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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...

SML contract shoots GRA’s revenue in petroleum downstream to over GH¢12bn

Details emerging from the contract between Strategic Mobilisation Ghana Limited (SML) and the Ghana Revenue Authority (GRA) have revealed positive outcomes for the country's...

COPEC and IES demand shut down of Sentuo Refinery, probe by OSP

The Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) have called on the National Petroleum Authority (NPA) as a matter...

ECL Lab Services hosts python training for university students

Enterprise Computing Ltd's (ECL) Lab Services has reaffirmed its commitment to nurturing the next generation of tech talent with the successful completion of a...

Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%

The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher...

9 in 10 working Ghanaians dissatisfied with their financial situation – Old Mutual 2023 Report

A recent study conducted by Old Mutual has revealed a concerning trend in Ghana's financial landscape: a significant portion of working Ghanaians are not...

COCOBOD loses over 150 thousand metric tonnes of cocoa to smuggling

Ghana Cocoa Board has revealed to Parliament’s Public Accounts Committee that the company has lost over 150 thousand metric tonnes of cocoa beans to...

28 developing countries including Ghana remain stuck in debt trap – World Bank

The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap...

I will soon visit ports to weed out corrupt activities – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has hinted at visiting some ports nationwide soon to weed out corrupt activities. This comes after several reports of...

Cedi loses 3.66% to dollar since January 1; one dollar equals GH¢12.75

The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week...

We will be in a dire situation if we fail to meet some tax obligations – Dr. Amin Adam

Finance Minister Dr. Mohammed Amin Adam has revealed that Ghana would be in a dire situation if it fails to meet some tax obligations...

Let’s work together to achieve 2024 revenue target – Amin Adam charges GRA

The newly appointed Finance Minister, Dr Mohammed Amin Adam, has urged the Ghana Revenue Authority (GRA) to put in place a strategic roadmap to...

Amin Adam interacts with the Ministry of Finance staff

On Monday, February 19, 2024, Finance Minister-designate, Mohammed Amin Adam assumed office and interacted with the staff of the ministry. Amin Adam was among the...

Ghana to expand cocoa rehabilitation with $200m World Bank loan

Ghana’s COCOBOD will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes...

I engaged in prudent financial management as Finance Minister – Ofori-Atta insists

Former Finance Minister, Ken Ofori-Atta says he committed himself to the prudent management of the strategic resource allocated to him during his tenure in...

T-bills auction: Interest rates fall to 27.89%; government records 23.64% oversubscription

Interest rates fell for the seventh consecutive week despite a marginal increase in the January 2024 inflation. According to the auction results by the Bank...

Atlantic Lithium pledges responsible and sustainable mining practices at Ewoyaa

Atlantic Lithium Limited has committed itself to responsible and sustainable mining practices ahead of Ghana's first lithium production at Ewoyaa in the Central Region....

Together, we have weathered storms – Ken Ofori-Atta thanks MoF staff

Former Finance Minister Ken Ofori-Atta has appreciated the hard work of staff of the Ministry of Finance (MoF). According to him, their dedication to salvage...

Support Amin Adam to succeed – Ofori-Atta to Finance Ministry staff

Former Finance Minister Ken Ofori-Atta has expressed confidence in his successor, Dr. Mohammed Amin Adam, urging the Ministry of Finance staff to support him...

SML sues Fourth Estate, Manasseh Awuni

Strategic Mobilisation Ghana Limited (SML), the company accused of receiving a controversial 10-year contract from the Finance Ministry, has filed a lawsuit against the...

Whether to establish a bank or not – MTN Ghana CEO sets records straight

The outgoing Chief Executive of the MTN Ghana, Selorm Adadevoh, has insisted that the company does not have any immediate plan of establishing a...

Don’t blame Ofori-Atta for Ghana’s financial woes – Centre for Social Policy Studies Economist

A Development Economist and a Senior Research Fellow at the Centre for Social Policy Studies (CSPS) of University of Ghana, Dr. George Domfe, has...

Total value of secured loans fall 54% to GH¢5.9bn in quarter 4 – BoG

The total value of secured loans granted and registered by banks and Specialised Deposit-Taking Institutions (SDIs) in the 4th quarter of 2023 was GH¢5.9 billion. This...

IMF boss congratulates Dr. Amin Adam after appointment as Finance Minister

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has congratulated Dr. Mohammed Amin Adam after his appointment as Minister of Finance. A...

TOR Board Chairman, David Adomako resigns

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako, has resigned from the board. In a letter to the presidency, Mr. Adomako cited...

Ministerial reshuffle: Amin Adam can’t turn economy around in 9 months – Seth Terkper

A former Finance Minister, Seth Terkper has voiced doubts regarding Dr. Mohammed Amin Adam's appointment as Finance Minister by President Akufo-Addo. Mr Terkper expressed his...

Fuel prices to go up – COPEC

Indications are that the pump prices of petrol, diesel and LPG are likely to go up in the next Window beginning 16 February 2024. The...

15% tariff increase was needed to save our business – MTN Ghana CEO

The Chief Executive of MTN Ghana, Selorm Adadevoh, has justified the 15.0% increase in tariffs for all its products and services, insisting, it was...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

I’ll not depart from IMF programme – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF). He has assured...

Replacing Ofori-Atta with Amin Adam is too late – Joe Jackson

The Director of Business Operations at Dalex Finance, Joe Jackson believes it is too late for the President to replace Finance Minister Ken Ofori-Atta...

I’ll vigorously seek income mobilisation – Amin Adam

The newly appointed Finance Minister, Mohammed Amin Adam has said he will aggressively seek income mobilisation in order to strengthen the country's finances and...

Parliament to investigate delayed payments to Cocoa Road Contractors

The Speaker of Parliament, Alban Bagbin, has announced plans to establish a high-powered committee aimed at investigating the issue of outstanding payments to cocoa...

92% of women businesses in Ghana have never exported – OAWLI

A research data to be released as part of international women’s day, by Oxford Africa Women Leadership Institute (OAWLI), an Enterprise Support Organization, indicate,...

Valentine’s Day: Souvenir vendors lament low patronage

Valentine's Day holds a significant place for individuals and families to celebrate and reaffirm their affection, camaraderie, and admiration for each other. In Ghana,...

SSNIT targets to enrol 250,000 under SEED initiative by end of year

The Social Security and National Insurance Trust (SSNIT) is targeting to rope in 250 thousand informal sector players under the Self-Employed Enrolment Drive (SSNIT...