Business

Cashew farmers in Wenchi, a town in the Bono Region, are urging President Nana Akufo-Addo to instruct the Tree Crop Development Authority (TCDA) to set and announce a minimum producer price for raw cashew...

The Ghana Airports Company Limited (GACL) has announced a six-hour daily runway closure for airlines servicing Kotoka International Airport in Accra for essential repair works.This maintenance exercise is scheduled to last for two...

The world’s governments must raise an additional US$3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product—and 16 percent for...

Consolidated Bank Ghana (CBG) has reassured customers that the temporary suspension of its foreign exchange license will not impact its main banking services.The bank emphasized that all branches and digital services are fully functional...

Air France has halted its direct three-times-a-week passenger service between Paris and Accra, Ghana, effective October 26, 2024.While the airline has not provided immediate reasons for the suspension, analysts suggest that the decision is...

Legal practitioner Jonathan Amable has petitioned the Supreme Court to impose an immediate injunction on government borrowing through treasury bills.The application seeks to prevent the government and its representatives from issuing treasury bills...

The Ghana Investment Promotion Center (GIPC) acknowledged that while the journey to economic recovery presents difficulties, the long-term outlook is promising. Investment levels may fluctuate quarterly, but they continue to grow on an annual...

President Nana Addo Dankwa Akufo-Addo’s ambitious Petroleum Hub Project is making strides toward transforming Ghana’s petroleum downstream sector into a modern, diversified, and financially sustainable “energy economy.”Designed to provide all homes and industries with...

Banking expert Dr. Richmond Atuahene expressed serious doubts about how Consolidated Bank Ghana (CBG) is being managed after the Bank of Ghana (BoG) recently put a hold on CBG's license to trade foreign currency.The...

In order to strengthen governance and risk management standards, the Bank of Ghana has introduced a comprehensive outsourcing directive that applies to banks, specialized deposit-taking institutions (SDIs), financial holding companies, and development finance institutions.In...

At the 24th Annual General Meeting and Scientific Conference of the Ghana Institute of Horticulturists, Daniel Attivor, an agronomist and consultant for Anglo Gulf FZE - Dubai, emphasized the critical yet cautious role of...

The Bank of Ghana (BoG) will officially open its new US$250 million headquarters, "The Bank Square," in Accra on November 20, 2024.The construction of the new headquarters sparked debates last year, especially after the...

The Bank of Ghana (BoG) has announced the suspension of the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG), effective from 26th November 2024.The suspension, which will last for one month, was...

Bank of Ghana has suspended the Foreign Exchange Trading Licence of Consolidated Bank Ghana (CBG) for one month, effective November 26, 2024.Citing Section 11(2) of the Foreign Exchange Act, 2006 (Act 723), the BoG...

Consolidated Bank Ghana’s (CBG) foreign exchange trading license has been suspended for one month by the Bank of Ghana (BoG).This suspension, effective November 26, 2024, aligns with Section 11(2) of the Foreign Exchange Act,...

The Minerals Income Investment Fund (MIIF) has set a strict deadline for mining companies in Ghana to pay any outstanding royalties by December 1, 2024. This deadline applies to all active mining operators, including gold,...

Popular international money transfer service, Taptap Send has temporarily suspended its operations in Ghana.This pause has raised concerns among users who depend on the platform to send money to loved ones in the...

Ghana has been ranked as the 6th most attractive investment destination in Africa for 2024, according to Rand Merchant Bank's ‘Where to Invest in Africa 2024’ report.The country achieved an overall score of 0.24.For...

At the National Farmers' Day ceremony in Accra, Ghana, cocoa farmers were filled with excitement as President Nana Akufo-Addo revealed an increase in the producer price of cocoa, raising it from GH₵3,000 to GH₵3,100...

Effutu Member of Parliament, Alexander Kwamina Afenyo-Markin, has expressed his frustration over the media's refusal to acknowledge him as the Majority Leader.Following the Supreme Court's adjournment of his case challenging Speaker Alban Bagbin's declaration...

Ghana's government raised GH¢5.824 billion in its most recent treasury bill auction, surpassing its target of GH¢5.623 billion by GH¢201 million.The auction, conducted on November 8, 2024, witnessed strong demand for the 91-day bills,...

Ghana's oil industry has experienced a notable surge, with crude output and income climbing in the first half of 2024.The Public Interest and Accountability Committee (PIAC) reported that oil revenues totaled $840.7 million between...

The Bank of Ghana (BoG) has instructed all financial institutions, including commercial banks and Enhanced Payment Service Providers, to cease their Remittance Termination Partnership with the global remittance company, Taptap Send.This directive was communicated...

For the first time in six months, the Bank of Ghana (BoG) has publicly shared exchange rates used by commercial banks to trade foreign currencies.This comes after an earlier instruction from BoG, requiring...

Coordinator of the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has shared that Ghana has produced a total of 633,300 barrels of crude oil since it began production in 2010, up until July...

Legal expert Tsatsu Tsikata has labeled the Electronic Levy (E-Levy), introduced by the current New Patriotic Party government, as a failure.He argued that the E-Levy has not lived up to its expectations, even suggesting...

