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Trade Minister engages cement manufacturers over rising prices         

The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have agreed to periodically hold consultative meetings with industry...

We expect gold output to exceed 4.5 million ounces in 2024 – Chamber of Mines

The Ghana Chamber of Mines has said that it expects gold production in 2024 to exceed 4.5 million ounces. According to the Chamber, despite the...

Cocoa Bills: Wake up to your responsibilities – Senyo Hosi to COCOBOD, government

Former Convener of Individual Bondholders Forum, Senyo Hosi, has taken a swipe at the Ghana Cocoa Board (COCOBOD) and the government over the non-payment...

Don’t share pictures of Ghana Card, other banking cards – Public warned

The Ghana Association of Banks (GAB) has warned the public not to take pictures of their Ghana Cards or any bank cards and share...

Kofi Adomakoh elected President of Ghana Association of Banks

The Managing Director of GCB Bank Pic, John Kofi Adomakoh, has been elected the new President of the Ghana Association of Banks (GAB). He assumes...

NCA outdoors 5-year strategic plan starting from 2024

The Communications Minister, Ursula Owusu-Ekuful, has launched the National Communications Authority (NCA) Five-Year Strategic Plan (2024-2028) at the NCA Tower on Tuesday, January 16,...

Credit card, romance fraud remain most prevalent cybercrime in Ghana – 2023 Fintech Report

Cyber fraud, such as credit card fraud, identity fraud, or romance fraud, remains the most prevalent form of cybercrime in Ghana, the 2023 Ghana...

Commercial transport fares to go up by 30% on this date

Commercial Transport Operators in Ghana have declared a 30 per cent increase in transportation fares nationwide, starting from Monday, January 22. The operators justified this...

Ghana’s economic programme beginning to bear fruit – IMF boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that Ghana's economic policies under its programme are beginning to yield...

Ghana will reengage international bondholders next week, says Finance Minister

Ghana will reengage with its international bondholders from next week, finance minister Ken Ofori-Atta told Reuters on Monday, as the country seeks to build...

IMF bailout: Political risk analyst optimistic about Ghana securing 2nd tranche

Economist and political risk analyst, Dr Theophilus Acheampong is optimistic about Ghana securing the second tranche of funds from the International Monetary Fund (IMF). The...

Ghana, Zambia to emerge from foreign-currency debt default in 2024 – Fitch

Rating agency, Fitch, expects Ghana and Zambia to emerge from default on their foreign-currency debt in 2024. In its Regional Sub-Saharan African Sovereigns Outlook...

Two GTPCWU executives interdicted over TOR-Torentco deal

https://youtu.be/zv70RI-WC40?t=980 Two executives of the General Transport Petroleum Chemical Workers Union (GTPCWU) have been interdicted over the controversial deal between the Tema Oil Refinery(TOR) and...

Diesel, LPG prices to go down – COPEC

The prices of diesel and Liquefied Petroleum Gas are expected to go down beginning tomorrow, January 16, 2023, the Chamber of Petroleum Consumers has...

Government to spend GH¢119.62bn on compensation and interest payments in 2024

The government will spend about GH¢119.621 billion on wages and salaries as well as interest payments in 2024. According to the 2024 Citizens Budget by...

GTPCWU threatens industrial strike

The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has announced its intention to embark on series of actions. This move comes in the...

AI to cut 40% of jobs globally – IMF

The International Monetary Fund (IMF) has stated in its new analysis that almost 40.0% of global employment is exposed to Artificial Intelligence. Historically, it said,...

We can’t wait to vote NPP out – Abossey Okai Spare Parts Dealers

Some Spare Parts Dealers in Abossey Okai are expressing dissatisfaction with the government, citing concerns about the adverse impact of newly implemented taxes on...

IMF reschedules board meeting on Ghana’s programme to January 19

The International Monetary Fund (IMF) has rescheduled its Executive Board meeting to review Ghana’s programme and approve some $600 million for the country to...

