Business

The Locked-up Investment Holders' Forum, under the leadership of Dr. Adu Anane Antwi, is set to resume picketing on Wednesday, June 5, 2024.This decision arises from the unfulfilled promise made by the Deputy Minister...

Locked-up Investment Holders’ Forum have declared that it will resume its picketing today, Wednesday, June 5, following the Finance Ministry's failure to meet its demands.Members of the forum are dissatisfied because, despite assurances...

The Ghana cedi will receive a much-needed foreign exchange buffer in the short term due to substantial inflows.This follows several measures announced by the Bank of Ghana during the May 2023 Monetary Policy Committee...

Finance professor at the University of Ghana, Godfred Bokpin, criticized the halted import limitations bill, highlighting the necessity for transparent procedures and a coherent policy direction.During an appearance on JoyNews’ PM Express on Monday,...

The Bank of Ghana (BoG) has explained that obtaining a bailout from the International Monetary Fund (IMF) would have been difficult without the Domestic Debt Exchange Programme (DDEP).Dr. Philip Abradu-Otoo, the Director of Research...

Organized Labour is advocating for a restructuring of how the Social Security and National Insurance Trust (SSNIT) utilizes workers' funds.They contend that SSNIT's recent actions and lack of action have been unsatisfactory.The Executive Secretary...

Minister of Finance, Dr. Mohammed Amin Adam, has urged the investor community to aid Ghana in accelerating its economic recovery, which is currently showing signs of improvement.Ghana's Gross Domestic Product (GDP) grew by 2.9...

The decline in the value of the local currency, the Cedi, is a major concern for both business owners and individuals, as it results in increased prices for goods and services.When we refer to...

The Vice President and Presidential Candidate of the ruling New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has vowed to align Ghana's import duties with those of Togo once he takes office.He mentioned that the...

The National Petroleum Authority (NPA) has instructed various industry stakeholders to raise the Unified Petroleum Price Fund (UPPF) margin by GH₵0.05 per litre in the Price Build Up for petroleum products starting June 1,...

Vice President Mahanmadu Bawumia has been challenged by Professor Kobby Mensah of the University of Ghana Business School (UGBS) to use his power to persuade President Nana Addo Dankwa Akufo-Addo to axe a contentious...

Due to rises in the cost of fuel, transportation, farm input devices, and other variables, the prices of several goods in the Northern Region's Tamale metropolis and Sagnarigu municipality are still skyrocketing.Since the start...

Director of Research at the Bank of Ghana (BoG), Dr. Philip Abradu-Otoo, has clarified that obtaining a bailout from the International Monetary Fund (IMF) would have been difficult without implementing the Domestic Debt...

Bank of Ghana (BoG) provided its 2023 Annual Report and Financial Statement, which shows that the bank's currency printing expenses in 2023 totaled GH¢675.4 million.According to the study, the sum is a 107.4% rise...

The government achieved a 29.71% oversubscription in its treasury bills auction just a week after failing to meet its target.According to the Bank of Ghana's auction results, the government raised GH¢3.52 billion from selling...

The Bank of Ghana (BoG), in its 2023 annual financial report, revealed that the Domestic Debt Exchange Programme (DDEP) impacted its balance sheet.Consequently, the bank signed a Memorandum of Understanding (MOU) to secure...

Technology Analyst and Digital Lead at Pop Out, Maximus Ametorgoh, is calling for internet access to be regarded as a public utility.He believes that in today's digital era, internet access is crucial for communication...

Supporters of the Locked-Up Investment Holders Forum will reconvene at the Finance Ministry on Wednesday, June 5, 2024, for a demonstration.This decision follows the Ministry's failure to fulfill its commitment to engage with them.On...

An expert in industrialization and supply chain management, Professor Douglas Boateng, has emphasized the necessity for African nations to develop the complete value chain of products and services within the continent to ensure the...

In 2023, Ghana achieved nearly $4 billion in non-traditional exports, marking an 11% increase from the $3.53 billion recorded in 2022.However, this figure falls about $21 billion short of the National Export Development Strategy's...

On Saturday, June 1, a group called Concerned Cocoa Farmers (CCF) from the Ellembelle District in the Western Region took to the streets to protest against the rampant environmental destruction caused by illegal mining...

Africa's wealthiest individual and Chairman of Dangote Refinery, Aliko Dangote, has voiced significant disapproval of African governments for their inability to construct a sole refining facility over the past 35 years.During an interview with...

The Bank of Ghana allocated GH¢675.4 million for currency printing in 2023, marking a 107.4% surge compared to the GH¢325.64 million expenditure in 2022, as detailed in its 2023 Annual Report and Financial Statement.Additionally,...

By the conclusion of June 2024, a total of five hundred and eight thousand (508,000) public and private business entities are slated for removal from the register of the Office of the Registrar of...

It was 11:00 am on July 6, 2023, at one of Ghana’s prestigious senior high schools, Accra Academy. Students had gathered in the Information and Communications Technology (ICT) lab, tapping their fingers impatiently on...

