U.S. Tariff Blow: Ghana Faces Trade Setback as 10% Import Duty Threatens Export Gains
Ghana’s trade prospects with the United States have hit a stumbling block following the imposition of a 10% reciprocal tariff on all Ghanaian imports into the U.S.—a decision announced by President Donald Trump on what he dubbed “Liberation Day.” Former…
AMA Introduces Digital Payment Platform for Revenue Collection
The Accra Metropolitan Assembly (AMA) has launched a new digital payment platform designed to streamline the collection of business operating permits, property rates, market tolls, and other levies. The platform, accessible via shortcodes 22233# and 22255#, aims to enhance revenue…
Alan Kyerematen Commits to Completing the Greater Kumasi Industrial City Project
By Femi .October 4, 2024 Hon. Alan John Kwadwo Kyerematen, the leader and presidential candidate of the Movement for Change/Afrafranto Alliance, has made a significant pledge to complete the ambitious Greater Kumasi Industrial City and Special Economic Zone project located…
Ghana Increases Cocoa Price by 45%
The Ghanaian government has announced a 45% increase in the producer price of cocoa for the 2024/2025 crop season in an effort to combat smuggling and improve the livelihoods of cocoa farmers. The price hike, which was revealed by Agriculture…
Ghana’s Inflation Rate Continues to Decline in July 2024
Ghana’s inflation rate has slowed for the fourth consecutive month, reaching 20.9% in July 2024, down from 22.8% in June, according to the Ghana Statistical Service. This indicates that prices in July 2024 were 20.9% higher than in July 2023.
SSNIT Cancels Sale of 60% Shares in Four Hotels
The Board and Management of the Social Security and National Insurance Trust (SSNIT) have halted the process to sell 60% of its shares in four hotels. This decision follows pressure from Organised Labour, which threatened to launch a nationwide industrial…
MTN Calls for Rethinking Tax Structure
Telecommunications giant MTN has called for a reconsideration of the country’s tax structure to enable more investment in critical infrastructure in the mobile telephony industry. Speaking at the inaugural 3i Africa Summit in Accra, MTN Ghana CEO Stephen Blewett highlighted…
“Attorney General: Chief Justice’s Panel Formation in Opuni’s Appeal Aligns with 1992 Constitution”
According to the Attorney General’s office, certain media outlets associated with Dr. Opuni have been consistently distorting court proceedings related to his prosecution. These distortions aim to misrepresent the evidence presented at trial and undermine the prosecution’s case while creating…
“Corruption Hinders Progress: Insights from Business Africa”
“Corruption: A Major Barrier to African Advancement”, The annual conference of anti-corruption agencies from Commonwealth African states convenes in Accra from May 6th to 11th. This assembly coincides with the stagnation of the Corruption Perception Index for Africa in 2023….
“South Africa Building Collapse Claims 23 Lives”
Search and rescue teams continued their efforts at the site of the tragedy in George, Western Cape province, a week after the incident. Municipal authorities confirmed on Monday that the death toll had risen to 23. An investigation is underway…
“Father Andrew Campbell, SVD: Advocate for Ghana’s Marginalized”
Father Andrew Campbell, SVD: Advocate for Ghana’s Marginalized. Born in Dublin, Ireland, in 1946, Father Andrew Campbell’s upbringing instilled in him a profound sense of empathy and a mission to alleviate human suffering. Ordained as a Catholic priest in 1970…
“Strategic Infrastructure Investment: Key to Africa’s Prosperity – Insights from Gabby Otchere-Darko”
Gabby Asare Otchere-Darko, the Founder and Executive Chairman of the Africa Prosperity Network (APN), recently emphasized the pivotal role of infrastructure investment in driving Africa’s prosperity. Speaking at the official launch of the third edition of the Africa Prosperity Dialogues…
OSP Reacts as EOCO Returns Cecilia Dapaah’s Docket
The Office of the Special Prosecutor (OSP) has adamantly rebutted assertions made by the Economic and Organised Crime Office (EOCO) regarding the return of the docket concerning former Sanitation Minister Cecilia Dapaah. Disputing claims that EOCO had yet to return…
Joseph Abuabu Dadzie assumes role of new Chief Executive at GNPC
The Ghana National Petroleum Corporation (GNPC) has announced the appointment of Mr. Joseph Abuabu Dadzie as its new Chief Executive, effective April 26, 2024. Mr. Dadzie takes over from Mr. Opoku-Ahweeneh Danquah, whose term ended on the same date. Mr….
