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Economist backs NDC’s call for resignation of BoG governor

Economist and lecturer at the University of Ghana Business School (UGBS), Professor Godfred Bokpin, has assented to the National Democratic Congress' (NDC) call for...

Ghana ranked among 10 countries globally with highest food inflation

Ghana has been ranked among 10 countries in the world with the highest food inflation. According to a Food Security Report by the World Bank,...

Govt officials have lost hope in banking sector – MP on Cecilia Dapaah saga

Member of Parliament (MP) for the Asunafo South, Eric Opoku, has said the recent theft of substantial foreign and local currencies from former Sanitation...

Govt led BoG into a deep ditch – MP

Member of Parliament (MP) for the Asunafo South Constituency, Eric Opoku, has supported NDC's call for the resignation of Bank of Ghana governor, Dr...

Inflation rises for the third consecutive month

Year-on-year inflation shot up marginally to 43.1% in July 2023, from 42.2% recorded in June 2023. According to figures from the Ghana Statistical Service, the...

GRA to implement 10% withholding tax on betting, lottery winnings from August 15

The Ghana Revenue Authority (GRA) has announced that it will begin implementing a 10% withholding tax on all gross gaming winnings from August 15,...

Cedi to remain stable this week

The Ghana cedi will remain stable this week against the US dollar and other major foreign currencies, although improved US labour data may pose...

Six policemen injured in clash with tricycle operators in Kumasi

Six police officers have sustained injuries following a clash with tricycle operators at the premises of the Kumasi Metropolitan Assembly (KMA). The incident occurred on...

Multilateral debts, others pose downside risk to Ghana’s foreign exchange reserves – Report

Research firm, IC Research, is warning that the lingering debt settlements of government such as SWAPs and multilateral debts pose downside risk to the...

We are working to recover ¢60bn loss – BoG

The Bank of Ghana (BoG) has stated that it is working to recover the ¢60 billion loss it incurred in 2022 as a result...

Ghana Link’s Clyde Adjei picks Transformational Deputy MD Award

Deputy Managing Director of trade facilitation company, Ghana Link Network Services, Clyde Panyin Adjei, has been recognised as the most transformational Deputy Managing Director...

GPHA defends port tariff adjustments

The Ghana Ports and Harbours Authority (GPHA) has defended the recent port tariff adjustment. In a reaction to concerns raised by the Ghana Union of...

GUTA opposes GPHA’s latest increase in port charges

The Ghana Union of Traders Association (GUTA), is opposing the latest increase in port charges by the Ghana Ports and Habours Authority (GPHA) barely...

Performance of banks in half-year looks promising, banking industry remains strong – Governor

During the 70th Anniversary Celebrations of GCB Bank, Dr. Ernest Addison, the Governor of the Bank of Ghana, expressed optimism about the performance of...

ECG records ¢1.9bn loss in 2021 – Auditor General Report

The Electricity Company of Ghana (ECG) faced a significant financial setback in 2021, reporting a loss of ¢1.913 billion compared to a profit of...

BoG can’t take shelter from issues of other central banks – Economist

Professor John Gatsi, the Dean of the Business School at the University of Cape Coast (UCC), has criticized the Bank of Ghana (BoG), stating...

7 tricycle operators arrested in Kumasi amidst ban

The Kumasi Metropolitan Assembly (KMA) has said it will continue to ensure the enforcement of the ban on the use of tricycles in the...

VAT structure does not ensure compliance  – GUTA

President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has stated that his expectations were not met during Finance Minister, Ken...

Fitch downgrades US credit rating from AAA to AA+

The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three...

Farmers at Nkwanta South plead for tractors and other farming machinery

A group of female farmers at Nkwanta South of the Oti Region have appealed to government and other agencies to support them with farming...

Tricycle operators block major road leading to Kejetia over KMA ban

Tricycle operators in the Ashanti Region have escalated their protest against a directive to restrict their movement in parts of the Central Business District...