President Nana Addo Dankwa Akufo-Addo has lauded the Chinese government for its assistance in securing a three billion dollar IMF bailout for Ghana.While expressing Ghana's appreciation to China's departing Ambassador, Lu Kun, the President...

Despite incurring a loss of 10.5 billion cedis in 2023, the Bank of Ghana (BOG) asserts its continued policy solvency to cover monetary policy operation costs.This loss, although substantial, marks a marked improvement...

The African Development Bank has adjusted Ghana's growth rate projections to 3.4% for 2024 and 4.3% for 2025.This is an increase from the 2.8% forecasted in February 2024.According to the AfDB, this revised growth...

The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, has pledged to commercial motor riders, commonly known as 'okada riders,' that he will set up an electric motorbike assembly plant in the country if...

The 2023 Annual Report and Financial Statement published by the Bank of Ghana revealed that the bank allocated GH¢675.4 million for currency printing in 2023.The report indicated that this expenditure marks a 107.4% increase...

Public Interest Accountability Committee (PIAC) has reported a 36 percent shortfall in the payments made by the Electricity Company of Ghana (ECG) under the Cash Waterfall Mechanism (CWM) for gas in 2023.According to...

The Public Utilities Regulatory Commission (PURC) has estimated that the revenue needed for the second quarter will be GH₵6.81 billion.This projection signifies a GH₵1.14 billion increase compared to the revenue required in the...

The World Bank has sanctioned a $250 million credit from the International Development Association (IDA) for the five-year Ghana Financial Stability Project.This initiative will bolster Ghana’s Financial Sector Strengthening Strategy (FSSS) by enhancing financial...

Starting July 1, 2024, household and industrial consumers will see an increase in utility tariffs for electricity and water, following the Public Utilities Regulatory Commission’s (PURC) second-quarter review under the Quarterly Tariff Review Mechanism.The...

Bank of Ghana (BoG) reported a loss of GH₵10.50 billion for the financial year ending 2023.This loss was primarily driven by a significant increase in total interest expenses related to the Central Bank's...

China retained its status as Ghana's primary import source in 2023, with imports totaling GHC 33.9 billion, up from GHC 26.4 billion in 2022, as per the Ghana 2023 Trade Report by the Ghana...

The International Monetary Fund (IMF) has emphasized that debt transparency is not only beneficial for individual countries but also crucial for the IMF's operations.The IMF noted that hidden and opaque debt forms hinder its...

Private sector contributions to the Social Security and National Insurance Trust (SSNIT) in March 2024 hit an all-time peak of GH¢395.34 million, as reported in the Bank of Ghana’s Summary of Economic and Financial...

321-474 tons of African gold extracted through artisanal and small-scale mining remains unreported annually, with an estimated value ranging from $24 to $35 billion.SwissAid reports an alarming surge in the smuggling of African gold,...

A recent report from the Ghana Statistical Service reveals that the total value of international trade in the first quarter of 2024 stood at GH₵107 billion, with exports totaling GH₵59.5 billion and imports GH₵48.1...

South Korean billionaire Chey Tae-won has been instructed to pay his former spouse 1.38 trillion won ($1bn; £788m) in cash - marking the largest divorce payout in the nation's history.This verdict arrives almost ten...

The Ghana Revenue Authority (GRA) has offered further elucidation on the concept of absolute import prohibitions, underscoring their significance in upholding the nation's security.These prohibitions pertain to goods considered illicit according to international trade...

Ghana achieved a significant trade surplus of GH¢11.5 billion in the first quarter of 2024, amid a 20.4% increase in the average prices of export commodities compared to Q1 2023.The Ghana Statistical Service (GSS)...

Ghana and the African Development Bank have inked the Indicative Operations Programmes, mapping out projects slated for execution between 2024 and 2025.The proposed initiatives span support for Small and Medium Enterprises, Agriculture, and...

Ghana and the African Development Bank (AfDB) have signed the Indicative Operations Programmes, outlining the projects to be implemented between 2024 and 2025.These projects include support for Small and Medium Enterprises (SMEs), agriculture,...

The National coordinator of Cashew Watch Ghana (CWG), Raphael GodLove, asserts that the nation's cashew sector serves as a beacon of optimism for economic advancement, poverty reduction, and employment generation.He emphasized that the cashew...

The African Petroleum Producers’ Organization (APPO) concluded its roundtable on gas flaring and fugitive methane emissions, with industry stakeholders committing to address environmental challenges through collaborative efforts, strict regulations, and advanced technologies.The two-day event...

Cocoa exports saw a significant decline in the first quarter of 2024, dampening the growth of the country's trade surplus, according to new data.Although the surplus is expanding nominally, this growth is primarily driven...

In the aftermath the one-year anniversary of Nigeria's current administration under President Bola Tinubu, both the country's achievements and shortcomings were brought to light.Unfortunately, the deficiencies overshadowed the progress, as conveyed through infographics presented...

The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has vowed to add 2,000 MW of solar power to Ghana's energy mix if elected President in the upcoming December 7 general elections.He expressed confidence...