The government plans to re-enter the domestic bond market sooner than expected after completing its debt restructuring in September 2023.It aims to allow non-resident investors back into the market as early as next...

Chairman of the McDan Group, Dr. Daniel McKorley, has voiced significant concerns about the obstacles confronting Ghana’s private sector, emphasizing a lack of supportive government policies over the years.Addressing attendees at the Ghana CEO...

Electrochem Ghana Limited, a salt mining company operating in the Ada Songhor Lagoon, is set to recruit 3,200 workers for the upcoming salt harvest.These new hires will handle the manual salt harvesting on a...

The Bank of Ghana has imposed a one-month suspension, effective November 8, 2024, on Taptap Send’s partnerships with payment service providers and commercial banks.This action stems from Taptap Send’s operation of a cedi remittance...

The Bank of Ghana (BoG) has issued a one-month suspension of all partnerships between Taptap Send and electronic payment service providers (EPSPs) and commercial banks in Ghana, effective November 8, 2024.The regulatory action...

Finance Minister Dr. Mohammed Amin Adam has appealed to French businesses to remain in Ghana, assuring them that the government is working to improve the business climate, including addressing concerns about tax-related challenges and...

In a move to support cocoa farmers, President Nana Addo Dankwa Akufo-Addo announced a marginal increase in the producer price of cocoa, raising it from GH₵3,000 to GH₵3,100 per 64kg bag for the 2024/2025...

The producer price of a 64kg bag of cocoa has been raised by GH₵100, increasing from GH₵3,000 to GH₵3,100 for the 2024/2025 crop season, President Nana Addo Dankwa Akufo-Addo announced.This adjustment, which represents a...

Manganese ore is poised to play a pivotal role in strengthening multiple sectors of Ghana’s economy, including the global metal, automotive, and agricultural industries, according to Manager of Social Responsibility at Ghana Manganese Company...

Oil prices fell in early Friday trading, influenced by a recent interest rate cut from the U.S. Federal Reserve and potential supply risks from Hurricane Rafael.Chinese crude oil imports remained low despite Beijing’s...

Ghana has reinforced its status as Africa’s top gold producer by inaugurating Cardinal Namdini Mining Limited, now the country’s third-largest mine.The mine’s first gold pour marked its official opening on November 8, 2024,...

President Nana Akufo-Addo on Friday officially inaugurated the Cardinal Namdini Mining Ltd, a mine in Talensi, Upper East Region, celebrating its first gold pour and the beginning of what is expected to be a...

As part of its ongoing efforts to restructure Ghana’s energy sector debt, E.S.L.A. PLC has announced plans to redeem approximately GH¢3.47 billion in outstanding bonds.This decision is in line with the country’s broader...

Gold Fields and AngloGold Ashanti’s plan to merge their Tarkwa and Iduapriem gold mines in Ghana has stalled due to delays in securing the necessary government permits.Both companies have confirmed that the required...

African nations need to progress beyond being technology consumers, embracing deeper cross-border partnerships to fuel innovation.This call to action comes from CEO of the Ghana Chamber of Telecommunications, Dr. Kenneth Ashigbey, who emphasizes that...

The Public Interest and Accountability Committee (PIAC) has announced the appointment of Constantine K.M. Kudzedzi, a respected lawyer and advocate, as its Chairperson for a one-year term.This leadership change is timely for PIAC, as...

Vice-President and NPP Presidential Candidate, Dr. Mahamudu Bawumia, has unveiled myCreditScore, an innovative credit reference and scoring system that allows Ghanaians to demonstrate their creditworthiness in a transparent manner, improving their access to credit.Supported...

Director-General of the State Interest and Governance Authority (SIGA), John Boadu, has revealed that the government is working on diversifying its stakes in several state-owned enterprises (SOEs).Mr. Boadu explained that this move would give...

CalBank Plc has launched a determined initiative to reclaim GH¢900 million in impaired loans by the end of 2024, an effort aimed at bolstering its financial position and maximizing shareholder value.The bank has so...

Financial analyst Dr. Michael Kwaku Dawson has urged Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), to reveal the long-term solutions he proposed for ensuring cedi stability during...

The Electricity Company of Ghana (ECG) has recently replaced all post-paid, non-smart prepaid, and faulty meters with new MMS-compliant smart prepaid meters.This replacement initiative, part of the company’s Loss Reduction Programme (LRP), aims to...

Freight forwarders at Tema Port have raised concerns over the recent surge in container deposit fees by Cosco Shipping Lines, which have jumped from GH¢200 to GH¢2,000.This fee increase, meant to serve as...

Ghana’s first large-scale greenfield gold mine in over a decade, Cardinal Namdini, located in the Talensi District of the Upper East Region will be commissioned tomorrow by President Akufo-AddoThis landmark $700 million project, expected...

Members of the Ghana Institute of Freight Forwarders (GIFF), Customs House Agents, and other stakeholders in the trade sector gathered at the Cosco Shipping Line offices to protest what they view as exploitative fees...