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John Jinapor raises alarm over escalating energy sector debt

Energy Minister-Designate John Abdulai Jinapor has expressed deep concern over the escalating debt burden in Ghana’s energy sector, calling it a pressing issue that...

I’ll focus on the development of the real sector – Dr Ato Forson

The Minister of Finance-designate, Dr. Cassiel Ato Baah Forson, has promised to focus the attention of the government on the microeconomy and the real...

Businesses to see tax reliefs as Ato Forson promises VAT reforms

The Minister of Finance-designate, Dr. Cassiel Ato Baah Forson, has promised to carry out significant reforms in the implementation of the Value Added Tax...

Fuel shortage persists in Damongo despite NPA’s assurances

Despite assurances from the National Petroleum Authority (NPA) to normalize fuel supplies in the Savannah Regional capital of Damongo, the product is still in...

Mahama engages Independent Power Producers to avert power crisis

President John Dramani Mahama has held an emergency meeting with Independent Power Producers (IPPs) to address Ghana’s looming energy crisis. The meeting, held on Monday,...

Ato Forson promises to collaborate with new Agric Minister for fair cocoa prices

The Finance Minister-designate, Dr. Cassiel Ato Forson, has assured cocoa farmers of fair pricing for their produce through collaboration with the incoming Minister for...

We’ll set up independent value for money office – Ato Forson

The Finance Minister-designate, Dr. Cassiel Ato Forson, has revealed that the National Democratic Congress (NDC) government will establish an Independent Value for Money Office. The...

Ato Forson pledges to address challenges of Domestic Debt Exchange Programme

The Minister-Designate for Finance, Dr. Cassiel Ato Forson, has vowed to tackle the adverse effects of Ghana’s Domestic Debt Exchange Programme (DDEP) on the...

Cedi loses grounds against dollar but records gain against pound; one dollar equals GH¢15.85

The Ghana cedi lost 0.48% to the dollar last week, increasing its year-to-date loss to 1.27% with just 13 days into 2025. The local currency...

Finance Minister-designate vows to bring inflation back to single digit

Finance Minister-nominee Dr. Cassiel Ato Forson has committed to reducing Ghana’s inflation to single digits through a series of robust fiscal measures, with a...

We’ll abolish betting tax, E-Levy in our first budget – Ato Forson insists [Video]

The Finance Minister-designate, Dr. Cassiel Ato Forson, has vowed to abolish the betting tax and the e-levy in his first budget. Speaking before the Appointments...

Don’t be scared; we won’t default on our debt obligations – Ato Forson to Akufo-Addo

The Finance Minister-designate, Dr. Cassiel Ato Forson, has assured former President Nana Akufo-Addo and the people of Ghana that the country will not default...

We intend to reduce depreciation to 8% in the shortest time – Finance Minister-designate

The Finance Minister-designate, Dr. Cassiel Ato Forson, has announced plans to reduce the country’s currency depreciation rate to 8% within the shortest possible time. He...

My priority is a stable cedi, low prices and job creation – Ato Forson

The Finance Minister-designate, Dr. Cassiel Ato Forson, has outlined his top priorities as ensuring a stable Ghanaian cedi, reducing the cost of living, and...

I’ll dedicate a considerable amount of my time to revenue mobilisation – Ato Forson

The Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to prioritise revenue mobilisation as a key focus of his tenure, should he be approved...

Cutting waste and tackling inflation key to economic recovery – Finance Minister-designate

The Finance Minister-Designate, Dr. Cassiel Ato Forson, has stressed the urgent need to reduce waste and bring down inflation to attract both local and...

My problem with tax exemptions is the opaqueness and favouritism – Ato Forson

The Finance Minister-designate, Dr. Cassiel Ato Forson, has expressed concerns about the current tax exemption regime, describing it as opaque and prone to favouritism. Speaking...

Revenue growth possible without tax hikes, some taxes will be scrapped – Ato Forson

The Finance Minister-designate, Dr. Cassiel Ato Forson, has outlined his vision to raise revenue without resorting to tax increases, emphasizing a focus on improving...

T-bills: Government records 55% oversubscription; interest rates rise

Demand for treasury bills soared on the money market as T-bills were oversubscribed by more than 55%. However, interest rates continued to surged, increasing the...

