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Former BOST MD defends ‘gold for oil’ programme, rejects criticism

The former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Dr. Edwin Alfred Nii Obodai Provencal, has robustly defended Ghana's...

Was Mahama on Mars? – Former Finance Minister rejects economic crisis claims

The immediate past Finance Minister has pushed back against President John Mahama’s claim that he inherited a struggling economy, questioning the basis of Mahama’s...

Ghana can reach 18% Tax-to-GDP ratio by 2025, not 2027 – Amin Adam

Former Finance Minister Dr Mohammed Amin Adam has urged his successor, Dr Cassiel Ato Forson, to accelerate Ghana’s tax reforms and achieve an 18%...

IMF doesn’t have jurisdiction over appointment of Bank of Ghana Governor – Kwakye tells Boako

The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is opposing the idea of the lawmaker for Tano North,...

Energy Minister to establish committee for Petroleum Sector Review

The Minister for Energy and Green Transitions, John Jinapor, has announced plans to establish a consultative committee to conduct a comprehensive review of Ghana’s...

The plane can’t fly without a pilot – Dr. Atuahene on Asiamah’s BoG appointment

A banking expert, Dr. Richmond Akwasi Atuahene, has responded to critics of Dr. Johnson Pandit Asiamah’s appointment as acting Governor of the Bank of...

IMF team expected in town over talks on economy and 2025 Budget

An International Monetary Fund (IMF) team is expected in Accra Ghana from this weekend, February 8, 2025 to hold crucial discussions with government. The discussions...

Mpraeso MP calls for urgent action on social media taxation and digital accountability

Member of Parliament for Mpraeso, Davis Ansah Opoku, has urged the government to enforce tax compliance on multinational social media companies operating in Ghana. Speaking...

Allow Dr Asiamah to face trial to protect integrity of our financial ecosystem – Minority to Mahama

The Minority in Parliament has called on President John Dramani Mahama to allow Dr Johnson Asiama to face trial in order to uphold the...

First Deputy Governor of BoG Dr. Maxwell Opoku-Afari resigns

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari, has resigned. A letter from the Bank of Ghana, dated February 4,...

Bond Market: Trading activity increases by 14.38% to GH¢986 million

Trading activity in the secondary bond market increased by 14.38% last week, closing at GH₵986 million, up from GH₵862 million. Trading remained concentrated at the...

COPEC urges gov’t action to curb rising fuel prices

The Chamber of Petroleum Consumers (COPEC) is calling on the Ghanaian government to take urgent action to curb the relentless rise in fuel prices,...

New BoG governor pledges to tackle inflation

The newly appointed Governor of the Bank of Ghana (BoG), Dr. Johnson Asiamah, has reaffirmed his commitment to addressing Ghana’s economic challenges, particularly persistent...

Dr. Johnson Asiama takes over as Bank of Ghana Governor

The new Bank of Ghana Governor, Dr. Johnson Asiama, held a brief ceremony with the management of the Central Bank after officially taking over...

Fuel prices increase by 2%; petrol to sell at ¢15.72, diesel at ¢16.60 per litre

Ghanaians will have to brace for higher fuel costs as petroleum prices are expected to rise from today, with Liquefied Petroleum Gas (LPG) witnessing...

T-bills Auction: Gov’t records 43% oversubscription as interest rates tumble

For the 5th consecutive week, the government recorded an oversubscription in its treasury bills auction. According to auction results from the Bank of Ghana, the...

Mahama nominates Dr. Johnson Asiamah as Bank of Ghana Governor

President John Dramani Mahama has nominated Dr. Johnson Asiamah as the next Governor of the Bank of Ghana, pending approval from the Council of...

Prices of petroleum products to go up marginally from February 1

Barring any unforeseen circumstances, the price of petrol, diesel and Liquified Petroleum Gas (LPG) will go up marginally from February 1, 2025.. According to the...

We’ll do a proper SIM re-registration again – Communications Minister nominee

Samuel Nartey George, the Minister nominee for Communications, Digitalisation, and Innovation, has announced plans to conduct a proper SIM re-registration exercise if approved for...

Fintech is at the heart of Mahama’s government – Sam George

The Minister nominee for Communications, Digitalisation, and Innovation, Samuel Nartey George, has asserted that financial technology (fintech) is central to the vision of President...

