The Bank of Ghana successfully raised GHS 887 million through the issuance of its 56-day bills, auctioned at an interest rate of 28.9 percent on Wednesday, May 22, 2024.
Dr. Bernard Tetteh-Dumanya, a financial economist and consultant, has flagged serious corporate governance deficiencies in the sale of SSNIT’s shares in six hotels to Rock City Hotel, a company owned by Bryan Acheampong, Ghana’s Minister for Agriculture.
Ghana’s banking industry continues to exhibit robust growth, with total assets reaching an impressive GHS 306.8 billion, marking a significant uptick from the previous month’s valuation of GHS 297.4 billion.
Ghana’s trade dynamics displayed notable resilience in April, with the trade balance registering a robust uptick, reaching $744 million, equivalent to 0.9% of GDP, compared to $673 million in March, representing 0.8% of GDP.
Dr. Paa Kwesi Nduom has called on the Government to settle a debt of GHS 7.1 billion owed to GN Bank, a defunct financial institution that was closed during the Bank of Ghana’s sweeping financial sector reforms in 2017.
The government has instituted a new monthly stakeholder dialogue with both local and foreign businesses to fast-track the processes of doing business in Ghana.
Ghana's cocoa regulator will borrow up to $1.5 billion by September to finance 2024/25 cocoa purchases and compensate for low output, two COCOBOD sources with knowledge of the arrangement said on Sunday.
Ghana's long-running debt restructuring inched another step closer to the finish line on Friday after the country's bilateral creditors - the likes of France and China - sent over a draft 'memorandum of understanding' for their $5.4 billion part of the deal.
The Government has announced plans to bolster support for Small and Medium Enterprises (SMEs) through the rollout of comprehensive training programmes aimed at enhancing their capacity and competitiveness.
Businesses which bear the brunt of the local currency have called on the government and the Bank of Ghana (BoG) to act urgently to save the falling Ghana cedi.
Tullow Oil plc has announced a financial investment of approximately US$90 million over a period of 10 years in Emissions Reduction Purchase Agreement (ERPA) with Ghana’s Forestry Commission.
A report by international audit firm KPMG has revealed that the Ghana Revenue Authority (GRA) entered into six contracts with the Strategic Mobilisation Ghana Limited (SML) without the approval of the Public Procurement Authority (PPA).
Ghana's crude oil production saw a decrease of 6.78% in 2023, contributing to an average annual decline of 9.2% over the past four years, according to the Public Interest Accountability Committee's (PIAC) 2023 Annual Report on the Management and Use of Petroleum Revenue.
