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Elon Musk summons Twitter founder in court battle

Elon Musk has launched legal action to summon Twitter co-founder Jack Dorsey to appear in court as part of his legal battle with the...

Usain Bolt moves to trademark victory pose

Athletics icon Usain Bolt has moved to trademark a logo showing his signature victory celebration pose. The retired Jamaican sprinter submitted an application in the...

Caveman watches teams up with Kobby Kyei to impact communities

Caveman Watches, a Ghanaian-owned and internationally recognised watch brand, has appointed Ghanaian blogger Kobby Kyei to lead the brand's socially impactful projects. Speaking about the...

GUTA to close shops on August 29 over rapid cedi depreciation

Members of the Ghana Union of Traders Association (GUTA) say they will close down all their shops on Monday, August 29, to demonstrate against...

US economist jabs Bawumia over Ghana’s economic woes

A professor of applied economics at Johns Hopkins University has accused the Vice President, Dr Mahamudu Bawumia, of playing blame games with Ghana’s economic...

Special Prosecutor investigates vehicle auctions, others by Customs from July 2016 till date

The Office of the Special Prosecutor (OSP) is embarking on a full-scale probe of some activities at the Customs Division of the Ghana Revenue...

BoG cautions public against 19 entities engaged in loan services without license

The Bank of Ghana is cautioning the public against unlicensed entities engaged in the provision of loans to consumers, in contravention of the Banks...

Licensed forex bureaus not complying with foreign exchange law to be closed down

The Bank of Ghana has indicated it will soon close down licensed forex bureaus that are not complying with the foreign exchange law.  Officials of...

betPawa sets up Responsible Gaming Call Center for Gaming Commission  

Leading online betting and gaming company betPawa has provided IT equipment to the Gaming Commission of Ghana for the creation of a Responsible Gaming...

BoG Governor must assert independence or resign – Minority

The Minority in Parliament has asked the Governor of the Bank of Ghana (BoG), Ernest Addison to assert his independence and credibility. In a release...

Cedi hits ¢10 to a dollar; BoG measures may halt depreciation in short-term

The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 15th, 2022. At the same time,...

Govt must announce further cuts in expenditure – Dr Kwabena Duffuor

Former Finance Minister, Dr Kwabena Duffuor, says government must announce further cuts on planned expenditure. According to him, this is one of the surest ways...

NCA grants licence for operation of MSMPUSHER

The National Communications Authority (NCA) has granted a licence for the operation of a cloud-based marketing platform, MSMPUSHER. NCA's licence is to allow MSMPUSHER...

US and Taiwan announce formal trade negotiations

The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi. The...

MTN gifts 2-bedroom house to woman in first MoMo TV commercial

The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN's Mobile Money (MoMo) has been gifted a...

Aker Energy halts Ghana oilfield devt over involvement of Russian firm

Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in...

BoG increases policy rate to 22%; cost of borrowing to shoot up significantly

The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August...

UK to receive shipment of Australian gas

The United Kingdom (UK) is expected to take delivery of a shipment of gas all the way from Australia next week, as the pressure...

Increase in tariffs will affect our businesses – Ghana Hotels Association

A member of Ghana Hotels Association, Denzel Kwesi Humpreys, has said that the hotel business will be affected adversely by the increase in water...

We haven’t banned dollar account – BoG

The Bank of Ghana (BoG) has dismissed reports that it has banned the opening of dollar accounts. In a public notice, the Central Bank said...

Cedi tagged the worst performing currency worldwide by Bloomberg

A recent currency performance ranking by Bloomberg has classified the Cedi as the worst-performing currency across the globe. Bloomberg tracked the performance of 150 currencies...

Mobile Money transactions surpass cheques by ¢366.7bn in half-year 2022, but slightly lower than 2021

Total Mobile Money transactions in the first half of 2022 significantly surpassed cheque transactions by a massive ¢366.7 billion, the Summary of Economic and...

TikTok owner hands algorithm data to chinese government

Chinese internet giants including Alibaba, Tiktok-owner ByteDance and Tencent have shared details of their algorithms with China's regulators for the first time. Algorithms decide what...

UK cuts import taxes on goods from poor countries

The UK is to cut import taxes on hundreds more products from some of the world's poorest countries to boost trade links. The Developing Countries...

Cedi loses about ¢3.15 to dollar so far in 2022

The cedi has lost about ¢3.15 at face value to the US dollar so far in 2022. This is equivalent to about 32% loss since...

Prices of petroleum products to go up 5.5% – COPEC

Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber...

Star Assurance, AssureAdvisors to launch repackaged insurance products

Star Assurance, one of Ghana’s leading general insurance providers has together with their Corporate Agency, AssureAdvisors Limited, launched two re-packaged personal insurance products into...

Russia reopens bond market to friendly traders

The Moscow Exchange will be partially reopened to foreign investors from Monday after a nearly six-month suspension during the Ukraine war. It says only investors...

Alex Mould hints of fuel shortage

A former Chief Executive Officer of National Petroleum Authority, Alex Mould, has hinted of fuel shortage in the country if government does not intervene...

Johnson and Johnson to stop selling talcum powder

Johnson & Johnson (J&J) will stop making and selling its talc-based baby powder around the world from next year. The announcement comes more than two...

Govt’s industrialisation agenda not feasible without stable cedi – Manufacturers

Government’s industrialisation agenda is likely to face a number of challenges if issues confronting the cedi is not addressed. According to the Business Development Manager...

Prices of foodstuff will not go down despite harvest season – GSS

The Ghana Statistical Service (GSS) doubts the country’s inflation will witness a decline anytime soon as figures peg the inflation rate at 31.7 per...

Musk sells Tesla shares as Twitter lawsuit looms

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn). The sales took place after the...

MTN MoMo set to accelerate growth in digital payments through partnerships

MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...

Inflation hits 31.7% in July

Ghana's consumer inflation accelerated to 31.7% annually in July from 29.8% in June, the Ghana Statistical Service announced Wednesday. The development means the inflation rate...

Labianca case: Special Prosecutor got it all wrong – Chamber of Freight and Trade

The Chamber of Freight and Trade (CFT) has decried what it calls an attempt by the Office of the Special Prosecutor (OSP) to link...

Fitch downgrades Ghana’s rating to ‘CCC’

Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflects deterioration of Ghana’s...

Domino’s pulls out of the birthplace of pizza

Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, reports say. Franchise...

1D1F: Akufo-Addo inspects GH¢9.2 million Yam/Cassava factory at Bimbilla

President Nana Addo Dankwa Akufo-Addo, on Tuesday, 9th August 2022, visited Global Almas Processing Limited, a yam and cassava processing factory located at Bimbilla,...

MTN MoMo set to accelerate growth in digital payments through partnerships

MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...