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Ghana’s economic reforms show progress – IMF

The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of...

I’m surprised at NPRA’s clearance for SSNIT hotels’ sale – Abraham Koomson

The General Secretary of the Ghana Federation of Labour of the Trade Union Congress (TUC), Abraham Koomson, has expressed his disbelief over the National...

Illegal SIM card business booms – Vendors, fraudsters main culprits

An underground economy centred around the illicit sale and use of pre-registered Subscriber Identity Module (SIM) cards is gradually expanding across the country. Checks by...

Persons implicated in financial sector cleanup not fit to hold positions – BoG

The Bank of Ghana has indicated that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of...

Atlantic Lithium suspends work at Ewoyaa project following fatal accident

Atlantic Lithium has suspended operations at its Ewoyaa lithium project in the Central Region following a fatal accident earlier this week. The Australian company has...

Wood shortage looms as 75 out of 100 local timber manufacturing companies collapse

Ghana is at risk of spending millions of cedis on timber imports as 75 out of 100 local timber manufacturing companies have collapsed due...

SIAT Group consolidates edible oil subsidiaries under Presco PLC in new expansion strategy

Leading agro-industrial group, SIAT Group (Societe d’Investissement pour l’Agriculture Tropicale NV), has announced the consolidation of its edible oil businesses in Nigeria and Ghana...

L.I on cement pricing will not hurt manufacturers – Government

The Government has challenged claims that the new Legislative Instrument (LI) on cement pricing is anti-business and will hurt manufacturing firms in Ghana. The Government...

BoG to auction $120m to BDCs in quarter 3, 2024

The Bank of Ghana would auction $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2024. This will be same as...

Forward sales strategy of cocoa beans aimed at reducing price risks – COCOBOD

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) Joseph Boahen Aidoo has explained that, the forward sales strategy of cocoa beans is...

Newmont warns public against fraudulent recruitment schemes

Newmont Corporation's Africa Business Unit has warned the public about fraudulent recruitment schemes targeting job seekers with non-existent employment opportunities within its operations in...

Fish from Ghana to face EU ban due to illegal fishing methods

A Senior Lecturer at the Department of Marine and Fisheries Science at the University of Ghana, Dr. Angela Lamptey has cautioned that Ghana could...

Introducing new taxes in Mid-year Budget Review will kill private businesses -Prof. Quartey warns

Economist, and Director of the Institute of Statistical Social and Economic Research (ISSER), Prof. Peter Quartey has cautioned that introducing new taxes in the...

Cedi continues stability against dollar; One dollar goes for GH¢15.95

The Ghana cedi is expected to remain stable against the US dollar this week as foreign exchange (FX) liquidity improves and demand slows. This follows...

Sachet and packaged water producers demand suspension of 5% Excise tax

The National Association of Sachet and Packaged Water producer (NASPAWAP) is calling on the government to suspend, indefinitely, the imposition of 5% Excise tax...

Sale of SSNIT Hotels: Your son’s bid was never opened – Osafo Marfo to Freddy Blay

The Director General of the Social Security and National Insurance Trust (SSNIT), Kofi Bosompem Osafo-Maafo has denied claims by the former National Chairman of...

Packaged water producers urge govt to suspend 5% excise tax

The National Association of Sachet and Packaged Water Producers (NASPAWAP) has joined forces with plastic manufacturers in urging the government to indefinitely suspend the...

Bawumia proposes mobile money as common payment system in Africa

The Vice President and flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has proposed the adoption of mobile money as a common...

Ghana ranked 5th in Africa with highest lithium deposits

Lithium development projects are expected to grow in Africa, as Ghana was ranked 5th on the continent with the highest lithium deposits. According to Fitch Solutions,...

No need for single currency in Africa, MoMo interoperability the best option – Bawumia

Vice President, Dr Mahamudu Bawumia is advocating for a policy shift away from the pursuit of a single currency for African countries. According to him,...

GSA Pricing Cement Regulation 2024 will not be withdrawn – Majority Leader

The Majority Leader of Parliament, Alexander Afenyo-Markin has said the ‘Ghana Standards Authority Pricing of Cement Regulation 2024’ will not be withdrawn. On Tuesday, Mr...

