At the close of the second quarter of 2023, net profit posted by GOIL and attributable to shareholders stood at GHS 40.6m, a significant decline from the GHS 64.4m recorded same period last year.
Despite the current balance of payment deficit, Fitch Solutions, a renowned rating agency, has projected that Ghana’s balance of payments will shift into a surplus for the years 2023 and 2024.
Organised Labour has raised its voice against the government’s proposal to introduce a Cost of Living Allowance (COLA) in the upcoming salary negotiations for public sector employees.
A Deputy Finance Minister, Dr John Kumah has urged the Public Interest Accountability Committee (PIAC) to spearhead the call for a revision of existing petroleum agreements so that Ghana can benefit more from its oil production.
The Director of Research at the Institute of Economic Affairs (IEA) has defended the Bank of Ghana (BoG) against undue blame for its participation in the government’s Domestic Debt Exchange Programme (DDEP), which contributed to the central bank’s financial loss in 2022.
The MTN Group has reported that MTN Ghana repatriated some US$10.5 million (GH¢118.72 million) to the group in the first half of this year ending June 30, 2023.
The Youth Employment Agency (YEA) has exceeded its 2023 youth employment projection by 16 percent, Chief Executive Officer (CEO) of YEA, Kofi Baah Agyepong, has said.
The Council of the Ghana Stock Exchange (Exchange) has announced the appointment of Mr. Frank Yoofi Mensa Berle as the Deputy Managing Director of the Exchange, with effect from July 11, 2023.
The financial health of the Ghana Grid Company Limited (GRIDCo) has taken a significant hit, with a staggering 99.5% reduction in profit before tax for the year 2021, leaving the company with a meager ¢1.296 million compared to the previous year’s profit of ¢270.704 million in 2020.
China has opened a visa application centre in Accra to promote trade and economic growth between the two countries, as trade between the two countries reached US$10.27 billion in 2022.
NDC Caucus in Parliament has swiftly responded to the recent explanation given by the Bank of Ghana on the circumstances that led to the GH¢60.8 billion loss recorded in 2022.
Ghana’s inflation maintains its upward trajectory, surging for the third consecutive month and hitting a fresh peak of 43.1% in July, surpassing the previous level of 42.5%.
