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High cost of borrowing to make it harder for govt’s to service debts – EIU

The Economist Intelligence Unit (EIU) is warning of a continuous high cost of borrowing, making it harder for governments including Ghana to issue and...

Ghana misses out on IMF’s Nov. 1 timeline for 2nd tranche as external debt restructuring talks drag

Ghana has missed out on the November 1 timeline set in the International Monetary Fund (IMF) programme to get a second tranche of the...

Jobberman to hold executive roundtable event to address low participation of young women in the tech sector

Jobberman Ghana is set to hold an executive round table event on the theme “Diversity & Inclusion: Empowering Young Women in Tech for Career...

Businessman blames skewed reward system for Ghana’s manufacturing woes

Renowned businessman, Dr Anthony Oteng-Gyasi has laid bare the root cause of Ghana's stagnant manufacturing sector. According to Dr Oteng-Gyasi, the skewed reward system...

Ghana places 5th in Africa with highest offshore oil rig demand

Ghana is ranked 5th in Africa with the highest offshore oil rig demand, according to the 2024 State of African Energy by the African...

Task force to protect local producers launched

The Association of Ghana Industries (AGI) has joined forces with the Ghana Standards Authority (GSA) to establish a market surveillance task force to safeguard...

Govt not deliberately giving entities unfair advantages – Trade Minister

https://youtu.be/Lcyr5f2t2Vw The Deputy Minister of Trade and Industry, Dr Stephen Amoah, has highlighted the challenges the government has faced in its quest to create a...

IMF Board proposes 50% increase in quota allocated to members

The Executive Board of the International Monetary Fund (IMF) has proposed a 50% quota increase allocated to members, including Ghana, in proportion to their current quotas....

Be careful whom you guarantee loans for – BoG to consumers

The Bank of Ghana (BoG) is advising consumers to be wary of whom they guarantee loans for. According to the Central Bank, the guarantor...

Law that bars persons charged with criminal offence from serving as Directors of companies unconstitutional- Supreme Court 

The Supreme Court has declared as unconstitutional a provision in the new Company’s Act which bars a person charged with a criminal offence from...

Syndicated loan drag, Ghana borrows up to $200 million from cocoa traders to plug funding gap

Ghana's Cocobod is facing delays in securing its usual syndicated loans and has opted to borrow between $150 million to $200 million from cocoa...

Interest rates to remain high in most parts of 2024; China, Japan to keep money cheap – EIU

The Economist Intelligence Unit (EIU) is projecting high interest rates in most parts of 2024 across the globe with wider margins. In its Global Industry...

Government needs to get into survival mode – Ken Thompson

Chief Executive Officer of Dalex Finance, Ken Thompson, says it is about time government channels its expenditure into sectors that will improve the condition...

We are always ready to tame inflation – BoG

The Bank of Ghana (BoG) has indicated its readiness to respond appropriately to tame inflation should consumer prices go up in the coming months....

GUTA shuts down over 38 foreign retail shops

The Ghana Union of Traders Association (GUTA) in the Eastern region has executed an enforcement exercise to close more than 38 retail shops owned...

One million mobile money accounts were inactive after E-levy implementation in May 2022 – ISSER

About one million mobile money accounts were inactive after the implementation of the Electronic Transfer Levy in May 2022, a research by the Institute...

Embrace cylinder recirculation model – NPA boss to Ghanaians

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has urged the public to embrace the cylinder recirculation model (CRM) policy...

KPMG predicts doubling of Ghana’s growth rate in 2024

Auditing and Accounting firm, KPMG, is predicting a doubling of Ghana’s Gross Domestic Product (GDP) growth in 2024. The forecast, it said, is based...

Ghana to benefit from elevated gold prices in 2024 and 2025

Ghana would benefit from elevated gold prices in 2024 and 2025, Fitch Ratings has disclosed. According to the UK-based firm, gold prices will remain...

Mahama Ayariga petitions World Bank, IMF

Bawku Central Member of Parliament (MP) Mahama Ayariga, has petitioned the World Bank and the International Monetary Fund (IMF), not to extend any support...

