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Cocoa shortage forces shutdown of Ghana cocoa processors

Some cocoa processors in Ghana are said to have halted operations due to an acute shortage of cocoa beans, Cocoa Post has disclosed. According to...

VAT on electricity: Complete scrapping not the best – Energy expert replies TUC

Energy expert, Kojo Opoku has reacted to government's decision to impose a 15 percent Value Added Tax (VAT) on electricity consumption. Speaking on Adom FM's...

Inflation to fall to 22.4% in January 2024 – Report

Inflation is expected to decline to 22.4% in January 2024 from 23.4% in December 2023, IC Research has predicted in its latest report. According to...

Fitch predicts favourable outlook for Ghana’s banking sector

Rating agency, Fitch, is predicting a favorable outlook for banks operating in Ghana in 2024. This follows the successful conclusion of the domestic debt exchange...

Nana Appiah Mensah pulled gun on us when we demanded our interest – Witness tells court

The fifth prosecution witness in the trial of Nana Appiah Mensah, aka NAM1, has testified that after investing GH¢760,000 in Menzgold, the accused assaulted...

Cedi loses 2.2% in value to dollar since January 2024; one dollar going for GH¢12.43

The Ghana cedi has lost 2.2% in value to the dollar since January 2024. This is despite the existence of the International Monetary Fund (IMF)...

Bond market: Turnover increased sharply by 48.47% week-on-week to GH¢1.24bn

Trading activity improved on the secondary bond market last week as week-on-week turnover increased sharply by 48.47% to GH¢1.24 billion. Trading activity concentrated more at...

GRA begs Akufo-Addo over SML deal

The Ghana Revenue Authority (GRA) has appealed to President Nana Akufo-Addo to allow Strategic Management Ghana Limited (SML) continue its operations, pending KPMG's report....

We are on course to bring down inflation drastically – Governor

The Governor of the Bank of Ghana, Dr. Ernest Addison, has expressed his outfit’s expectation for inflation to ease further, saying, the Central Bank...

T-bills auction: Interest rates down for 3rd consecutive week; achieves 72% oversubscription

Interest rates took a nose dive for the 3rd consecutive week-running in 2024, the day the International Monetary Fund approved the first review of Ghana’s...

GEA, Mastercard Foundation partner to Empower 250k young Ghanaians through BizBox Program

The Ghana Enterprises Agency (GEA) and the Mastercard Foundation on Monday, January 22, started a sensitization campaign for the groundbreaking Business in a Box...

Government’s incessant taxes state-sponsored robbery – Prof Bokpin

Economist and Professor of Finance, Prof Godfred A. Bokpin, has stated that the government's incessant imposition of taxes is a lazy approach to raising...

Mobile Money fraud continues unabated; is Ghana Card helping?

In the relentless battle against the rising tide of mobile money fraud, the government's mandate to link SIM cards with Ghana Cards was hailed...

Functional private sector participation key to AfCFTA success – Akufo-Addo

President Akufo-Addo has reiterated calls for effective private sector-led participation to ensure the success of the African Continental Free Trade Area (AfCFTA). Speaking at...

‘I am fully committed to fiscal discipline in 2024 election year’ – Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has expressed his personal commitment to fiscal discipline, assuring he will avoid budget overruns in 2024, ahead of the...

75% of firms perceive corruption as biggest bane to business operations – UKGCC 2023 Business Survey

Corruption, which was the topmost poorly rated component in 2022 continues to be the component that requires the most attention this year, the UK...

Successful IMF board meeting will lead to disbursement of second tranche to Ghana- John Kumah

Deputy Finance Minister Dr. John Kumah asserts that Ghana's economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a...

Govt must invest IMF fund into productive activities not consumption – ISSER Director

The Director of the Institute of Statistical Social and Economic Research (ISSER), Prof Peter Quartey, has highlighted the importance of strategic investment in productive...

‘Ghana Beyond Aid’ but begging for debt relief

In a surprising turn of events, Ghana, a country that once championed the vision of "Ghana Beyond Aid," finds itself entangled in a web...