Ghana Braces for More Economic Challenges
Ghana’s inflation is expected to rise to 23.9% in February, marking the second consecutive monthly increase. This follows a spike in inflation in January, the first increase in six months. According to a report by IC Research, the surge in…
Ghana’s Finance Ministry Warns Against Controversial Anti-LGBT Bill
Ghana’s Ministry of Finance is advising the president against endorsing a controversial anti-LGBT bill recently passed by parliament, cautioning potential repercussions including the loss of up to $3.8bn (£3bn) in World Bank funding over the next five to six years….
SSNIT Holds GH¢480 Million in ‘Ghost’ Payments, Awaits Biometric Authentication from 19,100 Pensioners
The Social Security and National Insurance Trust (SSNIT) in Ghana has taken a significant step in securing pension payments by withholding GH¢480 million in funds intended for 19,100 pensioners who have yet to undergo biometric authentication. Dr. John Ofori-Tenkorang, the…
IMF Optimistic About Ghana’s Progress in Debt Restructuring Talks with Official Creditors
The International Monetary Fund (IMF) expressed optimism that Ghana and its official bilateral creditors are making progress toward a debt restructuring deal. The Official Creditor Committee, co-chaired by China and France, is engaged in discussions with Ghanaian authorities, and the…
Ghana Nears $1.15 Billion Funding from IMF and World Bank Amid Confidence in Debt Restructuring
Ghana is set to secure a $1.15 billion funding package from the International Monetary Fund (IMF) and the World Bank by the end of February. Finance Minister Ken Ofori-Atta is optimistic about reaching an agreement with official creditors on the…
Dollar to Cedi Exchange Rate Soars to GHS12.30 at Forex Bureaus
The exchange rate for the US Dollar to Ghanaian Cedi has surged to GHS12.30 at Forex Bureaus and GHS18.89 at the Bank of Ghana’s interbank market today. This significant increase raises concerns about the stability of the national currency and…
OccupyGhana Urges President to Enlist Auditor-General for SML/GRA Contract Audit
Pressure group OccupyGhana has called on President Nana Addo Dankwa Akufo-Addo to reconsider the appointment of KPMG for the audit of the contract between Strategic Mobilisation Ghana Limited (SML) and the Ghana Revenue Authority (GRA). In a statement dated January…
Oil Marketing Companies Slash Fuel Prices; Petrol and Diesel Reduced to ¢11.24 per Litre
In a welcomed move for consumers, several Oil Marketing Companies (OMCs) in Ghana have implemented a consecutive reduction in fuel prices, starting from January 1, 2024. This marks the second occasion within a short period where fuel prices have experienced…
GRA Announces 10% Tax on Lotto Winnings Starting January 1, 2024
The Ghana Revenue Authority (GRA) has officially informed the public, especially lotto patrons and operators, about the initiation of a 10% withholding tax on the gross winnings from all lotteries, including lotto, betting, gaming, and other games of chance. The…
Ghana’s Anticipated Debt Restructuring with Global Creditors in 2024
Ghana is poised to engage in discussions with both bilateral and commercial creditors in the early and mid-2024, aiming for a comprehensive restructuring of its external debt, according to projections by UK-based firm Fitch Solutions. The firm anticipates a resolution…
Angola’s Departure from OPEC: A Turning Point in Global Oil Dynamics
Angola’s Exit from OPEC: In a significant development, Angola has decided to part ways with the Organization of the Petroleum Exporting Countries (OPEC) due to disagreements over production quotas. The country, producing approximately 1.1 million barrels of oil daily, cites…
“Tap n’ Go”: GPRTU and Office of the Vice President Launch Digital Taxi Service in Accra
