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Cedi depreciates 25.8% to dollar since January 2023 – BoG

The Ghana cedi has lost about 25.8% in value against the US dollar as of November 2023, the Bank of Ghana has disclosed. According to...

Attorney General speaks on TOR-Torentco partnership deal

The Office of the Attorney General and Ministry of Justice has said it cannot vouch for the credibility of Torentco Asset Management Limited (TAML)...

We are not engaged in a dubious deal – TOR management

The management of the Tema Oil Refinery (TOR) has debunked claims of engaging in a murky proposed partnership agreement with the Tema Energy and...

Focusing on existing tax payers a ‘lazy approach’ – Bawumia criticises GRA

Vice President, Dr. Mahamudu Bawumia has urged the Ghana Revenue Authority (GRA) to utilize the linkage between the Ghana Card and Tax Identification Number...

Ghana to receive €145.9m German support

Germany has proposed to support Ghana with 145.9 million euros on technical and financial co-operation on three critical areas of the economy. The areas are...

Torentco-TOR deal shady, OSP will unravel a lot if probed – Petroleum Workers Union

The General Transport, Petroleum, and Chemical Workers Union of the Trades Union Congress (TUC) Ghana has insisted that the lease agreement between the Tema...

Reduce e-levy, introduce 0.5% charge on cashouts – Telecos Chamber to govt

The Ghana Chamber of Telecommunications (GCT) has called on the government to lower the Electronic Transfer Levy (E-levy) from 1% to 0.5% and impose...

Over 90 million people connected through Huawei, ITU’s Partner2Connect Digital Coalition

Leading ICT Company, Huawei has announced it has already brought connectivity to 90 million people in remote regions in nearly 80 countries following its pledge...

AfricaCom: MTN South Africa, Huawei bag ‘sustainability champion’ award

MTN South Africa and Huawei has been adjudged the “Sustainability Champion of the Year” at the 2023 AfricaCom Awards. The award is in recognition...

Telecom firms paid ¢6.07bn as taxes to government in 2022

The telecommunication industry paid a total of ¢6.07 billion as taxes to the government and allied agencies in 2022, the 2022 Mobile Industry Transparency...

We won’t stop oil exploitation – Energy Minister

The country has only started the exploitation of its petroleum resources and cannot sacrifice it midstream on the altar of energy transition, the Minister...

Gov’t pushing for law to ban import of ‘yemuadie’, rice, others without committee approval

The government is pushing to establish a regulation that will restrict the importation of what they call strategic products. This development is set to take...

Electroland Ghana launches UNICOOL air conditioners

Electroland Ghana Limited (EGL), largest distributor of Samsung, Midea and other brands of household appliances in the country, has introduced a revolutionary inverter air...

GRA commends Damongo sector Commander

The Damongo Collection point of the Ghana Revenue Authority (GRA) of the Custom and Excise Division in the Savannah Region, has for a second...

OSP orders TOR to suspend proposed deal with Tema Energy Limited

The Office of the Special Prosecutor (OSP) has ordered management of the Tema Oil Refinery (TOR) to suspend its proposed partnership with Tema Energy...

1D1F needs thorough investigation – Prof Gatsi

The Dean of the School of Business of the University of Cape Coast (UCC), Professor John Gatsi, has called for a ‘proper investigation into and...

Ghana has a huge food market for investment- Fairtrade boss

Managing Director of Fairtrade, Pau Marz, has noted that, with almost 40 million population, Ghana has a huge food market for Investment. He added that,...

See Ghana’s top 10 food imports and exports

The recently released Ghana 2023 mid-year Trade Report by the Ghana Statistical Service delves into the intricate landscape of the country's food product trade,...

Producer Price Inflation falls to 9.6%

The Producer Price Index (PPI) for October 2023 fell to 9.6%, data from the Ghana Statistical Service has revealed. This represents a 15.5 percentage point...

Cedi depreciation slowed down last week; one dollar equals ¢12.18

The Ghana cedi would remain relatively stable this week, following the recent approval of the $800 million cocoa syndication loan by Parliament, and the...

