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10% salary increase for public sector workers is excessive – Austin Gamey

Labour Consultant Austin Gamey has cautioned that the government’s recent approval of a 10% salary increase for public sector workers is excessive and could...

Gabriel Kumi urges GRA to improve ICUMS efficiency at ports

The Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabriel Kumi, has urged the Ghana Revenue Authority (GRA) to enhance the efficiency of...

Cedi depreciates by 6.5% in first six weeks of 2025

Optimism expressed by businesses and traders about the stability of the cedi against the US dollar at the start of the year has faded...

ISSER Director cautions against hastily reinstating bank licenses

The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has urged the government and the leadership of the...

NPA explores 24-hour economy strategies for petroleum sector

The National Petroleum Authority (NPA) is exploring strategies within the downstream petroleum value chain to support the implementation of a 24-hour economy in the...

Domestic Banks dominate secured loans in 2024 Q4 – BoG

The Bank of Ghana's (BoG) latest Quarterly Collateral Registry report has revealed that the share of secured loans granted by domestically owned banks increased...

Energy Minister to form stakeholder committee for downstream petroleum reform

The Minister for Energy and Green Transition, John Jinapor, has disclosed plans to constitute a stakeholder committee to undertake a comprehensive reform of the...

T-bills: Government to borrow GH¢7.73bn on Friday; yields to continue falling

The government plans to raise GH¢7.73 billion this Friday February 21, 2025 through the issuance of the 91-day, 182-day, and 364-day bills. This will cover...

Ghana plans return to domestic bond market in second quarter of 2025

After implementing a domestic debt exchange program that concluded in February 2023 with over 80% participation, the government is preparing to re-enter the local...

Ghanaians must seek God’s forgiveness for mismanaging natural resources – Banking Consultant

Banking Consultant Richmond Atuahene has urged Ghanaians to seek forgiveness from God for the country’s failure to utilize its natural resources wisely. His remarks come...

No more than $250m in borrowing for 2025 – IMF to Ghana

Ghana cannot borrow more than $250 million—including commercial loans—in 2025, under a borrowing cap as part of a Memorandum of Understanding (MOU) with its...

NHIS faces financing shortfalls, impacting health progress – World Bank

The National Health Insurance Scheme (NHIS) is facing financing shortfalls that are undermining progress in health and the protection of vulnerable groups, according to...

Cedi continues strong performance against dollar, trades at GH₵15.75

The Ghana cedi continued its strong performance against the US dollar in the retail market on February 17, 2025, trading at an average of...

NPA introduces new price floor for petroleum products

The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February 2025, effective from...

Pensioner bondholders express cautious optimism over govt’s commitment to payments

Pensioner bondholders in Ghana have expressed cautious optimism following the government’s commitment to honouring coupon payments, marking the first instalment under the new administration. Speaking...

Mahama appoints Dr. Abiba Zakariah as Acting Commissioner of NIC

President John Mahama has appointed seasoned insurer and former Chief Operating Officer of WAICA Reinsurance Corporation, Dr. Abiba Zakariah, as the acting Commissioner of...

DDEP: NPP did not default; We ensured smooth payments before leaving office – Dr. Amin Adam

Former Finance Minister Dr. Mohammed Amin Adam has credited the New Patriotic Party (NPP) for ensuring timely coupon payments under the Domestic Debt Exchange...

CID boss sues bank over late husband’s accounts

The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, Commissioner of Police (COP) Faustina Andoh-Kwofie, has initiated a legal action...

Discontinuing the IMF programme would be unwise – Prof Bokpin

A professor of finance and economics at the University of Ghana, Prof Godfred Bokpin, says it will be bad for the economy if the...

Mahama urges quick establishment of key African Financial Institutions

President John Mahama has called for the swift establishment of key financial institutions to accelerate Africa’s economic integration and reduce reliance on foreign aid. Speaking...

Demand for Treasury Bills soars amid economic shifts

In an unprecedented move, the Bank of Ghana's recent auction of treasury bills saw a surge in investor interest, marking the highest demand in...

