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Rethink fiscal policy measures to ensure sustainability, reduce shocks – IMF to Ghana, others

The International Monetary Fund is advising African countries including Ghana to rethink their fiscal policy following repeated external and domestic shocks from rising debt...

Govt earmarks funds for financial sector cleanup – Minister assures

The Minister of State-designate at the Ministry of Finance, Abena Osei Asare, has said government has earmarked money to pay customers and asset managers...

Anti-LGBTQ+ Bill: Finance Ministry’s memo not advice for Akufo-Addo – Abena Osei-Asare

Minister of State-designate for Finance, Abena Osei-Asare says that the widely circulated document on the cost of signing the anti-LGBTQ+ bill was not advice...

COCOBOD fears climate change will negatively affect cocoa production target

Ghana Cocoa Board fears the current weather conditions as a result of climate change may negatively affect the country’s cocoa production target of nearly...

Trade Minister orders uniform cement prices across country

The Minister of Trade and Industry, K. T. Hammond, has directed the newly constituted Cement Manufacturing Development Committee to ensure uniformity in cement prices...

Cedi depreciation to blame for surge in fuel prices – COPEC

The Chamber of Petroleum Consumers (COPEC) has cautioned that fuel prices will continue to surge in the coming weeks if the depreciation of the...

Afenyo-Markin justifies $449m tax waiver request for 1D1F businesses

Majority Leader Alexander Afenyo-Markin has refuted claims made by the Minority regarding the government's tax waiver requests for businesses under the One District One...

Sammi Awuku elected Vice President of African Lotteries Association

In a significant development for the African Lotteries Association (ALA), Samuel Awuku, the Director-General of the National Lottery Authority (NLA) of Ghana, has been...

Climatic conditions lead to historic cocoa price spike

Climatic conditions are contributing to a poor cocoa crop which has shot up cocoa prices to previously unseen levels. Cocoa prices have reached over $7,300...

PFJ Phase 2: Agric Ministry to begin registration of farmers today

The Ministry of Food and Agriculture (MoFA) is set to launch a nationwide registration of farmers on Tuesday, March 12, as part of the...

Cedi regains some stability against dollar; one dollar going for GH¢13.10

The Ghana cedi regained some stability against the US dollar last week, preserving its year-to-date loss of about 6.35%. After a difficult period in the...

GSE is 6th best performing stock market in Africa

The Ghana Stock Exchange (GSE) is the 6th best-performing stock market in Africa so far this year. The GSE Composite Index continued its positive run at...

Inflation to decline between 13-17% by December 2024 – BoG

The Bank of Ghana is forecasting a further decline in headline inflation to between 13 – 17% by the end of 2024, before gradually...

Minority accuses BoG of illegally writing off GH¢48bn gov’t debt

The Minority in Parliament has accused the Bank of Ghana (BoG) management of illegal activities related to the write-off of around GH¢48 billion in...

BIC relocates pen production to Ivory Coast – Minority Leader claims

The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has revealed that BIC, a renowned pen manufacturer, has moved its production operations to Ivory...

President of Malta, HE Dr George Vella pays a working visit to NLA

The President of Malta, H.E Dr George Vella and the First Lady of Malta, Mrs. Mary-Anne Vella, on Friday, 8th March 2024, paid a...

Unilever Ghana has relocated its tea production to Nigeria due to current mess – Ato Forson

The Minority Leader in Parliament, Dr Cassiel Ato Forson, has revealed that Unilever Ghana has decided to move its tea production operations to Nigeria,...

Ghana ranked 10th in Africa with most affordable fuel prices

A report by GlobalPetrolPrices.com ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024. On the global scale, Ghana sits comfortably...

Banks wrote-off GH¢4.33bn as bad debt in 2023

Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. The bad debt was classified as...

GhIE to hold 54th AGM and Conference in Accra

The Ghana Institution of Engineering (GhIE) will hold its 2024 Engineering Conference and Annual General Meeting (AGM) from March 18, 2024 to March 23,...

John Kumah was a gem and an affable gentleman – AGI Boss

The Association of Ghana Industries (AGI) has expressed profound sorrow over the passing of Deputy Finance Minister, John Kumah, viewing it as a significant...

BoG projects further easing in overall stance on corporate loans

The Bank of Ghana is projecting a further easing in the overall stance on corporate loans in the first two months of 2024, driven...

Empowering Ghana’s rural women and youth: Transforming agriculture for economic prosperity

The agricultural sector stands as a significant contributor to Africa’s economic development, impacting the livelihoods of approximately 60% of the continent's population. Within the...

Debt restructuring by Ghana, 3 others going on well, faster; but global outlook risks persist – IMF boss

The Managing Director of the International Monetary Fund (IMF) has expressed satisfaction with the pace of debt restructuring among the four countries including Ghana. According...

Prudential Life Ghana (PLIG) committed to helping communities succeed – CEO

March 2024 heralds the two-year mark of the appointment of Dr. Hazel Berrard Amuah as the CEO of PLIG. Appointed in March 2022, Dr....

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...