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Cedi continues stability against dollar; 1$ equals ¢12.60

The Ghana cedi continued its good running against the US dollar for almost two weeks as it sold at ¢12.60 to one US dollar...

23 arrested at Agbogbloshie for selling foodstuffs under unhygienic conditions

Public Health Officers from the Accra Metropolitan Assembly(AMA) have arrested some 23 traders at the Agbogbloshie market for selling foodstuff on bare floors and...

Individual bondholders with old bonds will struggle to sell – John Kumah

Government has cautioned individual bondholders on the consequences of failing to sign on to the new terms of the Debt Exchange Programme. The Finance...

ECG can’t trace directors of 23 indebted companies

The Electricity Company of Ghana (ECG) cannot trace the directors of 23 companies that are indebted to it to the tune of millions of...

GRA descends on Melcom over issuance of fake electronic VAT invoices

Managers for Melcom, Kasoa, North Kaneshie and Achimota branches have been picked up by the Customs Division of the Ghana Revenue Authority (GRA) for...

Petrol, diesel now sell at ¢15.25, ¢15.90 per litre at pumps

Some Oil Marketing Companies(OMCs) have started increasing prices of petroleum products at the pumps from today, Wednesday, February 1, 2023, as anticipated. One of...

Cedi to remain stable against dollar

The Ghana cedi is expected to remain stable and probably improve its value against the dollar in the coming days and weeks. This is due...

Registrar-General strikes out defaulting business names; over 500K to be affected

The Office of the Registrar of Companies (ORC) has started the process of striking out 513,338 business names which have lapsed from the Business...

Deadline for Domestic Debt Exchange Programme extended to Feb. 7

Government has extended the deadline for the Domestic Debt Exchange Programme (DDEP) to February 7, 2023. The Finance Ministry in a press release on Tuesday...

Vodafone Ghana clears air on recruitment

Vodafone Ghana says the public should disregard reports that it is recruiting new persons for various positions in the company. In a press release on...

$100m lost yearly to corruption at ports

An estimated US$8.3million in monthly revenue is lost through corrupt practices at the country’s seaports. This sum amounts to almost US$50million every six months and...

Ban on rice importation not possible – Senyo Hosi

Former Chief Executive Officer of the Chamber (CEO) of Bulk Oil Distributors, Senyo Hosi, has said that government’s intent to ban rice importation is...

Telecel sends SoS message to Vodafone workers over sale

Management of Telecel group has assured the staff of Vodafone of no layoffs as it takes over the company. This follows the National Communications...

Individual bondholders to get better offer if… Finance Minister

Finance Minister, Ken Ofori Atta, has assured that government will soon present a better offer to individual bondholders who will participate in the ongoing...

Mobile Money transactions hit ¢1.07 trillion in 2022

Total Mobile Money transactions in 2022 hit a record ¢1.07 trillion despite the existence of the Electronic Transaction Levy (E-Levy), the January 2022 Summary...

Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

A Convener of the Individual Bond Holders Association of Ghana (IBHAG), Martin Kpebu, says the Minister of Finance, Ken Ofori-Atta, may, in the coming...

Fuel prices to increase by 7% to 13%

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG),...

Ghana officially opens its market to US pork and pork products export

Ghana has officially opened its market to pork and pork products exported from the United States of America. In a statement sighted on the US...

IMF presses Ghana to stop borrowing from its central bank

The International Monetary Fund (IMF) is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The...

Full Report: Technical Committee on exclusion of individual bondholders from Debt Exchange Programme

Read the full report of the Technical Committee that sat on the exclusion of Individual Bondholders from the Domestic Debt Exchange (DDE) programme:

Cedi to continue stability against dollar

The Ghana cedi is expected to further stabilise against the US dollar on the back of continued Bank of Ghana’s support. The cedi traded at...

Ghana ranked first in West Africa Digital Competitiveness Index 2022

Digital Foundation Africa, a pan-African think tank focused on unlocking and shaping the continent’s digital future through research, policy and skill development and advocacy...

AGI cries over new utility tariffs

The Association of Ghana Industries (AGI) has described the level of utility tariff increments for water and electricity by the Public Utilities Regulatory Commission...

Govt reaches agreement with banks on new terms for debt exchange programme

The Government of Ghana and the Ghana Association of Banks (GAB) have made significant progress on the terms of participation of Banks in the...

Unproductive state entities to be punished

Specified entities which have failed to meet Key Performance Indicators (KPI) in 2022 are likely to have their budget for 2023 withheld. This is to...

GPHA reacts to delay in Keta Port project

The Ghana Ports and Harbours Authority (GPHA) has kicked against pressure being mounted from certain quarters to hit the ground running with the Keta...

MTN Ayoba MoMo Accelerator Awards: Noni Hub wins ultimate prize

Mobile telecommunications giant, MTN Ghana, has rewarded five startup hubs who emerged winners at the maiden MTN Ayoba MoMo Accelerator competition. This competition was created...

Zenith Bank Ghana ceases operations as Trustee in securities industry and capital market

The Securities and Exchange Commission (SEC) has announced that Zenith Bank Ghana has voluntarily ceased to operate as a Trustee in the securities industry...

Govt may grant some demands of individual bondholders – Ofori-Atta hints

The Finance Minister, Ken Ofori-Atta, has indicated that government will grant some concessions to Individual Bond holders under the Domestic Debt Exchange Programme. He, however,...

NPA sanctions four OMCs for illicit trading

The National Petroleum Authority (NPA) has sanctioned four Oil Marketing Companies (OMCs) for engaging in illicit third-party trading and unlawful lifting of petroleum products. Per...

GRA arrests fake currency dealer

The Customs Division of the Ghana Revenue Authority (GRA) has arrested a suspected Nigerian fake currency syndicate along the Aflao Border. The suspect who was...

Bawumia upbeat about gold for oil deal following successful delivery of test shipment

Vice President Dr Mahamudu Bawumia has been explaining why Ghana is currently pursuing an IMF bailout and how to change the status quo. The gold...

MoMo transaction: Good news for Vodafone cash customers

A new directive by the Bank of Ghana (BoG) has introduced new mobile money transaction and wallet limits. Customers with daily transaction limits of ¢1,000,...

Govt blackmailing investors – Adongo 

Member of Parliament(MP) for Bolgatanga Central Constituency, Isaac Adongo, has accused government of blackmailing bondholders. He claimed that investors know they have to comply with...

Govt to borrow ¢2.42bn in T-bills

Government will borrow ¢2.42 billion in Treasury bills to refinance the upcoming maturities of ¢2.22 billion in this week’s T-bill auction. This is coming...

Five banks to collapse over debt exchange programme – Ato Forson

The Minority in Parliament says the ongoing debt exchange programme will not augur well for the banks in the country.  The opposition National Democratic Congress...

Oil for Gold deal sustainable – Bank of Ghana

The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy.  The...

Pension bondholders to picket at Finance Ministry

The Pensioner Bondholders Forum has threatened to picket at the Ministry of Finance on January 23, 2023, if government fails to exempt them from...

NCA approves sale of Vodafone Ghana to Telecel

The National Communications Authority (NCA) says it has granted conditional approval for the transfer of 70 percent of government’s shares in Ghana Telecommunications Company...

PURC increases electricity and water tariffs; check out details

The Public Utilities and Regulatory Commission has increased electricity and water tariffs by 29.96% and 8.3% respectively. The new rates take effect from February 1,...