Ghanaians react to GRA’s pursuit of Cheddar over GH¢7 million tax debt

Ghanaians on social media have reacted to reports that, the Ghana Revenue Authority (GRA) has slapped leader of the New Force, Nana Kwame Bediako...

Cement manufacturers urged to publish recommended retail prices

The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have reached an agreement to publish the suggested distribution...

Agbeve Herbal Centre appoints Anertey Abbey as new Sales and Marketing head

Agbeve Herbal Centre has announced the appointment of Anertey Kwao Abbey as its new Head of Sales and Marketing. Mr Abbey's appointment takes effect from...

Trade Minister engages cement manufacturers over rising prices         

The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have agreed to periodically hold consultative meetings with industry...

NCA outdoors 5-year strategic plan starting from 2024

The Communications Minister, Ursula Owusu-Ekuful, has launched the National Communications Authority (NCA) Five-Year Strategic Plan (2024-2028) at the NCA Tower on Tuesday, January 16,...

Credit card, romance fraud remain most prevalent cybercrime in Ghana – 2023 Fintech Report

Cyber fraud, such as credit card fraud, identity fraud, or romance fraud, remains the most prevalent form of cybercrime in Ghana, the 2023 Ghana...

Commercial transport fares to go up by 30% on this date

Commercial Transport Operators in Ghana have declared a 30 per cent increase in transportation fares nationwide, starting from Monday, January 22. The operators justified this...

Ghana’s economic programme beginning to bear fruit – IMF boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that Ghana's economic policies under its programme are beginning to yield...

Ghana will reengage international bondholders next week, says Finance Minister

Ghana will reengage with its international bondholders from next week, finance minister Ken Ofori-Atta told Reuters on Monday, as the country seeks to build...

IMF bailout: Political risk analyst optimistic about Ghana securing 2nd tranche

Economist and political risk analyst, Dr Theophilus Acheampong is optimistic about Ghana securing the second tranche of funds from the International Monetary Fund (IMF). The...

Ghana, Zambia to emerge from foreign-currency debt default in 2024 – Fitch

Rating agency, Fitch, expects Ghana and Zambia to emerge from default on their foreign-currency debt in 2024. In its Regional Sub-Saharan African Sovereigns Outlook...

Two GTPCWU executives interdicted over TOR-Torentco deal

https://youtu.be/zv70RI-WC40?t=980 Two executives of the General Transport Petroleum Chemical Workers Union (GTPCWU) have been interdicted over the controversial deal between the Tema Oil Refinery(TOR) and...

Diesel, LPG prices to go down – COPEC

The prices of diesel and Liquefied Petroleum Gas are expected to go down beginning tomorrow, January 16, 2023, the Chamber of Petroleum Consumers has...

Government to spend GH¢119.62bn on compensation and interest payments in 2024

The government will spend about GH¢119.621 billion on wages and salaries as well as interest payments in 2024. According to the 2024 Citizens Budget by...

GTPCWU threatens industrial strike

The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has announced its intention to embark on series of actions. This move comes in the...

We can’t wait to vote NPP out – Abossey Okai Spare Parts Dealers

Some Spare Parts Dealers in Abossey Okai are expressing dissatisfaction with the government, citing concerns about the adverse impact of newly implemented taxes on...

IMF reschedules board meeting on Ghana’s programme to January 19

The International Monetary Fund (IMF) has rescheduled its Executive Board meeting to review Ghana’s programme and approve some $600 million for the country to...

Power crisis: All plants are running at full capacity – Deputy Energy Minister

Deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that all power plants in Ghana are currently running at full capacity to ensure a stable...

Dangote Petroleum Refinery starts production

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel.   President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu...

I welcome debt treatment agreement between Ghana and OCC – IMF Boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the debt treatment agreement between Ghana and the Official Creditor Committee,...

Ginger, chilli farmers in Ahafo Region get relief

Ginger and chilli pepper are the two main commodities highly produced in the Ahafo Region, one of the smallest regions in the country. Several farmers,...