MNOs failing to meet quality standards will face fines – Sam George

The Minister nominee for Communications, Digitalisation, and Innovation, Samuel Nartey George, has warned that Mobile Network Operators (MNOs) that fail to meet the required...

NIC temporarily suspends 2025 Motor Insurance Tariff implementation

The National Insurance Commission (NIC) has temporarily suspended the implementation of the 2025 Motor Insurance Tariff due to unforeseen developments. In a letter dated January...

Ghana signs MoU with Official Creditor Committee to address debt issues

Government has officially signed a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) to formalize debt treatment agreements aimed at restoring long-term...

BoG’s intervention alone in forex market cannot ensure cedi stability

The Institute for Economic Affairs (IEA) has warned that the Bank of Ghana’s intervention in the forex market alone cannot guarantee lasting exchange rate...

Margaret Ansei appointed Acting CEO of Ghana Enterprises Agency

Margaret Ansei, popularly known as Magoo, has been appointed as the Acting Chief Executive Officer (CEO) of the Ghana Enterprises Agency (GEA). She succeeds Mrs....

Banks NPLs surge to 21.8 percent – BoG

The banking industry’s Non-Performing Loans (NPL) ratio increased to 21.8% in December 2024, up from 20.6 percent in December 2023. According to the Bank of...

Full list of technical committee to develop legal framework for GOLDBOD

On Monday, January 27, 2025, Finance Minister, Dr. Cassiel Ato Forson, Ph.D., officially inaugurated a Technical Committee tasked with developing the legal and operational...

Ghana Gold Board formation: Finance Min. inaugurates technical committee to draft legal framework

Finance Minister, Dr. Cassiel Ato Forson, Ph.D., has officially inaugurated a Technical Committee tasked with developing the legal and operational framework for the establishment...

IEA calls for budget to address huge legacy debt and restore financial sustainability

The Institute of Economic Affairs (IEA) is calling for a budget that specifies a comprehensive plan to address the huge legacy debt in the...

Security prevents alleged NDC thugs from attacking GRA headquarters

Security personnel at the Ghana Revenue Authority (GRA) Headquarters in Accra have prevented an alleged group of National Democratic Congress (NDC) supporters from causing...

Ghana’s projected growth rates for next 5 years by IMF below potential – IEA

The Institute for Economic Affairs (IEA) has described the projected growth rates for Ghana’s economy in the next five years, as provided by the...

Taptap Send Partners with Manhyia Palace in Ghana to drive development through fee-free remittances

Taptap Send, a prominent global remittance platform, is taking bold steps to deepen its role in community-driven development. The company has announced a strategic partnership...

Banks’ average lending rate hovered around 30% during the second half of 2024

Banks' average lending rates hovered around the 30% bracket during the second half of the year, after declining from 32% at the beginning of...

GNPC welcomes new CEO: Edward Abambire Bawa set to lead with vision

The Ghana National Petroleum Corporation (GNPC) has announced the appointment of Edward Abambire Bawa as its new Chief Executive Officer, succeeding Mr. Joseph Dadzie,...

AT announces exciting 2025 plans to enhance customer experience

Telecommunications giant AT has unveiled its plans for 2025, focusing on innovation, growth, and improving customer experiences. In a statement, the company outlined key initiatives...

Ghana’s public debt stock declines to GH¢761.0bn in November 2024 – BoG  

Ghana’s total public debt fell by GH¢24.1 billion month-on-month to GH¢761.0 billion in November 2024, the Bank of Ghana has disclosed in its January...

Cedi depreciates by 2.4% against dollar in January 2025 – BoG

The Ghana cedi lost 2.4% in value to the US dollar in the first month of 2025, compared to a depreciation of 1.3% during...

Mahama appoints Sylvester Mensah as Acting CEO of Ghana Export–Import Bank

President John Dramani Mahama has appointed Sylvester Adinam Mensah as the Acting Chief Executive Officer of the Ghana Export–Import Bank (GEXIM). Mr. Mensah will spearhead...

ECG Debt: Gov’t to investigate huge debt and reckless procurement – John Jinapor

Energy Minister John Abdulai Jinapor has announced the establishment of a committee to investigate the rising debt and procurement practices at the Electricity Company...

ECG Privatisation: Energy Minister sets committee to design roadmap

The Ministry of Energy has inaugurated a seven-member technical committee tasked with developing a roadmap for private sector participation in power distribution across the...