Business – Omanghana

June inflation rate dropped significantly to 22.8%, according to the most recent data from the Ghana Statistical Service (GSS). Prof. Anim provided additional details regarding the GSS’s Consumer Price Index statistics during a press briefing on Wednesday in Accra. He noted that food inflation and non-food inflation were reported at 24.0% and 21.6%, respectively, indicating […]

The International Monetary Fund (IMF) has revised Ghana’s growth rate forecast from 2.8% to 3.1% by the end of 2024. This adjustment is attributed to the reforms Ghana is implementing under the IMF programme, which significantly supports its economic recovery. The IMF also believes that if Ghana adheres to the programme’s conditions, the recovery could […]

According to the Chamber of Petroleum Consumers (COPEC), petroleum prices are expected to rise in the upcoming pricing window starting July 1, 2024. Executive Secretary Duncan Amoah attributed the anticipated price hike to the recent weakening of the cedi against the dollar, which has fallen by 1.89% to $1.2779. “There are indications that the retail […]

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 […]

The Ghana Federation of Traders has issued an ultimatum to the government, demanding measures to lower the exchange rate from GH¢15 to GH¢10. The federation, comprising eight groups, argues that the cedi’s depreciation is eroding their capital and threatening their businesses. Eric Kwaku Boateng, Chairman of the Ghana Federation of Traders and President of […]

The government has announced the approval of GH¢2.3 billion for the restructuring and recapitalization of the National Investment Bank (NIB). The first tranche of GH¢400 million is expected to be transferred to the bank by the end of May 2024. Announcing the approval at the Ministry of Finance’s monthly briefing, Dr. Mohammed Amin Adam […]

Inflation declines in june to 22.8%

Ghana’s growth target moves from 2.8% to 3.1% for 2024 by IMF

Petroleum prices expected to rise in the upcoming pricing window -COPEC

Traders take advantage of dawn business to reduce cost

Bank of Ghana (BOG) defends decision to revoke GN Bank license

2024 Africa Export-Import Bank (Afreximbank) Annual Meeting

Inflation drops in MAY 2024 from 25.0% to 23.1%

Monetary Policy Rate (MPR) at 29%

Lower the exchange rate from GH¢15 to GH¢10 -The Ghana Federation of Traders

GH¢2.3 billion for the restructuring and recapitalization of NIB

AMBULANCE SPARE PARTS SCANDAL: Ministry of health clarifies

RTU fined GHC 100,000

16 new court judges for the court of appeal