Cement factories shut down by GSA sign undertaking

The head of the Ghana Standard Authority (GSA), Professor Alex Dodoo, has revealed that the three cement manufacturing companies that were recently closed down...

Zeepay Ghana fined, forex license suspended temporarily

The Bank of Ghana (BOG) has temporarily suspended and fined Zeepay Ghana Limited for a clause breach. The Central Bank in a notice on Monday,...

GUTA clashes with foreign traders in Koforidua

Chaos erupted at Koforidua in the Eastern region between members of the Ghana Union of Traders Association (GUTA) and foreign retailers, predominantly Nigerians. The...

Gov’t to ban importation of 22 items including rice, ‘yemuadie’

The government through the Trade Ministry is set to lay before Parliament a Constitutional Instrument (C.I) seeking to restrict the importation of some selected...

IET bemoans influx of substandard cement on Ghanaian market

The Institution of Engineering and Technology-Ghana (IET) has expressed concerns about a cartel compromising the quality of cement on the Ghanaian market. Highlighting the gravity of...

Budget 2024: What’s in for the betting and gaming industry?

In 2024, the Government of Ghana is hoping to generate some GH¢176.4 billion cedis in revenue and grants of which about 81% is expected...

Ghana’s Debt Restructuring: What you need to know

Finance Minister, Ken Ofori-Atta, during the presentation of the 2024 budget statement described the Domestic Debt Exchange Programme as done and dusted. According to...

Market women understand economics better than politicians – Economist

An economist, Dr Theo Acheampong has said a GH¢1 trillion Gross Domestic Product (GDP) is meaningless in economics. This comes after the Finance Minister, Ken Ofori-Atta told Parliament that Ghana’s...

Japan Motors starts local assembly of Foton trucks, buses

Japan Motors Trading Company Ltd (JMTC), the sole distributor of the Foton range of vehicles, has started the assembling of two Foton vehicles in...

Do more to improve business environment – US Ambassador to gov’t

The US Ambassador to Ghana, Virginia Palmer, wants the government to do more to improve the business environment in Ghana. Speaking at the...

Mahama Ayariga sues Finance Minister

Member of Parliament(MP) for Bawku South constituency, Mahama Ayariga, has filed a suit against the Finance Minister, Ken Ofori-Atta at the Supreme Court. The suit...

YEA to employ 20,000 artisans

The Youth Employment Agency (YEA) has opened its portal to enroll Ghanaian youth under its Artisanal Trades and Vocation Module to create a minimum...

Ghana to record average inflation of 18% by end of 2024 – EIU

Ghana will record an average inflation of about 18.0% by the end of 2024, The Economist Intelligence Unit (EIU) has projected. This will be a...

Mahama announces juicy package for companies under 24-hour economy policy

Flagbearer of the National Democratic Congress, John Mahama says tax incentive will be granted businesses who sign up for the 24 economy policy. The proposal...

Gov’t killing local poultry industry to benefit financiers – Mahama

Flagbearer of the National Democratic Congress (NDC), John Mahama, says the previous government's policy to reduce poultry importation was abandoned by the Akufo-Addo-led administration. He...

Bono East Regional Coordinating Council partners Dangote Group to build sugar factory

The Bono East Regional Coordinating Council (BERCC) has entered into a strategic partnership with the Dangote Group to establish a state-of-the-art sugar factory with...

Economy to reach gradual path to recovery in 2024 – Fitch Solutions

Fitch Solutions has reiterated that Ghana’s economy will reach the gradual path to recovery in 2024. However, growth will remain below its pre-pandemic average of...

Some OMCs reduce fuel prices; Petrol selling for ₵12.80, Diesel at ₵13.30 a litre

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today November 17, 2023. TotalEnergies Ghana is selling a...

2024 budget: Economist schools Ken Ofori-Atta

An economist, Dr Theo Acheampong has said a GH¢1 trillion economy means nothing when inflation is still in excess of 30 percent. This comes after the Finance...

Ensure that NIB is recapitalized – Government told

The Dean of the University of Cape Coast Business School, Professor John Gatsi has urged government to ensure that the National Investment Bank (NIB) is recapitalized as was stated in...