PFAG urges gov’t to audit Pwalugu Dam and recover misappropriated funds

The Peasant Farmers Association of Ghana (PFAG) has called on the newly elected government to prioritize an audit of the Pwalugu Multi-Purpose Dam to...

NPA implements measures to resolve petrol shortages in northern Ghana

The National Petroleum Authority (NPA) has assured Ghanaians that concrete steps are being taken to address the recent petrol shortages reported in parts of...

Fuel shortage hits Yendi and Damongo, residents appeal for swift intervention

Yendi and its surrounding areas in the Northern Region are grappling with a severe fuel shortage that has caused significant disruptions to daily activities...

2025 budget will test Mahama’s push for private sector partnership – Dalex Finance CEO

The Chief Executive Officer of Dalex Finance Joe Jackson has stated that the 2025 budget will demonstrate President John Mahama’s commitment to partner with...

Government to borrow GH₵200 Billion from treasury bill market in 2025

The government is projected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, marking a decrease from the estimated GH₵220 billion...

John Jinapor orders ECG to suspend supply payments

The Energy Minister-Designate, John Jinapor, has issued a strong directive to the Electricity Company of Ghana (ECG), ordering an immediate suspension of all payments...

GUTA optimistic about government addressing business concerns

The Ghana Union of Traders Associations (GUTA) has expressed hope that the new government will address the genuine concerns of the business community. The Union...

Government to borrow GH¢200bn; fixed income market to bounce back strongly

The government will borrow about GH¢200 billion from the treasury market in 2025. This is below the 2024 estimate of GH¢220 billion in 2024, translating...

Ghana is 2nd most indebted African country to IMF in terms of Concessional Lending

Ghana is the second most indebted country to the International Monetary Fund in Africa in terms of Concessional Lending and Debt Relief Trust. The country’s...

Maintain E-Levy to support Women’s Development Bank, SMEs – GUTA tells Mahama

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has urged President John Dramani Mahama to reconsider his decision to...

Government misses 2024 inflation target as December rate rises to 23.8%

The government has fallen short of its 2024 year-end inflation target of 15%, as inflation for December 2024 rose to 23.8%, up from 23.0%...

Accra is 5th most expensive city in Africa in terms of rent

Accra is the 5th most expensive city in Africa in terms of rent, according to Numbeo. Accra’s rent index of 12.0 also placed it 230...

Exit of multinational firms due to high inflation, currency weakness – Deloitte

Professional services firm, Deloitte, has revealed that the exit of multinational companies in Nigeria and Ghana is due to rising inflation, dollar illiquidity and...

Bank of Ghana: List of FX Brokers authorised to operate on the Ghana Interbank FX Market

The Bank of Ghana (BoG) has announced the authorized FX brokers permitted to operate in the Ghana Interbank Forex Market for the calendar year...

Ghana’s economy rebounding impressively – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has highlighted Ghana’s impressive economic recovery, pointing to key growth indicators as proof of progress. In his final New Year...

BoG Governor, 2 Deputies receive awards at National Honours Ceremony

The Governor of the Bank of Ghana, Dr. Ernest Addison and his two deputies, Dr Maxwell Opoku-Afari (First Deputy Governor) and Elsie Addo Awadz...

NDC gov’t must consolidate all taxes imposed on us – Ghana Hotels Association

The Ghana Hotels Association says it will push the incoming NDC government to consolidate all taxes imposed on its members. President of the Association, Dr...

GACL details McDan Company’s indebtedness, insists on settlement

The Ghana Airports Company Limited (GACL) has reaffirmed its commitment to recovering debts owed by companies operating at the Kotoka International Airport, including what...

McDan breaks silence on closure of private jet terminal

The management of McDan Group has expressed disappointment in the Ghana Airports Company Limited (GACL) over the shutdown of its Private Jet Terminal over...

GACL shuts down McDan Aviation Private Jet Terminal over $3 Million debt

The management of the Ghana Airports Company Limited (GACL) has shut down the McDan Aviation Private Jet Terminal due to an outstanding debt exceeding...

Dr. Nick Danso Adjei conferred with the grand medal award by the State

Ghana Link Network Services Limited proudly announces that its Executive Chairman, Dr. Nick Danso Adjei, has been conferred the prestigious Grand Medal Award by...