The Bank of Ghana has opted to maintain the monetary policy rate at 30 percent following a thorough assessment of economic developments. Consequently, this decision implies that the lending rate in the country will remain unchanged. This marks the second instance in the current year that the Central Bank has chosen to keep the rate […]

The Minister of Trade and Industry has revealed that there are currently 126 operational projects under the government’s One-District-One-Factory policy. In addition to these KT Hammond, said approximately 300 established companies are at various stages of completion, actively participating in the supply chain. Speaking at the Ghana Industrial Summit and Exhibition 2023, organized by the […]

Interest rates in the money market have once again risen, indicating an increase in the cost of the government’s domestic debt. Based on auction results reported by the Bank of Ghana, the yield on the 364-day bill has increased by 0.34% to reach 32.17%. Similarly, the yield on the 91-day bill has risen to 28.12% […]

Standard Chartered, an international banking group, has reaffirmed its unwavering commitment to fostering business and economic development in Ghana. Over the decades, the bank has played a pivotal role in supporting Ghana’s economic growth and empowering local businesses to achieve their aspirations. Experts have underscored the inseparable connection between Standard Chartered and Ghana’s financial evolution, […]

More than 420 individuals engaged in the operations of loan apps have been apprehended. In a synchronized endeavor, the Cyber Security Authority, in conjunction with the Bank of Ghana and the Economic and Organized Crime Office (EOCO), executed a well-planned operation that led to the capture of the suspects. Within this concerted operation, authorities conducted […]

Ghana’s drive towards the development and execution of an ambitious energy transition framework has come to the forefront as Minister of State at the Finance Ministry, Mohammed Amin Adam, emphasized the significance of establishing electric charging stations to bolster the country’s electric vehicle revolution. During his speech at a conference on Climate Finance for Sustainable […]

The Bank of Ghana has taken action against Fidelity Bank and First National Bank Ghana by suspending their forex licenses for one month starting June 29, 2023. Besides the license suspension, the two banks have been fined 1000 penalty points for violating sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. […]

A group of disgruntled customers from the defunct Gold Coast Fund Management has urged the government to investigate the Economic and Organized Crime Organization (EOCO) activities comprehensively. They claim that EOCO has failed to produce a server crucial to a court case. This server, belonging to the now-defunct Gold Coast Fund Management Company, contains backup […]

A delegation from Botswana, led by Finance Minister Peggy O. Serame, recently visited the solid and liquid waste treatment plants of the Jospong Group in Accra. The first stop was at Sewage Systems Ghana Limited (SSGL) at Korle Lagoon, where the delegation learned about Ghana’s process of treating liquid waste to produce clean water for […]

Mr. David Eduaful has been appointed as the Managing Director of Labadi Beach Hotel, Ghana’s premier five-star hotel. With over 30 years of experience in the hospitality industry, David Eduaful is a highly accomplished professional. He is the first Ghanaian Managing Director of a five-star hotel in the country, having previously served in various capacities […]