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Ghanaians turned to savings in foreign currency to protect investments – KPMG

A report conducted by KPMG has revealed a high number of shifts in the savings culture of some Ghanaians geared towards saving the value...

GRA goes after $2.8bn accounts of Ghanaians overseas

The Ghana Revenue Authority (GRA) has disclosed it will soon go after accounts of Ghanaians overseas who are not paying taxes. This was after it...

10% withholding tax on lottery and betting winnings starts from Monday January 1, 2024

The Ghana Revenue Authority (GRA) has announced that the implementation of the 10% withholding tax on the gross winnings of lotteries and betting will...

PURC recovers GH₵10.73 million for NEDCo, GWCL in 3 regions

The Public Utility Regulatory Commission (PURC) has retrieved GH₵10.73 million for the Northern Electricity Distribution Company (NEDCo) and the Ghana Water Company Limited (GWCL)...

Bond market: Total market turnover up by 4.01% to ¢2.15bn

Trading activity on the secondary bond market for Government of Ghana papers remained robust last week. There was a weekly face value traded of ¢2.15...

Apple is officially no longer selling the newest Apple Watch in America

The clock has wound down on the newest Apple Watch after President Joe Biden declined to issue a last-minute, emergency action to keep the best-selling...

Fitch Solutions revises Ghana’s 2024 GDP growth forecast to 3.5%

Fitch Solutions has revised Ghana’s Gross Domestic Product (GDP) growth rate in 2024 to 3.5%, from the earlier forecast of 3.7%. This is however higher...

Volta and Oti region rice farmers embark on climate-resilient rice production journey

The Sahara and Sahel Observatory (OSS), with support from the Adaptation Fund, has successfully implemented the 'Scaling Up Climate-Resilient Rice Production' initiative for rice...

Cheques cleared in quarter 3, 2023 estimated at ¢71.3bn – BoG

The volume of cheques cleared during quarter 3, 2023 totalled 1,378,874 valued at ¢71.371 billion, the Bank of Ghana has disclosed. This represented a decrease...

We will reallocate some project funds if not utilised by June 2024 – World Bank warns Ghana

The outgoing World Bank Country Director, Frank Pierre Laporte, has strongly indicated that project funds allocated to Ghana but have not been utilized will...

Kantamanto traders hail Dampare

Traders at Kantamanto in Accra have commended the Inspector General of Police (IGP), Dr George Akuffo Dampare for measures put in place to enhance...

SML alleges Manasseh Azure manufactured ’10-year’ contract with GRA

The Technical Assistant to the Managing Director at Strategic Mobilization Ghana Limited (SML), Richard Marfo, has accused the Fourth Estate’s Manasseh Azure of making...

Speaker did not order suspension of payments to SML – Patrick Boamah

The Vice Chairperson of the Finance Committee in Parliament says the 2nd Deputy, Andrew Amoako Asiamah, who presided over the House on Friday, did...

Parliament to probe contracts awarded by GRA

Parliament has passed a resolution to investigate all contracts awarded by the Ghana Revenue Authority (GRA). The resolution comes in the wake of the controversial...

Festive season: Some Ghanaian artisans express concern over low patronage of products

Some Ghanaian artisans have expressed concerns about a noticeable dip in patronage during this Christmas season, marking a departure from the vibrancy of previous...

World Bank rebuffs claims of not doing enough to prevent Ghana’s economic crises

The outgoing World Bank Country Director, Pierre Frank Laporte, is challenging claims of not doing enough to prevent Ghana from getting into its recent...

MTN Ghana announces revamped ‘Free After 1 Extra’ plan

Customers on the MTN ‘Free After 1’ call plan will enjoy an enhanced customer experience with more value-added services with the introduction of ‘Free...

MoMo agents suspend GHȻ1000 cap on withdrawals

The Mobile Money Advocacy Group (MoMAG) has announced the immediate suspension of the GHȻ1000 cap on withdrawals. According to MoMAG, this decision comes after discussions...

Admit you took an investment risk and lost out – Menzgold lawyer tells customer

"You simply took an investment risk and lost out." This was a statement made by the lawyer for defunct gold dealership firm, Menzgold to...

Credit risk remains elevated, slows down new lending by banks – BoG

Credit risk remained elevated during the third quarter of 2023, reflecting the sharp increase in the stock of non-performing loans in the banking industry,...

