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 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 […]