The prices of petrol and diesel will go up slightly. According to the latest report, petrol will increase by 2%. This means the price for one liter of petrol will be GHC 15.20. Diesel will also rise by 1.1%, making the new price GHC 15.35 per liter. However, there is good news for people using […]

On his first day back in office, President John Mahama met with a delegation from the World Bank to discuss urgent measures aimed at stabilizing and rebuilding Ghana’s economy. Stressing the need for a “reset,” Mahama called for comprehensive reforms focused on economic stability, job creation, and poverty reduction. A key priority, according to Mahama, […]

The Bank of Ghana (BoG) has suspended the Gold-for-Oil initiative, citing operational and policy challenges that resulted in financial losses. The program, designed to stabilize domestic fuel prices and reduce reliance on foreign exchange for fuel imports, has been temporarily halted as the Central Bank reassesses its economic strategies. In an interview with Bloomberg, BoG […]

Alhaji Seidu Agongo, the majority shareholder of the now-defunct Heritage Bank, has expressed confidence that his bank could have transformed Ghana’s banking industry with unmatched competition. “Heritage Bank would have given the entire banking industry in Ghana competition they could never match. Have you visited any of our branches before? Our success was in the […]

The Monetary Policy Committee (MPC) of the Bank of Ghana has decided to maintain the Policy Rate at 27 percent. The announcement was made by the Chairman of the MPC and Governor of the Bank of Ghana, Dr. Ernest Addison, during the 122nd MPC press conference held in Accra.   In his address, Dr. Addison […]

The Mobile Money Advocacy Group Ghana (MoMAG) is optimistic that the removal of the e-levy will significantly enhance their business operations. During his recent vetting, Minister-Designate for Finance, Dr. Cassiel Ato Forson, announced that the government’s first budget would eliminate the e-levy.   Speaking at the association’s new executive induction ceremony, MoMAG President Edward Ofori […]

The Federation of Associations of Ghanaian Exporters (FAGE) has extended its congratulations to President John Dramani Mahama on his election victory, commending his commitment to agricultural transformation and boosting export growth. FAGE acknowledged the pivotal role of President Mahama’s administration in advancing Ghana’s export sector and expressed optimism about the renewed opportunities for growth under […]

The Member of Parliament for Yapei-Kusawgu and former Deputy Energy Minister, John Abdulai Jinapor, has announced that President John Mahama has instructed the Chief of Staff to convene an emergency meeting with key stakeholders in the power sector to address an impending energy crisis. His Excellency the President directed the Chief of Staff to chair […]

The government successfully achieved an oversubscription of approximately 9.0% in its treasury bills sale, just a week after experiencing a slight undersubscription. The total amount raised was GH¢4.65 billion, surpassing the target of GH¢4.262 billion. All bids submitted for the short-term instruments were accepted. The majority of the bids came from the 91-day bill, which […]

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 […]