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Education Minister inaugurates new CIHRM Council

The Minister of Education, Haruna Iddrisu (MP), has inaugurated the new Council of the Chartered Institute of Human Resource Management, Ghana (CIHRM). The 11-member CIHRM...

COPEC urges gov’t to scrap GH₵1 fuel levy, find innovative solutions

The Chamber of Petroleum Consumers (COPEC) has asked government to develop innovative ways to clear the power sector debt and not unnecessarily burden petroleum...

Total currency in circulation increased to GH₵71bn in 2024 – BoG

The total amount of money in circulation increased significantly from GH₵44 billion in 2023 to GH₵71 billion by the end of December 2024. This was...

Ecobank boss backs Bank of Ghana’s move for stable cedi

Group Chief Executive of Ecobank, Jeremy Awori, says he supports calls for Bank of Ghana intervention to maintain a fairly stable cedi exchange rate,...

Cedi comes under some pressure; one dollar equals GH¢11.60

For the first time in several weeks, the Ghana cedi depreciated week-on-week against the US dollar and the other major foreign currencies in the...

GRA to further engage OMCs on implementation of new tariff this week

The Ghana Revenue Authority (GRA) is set to begin intensive stakeholder engagement this week with Oil Marketing Companies (OMCs) and other key players in...

GH₵1 fuel levy undermines cedi gains – Abena Osei-Asare

Former Deputy Finance Minister and Atiwa East MP, Abena Osei-Asare, has criticised the newly introduced Energy Sector Levy, arguing that Ghanaians should be enjoying...

T-Bills Auction: Government misses target, secures GH¢5.47bn in bids

The government failed to meet its treasury bill target for the second week in a row. According to auction results released by the Bank of...

Ghana ranks 9th in Africa with highest outstanding loans to China

Ghana is ranked 9th among African countries with the highest outstanding loans to China, according to data compiled by Boston University’s Global Development Policy...

Cocobod pleads for 3% of banks’ reserves to rescue local LBCs

The Acting Chief Executive Officer of the Ghana Cocoa Board (Cocobod), Dr. Randy Anerley Abbey, has warned that indigenous Licensed Buying Companies (LBCs) face...

COCOBOD CEO warns indigenous LBCs risk extinction without financial support

The Acting Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has expressed concern over the survival of indigenous Licensed Buying...

How Ghana lost over GH¢2bn swapping gold for fuel

Since its rollout in January 2023, the Bank of Ghana has disclosed that it incurred losses of GH¢317 million in 2023 and GH¢1.82 billion...

GRA postpones implementation of GH¢1 fuel levy

The Ghana Revenue Authority (GRA) has postponed the implementation of the recently approved GH¢1 energy sector levy on petroleum products. Originally scheduled to take effect...

OMCs to implement GH₵1.0 Energy Sector Levy from June 16

the government and the Chamber of Oil Marketing Companies (COMAC) have agreed to begin implementing the GH₵1.0 Energy Sector Levy on each litre of...

GH₵1 fuel levy takes effect from today

The GH₵1 new levy on petroleum products takes effect from today, June 9, 2025, under the revised Energy Sector Levies Act, 2025 (Act 1141). This...

“The job was waiting for me”: MTN Ghana CFO shares journey into telecoms

The Chief Finance Officer and Executive Director of MTN Ghana, Antoinette Kwofie, has shared the remarkable and almost mystical series of events that led...

CMC MD Dr. Dogbey builds global partnerships at FCC AGM in London

The Managing Director of the Cocoa Marketing Company (CMC), Dr. Wisdom Kofi Dogbey, is currently in London attending the Council Meeting and Annual General...

BoG ‘losses’ stem from reporting mismatch, not Gold-for-Oil – Gideon Boako ‘educates’ Governor Asiamah

Tano North MP and Deputy Ranking Member of Parliament’s Finance Committee, Dr Gideon Boako, has refuted claims that the Bank of Ghana’s (BoG) 2024...

Dr. Gideon Boako questions basis of BoG’s accounting reporting approach to declare 2024 ‘losses’

Deputy Ranking Member on Parliament’s Finance Committee and Member of Parliament for the Tano North Constituency, Dr Gideon Boako, has criticised the Governor of...

Ato Forson hails outcome of National Economic Dialogue

Finance Minister Dr Cassiel Ato Baah Forson on Wednesday praised the outcome of the National Economic Dialogue, held from March 3 to 4 in...