In a collaborative effort between the Ghana Private Road Transport Union (GPRTU) and the Office of the Vice President, a new digital taxi service named ‘Tap n’ Go’ has been launched in Accra. The app, available for download on both…
Government Unveils Ambitious Dualization Plan for Kasoa-Winneba and Adentan-Dodowa Roads
The Minister of Roads and Highways, Kwasi Amoako-Attah, has revealed plans for the dualization of two crucial roads connecting the national capital, Accra. The identified roads are the Kasoa-Winneba Junction and Adentan-Dodowa routes. The primary aim of this initiative is…
Lithium Mining Deal Boasts Unprecedented Benefits for Ghana, Says Lands Minister
Ghana’s Minister of Lands and Natural Resources, Samuel Abu Jinapor, defended the mining license granted to Barari DV Ltd for lithium mining at Ewoyaa in the Central Region, asserting that it is one of the best deals globally. Contrary to…
Bank of Ghana Implements Significant Increase in Minimum Capital for Credit Bureaux
In a strategic move to bolster Ghana’s credit reporting system, the Bank of Ghana (BoG) has announced a substantial increase in the minimum paid-up capital for both existing and new Credit Bureaux. Effective November 20, 2023, the minimum capital has…
Mahama Urges President Akufo-Addo to Declare State of Emergency Amid Akosombo Dam Spillage Flooding
Former President John Dramani Mahama has joined the chorus of voices calling on President Nana Addo Dankwa Akufo-Addo to declare a state of emergency in the areas affected by the flooding caused by the spillage of the Akosombo Dam. Mr….
Cabinet Initiates 3-Day Retreat to Address Economy and Akosombo Dam-Induced Flood
President Akufo-Addo and his cabinet are embarking on a three-day retreat, commencing on Friday, October 20, with the primary focus on discussing strategies to reinvigorate Ghana’s economy. This engagement also aims to address the actions required by the government to…
Ghana Anticipates Signing MoU with External Creditors in November, Boosting Economic Confidence
Ghana’s Finance Minister, Mr. Ken Ofori-Atta, has expressed optimism about the government’s ability to secure a Memorandum of Understanding (MoU) with its external creditors by November. This development is expected to boost stakeholder and investor confidence in the Ghanaian economy…
OccupyBoGProtest: Police to Enforce Restricted Access to Bank of Ghana
The Ghana Police Service has made it clear that participants in the scheduled demonstration against the Bank of Ghana (BoG) will not be permitted to approach the premises of the banking industry regulator. The protest, organized by the Minority in…
#OccupyBoGProtest: Tense Confrontation Erupts Between Police and Demonstrators
OccupyBoGProtest stand-off-A high-stakes confrontation has unfolded between law enforcement and participants in the #OccupyBoGProtest at the intersection near the Kwame Nkrumah Memorial Park along the Atta Mills Highway. The police have established a blockade extending from the traffic light to…
Protests Erupt in Ghana Amid Economic Crisis and Arrests: Opposition Parties and Public Decry Police Response
Ghana witnessed protests in its capital, Accra, where at least 49 individuals were arrested as they attempted to march to the seat of government to voice their concerns about the country’s economic crisis. The protesters, organized by Democracy Hub, were met with police resistance, leading to allegations of police brutality. Some journalists covering the event were also briefly detained. Ghana’s largest opposition party, the National Democratic Congress (NDC), condemned the police’s use of force against peaceful demonstrators, emphasizing the need for accountability and better governance. The government’s handling of the economic crisis and corruption scandals has raised public discontent, sparking protests and criticisms from various quarters.
