Today's Ghana Business, Banking and Economic news

The International Monetary Fund (IMF) supported the Bank of Ghana’s financing of the government in 2022 as a crisis management tool to help keep government machinery running and the economy together, the central bank has said.

The extended window that government offered bondholders to complete tender processes as part of the controversial Domestic Debt Exchange Programme (DDEP) elapses today, February 10, 2023.

Ghana Day, a special initiative by the Ministry of Lands and Natural Resources to spark the interest of foreign investors in Ghana’s mining industry was held on Wednesday, February 8, 2023 in Cape Town, South Africa.

Mrs. Pamela Djamson-Tettey, the Managing Director of Ghana Airports Company Limited, has called for an urgent review of the GHC 5 Airport Passenger Service Charge (APSC) per passenger for domestic air travel.

Disney chief executive Bob Iger says he is cutting 7,000 jobs in a major shake-up of the entertainment giant.

The National Petroleum Authority (NPA) has announced its decision to take legal action against Oil Marketing Companies (OMCs) that have defaulted on the payment of Primary Distribution Margin (PDM) fund.

Government has extended the window for bondholders to complete tender processes as part of the controversial domestic debt exchange programme.

The Customs Division of the Ghana Revenue Authority (GRA) says its objective of creating an inter-generational exchange among customs officers is in line with the World Customs Organisation’s (WCO) agenda to place younger generation at the heart of global customs transformation.

A delegation from the Africa Export and Import Bank (AfriExim Bank) has paid a courtesy call on a Deputy Minister for Finance, John Kumah.

The National Pe­troleum Authority (NPA) has assured the public that the Gold for Oil (G40) initiative will meet 50 percent of the country’s oil demands by March 2023.

MTN Ghana will from February 7 begin the implementation of the 15 percent upward review of its mobile data prices for both Pay Monthly and Pay-As-You-Go users.

The National Petroleum Authority (NPA) has revealed that the initial 40,000 tonnes of diesel that arrived in January under the Gold-for-oil policy were valued at US$40 million.

President Akufo-Addo on Friday urged Germany to “encourage” China, an ad hoc member of the Paris Club, to support Ghana’s debt restructuring efforts.

Some 11 out of 27 Oil Marketing Companies (OMC) that benefitted from the Gold for Oil policy have failed to reduce prices of their commodities, Dr Amin Adam, the Deputy Minister for Energy has said.

Introduction:

1. The Gold for Oil (G4O) Programme is an initiative of the Government of Ghana to use the existing Bank of Ghana (BoG) Domestic Gold Purchase (DGP) Programme to support the import of petroleum products into Ghana.