Fitch predicts increase in BoG’s foreign reserves to $7.7bn in 2025

Ratings agency, Fitch, is predicting an increase in the Bank of Ghana’s foreign reserves to $7.7 billion in 2025, from $4.4 billion in 2022. This...

Govt on course to beat projected economic growth target – Ofori-Atta

Finance Minister Ken Ofori-Atta says the government is on course to achieve economic resilience and beat its projected economic growth target of 1.5 percent. Speaking...

Finance Ministry reacts to Electronic Cargo Transit number claims

The Ministry of Finance has disputed claims about a new tax policy where shippers will be required to obtain an Electronic Cargo Transit number. A...

Abossey Okai spare parts dealers call off planned strike 

The Abossey Okai Spare Parts Dealers Association has called off plans to embark on a sit-down strike against the Ghana Revenue Authority (GRA) over...

Nigerians spend $975m daily on online betting – NLTF

Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15...

Fitch upgrades Ghana’s rating to ‘CCC’ from Restrictive Default

Ratings agency, Fitch, has upgraded Ghana's Long-Term Local Currency Issuer Default Rating (IDR) to 'CCC' from 'RD'. The UK-based firm has also affirmed Ghana's Long-Term...

Another round of domestic debt restructuring unlikely – Fitch

Rating agency, Fitch, says another round of local-currency debt exchange is unlikely in the near term. In its latest assessment of Ghana where it...

World Bank raises alarm: Oil prices could hit $150 per barrel

The World Bank in their October 2023 Commodity Market Outlook has outlined the potential consequences of an escalating Middle East ( Israel-Hamas) conflict on...

Inflation in 2022 was highest in over 2 decades – ISSER

The Institute of Statistical, Social and Economic Research (ISSER) has pointed out that the persistent rise in inflation in Ghana in 2022 was the...

Cedi faced cumulative depreciation of 51% against the US dollar in 2022

The cedi weathered a tumultuous year in 2022, witnessing a sharp decline in value against major international currencies. According to the Institute of Statistical, Social...

National Lottery Authority opens 2024 Lotto Operator Registration

The National Lottery Authority (NLA) is pleased to announce the commencement of registration for Lotto operators for the year 2024. This registration process is...

Ghana’s economy on a steady recovery path – Ofori-Atta

Finance Minister, Ken Ofori-Atta, has reaffirmed that the Ghanaian economy is on a recovery path, citing improvement in some macroeconomic indicators. According to him, the...

Cedi to remain stable against dollar this week

The Ghana cedi is expected to remain relatively stable against the US dollar this week, following an ease in corporate demand. This follows a slight...

Fuel prices likely to remain same from Nov. 1

Fuel prices are likely to remain relatively unchanged on the domestic fuel market from November 1, 2023, the Institute for Energy Security (IES) has...

Impactful energy career seminar held by Cubica Energy to support career development in energy industry

The 3rd edition of the Energy Career Seminars by Energy Quest Foundation of Cubica Energy was held on Saturday, 27th of October 2023, at...

GRA impounds 11,200 imitated wax prints

The Eastern Corridor Monitoring Team of the Ghana Revenue Authority (GRA) has impounded 11, 200 full pieces of imitated wax prints concealed in an...

Zambia reaches deal for debt relief on $4bn owed to bondholders

Zambia has reached a deal for relief on nearly $4 billion owed to private bondholders, raising hopes that a protracted debt restructuring by Africa’s...

Ga Many3 funeral: All you need to know about the suspension of commercial activities

In a solemn gesture of respect and farewell to the late Ga Many3, Naa Dedei Omaedru III, Queen Mother of the Ga State, the...

Debt defaults taking long to resolve – Fitch

Rating agency, Fitch, says debt defaults in frontier markets including Ghana have taken longer to resolve than in the past. The UK-based firm said the...

Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA

The Ghana Union of Traders Association (GUTA), has called for the removal of the COVID-19 Levy and the Special Import Levy in the 2024...