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Indian-based firm to operate Komenda sugar factory under long-term lease

The government has announced plans to lease the Komenda Sugar Development Company Limited to West Africa Agro Limited, an Indian-based firm, for a renewable...

Ambulance after-sales service: Service Ghana Auto reacts to “utterly false” allegations

Service Ghana Auto Group Limited (SGAGL) has strongly refuted allegations about its after-sales service and maintenance contract for 307 ambulances, describing the claims as...

Ghana CEO Awards honors Dr. Nick Danso Adjei with dual recognition

Executive Chairman of Ghana Link Network Services Limited, Dr Nick Danso Adjei has been awarded two prestigious titles at the third edition of the...

BoG acted rightly in disapproving Smith-Graham’s appointment as UMB Board Chair – Court

The High Court presided over by Justice Nana Brew dismissed an application for judicial review filed by George Smith-Graham, a former director of UMB...

BoG’s independence should remain a priority – IMF to government

The International Monetary Fund (IMF) wants the adoption by Cabinet of the amendments to the Bank of Ghana Act to remain a priority to...

Forex Bureaux to verify Ghana Cards, Passports before transactions effective August 1

The Bank of Ghana has announced an update to its foreign exchange trading system, introducing a centralised platform aimed at ensuring the integrity and...

BoG’s forex trade measures won’t yield results in stabilizing cedi – Bokpin

Economics Professor, Godfred Bokpin is warning that the new measures by the Bank of Ghana (BoG) to clamp down on black market operators in...

Prof Bokpin questions government’s claims of recovery amidst growing hardships

A finance and economics expert at the University of Ghana, Professor Godfred Bokpin, has questioned the government over the real magnitude and impact of...

BoG launches centralised forex exchange platform

The Bank of Ghana (BoG) has unveiled a centralised foreign exchange trading platform. In a statement signed by the Secretary to the Bank of Ghana,...

Fuel prices to fall between 2% and 4% in coming days – IES

The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1,...

Akufo-Addo launches Aquaculture for Food and Jobs programme

In a groundbreaking event held on Tuesday, July 30, 2024, at Nsuaem in the Central Region, President Nana Addo Dankwa Akufo-Addo unveiled the Aquaculture...

Nestlé Ghana delights loyal customers with exciting rewards in inaugural ‘Nido Obatanpa Mo’ promotion

Nestlé Ghana Limited has expressed its gratitude to loyal consumers through the highly anticipated 'Nido Obatanpa Mo' grand draw. This promotion is a token of...

Change your business models to reduce NPLs – BoG to savings and loans companies

The Bank of Ghana is advising savings and loans companies across the country to reassess their business models. Head of Banking Supervision Department at the...

Government to review some tax handles to improve investment climate – Deputy Finance Minister

A Deputy Minister of Finance in-charge of revenue, Dr. Alex Ampaabeng, has indicated that the government is reviewing some tax handles to improve Ghana's...

Total value of mobile money transactions for half-year 2024 hits GH¢1.234trn

The total value of mobile money transactions for the first half of 2024 crossed the GH¢1.0 trillion mark to hit GH¢1.234 trillion, about 43.57%...

Ensure sustainability of Atlantic Lithium operations – Deputy Lands Minister to stakeholders

The Deputy Minister for Lands and Natural Resources responsible for Mines, George Mireku Duker has called on all mining stakeholders and traditional authorities to...

Finance Minister to grace inaugural National Sales Leaders Conference in Accra

The Minister of Finance, Dr. Mohammed Amin Adam, will grace the inaugural National Sales Leaders Conference (NSLC) as the special guest of honour on...

Rising oil import costs put depreciation pressure on cedi; dollar now at GH¢15.88

After a stable performance the previous week, the Ghanaian cedi faced losses last week due to renewed corporate demand pressures. The local currency declined by...

Parliament passes Shippers’ Authority Bill into Law

Parliament has passed the Ghana Shippers' Authority Bill, 2024, into law on Monday, July 29 following its successful 3rd reading on the floor of...

