January 8th, 2020

Ghana’s international reserves low; a reason for cedi depreciation – IMF

The International Monetary Fund (IMF) has revealed that Ghana’s foreign exchange reserve level remains relatively low. “Gross international reserves stood at 2.7 months of imports […]
January 8th, 2020

Cedi can’t be printed in Ghana for now – BoG

The Head of the Currency Processing Operations at the Bank of Ghana, Dominic Owusu, has disclosed that the Bank of Ghana has no intention of […]
January 8th, 2020

Businessmen currently in despair – Mahama

Former President John Dramani Mahama has noted that businesses are struggling under the current Akufo-Addo administration. He said in a message on Tuesday Janury 7 […]
January 8th, 2020

Iran attack: Oil prices rise after Iraq missile attacks

Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 […]
January 8th, 2020

Domestic flights unaffected by harmattan condition

Domestic airline operators say flights have not been affected by the harsh Harmattan weather condition. The Ghana Civil Aviation Authority (GCAA) has already cautioned the […]
January 8th, 2020

Ghana likely to be caught in overspending quagmire – Economist

The Fiscal Responsibility Act and the establishment of the Fiscal Council may not prevent the usual overspending that characterizes an election year, Dr. Lord Mensah, […]
January 7th, 2020

Government begins payment of arrears to cocoa roads contractors

Road contractors who worked on various cocoa roads in the country say the government has begun paying them their outstanding arrears. They tell Citi Business […]
January 7th, 2020

Gold price nears 7yrs high as investors take fright

The price of gold is approaching its highest level in seven years as tensions escalate between the United States and Iran. By Monday afternoon, the […]
January 7th, 2020

Survivors of 2014 LukOil helicopter crash yet to be compensated

Some survivors of the 2014 helicopter crash that killed four petroleum workers off the coast of the Western Region say they have not received any […]
January 7th, 2020

A Farm is a factory with inputs and output – Research specialist

Dr Julius Kotir, a Research Fellow with the Commonwealth Scientific Industrial Research Organisation (CSIRO), Australia, has said researchers need to develop new technologies and innovations […]
January 7th, 2020

Public forum on tax compliance and responsibility held in Sefwi Wiawso

The Tax Justice Coalition – Ghana, a Non-Governmental Organisation (NGO), has held a public forum in Sefwi Wiawso, to educate stakeholders on the significance of […]
January 7th, 2020

Dr Frank Adjei honoured for jobs creation

Dr Frank Adjei has been honoured for his outstanding contribution to the socio-economic development of Ghana through the creation. Dr Adjei is the Executive Chairman […]
January 7th, 2020

E-Tang Group Ghana targets chunk of printing industry

The President of the Ghana Chamber of Commerce and Industry, Nana Dr. Appiagyei Dankawoso noted China’s growing influence in Africa’s economy and said it is […]
January 7th, 2020

Non-performing loans hit GH¢7.2bn in October 2019

The total stock Non-Performing Loans (NPLs) continue to increase as it hit GH¢7.19 billion in October 2019 from GH¢7.14 billion in October 2018. Despite this […]
January 7th, 2020

GRA exceeds GHS43bn 2019 revenue target

The Ghana Revenue Authority has exceeded its GHS43 billion tax revenue target for 2019. This follows a revision of the earlier target from GHS46 billion […]
January 7th, 2020

ADB gets approval to raise GH¢127 million from GAT

The Agricultural Development Bank (ADB) has announced that it has received approval to issue in excess of 39 million ordinary shares to the Ghana Amalgamated […]
January 7th, 2020

Bank of Ghana authorises issuance of commemorative coins to celebrate Asantehene

The Asantehene, Otumfuo Osei Tutu II, has been presented with the ‘Pillar of Peace’ award at the maiden Africa Premier Leadership Awards held in Kumasi. […]
January 7th, 2020

Oil price surges above $70 a barrel

Oil prices have climbed above $70 a barrel for the first time in four months amid fears that the US air strike that killed Iran’s […]
January 6th, 2020

