May 31
Ghana: Group Demands Sacking of Ssnit Boss Amid Controversy On Hotels Sale
SSNIT has come under the spotlight recently regarding the sale of four hotels to Mr. Bryan Acheampong Read more »
Ghana: Majority Accuses Minority of Sabotaging Govt Business Over Denial of Tax Waivers
Addressing the media in Parliament House on Thursday, May 30, 2024, Mr Afenyo-Markin criticized the Minority, accusing them of double standards. Read more »
May 29
Ghana: Cedi Remains Under Pressure Despite BoG Measures and 'Threats', As Dollar Nears Gh¢16
The Cedi continues to face stiff competition from the Dollar despite BoG measures. Read more »
May 28
Ghana: Economist Challenges Finance Minister's Explanation for Cedi's Decline
According to the Dean of the Business School at the University of Cape Coast, Prof. John Gatsi has indicated that the reasons cited by the Finance Minister for the cedi's troubles… Read more »
Ghana: Alan Kyeremanten Vows to Abolish Cocoa Syndication Loans If Elected President
In November 2023, Parliament approved an $800 million cocoa syndicated loan for the Ghana Cocoa Board (COCOBOD). The approval followed a recommendation from the Finance Committee,… Read more »
Ghana: Chocolate Lovers in Ghana Feel the Crunch As Prices Skyrocket Amid Cocoa Market Turmoil
This dramatic price increase is primarily due to an unprecedented surge in the international price of cocoa beans. A year ago, cocoa was selling for just over $3,000 per metric ton… Read more »
Ghana: Stay and Invest in Ghana, Mahama Appeals to Multinationals
The NDC's flagbearer, has urged multinational companies to continue investing in Ghana despite economic challenges, when he addressed them during the 8th Ghana CEO Summit. Read more »
Ghana: Cocoa Export Earnings Plummet By Nearly 50% Despite Global Price Surge
This decline occurred despite an unprecedented nearly 200% increase in the global price of cocoa, which surged from about 4,235.60 in just December 2023 to between $10,116.9 and… Read more »
May 27
Ghana: Stop Posting Rates On Social Media - BoG Tells Forex Bureaux As It Cracks Down On Illegal Activities to Stabilise Cedi
Dr. Addison reaffirmed the Central Bank's commitment to stabilising the cedi but warned against statements that could undermine confidence in the economy, particularly in an… Read more »
Ghana: Mahama Promises Engineering Solution to Persistent Floods
In a Facebook post on Monday, May 27, Mahama criticized the current administration for its failure to provide a comprehensive flood prevention and management plan. Read more »
Ghana: Dollar Starts the Week At Gh¢15.75 At Forex Bureaux
This increase reflects a significant depreciation of the cedi, which has fallen by over 19% on the retail market due to heightened demand for the dollar and an inadequate supply of… Read more »
May 22
Ghana: President Akufo-Addo Releases KPMG Report On GRA/SML Deal
The report has only been made public now after persistent calls from civil society advocates and Right To Information (RTI) requests from media watchdog, the Media Foundation for… Read more »
Ghana: Investors With Locked-Up Funds Suspend Protest for Two Weeks
The decision comes after Deputy Finance Minister, Dr. Stephen Amoah, in a phone call on Tuesday, May 21, promised to meet with the group's leadership when he returns from a trip on… Read more »
Ghana: Ghana's Oil Decline Deepens - 2023 Output Drops to Lowest Since 2019
The report also revealed that, for the second consecutive year, the $70.5 million proceeds from Jubilee Oil Holdings Limited (JOHL) liftings in 2023 were not paid into the… Read more »
May 21
Ghana: Bank of Ghana Mounts Second Defence of Its Inflation Targeting Policy Amid Criticism
While the BoG has not explicitly stated that its infographics respond to these critiques, the timing suggests a connection. Read more »
May 20
Ghana: Former NPRA Chief Labels SSNIT a 'Ponzi Scheme', Proposes Measures to Prevent Its Collapse
His critique is based on the underfunded nature of SSNIT, where retirees receive benefits that exceed the value of their contributions. Read more »
May 15
Ghana: Taxing Content Creators Will Affect the Industry - Kwadwo Sheldon Discloses
Sheldon argued that implementing additional taxes would drastically reduce the revenue of content creators and hamper the growth of the content creation industry. Read more »
May 17
Ghana: Soaring Price of Tomatoes Causes a Stir On Social Media
Ranked 10th among 20 items with the highest inflation rates, fresh tomatoes have seen a substantial increase compared to the national inflation rate of 25%. Read more »
May 15
Ghana: Mahama Says AI to Be Used to Monitor Illegal Mining If Elected President
The presidential candidate of the National Democratic Congress (NDC), John Mahama has proposed to use Artificial Intelligence Technology to monitor small-scale mining and illegal… Read more »
May 14
West Africa: Ghana to Receive $200 Million From Ecowas Bank
The ECOWAS Bank for Investment and Development (EBID) and the Government of Ghana have signed a Memorandum of Understanding (MoU) to inject some $200 million into the Ghanaian… Read more »
Ghana: Dollar Hits 15 Cedis Mark At the Forex Bureau
Despite interventions by the Bank of Ghana, analysts foresee the cedi's depreciation persisting until the next tranche of funds from the International Monetary Fund is received. Read more »
May 02
Ghana: May 1 'Dumsor' Due to Flooding At Seven Substations
For some couple of months now, Ghanaians have been experiencing power outages popularly known as "Dumsor. Although the government has failed to admit the problem the challenges… Read more »
May 09
Africa: Harnessing AfCFTA in Repositioning Africa's Agricultural Sector
The African Continental Free Trade Area (AfCFTA) represents a unique opportunity for African countries to leverage free trade and overcome the challenges hindering this sector's… Read more »
May 07
Ghana: NPA Makes Moves for Tax Removal On LPG
The National Petroleum Authority (NPA) is taking steps to make liquefied petroleum gas (LPG) more affordable and accessible to consumers. Read more »
May 06
Ghana: Elections 2024 - Traders in Ashanti Region Vow to Campaign Against NPP Over Incomplete Markets
Meanwhile, the trader groups have petitioned the overlord of the Asanteman, Otumfour Osei Tutu and the Ashanti Queen Mother, Nana Konadu Yiadom to intercede on their on their… Read more »