Ghana’s gold export jumped to a record high in the first-half of 2024, Mr Martin Ayisi, the Chief Executive Officer (CEO) of the Minerals Commission, has said.
The government is finalising a 20-year lease arrangement with a new investor to inject funds into Komenda Sugar Development Company Limited to restore and maintain its operations.
The Bank of Ghana (BoG) has announced a centralised foreign exchange trading platform, which requires that all persons seeking to buy or sell foreign currencies provide a Ghana Card or passport for foreign nationals and undergo biometric verification.
The Government has handed over some 2,240 units of earth-moving equipment and ancillary tools to the 261 Metropolitan, Municipal and District Assemblies (MMDAs) for road construction, upgrading and rehabilitation works.
The 2023 Auditor General’s Report has uncovered several financial and procedural irregularities involving Oil Marketing Companies (OMCs) and the Bulk Oil Storage and Transportation Company (BOST).
The Bank of Ghana has announced that the total number of Mobile Money (MoMo) transactions for June 2024 dipped significantly, falling from the May figure of GH¢668 million to GH¢644 million.
Parliament has applauded the government’s new tax relief arrangement in the Exemptions Act 2022 (Act 1083), which allows the State to convert taxes into equity.
The government raised GHS 4.06 billion through the issuance of short-term debt instruments on Friday, July 26, falling short of its GHS 4.77 billion target.
The banking sector is showing signs of recovery from impacts of the Domestic Debt Exchange Programme (DDEP) with private sector credit extension improving, but a sharp rise in non-performing loans (NPLs) threatens to derail progress according to latest data from the Bank of Ghana (BoG).
Dr. Ernest Addison, Bank of Ghana Governor, has expressed confidence in the Bank’s improved capacity to protect the economy from external shocks and maintain stability in the foreign exchange market.
Governor of the Bank of Ghana, Dr Ernest Addison, says the Central Bank has enough foreign reserves to make payment for the upcoming $478m in debt service to the country’s Eurobond holders.
