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28 developing countries including Ghana remain stuck in debt trap – World Bank

The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap...

I will soon visit ports to weed out corrupt activities – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has hinted at visiting some ports nationwide soon to weed out corrupt activities. This comes after several reports of...

Cedi loses 3.66% to dollar since January 1; one dollar equals GH¢12.75

The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week...

We will be in a dire situation if we fail to meet some tax obligations – Dr. Amin Adam

Finance Minister Dr. Mohammed Amin Adam has revealed that Ghana would be in a dire situation if it fails to meet some tax obligations...

Let’s work together to achieve 2024 revenue target – Amin Adam charges GRA

The newly appointed Finance Minister, Dr Mohammed Amin Adam, has urged the Ghana Revenue Authority (GRA) to put in place a strategic roadmap to...

Amin Adam interacts with the Ministry of Finance staff

On Monday, February 19, 2024, Finance Minister-designate, Mohammed Amin Adam assumed office and interacted with the staff of the ministry. Amin Adam was among the...

Ghana to expand cocoa rehabilitation with $200m World Bank loan

Ghana’s COCOBOD will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes...

I engaged in prudent financial management as Finance Minister – Ofori-Atta insists

Former Finance Minister, Ken Ofori-Atta says he committed himself to the prudent management of the strategic resource allocated to him during his tenure in...

T-bills auction: Interest rates fall to 27.89%; government records 23.64% oversubscription

Interest rates fell for the seventh consecutive week despite a marginal increase in the January 2024 inflation. According to the auction results by the Bank...

Atlantic Lithium pledges responsible and sustainable mining practices at Ewoyaa

Atlantic Lithium Limited has committed itself to responsible and sustainable mining practices ahead of Ghana's first lithium production at Ewoyaa in the Central Region....

Together, we have weathered storms – Ken Ofori-Atta thanks MoF staff

Former Finance Minister Ken Ofori-Atta has appreciated the hard work of staff of the Ministry of Finance (MoF). According to him, their dedication to salvage...

Support Amin Adam to succeed – Ofori-Atta to Finance Ministry staff

Former Finance Minister Ken Ofori-Atta has expressed confidence in his successor, Dr. Mohammed Amin Adam, urging the Ministry of Finance staff to support him...

SML sues Fourth Estate, Manasseh Awuni

Strategic Mobilisation Ghana Limited (SML), the company accused of receiving a controversial 10-year contract from the Finance Ministry, has filed a lawsuit against the...

Whether to establish a bank or not – MTN Ghana CEO sets records straight

The outgoing Chief Executive of the MTN Ghana, Selorm Adadevoh, has insisted that the company does not have any immediate plan of establishing a...

Don’t blame Ofori-Atta for Ghana’s financial woes – Centre for Social Policy Studies Economist

A Development Economist and a Senior Research Fellow at the Centre for Social Policy Studies (CSPS) of University of Ghana, Dr. George Domfe, has...

Total value of secured loans fall 54% to GH¢5.9bn in quarter 4 – BoG

The total value of secured loans granted and registered by banks and Specialised Deposit-Taking Institutions (SDIs) in the 4th quarter of 2023 was GH¢5.9 billion. This...

IMF boss congratulates Dr. Amin Adam after appointment as Finance Minister

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has congratulated Dr. Mohammed Amin Adam after his appointment as Minister of Finance. A...

TOR Board Chairman, David Adomako resigns

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako, has resigned from the board. In a letter to the presidency, Mr. Adomako cited...

Ministerial reshuffle: Amin Adam can’t turn economy around in 9 months – Seth Terkper

A former Finance Minister, Seth Terkper has voiced doubts regarding Dr. Mohammed Amin Adam's appointment as Finance Minister by President Akufo-Addo. Mr Terkper expressed his...

Fuel prices to go up – COPEC

Indications are that the pump prices of petrol, diesel and LPG are likely to go up in the next Window beginning 16 February 2024. The...

15% tariff increase was needed to save our business – MTN Ghana CEO

The Chief Executive of MTN Ghana, Selorm Adadevoh, has justified the 15.0% increase in tariffs for all its products and services, insisting, it was...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

I’ll not depart from IMF programme – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF). He has assured...

Replacing Ofori-Atta with Amin Adam is too late – Joe Jackson

The Director of Business Operations at Dalex Finance, Joe Jackson believes it is too late for the President to replace Finance Minister Ken Ofori-Atta...

I’ll vigorously seek income mobilisation – Amin Adam

The newly appointed Finance Minister, Mohammed Amin Adam has said he will aggressively seek income mobilisation in order to strengthen the country's finances and...

Parliament to investigate delayed payments to Cocoa Road Contractors

The Speaker of Parliament, Alban Bagbin, has announced plans to establish a high-powered committee aimed at investigating the issue of outstanding payments to cocoa...

92% of women businesses in Ghana have never exported – OAWLI

A research data to be released as part of international women’s day, by Oxford Africa Women Leadership Institute (OAWLI), an Enterprise Support Organization, indicate,...

Valentine’s Day: Souvenir vendors lament low patronage

Valentine's Day holds a significant place for individuals and families to celebrate and reaffirm their affection, camaraderie, and admiration for each other. In Ghana,...

SSNIT targets to enrol 250,000 under SEED initiative by end of year

The Social Security and National Insurance Trust (SSNIT) is targeting to rope in 250 thousand informal sector players under the Self-Employed Enrolment Drive (SSNIT...

Ofori-Atta won’t be a shadow Finance Minister – NPP General Secretary

General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong has said Ken Ofori-Atta won't overshadow the newly nominated Finance Minister, Dr. Mohammed Amin Adam.  According...

Inflation hits 23.5% as it resumes upward trajectory

Inflation returned to an upward trajectory to hit 23.5% in January 2024, data from the Ghana Statistical Service has revealed. This follows four consecutive months...

GCB Bank appoints Daniel Asirifi as Board Chairman

GBC Bank PLC (GCB) has appointed Daniel Kwaku Tweneboah Asirifi as the new board chairman. Asirifi’s assumption of office as board chairman of the bank...

Ofori-Atta advocates for expansion of digital payments for a more climate resilient Africa

Ghana’s Finance Minister, Ken Ofori-Atta, argues that digital technologies and responsible payment systems have a major role to play in climate adaptation and climate...

Akufo-Addo has led Ghana into a ditch – Development Economist

A Development Economist at the University of Development Studies (UDS), Dr. Michael Ayamga has branded the Akufo-Addo-led administration as a disastrous government. According to him,...

Access Bank appoints Bolaji Agbede after death of CEO

Access Bank, one of Nigeria's largest banks, has appointed a temporary replacement for CEO Herbert Wigwe, who died alongside five others in a helicopter crash last...

43% of Ghanaians not prepared to take financial risk at all – Report

Forty-three percent of Ghanaians are not prepared to take any financial risk at all as they have low-risk inclination, the 2023 Old Mutual Financial...

Registrar of Companies to strike off 8,531 companies in default [Video]

The Office of the Registrar of Companies (ORC) has initiated legal proceedings to dissolve approximately 8,531 companies Limited by Shares due to their non-compliance...

Bond market: Total turnover decreased by 16.25% week-on-week to GH¢1.33bn

The secondary bond market for Government of Ghana papers slowed in activity as the total volume traded declined by 16.25% week-on-week to GH¢1.33 billion. Notably,...

Demand pressures for dollar to weigh on cedi this week; one dollar equals GH¢12.80

The persistent demand pressures for the dollar would continue to weigh negatively on the cedi's performance this week. This follows a marginal depreciation of the...