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Akufo-Addo highlights AfCFTA’s role in continental transformation

President Nana Akufo-Addo has delivered a keynote speech emphasising the transformative potential of the African Continental Free Trade Area (AfCFTA) Agreement in driving Africa’s...

Inflation remains high by international standards despite falling significantly since 2023 – IEA

The Institute for Economic Affairs has emphasized that inflation remains in Ghana remains high by international standards despite it dropping significantly from 54.1% in...

Fuel prices ease by 1.38%; Petrol now at ₵14.22, diesel ₵14.90

Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the Pumps. Market leader GOIL is selling a litre of petrol at...

Bank of Ghana unveils draft regulations for cryptocurrencies and other digital assets

The Bank of Ghana (BoG) has introduced draft regulations aimed at establishing a comprehensive framework for the Ghana’s digital asset sector. Announced on August 16,...

World Bank set to disburse $1bn to Ghana to help stabilise economy

The World Bank is planning to disburse US$1 billion over the next 12 years to help in stabilising Ghana’s economy, and support private businesses. This...

Prices of petrol, diesel and LPG to remain stable – IES

The prices of petroleum products will remain stable on the local fuel market for the second half of August 2024, the Institute for Energy...

Akufo-Addo vows to mitigate impact of severe drought on Northern farmers

President Nana Addo Dankwa Akufo-Addo has pledged to take decisive action to alleviate the devastating effects of the severe dry season that has plagued...

BoG to offload shares in ADB; pledges to fix recurring problems in state-owned banks

The Bank of Ghana has pledged to offload its shares in ADB Bank to the government. It has also vowed to address recurring problems at...

Food shortage looms as lack of rains in Northern Region threaten food sufficiency

The Peasant Farmers Association of Ghana (PFAC) has warned that the current drought in Northern Ghana could lead to a food shortage if the...

24-hour economy achievable if government is committed – Economist Nii Moi Thompson

A renowned economist, Dr Nii Moi Thompson, has highlighted some strategies that can be adopted to make the 24-hour economy feasible. This comes after the...

Accra Mall, West Hills Mall taken over by South African firm in new deal

The Accra Mall, West Hills Mall and Kumasi City Mall have been taken over by a South African real estate investment firm, Lango. This follows...

The People’s Forum: Kaneshie market sellers lament constant price fluctuations

Traders and consumers at the Kaneshie Market in Accra have expressed frustration over the persistent rise in food prices, blaming it on factors beyond...

Success of new GSA Law depends on industry collaboration – CEO

The CEO of the Ghana Shipping Authority (GSA), Kwesi Baffour Sarpong, has emphasised that the success of the amended Ghana Shippers’ Authority Law hinges...

Mahama’s promise to scrap bet tax will encourage more youth to gamble – NPP’s Nana Bediako

Nana Bediako, a member of the NPP’s Communications Team, has raised concerns about former President John Dramani Mahama’s promise to abolish the betting tax. Speaking...

We will maintain tight monetary policy stance until inflation is firmly declining – BoG

The Bank of Ghana has expressed its commitment to maintain a sufficiently tight monetary policy stance until inflation is on a firmly declining path. In...

Ghana ranks 8th in Africa for economic stability and investment climate – RMB Report 2024

Ghana has been ranked in the 8th for economic stability and investment climate in Africa, according to the 2024 “Where to Invest in Africa”...

Light fishing persists after observing closed season

The use of light for fishing is part of illegal, unregulated, and unreported fishing practices prohibited under Ghana's laws. Section 11 of the Fisheries Regulations...

Inflation for July tumbled to 20.9%.

Inflation for the month of July 2024, tumbled to 20.9%. This represents a decline of 1.9 percentage points from that of June which was at...

Inflation continues downward trend, reaches 20.9% in July

Ghana's consumer inflation has continued to decline, reaching 20.9% year-on-year in July, marking the fourth straight month of reduction. This represents a 2.1 percentage point...

Enterprise Group records strong performance; declares 0.95 per share as final dividend

Insurance giant, Enterprise Group ended 2023 with an impressive final performance in spite of the economic challenges in the country. As a result of the...

