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‘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) 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...

Ghana has the cleanest fuel in the sub-region – NPA Boss

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, says Ghana’s fuel specifications, which are set at Sulphur content of 50...

Bono Region: Close to 900,000 metric tonnes of cashew go waste

Madam Justina Owusu-Banahene, the Bono Regional Minister, has appealed to Ghana’s development partners to assist in adding value to cashew fruits and nuts for...

Abena Amoah named on Bawumia’s Manifesto Committee not our MD – Ghana Stock Exchange

The Ghana Stock Exchange (GSE) has clarified the appointment of one Abena Amoah as co-chair of New Patriotic Party (NPP) flagbearer, Dr Mahamudu Bawumia's...

Tyler Perry halts $800m studio expansion after being shocked by AI video generator

Tyler Perry has paused an $800m (£630m) expansion of his Atlanta studio complex after the release of OpenAI’s video generator Sora and warned that...

Cocoa output for 2023/24 season drops by 40%, driving record-high prices

According to two sources from Ghana’s cocoa sector regulator, COCOBOD, the anticipated cocoa output for the 2023/24 season is likely to fall significantly short...

RightCard (LemFi) doubles down on Bank of Ghana approval with Nsano partnership

RightCard Payment Services Limited trading as LemFi, has received approval from the Bank of Ghana to partner Nsano Limited to deliver money transfer services...

Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso combined

Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise. It hits 23.5%, making it one...

It’s incorrect to say we’re playing soft with Sentuo Oil Refinery – NPA replies IES, COPEC

The National Petroleum Authority (NPA) has described as incorrect statements by the Institute of Energy Security (IES) and the Chamber for Petroleum Consumers (COPEC)...

KPMG to submit its audit report of GRA/SML contract today

KPMG is set to deliver its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) to...

Onion Sellers Association allays fears of price hikes

The Onion Sellers Association of Ghana has allayed concerns about a rise in onion prices because of Niger’s withdrawal from the Economic Community of...

Government works to host all data centres locally

The government is working to ensure all its external data in other countries is hosted locally in Ghana. This is to reduce cost of operations...

Sub-standard fuel: NPA suspends license of Sentuo Oil Refinery for sale of inferior products

The National Petroleum Authority (NPA) has suspended the approval given to Chinese company, Sentuo Oil Refinery to sell some finished petroleum products on the...

COCOBOD’s ¢2 billion loss in 2021 attributed to price decline on international market

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, says the GH¢2 billion loss to the Board in 2021 was...

Govt generated GH¢1.19 billion from E-levy in 2023 – John Kumah

The Deputy Minister of Finance, Dr. John Kumah, has revealed that government got GH¢1.19 billion in revenue from the E-levy in 2023. Addressing concerns over...

BoG, DBG sign MoU to commission study on “Innovative Financing for MSMEs in Ghana”

The Bank of Ghana has signed a Memorandum of Understanding (MoU) with the Development Bank Ghana (DBG) to commission a study on “Innovative Financing...