Maxwell Investments Group partners Joy Business for entrepreneurial segment

Ghana’s economic landscape is undergoing significant transformations, particularly in entrepreneurship. This shift is occurring against the Ghanaian cedi’s sharp depreciation against the U.S. dollar....

Take full advantage of AfCFTA to expand – Akufo-Addo to Ghanaian businesses

Government is encouraging local businesses to expand their portfolio using the African Continental Free Trade Area (AfCFTA) platform for accelerated economic growth. President Akufo-Addo...

Ghana hasn’t taken off; like a plane, our dev’t still on the tarmac – Kwame Pianim

https://youtu.be/MRfEY65cRNA Ghanaian economist, Kwame Pianim, has said Ghana’s development is still at the stage of a plane on a tarmac yet to take off and...

Economy expands by 2.0% in third quarter of 2023

Provisional estimates from the Ghana Statistical Service show that the economy expanded by 2.0% in the third quarter of 2023 and grew at a...

Enterprise Insurance launches 100th anniversary celebration

Ghana’s largest and leading private insurer, Enterprise Insurance Limited has launched its centenary anniversary celebration in Accra. The 100th anniversary celebration is on the theme:...

Manasseh Azure replies GRA

The Founding Editor-In-Chief of the Fourth Estate, Manasseh Azure Awuni has questioned the value additions of Strategic Mobilization Ghana Limited (SML) to the upstream...

Ride-hailing vehicle owners to pay Value Income Tax from January 1

Government through the Ghana Revenue Authority (GRA) will from January 1, 2024, commence the implementation of a new tax policy for ride-hailing vehicle owners...

World Bank announces new Country Director for Ghana, 2 others

The World Bank has appointed Robert Taliercio O’Brien as Country Director for Ghana, Liberia, and Sierra Leone in the Western and Central Africa Region. His...

GRA denies “questionable” contract with SML; insists deal saved Ghana ¢3bn

The Ghana Revenue Authority (GRA) has denied publication by 'The Fourth Estate' that it awarded a ‘’questionable’’ contract to Strategic Mobilization Ghana Limited (SML)...

Inflation to remain above medium target of 8%±2 – BoG

The Bank of Ghana is projecting that inflation will remain above the upper band of the medium-term target of 8%±2 until 2025. According to the...

GSE receives ISO certifications  

The Ghana Stock Exchange (GSE) has been certified for both the ISO 27001:2013 and ISO 22301:2019 standards of the International Standards Organisation (ISO). These certifications...

Ken Ofori-Atta reacts to resignation rumours

Contrary to reports that he had resigned, Finance Minister, Ken Ofori-Atta appears set to the lead Ministry in 2024. Joining the staff of the Ministry...

OMCs cut fuel prices at pumps; Petrol selling at ¢12.39, diesel going for ¢12.99

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps. Industry leader, GOIL, is selling a litre of petrol at...

Petrol, diesel prices go down – IES       

Prices of petrol and diesel would fall marginally from this week, as a result of a decline in prices of finished petroleum products on...

High Court dismisses motion by Deloitte, awards GH₵2000 cost

An Accra High Court has refused a motion filed by Deloitte and Touché to segregate two out of the 10 issues to be determined...

BoG is an institution of excellence; it saved banking sector from collapse – Akufo-Addo

President Akufo-Addo has described the Bank of Ghana as an institution of excellence, saying, the Central Bank has distinguished itself in the last seven...

Parliamentary Committee applauds premix fuel automation system

The Parliamentary Select Committee on Food, Agriculture and Cocoa Affairs has applauded the cutting-edge Automated Premix Fuel Dispensing and Monitoring System following a visit...

Transport fare disputes: electronic payment system to save the day

Occasional disputes between customers and bus conductors over transport fares is a commonplace in Ghana. Fortunately, an electronic payment system seeks to avert this...

Suma Rural Bank welcomes Eric Adjei as Director

Eric Adjei has been appointed as a Director of the Board at Suma Rural Bank, following a decision by the bank's shareholders. Expressing gratitude for...

Motor Insurance Premiums to go up from January 2024

https://youtu.be/zYB5KPJcrlU Motor insurance premiums are expected to be increased by more than 30% from January 2024. The increase is due to a 21% increase in Value...