Aggrieved customers of the defunct gold dealership firm, Menzgold Ghana Limited, have issued a 24-hour ultimatum to the government, demanding a bailout of GH¢2 million from their locked-up funds to ease their financial distress. Speaking at a press conference in Accra, the customers warned that failure to meet their demands would result in a collective […]

The grand architectural masterpiece at the heart of the capital is set to become a symbol of Ghana’s economic vitality and a beacon of financial innovation. Speaking at the commissioning ceremony, President Nana Addo Dankwa Akufo-Addo hailed the new Bank of Ghana headquarters as a testament to the institution’s enduring significance and its commitment to […]

Fuel prices are expected to decrease starting tomorrow, November 16, 2024, barring any unexpected developments. The Chamber of Petroleum Consumers (COPEC) forecasts a reduction of approximately 5.06% in petrol prices, 3.88% in diesel prices, and 1.14% in Liquefied Petroleum Gas (LPG) prices. COPEC attributes this anticipated decline to a 0.72% drop in global crude oil […]

Sunon Asogli Power Ltd has announced the shutdown of its operations due to the Electricity Company of Ghana’s (ECG) failure to settle a $259 million debt. In a statement released on October 16, 2024, the company said it was forced to cease operations on October 8 at 5 PM due to the unpaid debt. “This […]

Key players in Ghana’s logistics and trade sectors are set to stage a major protest against the practices of shipping lines operating within the country on Tuesday, September 24, 2024. The Ghana Institute of Freight Forwarders (GIFF), the Association of Customs House Agents of Ghana, Freight Forwarders Association of Ghana, and the Customs Brokers Association […]

The Ministry of Finance (MoF) has reported that Ghana’s Gross Domestic Product (GDP) shows signs of a strong economic recovery despite global challenges and ongoing debt restructuring efforts. According to the latest figures from the Ghana Statistical Service (GSS), the country’s economic growth in the second quarter (Q2) of 2024 reached 6.9%, up from 4.7% […]

Comedian and actor Michael Blackson has voiced his deep disappointment with the Ghanaian government following its default on Eurobond payments. Blackson, who is of Ghanaian descent, had invested in Eurobonds to support his charitable project, the Michael Blackson Academy, located in Agona Nsaba. In a series of posts on X (formerly Twitter), he expressed frustration […]

Ghana risks losing an estimated $50 million in revenue if the European Union (EU) enforces a ban on the export of vegetables and other produce due to the ongoing damage caused by illegal mining activities.   The Vegetable Producers and Exporters Association of Ghana (VEPEAG) has raised concerns about the serious impact such a ban […]

Fuel prices are projected to decrease in the upcoming pricing window, starting Monday, September 16, 2024, according to the Chamber of Petroleum Consumers (COPEC). Amid fluctuations in global petroleum prices, consumers can expect an average price reduction of about 4% on diesel, petrol, and LPG, COPEC indicated.   “Unless there are any significant unexpected changes […]

The inflation rate in Ghana for August 2024 decreased to 20.4%, down from 20.9% in July, continuing a six-month downward trend since March, when inflation peaked at 25.8%. Government Statistician, Professor Samuel Kobina Annim, attributed this decline to a reduction in food inflation, which dropped to 19.1% in August. In contrast, non-food inflation rose slightly […]