COCOBOD cautions cocoa farmers to refrain from using inappropriate weedicides

The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has warned cocoa growers against using unsuitable weedicides on their crops. Speaking at...

Next government to inherit heavy debt burden – Terkper

A former Finance Minister Seth Terkper has sounded an alarm over the heavy debt burden that awaits the next government in 2024. Speaking on a...

Ghana to host inaugural Electric Revolution Africa E-mobility conference

Ghana will host the first-ever Electric Revolution Africa (ERA) E-Mobility Conference in Accra. The conference, organized by the Energy Quest Foundation in partnership with the...

COCOBOD secures $100m World Bank support for cocoa rehabilitation

The Ghana Cocoa Board (COCOBOD) has secured a US$100 million financing facility from the World Bank to rehabilitate old farms across six cocoa-growing districts...

Global Affairs Canada and Agrihouse foundation empower women in Agriculture

Global Affairs Canada has partnered with Agrihouse Foundation for the sixth consecutive year for the Women in Food and Agricultural Leadership Training Forum (WOFAGRIC)...

GIPC CEO defends removal of capital requirement for foreign businesses

The Chief Executive of the Ghana Investment Promotion Centre (GIPC), Yofi Grant has defended the centre’s recent decision to abolish the capital requirement for...

Minority threatens another demo against BoG Governor

The Minority in Parliament has threatened another massive demonstration against the Bank of Ghana (BoG) Dr. Ernest Kwamina Yedu Addison over what they describe...

GUTA demands immediate withdrawal of 5% excise tax on plastic manufacturers

The Ghana Union of Traders Association (GUTA) has called for the immediate removal of the newly imposed 5% Excise Tax on plastic manufacturing companies. The...

Speaker urges Trade Minister to withdraw cement prices L.I

The Speaker of Parliament, Alban Bagbin has advised the Trade Minister, Kobina Tahir (K.T) Hammond to withdraw the controversial Legislative Instrument (L.I) seeking to...

Licences of cement manufacturers who fail to comply with L.I to be revoked – Prof Dodoo

The Cement Manufacturing Development Committee is determined to take action against manufacturers who fail to comply with pricing requirements provided in the Trade Ministry’s...

It is criminal to add unacceptable products when manufacturing cement – GSA boss

The Director General of the Ghana Standards Authority (GSA) Professor Alex Dodoo has issued a stern warning to cement manufacturers engaging in unsafe practices. Prof...

Tell Ghanaians why you couldn’t account for over $11bn of remittances – BoG told

Banking Consultant, Dr Richmond Atuahene has insisted that the Bank of Ghana is under-reporting forex inflows from inward remittances, leaving over $11 billion unaccounted...

Government to require $600m-$800m for external debt service in 2024

The Government of Ghana would require between US$600.0 million and US$800.0 million for external debt service in 2024. Out of this, an estimated US$477.0 million...

Cement manufacturers contemplate appealing to EMT over L.I to regulate prices

The conflict over cement price regulation is escalating as manufacturers consider seeking intervention from the Economic Management Team (EMT). Dr Dawson Amoah, President of the...

Minority allows L.I. on cement pricing to be laid in Parliament

Trade Minister, K.T Hammond's controversial proposed Legislative Instrument (L.I) to regulate the cement pricing has been laid in Parliament. It is expected to become law...

BoG refuses to disclose full cost of its new head office building to Ayariga; directs him to PPA

The Bank of Ghana (BoG) has declined to reveal the full cost of its new head office building to Bawku Central Member of Parliament,...

Trade Minister to lay cement price L.I after manufacturers boycotted meeting

Trade and Industry Minister, Kobina Tahir (K.T) Hammond is poised to present a legislative instrument before Parliament aimed at regulating cement prices. This is despite...

Fuel prices go up, diesel inches towards GHȼ15 per litre

Some oil marketing companies (OMCs) have started increasing fuel prices at the pump with the onset of the first pricing window in July. According to...

Prosecute persons implicated in banking sector clean up – BoG Governor to govt

The Governor of the Bank of Ghana, Dr. Ernest Addison, has called on the government to take decisive action against shareholders of banks and...