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Fuel prices to remain unchanged for next two weeks – IES

Fuel prices will remain unchanged in the first two weeks of September 2023. According to a projection by the Institute for Energy Security, this is...

Admission World Consult wins big at Ghana Business Standard Awards

The 2023 edition of the Ghana Business Standard Awards was held last Friday at the Movenpick Ambassador Hotel in Accra. The awards ceremony was on...

MTN Ghana Foundation supports 140 businesses

MTN Ghana Foundation has shortlisted a total of 140 micro and small enterprises to benefit from MTN Ghana Foundation’s Enterprise Support Programme for the...

Oil prices to stabilise around $84 per barrel in 2023 – Fitch Solutions

Oil prices are expected to stabilise at around $84 per barrel for the rest of the year. According to Global Economist, Emerging Markets at Fitch...

Some Ghanaians praise SSNIT for introducing self-employed pensions

A section of the public who are doing their personal businesses say, the Self-Employed social security initiative introduced by Social Security and National Insurance...

GRA takes tax enforcement drive to night market economy

The Preventive and Enforcement Unit of the Ghana Revenue Authority and the Ghana Police Service will be taking the tax enforcement drive to the...

IPPs confirm receipt of payment from ECG

The Independent Power Generators Ghana has confirmed receipt of payment from the Electricity Company of Ghana as part of the commitment made on June...

Scrap E-levy if it’s not generating enough revenue – Duffour

Former Finance Minister, Dr Kwabena Duffuor, has suggested that the Akufo-Addo government should scrap the Electronic Transfer Levy (E-Levy) if it is not generating...

$2bn debt: ECG settles June, July payments to IPPs

Citi News has gathered that the Electricity Company of Ghana (ECG) has settled debts to all Independent Power Producers (IPPs) for the months of...

IES Ghana sends important message to PURC over tariffs increment

The Executive Director of the Institute of Energy Security (IES), Nana Amoasi VII, has said the Public Utilities and Regulatory Commission (PURC) cannot pick...

Govt to establish a neutral shared infrastructure company to deliver nationwide 4G, 5G services

Minister for Communication and Digitalisation, Ursula Owusu-Ekuful, has indicated that government has approved the establishment of a neutral shared infrastructure company to deliver nationwide...

Cedi to exhibit mixed performance against dollar this week

The Ghana cedi will continue to exhibit mixed performance this week against the major foreign currencies as renewed corporate demand surges. This is coming after...

5-year performance of GCB equity on the Ghana Stock Exchange

Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all...

Full text: BoG Governor’s special press conference on 2022 loss and new Head Office

Good Morning Ladies and Gentlemen of the Media.  Welcome to this special press briefing, which has been necessitated by recent developments following the publication of...

Menzgold makes u-turn on GH¢650 verification card sale

Menzgold Ghana has announced the cancellation of a paid customer validation process in its efforts to facilitate the processing of payments for its aggrieved...

We are coming for you – GRA cautions businesses that are VAT non-compliant

The Ghana Revenue Authority (GRA) has reiterated its commitment to clamp down on businesses that use dubious means to evade taxes. According to the Authority,...

BoG denies procurement breaches in construction of new headquarters

The Bank of Ghana (BoG) has denied breaching the procurement laws in the construction of its new headquarters located at Ridge in the Greater...

GRA closes down shops, arrests managers for tax non-compliance 

The Ghana Revenue Authority (GRA) has arrested managers of some hardware and general merchandise shops in the Weija-Kasoa enclave in the Greater Accra and...

Vodafone cash subscribers to benefit from new partnership with Remitly

Vodafone Cash has announced a strategic partnership with Remitly Inc., a Seattle-based international money transfer company recognized on the Top 100 Cross-Border Payment Companies...

NPP applauds ECOWAS verdict; Agyapa Royalties deal legitimate

The New Patriotic Party (NPP) Communications Director, Mr Richard Ahiagbah, has emphatically asserted the innocence of the government following the ECOWAS Community Court of...

