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Sunon Asogli acted in bad faith by shutting down – Amin Adam

Minister of Finance, Dr. Mohammed Amin Adam, says Sunon Asogli Power Limited acted in bad faith by shutting down its operations. Addressing the press at...

Ghana secures $260M World Bank agreement to address energy sector inefficiencies

Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in...

Ghana signs $260m Energy Sector Recovery facility with World Bank

Ghana has signed a $260 million Energy Sector Recovery Programme facility with the World Bank to boost the sector’s recovery and financial stability. The agreement,...

BoG amplifies Africa’s fiscal policy support from IMF, World Bank

Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has called for increased support for reforms by the International Monetary Fund (IMF) and...

Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed. In its World Economic Outlook, it...

2024 elections will not cause panic withdrawals – GAB allays fears

The Ghana Association of Banks (GAB) says the upcoming elections will not have any impact on deposits in the financial sector. The GAB has ruled...

Cola nut price surge threatens business in Tamale

Cola nut business is facing a critical challenge as dwindling supplies and skyrocketing prices are threatening both traders and consumers in Tamale, the Northern...

GRA intensifies tax mobilization mechanism to achieve revenue targets

The newly-appointed Commissioner of the Customs Division at the Ghana Revenue Authority (GRA), Brigadier General Zimbrim Bawah Ayarroga, has issued a stern warning that...

IMF revises Ghana’s growth target to 4 percent for 2024

The International Monetary Fund (IMF) has revised Ghana’s growth rate for 2024 to 4 percent from 3 percent. The Director of the African Department, Abebe...

Bank staff lifestyle audits vital to fraud prevention – John Awuah

The CEO of the Ghana Association of Bankers, John Awuah, has opened up about the importance of lifestyle audits as a key preventive measure...

IMF warns world to avoid global trade war

The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...

DDEP saved Ghana about $12bn – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam, revealed that the successful execution of the Domestic Debt Exchange Programme (DDEP) has saved Ghana an impressive...

Women must be encouraged to use bank accounts, not just open them – 2nd Dep. Governor of BoG

The Second Deputy Governor of the Bank of Ghana (BoG) Elsie Addo Awadzi has underscored the need to intensify Gender Inclusive Finance to encourage...

350K jobs created from coconut industry since 2017

The government has created more than 350,000 jobs through the coconut value chain in the last seven and half years. The employment was generated through...

Decline in oil production threatens survival of oil companies in Ghana – PIAC warns

The Public Interest and Accountability Committee (PIAC) has highlighted that the most immediate consequence of declining oil production is a reduction in revenue from...

Ahead of new academic year: Traders switch to educational materials

Most traders in the central business district (CBD) of Accra have switched over to the sale of educational materials about a week to the...

Ghana lost over GH₵4.9bn to financial irregularities in 2023 – IMANI Africa

Ghana recorded financial losses exceeding GH₵ 4.9 billion in 2023 due to irregularities within public institutions, according to a report released by policy think...

MIIF chair urges immediate overhaul of boardroom compensation

At the recent Boardroom Summit, where over 1,000 of the nation’s top CEOs, policymakers, and executives gathered, Professor Douglas Boateng, Chair of the Minerals...

Springfield starts Afina Well appraisal

Springfield Exploration and Production Limited has started appraising Afina-1x Well at the West Cape Three Points (WCTP) Block 2 offshore, barely three months after...

Next of Kin of a deceased bank account holder is not automatic beneficiary – BoG

Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not...

Cedi resumes depresciation as demand for dollar surges; one dollar equals GH¢16.40

The Ghana cedi lost a marginal value to the US dollar increasing its year-to-date loss to about 26%. This was due to the heightening of corporate demand...

Financial experts advise SMEs, startups to seek sustainable and flexible financing solutions

Small and medium-sized enterprises, especially those in the fields of Science, Technology, Innovation and Research (STIR), have been advised to turn to cheaper and...

