From reduced taxes to lower operational costs, dawn trading has become a crucial strategy for many, transforming Accra’s bustling markets into vital economic hubs long before sunrise. Conversations with traders and buyers involved in dawn transactions highlight the significant impact of early trading on local economies.   Alexander Obeng, who moved from Prestea in the […]


The Bank of Ghana (BOG) has defended its 2019 decision to revoke GN Bank’s license, asserting that the move was justified due to significant regulatory breaches. The Central Bank maintains that GN Bank failed to adhere to essential financial regulations and banking standards, jeopardizing its operational stability. Consequently, the Bank of Ghana has indicated that […]


Abena Osei-Asare, Minister of State, will lead Ghana’s delegation to the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings and the 3rd African-Caribbean Trade and Investment Forum (ACTIF2024) in Nassau, Bahamas, from June 12th to 15th, 2024.   The Annual General Meeting (AGM), themed “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa,” will […]


Inflation for May 2024 has dropped significantly to 23.1%, down from 25.0% in April 2024, marking a 1.9 percentage point decrease. According to the Ghana Statistical Service, food inflation contributed to the overall decline, recording a rate of 22.6% compared to 26.8% the previous month. However, non-food inflation saw a slight increase, rising to 23.6% […]


The Bank of Ghana (BoG) has announced that it will maintain its Monetary Policy Rate (MPR) at 29% for the second time this year. This decision was made by the Governor of the Bank of Ghana, Dr. Ernest Addison, during the 118th monetary policy announcement on Monday, May 27, 2024.   Dr. Addison explained that […]


Hundreds of tomato traders in Accra Central have protested against what they describe as an unfair reduction in the size of wooden crates used for packaging tomatoes.   The traders, primarily women, claim that the reduction in crate size, coupled with recent price hikes, is threatening their livelihoods. They argue that the smaller crates contain […]


Julie Kozack, Head of Communications at the International Monetary Fund (IMF), has commended the Bank of Ghana (BoG) and the government for their notable progress in advancing the nation’s comprehensive debt restructuring efforts. Speaking during a press conference, Ms. Kozack highlighted that the government’s robust policy adjustments under the program were yielding positive results, with […]


K. T. Hammond, the Minister of Trade and Industry, has directed the Cement Manufacturing Development Committee (CMDC) to instruct Ghanaian cement manufacturers to immediately halt the increase in cement prices.   The Minister also requested that all cement producers in the country publish their retail prices to curb the ongoing arbitrary price hikes. He reiterated […]

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Omanghana is an online news portal that provides readers around the world with a greater focus on Ghana and other parts of Africa. Established in 2009, Omanghana regularly publishes articles related to News, Sports, and Entertainment.