Importers and Exporters Association calls for ICUMS reforms, not removal

The Importers and Exporters Association is advocating for reforms to the Integrated Customs Management System (ICUMS) rather than its complete removal, citing its vital...

Total value of secured loans in Q4 hits GH¢8.2bn – BoG

The total value of secured loans granted by banks and Specialised Deposit-Taking Institutions (SDIs) in Quarter 4 (Q4) 2024 was GH¢8.2 billion. This is relative...

CIMG: Michael Abbiw is new President as new national executives are elected

The Chartered Institute of Marketing, Ghana (CIMG) has officially announced the results of its highly anticipated national elections. The voting process, overseen by the Electoral...

Heritage Bank would have been unmatched in Ghana’s banking sector – Seidu Agongo

The majority shareholder of the now-defunct Heritage Bank, Alhaji Seidu Agongo, has asserted that his bank could have reshaped Ghana’s banking sector with unrivaled...

World Bank attributes Ghana’s 2022 crisis to lack of fiscal discipline

The World Bank has attributed Ghana’s 2022 economic crisis to a lack of fiscal discipline and an expensive response to global shocks. In its Ghana...

World Bank warns Ghana against premature return to Int’l capital markets

World Bank Country Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, has cautioned Ghana against rushing back to international capital markets, warning that...

Lack of fiscal discipline plunged Ghana into full-fledged crisis in 2022 – World Bank

The World Bank has disclosed that a lack of fiscal discipline and expensive fiscal response to global shocks plunged Ghana into a full-fledged crisis...

Stephen Amoah calls for proactive measures to tackle inflation instability

Member of Parliament for Nhyiaeso, Dr. Stephen Amoah, has emphasized the need for a proactive approach in addressing the root causes of inflation instability...

SIC Insurance MD Hollistar Duah-Yentumi hands over to James Agyenim-Boateng

The Managing Director of SIC Insurance PLC, Ms. Hollistar Duah-Yentumi, has officially handed over leadership to her successor, Mr. James Agyenim-Boateng, following an exceptional...

Finance Minister to present 2025 budget on March 10

The Minister of Finance, Dr. Cassiel Ato Forson, is expected to present the 2025 Budget to Parliament on March 10. This is the date proposed...

It will be suicidal, financially ill-advised not to tax betting – John Kwakye

Economist and Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has firmly asserted that betting must be taxed, warning...

Mahama directs urgent action to address USAID funding gap

President John Dramani Mahama has instructed the Minister for Finance, Dr. Cassiel Ato Forson, to take immediate steps to address a funding gap caused...

Government engages driver unions on fare adjustments

The government will engage various drivers unions today to discuss potential adjustments in transport fares. Transport Minister Joseph Bukari Nikpe indicated that no formal proposals...

Acting NPA CEO Edudzi Tameklo engages Bulk Oil Distributors

The Acting Chief Executive of the National Petroleum Authority (NPA), Mr Godwin Kudzo Tameklo, has held a meeting with the Chamber of Bulk Oil...

IMF, government in crucial talks as Ghana finalises 2025 budget

The International Monetary Fund (IMF) is set to begin critical discussions with the Ghanaian government this week as the country finalizes its 2025 budget,...

See what Ghanaians are investing their money in

The 2024 KPMG Customer Experience Survey has shed light on the investment preferences of Ghanaians, revealing a strong inclination towards low- and medium-risk financial...

Namibian Lotteries Board CEO visits Ghana’s NLA for benchmarking

The Chief Executive Officer (CEO) of the Lotteries Board of Namibia, Dr. Johannes Shimaneni, recently conducted a benchmarking visit to Ghana’s National Lottery Authority...

Sam George to set up committee to reduce data costs

Minister of Communications, Samuel Nartey George, has announced plans to establish an inter-ministerial committee to examine and address the high cost of data in...

Ghana Insurers Association justifies proposal for 10% increase in Motor Insurance Premiums

The Ghana Insurers Association (GIA) is defending its proposal for a 10% increase in motor insurance premiums, citing the high cost of doing business. The...