5.9 million Ghanaians registered for Ghana Card so far – NIA

The National Identification Authority (NIA) has so far registered 5.9 million (5,907,536) people as at the end of 2019 in the ongoing nationwide mass registration […]
January 6th, 2020

StanChart Ghana appoints new directors

Standard Chartered Bank Ghana Limited has appointed Mr Kwabena Nifa Aning and Mr Sheikh Jobe as Independent Non-Executive Director and Executive Director respectively, to its […]
January 6th, 2020

Issue 2020 Eurobond to salvage cedi — Economists

The government should issue Eurobond quickly in the first quarter of the year and use the foreign exchange (forex) to cushion the cedi from further […]
January 6th, 2020

Meet the three generations of fishmongers selling fresh fish for the past 48 years

Ms. Grace Tetteh, affectionately called Osofo, has been selling fresh fish for the past 48 years. Currently, she carries out her trade a few metres […]
January 6th, 2020

Nigerian traders demand immediate government intervention over closure of shops

The Nigeria Union Traders Association of Ghana (NUTAG) is asking the Government of Ghana to come clear on its plans concerning the closure of shops […]
January 6th, 2020

RCBs can’t fail Ghana’s rural economy – Kojo Mattah

Mr Kojo Mattah, Managing Director (MD) of the Association of Rural Banks (ARB) Apex Bank Limited, has said the Rural/Community Banks (RCBs) sub-sector could not […]
January 6th, 2020

Ghana Manganese Company, government impasse could lead to worker agitation – GRWU

The Ghana Railway Workers Union (GRWU) has warned of possible agitations by its members, if President Akufo-Addo fails to address the ongoing impasse between government […]
January 6th, 2020

Banks deposits growth slows amidst banking reforms

The growth rate in commercial banks’ deposits has slowed down amidst the reforms undertaken by the central bank to strengthen the sector. The Bank of […]
January 5th, 2020

GHS194,000 worth of fuel lost in tanker fire near Buipe depot – BOST

The Bulk Oil Storage and Transportation Company Limited (BOST) has estimated the value of product lost in a fire incident that occurred near its Buipe […]
January 5th, 2020

Ofori-Atta to raise over US$3 billion in diasporan bond

The Ministry of Finance is hoping to raise over US$3 billion in a Diasporan bond through the creation of the Diasporan Savings and Investment account. […]
January 5th, 2020

COPEC demands immediate government intervention in stabilizing fuel prices

The Chamber of Petroleum Consumers Ghana (COPEC) wants the government to apply the price stabilization levy to cushion consumers from a likely increase in the […]
January 5th, 2020

IES urges new TOR boss to put interest of Ghanaians first

The newly appointed Managing Director of the Tema Oil Refinery (TOR), Ing. Herbert Ato Morrison, has been advised to uphold the interest of Ghanaians as […]
January 5th, 2020

We followed standard procedures before releasing new cedi notes – BoG to Mahama

The Bank of Ghana has stated that the introduction of the new higher denomination banknotes it issued recently was the result of a well-thought-out currency […]
January 5th, 2020

Government to bag $3bn annually with Sankofa account

Ghana’s Finance Ministry has launched an investment and savings account which targets Africans in the diaspora known as the African Sankofa Account. Both the Finance […]
January 4th, 2020

Eight Ghanaian women who secured big corporate moves in 2019

In the corporate world, the dream of every employee is to progress and take up bigger responsibilities to showcase their expertise. Sometimes the progress comes […]
January 4th, 2020

Demand for shea butter in the North shoots up following harmattan season

Severe harmattan in the North of Ghana has forced an upsurge in demand for shea butter as local residents strive to protect their skin from […]
January 4th, 2020

Jomoro Rural Bank exceeds BoG’s minimum capital requirement

The Jomoro Rural Bank has exceeded the GHc1,000,000.00 minimum capital requirement as the stated capital of the Bank stood at GHc1,038,268.00 as at the end […]
January 4th, 2020

MTN realises R14 billion in asset sales in 2019

MTN announced its Asset Realisation Programme (“ARP”) in March 2019 which aims to simplify its portfolio, reduce debt and risk, improve returns and realize proceeds […]