Mahama speaks on 10% tax on betting [Video]

Ex-President John Dramani Mahama has touched on the ruling New Patriotic Party (NPP) imposing a 10 per cent tax on betting (cash-outs) in Ghana....

Blossoming futures: The remarkable journey of the Ghana garden and flower show

In the bustling city of Accra, a seed was planted in the year 2013. A seed that would grow into a movement, a beacon...

Ghana’s 2022 imports exceeded exports by GH₵‎4.5bn

Ghana faced a notable trade imbalance in 2022, as indicated by the inaugural Trade Vulnerability Report from the Ghana Statistical Service. The report reveals that...

BoG’s role in Debt Exchange Programme defended amid GH¢60bn losses

The Director of Research at the Institute of Economic Affairs (IEA) has defended the Bank of Ghana (BoG) against undue blame for its participation...

Petrol to sell at GHS12.97, diesel GHS13.43 per litre within 48hrs – COPEC

The Chamber of Petroleum Consumers (COPEC) is predicting that fuel prices may go up by 5.7% within the second pricing window of  August 2023...

Bank Commercial Paper as an alternative to T-Bills as latter faces possible re-structuring

It is imperative that government reduces yields (interest rates) on T-Bills, given the country’s current precarious economic situation, this is no time for the...

VRA records ¢110.8m profit in 2022 – Auditor General Report

The Volta River Authority (VRA) recorded a profit of ¢110.893 million in 2022, about 1.7% decline over the previous year, the 2022 Auditor General...

Govt to borrow ¢38.959bn via treasury bills

Government will borrow a whopping ¢38.959 billion via treasury bills for the third quarter of 2023. According to its issuance calendar released by the Ministry...

Majority Leader justifies 10% withholding tax on betting, lottery winnings

The Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu, has justified the Ghana Revenue Authority’s 10% withholding tax on all gross gaming winnings scheduled to commence...

Tame inflation, GH¢60bn loss not excuse to shirk policy mandates – IMF tells BoG

The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced...

E-Levy misses target by GH¢527.27 million – 2 Economists advocate replacement

The electronic transfer levy (E-Levy) accrued GH¢455.58 million for the first half of this year, missing its target by 53.64 per cent. This is against...

Why BoG is constructing new Head Office building as most important priority project

The Bank of Ghana has reacted to the Minority group in Parliament on the Bank’s 2022 published Annual Report and Financial Statements Background to large...

Tullow Oil’s P/E ratio of 41 signals investor confidence in higher income growth

With a trailing price-earning ratio (P/E ratio) of 41, Tullow Oil equity is highly valued by investors as a company that has the capability...

High T-bill yields to taper over next 18 months; inverted yield curve to persist in medium-term

High interest rates (yields) on the 91 day, 182 day and 364 day Treasury Bills are expected to taper (reduce) as they mimic the...

Why you should buy BOPP shares on the GSE

Ghanaian oil palm plantation and company, the Benso Oil Palm Plantation (BOPP), has performed tremendously well on the Ghana Stock Exchange (GSE) since the...

Good news for Ghanaian tailors, seamstresses

In the coming days, the Youth Employment Agency (YEA) will support over 500 tailors and seamstresses in the country with GHC10,000. According to the Chief...

GNCCI pledges to work with Multimedia Group Limited to drive economic development

The Ghana National Chamber of Commerce and Industry (GNCCI) has pledged its commitment to deepen collaboration with Multimedia Group Limited to help in articulating...

Lottery wins attract 10% tax – Takes effect August 15

Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means...

Ofori-Atta justifies “turned the corner” remark

The Finance Minister, Ken Ofori-Atta, has justified the comment he made during the presentation of the 2023 mid-year budget review to the effect that...

Govt extends deadline of domestic dollar bonds to August 18

Government has extended the deadline for the domestic dollar bonds to Friday, August 18, 2023. The bonds were originally scheduled to end on August 4,...