AU endorses Akufo-Addo’s proposal for increased mobile money interoperability across Africa

The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa. The proposal, considered a crucial step toward...

IMF, Ethiopia reach deal for $3.4 billion in financing

Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday. Ethiopia's central...

Cedi volatility, utility tariffs, and fuel price hikes are risks to inflation

Recent exchange rate pressures, upward adjustments in utility tariffs, and increases in fuel prices have posed risks to inflation that remain slightly tilted to...

Alberta Nana Akyaa Akosa named South America’s Rally Mulheres do Agro Ambassador

Agribusiness advocate, intervener, initiator, and Founder of the Agrihouse Foundation, Alberta Nana Akyaa Akosa, has been honored as the first-ever African South America's Rally...

Exorbitant charges on imported goods to blame for bribery at borders – GUTA President

The President of the Ghana Union of Traders' Associations (GUTA), Joseph Obeng, is calling for a downward review of taxes on imported goods as...

UCS Facility MD honoured at National Governance and Business Leadership Awards

The Managing Director (MD) of UCS Facility Management Ghana Limited, Yaa Dansowaa Ampofo, has been recognised as the Exemplary Business Leader of the Year...

Banking industry’s NPLs surged to 24.1% in June 2024

The banking industry’s Non-Performing Loans (NPLs) ratio surged to 24.1% in June 2024, up from 18.7 percent in June 2023. According to the Bank of...

MoMo transactions drop in June despite increase in account registrations

The Bank of Ghana (BoG) has reported a notable decline in mobile money (MoMo) indicators for June 2024. According to data from the central bank,...

Ghana Business and Corporate Awards 2024: Nominations now open

The Ghana Business and Corporate Awards 2024 has officially opened its doors for nominations! This prestigious awards scheme, with the theme "Celebrating The Achievements Of...

Taxes straining Ghanaians, COVID-19 levy should be scrapped – Franklin Cudjoe

Founder and President of IMANI Africa, Franklin Cudjoe, has criticized the government for retaining the COVID-19 levy despite strong calls from the business community...

Ghana has not been prudent in borrowing – Bokpin

Professor of Finance at the University of Ghana, Godfred Bokpin, says the government has not demonstrated effective management of the funds it has borrowed...

GH¢10.5bn loss in 2023 not solely due to new head office construction – Bank of Ghana

The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of ₵10.5 billion...

MTN Ghana announces 80% completion of nationwide network upgrade

MTN Ghana today announced that it has completed 80% of its planned network upgrade across the country, which commenced in June 2024 and expected...

There has not been any payment on the LC – BOG on Spare part service contract

The Bank of Ghana (BoG) has clarified that it has not disbursed any payments related to the $34.9 million ambulance spare parts deal. This is...

Data prices likely to reduce by end of 2024 – NCA

The National Communication Authority (NCA) has assured the public that data prices will reduce by the last quarter of the year. This announcement follows widespread...

BoG defends continued new head office project amidst ₵10.5 billion Loss

The Bank of Ghana (BoG) has justified its decision to continue the construction of a new head office despite incurring a significant loss of...

Parliament approves first of numerous tax waivers previously blocked by Finance Committee

Parliament has approved the first in a series of tax waivers that had previously been blocked by the Finance Committee. The MP for Obuasi West...

Consumer, business confidence softens, but economic activity surges – BoG

Latest confidence surveys by the Bank of Ghana indicates some softening of consumer and business sentiments. These findings, according to the Bank of Ghana were...

Ghana reserves position remains strong; trade surplus increased to $1.805bn in June 2024

Ghana's gross international reserves position remained strong in the first half of 2024. According to the Bank of Ghana, the stock of Gross International Reserves...

Electrochem, Ada impasse: Committee condemns lawless activities against project

The Committee on Mines and Energy, and Lands and Forestry having thoroughly considered the submissions from all the stakeholders on the operations of Electrochem...

Herbert Krapa commissions largest rooftop solar in Africa

The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s single largest rooftop photovoltaic solar plant that produces 16.8 megawatts...