Budget shortfalls to be substantial in Ghana, Nigeria – Fitch Solution

Budget shortfalls will be substantial in Ghana, Uganda and Nigeria, Fitch Solutions has revealed in an article. Dubbed “Return To International Capital Markets Belies Persistence...

EOCO honours former and current heads for distinguishing themselves

The Economic and Organised Crime Office (EOCO), has honoured some former and current heads of the organization for distinguishing themselves in line of duty. At...

We will revamp the private sector to create more jobs under our apprenticeship program – NDC PC for Nhyieaso

The next NDC government will make sure the national apprenticeship program will support the youth who are interested in skilled training and equip them...

Weta rice farmers Association launches to revolutionize rice farming in Ketu North

The Weta Rice Farmers Association of Ghana in the Ketu North District of the Volta Region, has officially launched with a bold mission to...

NLA commissions refurbished ultra-modern Brennan Hall

For decades, the National Lottery Authority (NLA) has entertained, thrilled, and enriched fans, patrons, and viewers with its exciting Games and Draws. From its first...

T-bills auction: Government records marginal oversubscription; interest rates rise

The government recorded a marginal oversubscription of treasury bills auction. However, this came at the expense of a rising interest rate According to the auction results...

Eloquent Marketing Agency launches whatsApp wholesale for businesses in Ghana

A subsidiary of Eloquent Marketing Agency, Eloquent Digital, has introduced its newest innovation, WhatsApp Wholesale, a bulk messaging platform designed to help businesses in...

Togo suspends Russian ride-hailing app Yango

Togo's transport ministry suspended the ride-hailing app Yango owned by Russia's tech giant Yandex, over security concerns just months after it began operating in...

Ghana Association of Banks offers 7 proposals to tackle fraud in the financial industry

The Ghana Association of Banks (GAB) has rolled out a set of measures to bolster the banking sector’s defenses against increasingly complex fraud schemes. This...

NEIP unveils ambitious Bawumia agenda for youth

The National Entrepreneurship and Innovations Programme-NEIP has unveiled a project targeted at creating 120,000 jobs after training 100,000 in skill areas. The programme dubbed Skills...

IIP release: Industry sector grows by 8.2 percent in Q2 of 2024

The Year-on-Year change in the Index of Industrial Production (IIP) for the second quarter (Q2) of 2024 grew by 8.2 percent, data from the...

Fuel price increase: Petrol at GH₵14.49, diesel going for GH₵14.90

More Oil Marketing Companies (OMCs) have increased prices of petroleum products at their various service stations in the country. Allied Oil took the lead on...

NPA announces new price floor for petroleum products

The National Petroleum Authority (NPA) has announced a new Price floor for the second pricing window, from 16th -31st October 2024. The authority has...

Sunon Asogli shutdown may force Ghana to import more power – IES

The Institute for Energy Security (IES) has cautioned that the government may soon be forced to increase power imports to stabilize the country’s energy...

Dry spell: Agric Minister denies claims of GH¢3,000 payouts to farmers

Agriculture Minister, Bryan Acheampong has denied claims that the government is distributing GH¢3,000 to 800,000 farmers in Ghana's northern regions affected by the recent...

Stakeholder talks ongoing for PURC-Energy Commission merger – Herbert Krapa

The Minister of State at the Ministry of Energy, Herbert Krapa, has announced that stakeholder consultations are underway to finalise the proposed merger between...

Ghana’s cocoa exports set to crash below $2 billion this year – lowest in 14 years!

Ghana, the world’s second-largest cocoa producer, is at risk of seeing its cocoa export earnings crash below the $2 billion mark in 2024—the lowest...

Fitch assigns Ghana’s new dollar bonds at CCC+

Fitch Ratings has assigned Ghana's new US dollar bonds, issued on 9 October 2024, a 'CCC+' rating. Fitch also has upgraded Ghana's Long-Term Local-Currency (LTLC)...