Power crisis: All plants are running at full capacity – Deputy Energy Minister

Deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that all power plants in Ghana are currently running at full capacity to ensure a stable...

Dangote Petroleum Refinery starts production

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel.   President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu...

I welcome debt treatment agreement between Ghana and OCC – IMF Boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the debt treatment agreement between Ghana and the Official Creditor Committee,...

Ginger, chilli farmers in Ahafo Region get relief

Ginger and chilli pepper are the two main commodities highly produced in the Ahafo Region, one of the smallest regions in the country. Several farmers,...

Govt commends bilateral creditors for reaching debt restructuring agreement

The government has commended Ghana’s bilateral creditors for reaching an agreement with the country to restructure $5.4 billion in loans. In a statement issued...

VAT on power consumption: From free electricity to taxing times

There is no free lunch indeed! In the unprecedented times of the COVID-19 pandemic, the Government of Ghana took a bold step to provide relief...

The changing face of Ghana’s tea landscape as ‘Koko’, other substitutes become expensive

Ghanaians are renowned for our love of eggs, often finding creative ways to incorporate them into our meals. Fufu and eggs have gradually become...

Ghana gets debt-relief terms, enough to unlock IMF $600m

Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse...

GRA boss breaks silence on claims of absconding from Ghana

The Commissioner General of the Ghana Revenue Authority, Dr. Ammishaddai Owusu-Amoah, has debunked allegations that he and his entire nuclear family have absconded Ghana...

TOR Board Chairman reacts to calls for his dismissal

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako has dismissed calls by the General Transport, Petroleum and Chemical Workers’ Union (GTPCWU)...

Ghana’s unemployment rate to remain at 4.0% in 2024, 2025 – Fitch Solutions

Ghana’ unemployment rate is expected to remain flat at 4.0% in 2024 and 2025, Fitch Solutions has stated in its Employment Outlook. This rate...

Global growth to slow to 2.4% in 2024 – World Bank

The 2024 World Bank Global Economic Prospects has revealed that, Global growth is expected to slow to 2.4%-the third consecutive year of deceleration. This reflects...

Timing for VAT introduction on electricity wrong – Energy expert

Energy expert, Kwadwo Nsafoah Poku has bemoaned government’s timing in introducing Value Added Tax (VAT) on electricity. His regret follows government's instruction to the Ghana...

IMF ‘optimistic’ Ghana will reach official creditor debt deal soon

The International Monetary Fund (IMF) said on Tuesday it was "optimistic" that Ghana and its official bilateral creditors would reach a debt restructuring deal...

Ghosts don’t have fingerprints – Bawumia justifies linkage of payrolls to Ghana Cards

Vice President, Dr. Mahamudu Bawumia has emphasized the significance of requiring new public sector employees and staff to undergo a biometric identification process. According to...

GTPCWU calls for removal of TOR board members

The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has called for the immediate removal of three members of the Tema...

Inflation: 2023 ends with 23.2%, ‘gorbɛ’ and 19 other products record rates above 40%

The latest data released by the Ghana Statistical Service indicates that, the inflation rate for December 2023 stood at 23.2%. This figure reveals a decrease...

Cedi’s performance remained unchanged to dollar in first week of 2024; one dollar equals ¢12.20

The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market. The same story emerged on...

There’ll be fiscal slippages ahead of election 2024 – Prof Bokpin

Economics and Finance lecturer at the University of Ghana Business School (UGBS), Professor Godfred Alufar Bokpin, has predicted potential fiscal spillages as Ghana gears...

GPRTU to increase transport fares by 60%

The Ghana Private Road Transport Union (GPRTU) has reiterated its decision to enforce a 60 percent increase in transport fares this year. This is to...

Government to borrow GH¢12.7bn via T-bills in January 2024

The government is seeking to borrow GH¢12.7 billion via treasury bills in January 2024, to finance maturing bills. This is 1.2% lower than that of...