Efia Odo Condemns #OccupyJulorBiHouse Arrests, Labels President ‘Dictator’
Ghanaian socialite, Efia Odo, has expressed her strong disapproval of the recent police actions against protestors of the #OccupyJulorBiHouse demonstration, referring to President Nana Akufo-Addo as a “dictator” in a tweet. She criticized the treatment of demonstrators, highlighting that they…
EC Explains Decision to Limit Voter Registration Exercise: Focus on Sanctity of Register
Deputy Electoral Commissioner, Dr. Serebuor Quaicoe, says the Electoral Commission as part of its mandate is concerned with protecting the sanctity of the voters’ register. According to him, those calling for the extension of the limited voters’ registration from the…
Ghana: Let’s Discuss State Funding of Education – President Demands Broad National Discourse
President Nana Addo Dankwa Akufo-Addo has called for a broad national discussion on state funding of education in the country. Responding to calls by some sections of the public for a review of the Free Senior High School (SHS) policy…
Ghana is in crisis – President Akufo-Addo on the state of the economy
According to him, “so many malevolent forces” such as the COVID-19 pandemic and the aggravation caused by the Russian invasion of Ukraine have contributed to the downturn in the country’s economic fortunes. President Akufo-Addo made this known on Sunday during…
I have been engaging various stakeholders in the Economy
I have been engaging various stakeholders in the Economy
No more 'junk' fees? Biden looks to crack down on hidden travel costs. – USA TODAY
Travelers can often run into unexpected fees –such as resort fees for services and amenities like Wi-Fi access or even paying to print an airline boarding pass at home.
GFA bags $1m from digital finance platform Mara, funds to prepare Black Stars for World Cup – Graphic Online
GFA bags $1m from digital finance platform
Ghana Tourism Authority orients stakeholders on the implementation of the new tourism site regulations (LI 2393) – Myjoyonline
Ghana Tourism Authority (GTA) has held a day’s orientation and training workshop in Sunyani on the implementation of the new tourism site regulations for stakeholders in the Bono, Bono East, and Ahafo Regions.
Sammy Gyamfi Attacks the NPP
The National Democratic Congress communications officer, Sammy Gyamfi, has criticised the NPP government for poor governance. He criticised the NPP over fuel prices and the economy. He was of the view that the fuel prices going up is due to…
Kennedy Agyapong is Sick in the Head
Captain Smart, Ghana’s most popular social activist has once again rained aggressive punchlines on Kennedy Agyepong and the NPP party. Again, he alleged that Adjoa Safoa was the lover who had a baby time back in history. sequel to that,…
Minister assures residents of proper use of Appiatse reconstruction funds
The Minister for Lands and Natural Resources, Mr Samuel Abu Jinapor, has assured residents of Appiatse that every contribution made towards the reconstruction of the community would be channelled through that developmental agenda. He stated that “monies donated after the…
Be Bold And Suspend E-Levy – Dr. Opuni Frimpong To Gov’t
Former General Secretary of the Christian Council Of Ghana, Rev. Dr. Opuni Frimpong, has asked the government to be bold and suspend the E-Levy policy which does not seem to sync well with Ghanaians. According to him, a proactive government…
Reduction of the Electronic Transaction Levy (e-levy)
Finance Ministry is considering the reduction of the current rate of the Electronic Transaction Levy (e-levy) further downwards. Speaking on JoyNews’ AM Show on Wednesday, Dr Dickson Adomako Kissi intimated that the levy has been reduced to 1.5%. He stated that efforts…
Accept E-Levy Or Free SHS Will Be Cancelled
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‘Investment in solar production key to bridging grid supply gaps’
By Femi Adekoya As grid supply remains inadequate to meet domestic demand for electricity, the Senior Policy Advisor, Solar Power Europe, Miguel Herrero Cangas, has urged policy makers to channel their investment decisions into solar projects for sustainable economic recovery. According…