Gh¢21bn cut in 2023 budget commendable – Oppong Nkrumah

Minister for Information, Kojo Oppong Nkrumah, has said the GHS 21bn reduction in the government’s appropriation for the 2023 fiscal year is commendable. Contributing to...

Electrochem operations: How Ada people can become ultimate beneficiaries

In the serene coastal town of Ada, Ghana, a life-changing project has taken root. Electrochem, a Ghanaian-owned company, has invested over $88,000,000 in industrial...

Mid-Year Budget: It’s not about spending less, there are still debts to pay – Joe Jackson

The Director of Operations at Dalex Finance, Joe Jackson, says it is not enough for the Finance Minister to just say that government is...

We have put in place structures to remain policy solvent – BoG

The Bank of Ghana says it has put in place structures to ensure that it remains policy solvent and well able to deliver on...

Govt targets pension funds in renewed debt exchange

The government will pursue the restructuring of pension funds in the next phase of the domestic debt exchange programme (DDEP). It will also exchange debt...

GhanaCARES ‘OBAATAN PA’ programme on track – Ofori-Atta

Finance Minister, Ken Ofori-Atta, had said that the GhanaCARES 'OBAATAN PA' programme is on track. According to him, efforts toward promoting commercial agriculture, building technological...

Cedi depreciated by an impressive 1.8% between February and July – Ofori-Atta

The government says the local currency in the first half of the year showed great strength against the major trading currencies.  The Cedi, which depreciated...

Use Mid-Year Budget Review to suspend lottery, sports betting taxes – Group urges Ofori-Atta

The Coalition of Small Business Owners (CSBO) is urging Finance Minister Ken Ofori-Atta to suspend the taxes imposed on Lottery and Sports Betting companies...

BoG posts GH¢60.81bn losses in 2022

The Bank of Ghana has posted losses totaling GH¢60.81 billion for the 2022 financial year.  This compares to a profit of GH¢1.23 billion recorded in...

Selling of coins causes inflation – Financial expert

A financial expert, Michael Annan, has disclosed that the sale of coins on streets is a contributory factor to Ghana's economic crisis. According to him,...

IPPs contemplate shutting down plants as govt fails to settle $2bn debt

The Independent Power Producers in Ghana are facing an imminent crisis as they contemplate shutting down their power plants in the coming days if...

Importers and Exporters urged to refrain from unlawful practices

Importers and Exporters have been advised to refrain from engaging in unlawful practices to reduce duty payments, as they may face consequences during the...

FXKudi partners MoMAG to promote financial inclusion in informal sector

FXKudi has partnered with the Mobile Money Advocacy Group, Ghana (MoMAG) to promote financial inclusion in the informal sector. According to the Head of Sales...

There’s a need to revisit structure, nature of taxes – Ken Ofori-Atta

In a crucial meeting with the business community ahead of the mid-year budget review, the Finance Minister, Ken Ofori-Atta, addressed pressing issues concerning the...

Zoomlion creates 200 new jobs as RM Commissions Tamale Wastewater Treatment Plant

Northern Regional Minister, Alhasan Saani Shaibu, has commissioned a 1,000 metric ton Wastewater Treatment Plant at Gbalahi, a suburb of Tamale in the Sagnarigu...

Gov’t must prioritise simple, affordable tax policies – GUTA

The Ghana Union of Traders Association (GUTA) has urged government to prioritise and implement policy actions that will make tax affordable, simple for businesses,...

‘KenMustGo’ is unnecessary now – Tolon MP

Ghana’s Minister for Finance, Ken Ofori-Atta, has come under intense pressure to resign from office or be sacked with the argument that his performance...

Sewerage systems relieve Western Region with 20 million euros wastewater treatment plant

The Western Regional Minister, Kwabena Okeyere Darko-Mensah, has noted that only 10% of faecal waste collected in the region is treated. This implies that the...

Goodbye to Twitter as Elon Musk rebrands platform to single letter, ‘X’

The internet is abuzz as the app formerly known as Twitter announced a name change over the weekend. X.com now redirects to Twitter.com, although the social...