We will adhere to zero financing of budget – BoG

The Bank of Ghana has promised to adhere to the zero financing of the budget going forward. This follows the signing of a Memorandum between...

Cedi’s sharp appreciation may undermine gains from upcoming cocoa price hike – COCOBOD

Ghana’s cocoa producer price is expected to see a significant upward adjustment in dollar terms ahead of the next crop season. The anticipated increase comes...

COCOBOD in debt, balancing the books will take time – Randy Abbey admits

The Acting CEO of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, says balancing the books at the struggling state institution is a long...

GoldBod issues final warning: No extension beyond June 21 for unlicensed gold traders

The Ghana Gold Board (GoldBod) has issued a warning to individuals trading gold without a valid licence, stating that prosecutions will begin immediately after...

The real reasons behind the Energy Sector Levies Amendment

Years of accumulating debt, under-recovery of costs, and the rising cost of fuel procurement have created a fiscal and operational emergency that threatens the...

Bank of Ghana posts operating loss of GH¢9.49bn in 2024

The Bank of Ghana (BoG) has recorded an operating loss of GH¢9.49 billion for the 2024 financial year, compared to a restated operating loss...

Come clean, tell Ghanaians the truth – Gov’t told over GH¢1 fuel levy [Audio]

The African Institute of Energy Sustainability (AIES) has challenged the government over the newly approved GH¢1 Energy Sector Levy, commonly referred to as the...

ESLA raised GH¢9bn but power crisis remains – AOMCs CEO

The CEO of the Association of Oil Marketing Companies (AOMCs) has questioned the impact of the Energy Sector Levy Act (ESLA), after Parliament approved...

GH¢1 levy won’t fix a broken system – AOMCs CEO warns

The CEO of the Association of Oil Marketing Companies (AOMCs) says the recently approved GH¢1 energy sector levy on petroleum products will not fix...

Independent Power Generators back GH¢1 Energy Sector Levy

The Independent Power Generators Ghana (IPGG) has welcomed the introduction of the GH¢1 Energy Sector Levy, describing it as a necessary measure to restore...

BoG moves to block remittance leakages to stabilise cedi

As part of measures to stabilise the cedi, the Bank of Ghana (BoG) has initiated plans to tighten controls and block all leakages in...

They’ve brought E-levy Pro Max – Alhassan Tampuli reacts to ‘Dumsor Levy’

Member of Parliament for Gushegu and former Deputy Transport Minister, Alhassan Tampuli, has taken a swipe at the National Democratic Congress (NDC) government over...

E-Levy was a misplaced priority but GH¢1 fuel levy is different – Prof. Bokpin

Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has explained that there is a significant difference between the E-levy and...

GH¢1 fuel levy difficult, but necessary – Mahama [Video]

President John Mahama has justified the decision to impose a GH¢1 new levy on petroleum products, describing the move as difficult but a necessary...

Explainer: Why petrol and diesel just got GH₵1 more expensive

In the early hours of June 4th, 2025, Ghana’s Parliament approved a GH₵1 increase to the Energy Sector Shortfall and Debt Repayment Levy on...

GH¢1 fuel levy needed to clear energy debt – Dr Kwabena Donkor

Former Minister for Energy, Dr Kwabena Donkor, has justified the newly introduced GH¢1 fuel levy, arguing that it is a necessary step to help...

AIES urges gov’t to scrap ‘dumsor levy’ over economic hardship

The African Institute of Energy Sustainability (AIES) has strongly condemned the government’s newly introduced GHS1.00 per litre Energy Levy, dubbed the “Dumsor Levy,” describing...

Ghana falls sharply to 31st position in Africa for lowest fuel prices

Despite a roughly 9% drop in petroleum product prices, Ghana has slipped 11 places to 31st position in Africa for the lowest fuel prices. According...

Inflation for May 2025 drops sharply to 18.4%

Inflation for the month of May 2025 has dropped significantly to 18.4 percent year-on-year, down from the 21.2 percent recorded in April. The Ghana Statistical...

Ghana Link defends e-tracking system after national security criticism

Ghana Link Network Services Ltd, operators of the country’s Electronic Cargo Tracking (E-Tracking) system under the Integrated Customs Management System (ICUMS), has strongly refuted...