The Minister of State-designate for the Finance Ministry, Abena Osei-Asare, has affirmed the government's unwavering dedication to preventing revenue losses as the nation prepares...

Economic activity pickup in January 2024 – BoG

The Bank of Ghana’s high-frequency real sector indicators pointed to a continued pickup in economic activity in the first month of 2024. According to the...

More than half of 23 banks fully recapitalized – BoG

More than half of the 23 banks in Ghana have fully capitalized, the Governor of the Bank of Ghana, Dr. Ernest Addison, has disclosed. According...

Analysis: Cedi to struggle against US dollar as demand pressures heighten

As the Bank of Ghana prepares to auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2024, ongoing dollar...

GCB, Absa, OmniBSIC offer cheapest loans to households, SMEs and corporates – BoG

GCB Bank offered the cheapest loans to household consumers, the latest Annualized Percentage Rates by the Bank of Ghana has revealed. It offered a rate...

Total mobile money transactions hit record GH¢394.2bn in two months of 2024

The total value of mobile money transactions for the first two months of 2024 stood at a record GH¢394.2 billion. This is compared with GH¢264.1...

T-bills auction: Interest rates plummet to 25.99%, government exceeds target by 41%

Interest rates tumbled for the 12th consecutive week in 2024 in line with most analysts forecasts. According to results of treasury bills (T-bills) auction by the...

Sentuo Oil Refinery affirms commitment to touch lives through CRS

One of Ghana’s biggest Oil Refineries, Sentuo Oil Refinery is not only creating employment opportunities in Ghana, but is determined to touch the lives...

GRA staff replies Bawumia

The Organized Labour of the Ghana Revenue Authority(GRA) Workers’ Union has condemned Vice President Dr Mahamudu Bawumia over his alleged harassment during tax collection....

Internet interruption: We’re working to reimburse wrongful E-Levy deduction – GRA

The Ghana Revenue Authority (GRA) says it is working to reimburse wrongful Electronic Transfers Levy (E-Levy) deductions during the internet disruption. GRA in a...

Ghana ended 2023 with GH₵610bn public debt; a 27% increase

Ghana’s public debt increased to GH₵610 billion as at December 2023. Comparatively, this is a 26. 85 percent rise from the GH₵446.3 billion recorded...