Excessive tax exemptions eroding Ghana’s revenue potential – World Bank

The World Bank has expressed concern about the significant impact of tax exemptions on Ghana's revenue generation capabilities. The institution noted that, Ghana's tax system...

Deloitte commends govt’s decision to maintain tax levels

The government’s decision to maintain current tax levels in the Mid-Year Budget Review offers some relief to businesses and individuals, according to Deloitte Ghana’s...

ECG disconnects Kejetia Market again over GH¢7m debt

The Kumasi City Market, commonly known as the New Kejetia Market, has been disconnected from the national grid by the Electricity Company of Ghana...

MTN Ghana urges customers to verify and confirm SIM cards linked to Ghana Card

MTN continues to work with its industry stakeholders to ensure the management of a verified and robust SIM registration database. As part of the process,...

Cocoa farmers kick against pension scheme modalities

Members of the Assinman Co-operative Cocoa Farmers and Marketing Limited have expressed strong opposition to the current modalities of the Cocoa Farmers Pension Scheme,...

Tax treatment of retirement funds in Ghana among most generous – World Bank

The tax treatment of retirement funds in Ghana is among the most generous in the world, depriving the government of significant revenues, the World...

Bond market: Total turnover dropped by 41.77% to GH¢881m

Trading volumes in the Ghanaian secondary bond market decreased by 41.77% to GH¢881 million in the week under review. This is compared to GH¢1.5 billion...

Upper East regional staff of NPA honours Dr Abdul-Hamid for his leadership

The staff of the Upper East regional office of the National Petroleum Authority (NPA) has honoured the Chief Executive Officer, Dr Mustapha Abdul-Hamid, for...

International Youth Day: Agri-Impact Limited CEO calls for increased investment in the youth

The Chief Executive Officer of the multinational agribusiness firm, Agri-Impact Limited, Daniel Fahene Acquaye, has called for increased investment in the youth of Ghana...

MultiChoice Talent Factory 2025 calls for entries

MultiChoice Talent Factory is thrilled to announce that it’s once again calling upon all aspiring filmmakers, scriptwriters, producers, and storytellers to apply for entry...

Cedi continues relative stability; one dollar going for GH¢15.87

The Ghana cedi remained relatively stable for the most part of last week, buoyed by a $10 million Bank of Ghana’s spot market support. However,...

Individualized credit scoring system to be rolled out by end of year – Bawumia

Flagbearer of the governing New Patriotic party (NPP), Dr. Mahamudu Bawumia says individualized credit scoring will be rolled out in Ghana before the end...

Gold for Oil policy still on track – BoG

The Bank of Ghana (BoG) has affirmed that the government's Gold for Oil policy is progressing as planned. This initiative was introduced to address Ghana's...

Gold Fields to buy Canadian miner Osisko in $1.57bn cash deal

Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after a rival offer scuppered...

Mahama pledges alternatives to controversial betting tax

Former President, John Mahama has pledged to explore alternatives to the contentious betting tax as part of his campaign strategy for the upcoming elections. Addressing...

eTranzact Ghana appoints Rev. Prof. Paul Frimpong-Manso as Board Chair

eTranzact Ghana Limited, a leading provider of innovative payment technology solutions, has announced the appointment of Rev. Prof. Paul Frimpong-Manso as its new Board...

World Bank: Majority of Ghanaian banks strong enough to avoid recapitalisation

In its 8th Ghana Economic Update, the World Bank reported that over half of Ghana's 23 banks are well-positioned to avoid the need for...

COCOBOD sets record straight on loan default 

The Ghana Cocoa Board (COCOBOD) has addressed inaccuracies regarding the repayment of a GH¢1.99 billion cocoa bill arranged between 2010 and 2013. In a statement,...

T-bills: Govt misses target for 5th consecutive week

The government has once again missed its target for the sale of short-term instruments to domestic investors, falling short by approximately GH¢1,257.90 million. According to...

Jamestown fishermen demand inclusion in $60m Harbor project

Fishermen in Jamestown have expressed urgent concerns about their exclusion in the soon-to-be-commissioned fishing harbour. Despite government assurances that they will be included in the...