IC Research, the research arm of IC Securities, believes the Bank of Ghana will cut its policy rate for the first time since November 2024 in July 2025. This is coming after the Monetary Policy Committee (MPC) of the Bank of Ghana increased the policy rate by 100 basis pointsContinue Reading
The Commerce Division of Tema Oil Refinery (TOR) Ltd. has kicked off 2025 with exceeding its February revenue target. The division generated an USD 2,919,515.27—more than double the initial target of USD 1,166,820.00—marking the highest monthly revenue in the refinery’s last three years This extraordinary milestone, according to internal sources,Continue Reading
Ghana’s treasury bill yields have witnessed a significant decline since the beginning of the year. The yield on the 91-day bill has dropped sharply by 12.55% to 15.86%. That of the 182-day bill has also plummeted to 16.93%, a 12.04 percentage points fall. Finance Minister, Dr. Cassiel Ato Forson toutedContinue Reading
The government has reiterated its commitment to tackling the recently imposed 10% universal tariffs by the United States on imports from Ghana and other countries. The U.S. announced on April 2, 2025, that a 10% tariff would be applied universally on imports from all nations, including Ghana, effective April 5,Continue Reading
The Ministry of Trade, Agribusiness & Industry has assured the Ghanaian private sector, especially major exporters, investors and the general public of the government’s commitment to engage the USA on the current imposition of tariffs on Ghanaian products. This is to avoid trade disruptions and investment decisions in the country.Continue Reading
Claim: A Facebook user alleged that Dr Mahamudu Bawumia, the former Vice President of Ghana, is a co-owner or shareholder of Hubtel, he gets a percentage share from payments made to the Electricity Company of Ghana (ECG) through the app. Verdict: False! DUBAWA’s checks at the Office of the Registrar General indicate thatContinue Reading
The Bank of Ghana (BoG) has assured the Ghana Union of Traders Association (GUTA) that it remains committed to creating a stable and supportive macroeconomic environment for businesses, despite current inflation-fighting policies that have pushed interest rates higher. At a stakeholder meeting held at the Bank Square on April 4,Continue Reading
The Bank of Ghana (BoG) met with the leadership of the Ghana Union of Traders Association (GUTA) on Friday at the Bank Square to address growing concerns from the trading community over rising interest rates and their impact on business operations. The meeting, part of BoG’s broader stakeholder engagement followingContinue Reading
The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has revealed that the ministry spends approximately $15 million each year on rent for Foreign Service Officers stationed abroad. He described the figure as a major strain on the ministry’s budget, stressing the need for long-term solutions. To address the issue, theContinue Reading
About 70 percent of businesses in Ghana generate less than GHS10,000 annually, with just 0.01 percent earning over GHS1 million, according to the latest Integrated Business Establishment Survey (IBES) released by the Ghana Statistical Service (GSS). The report reveals both significant growth in the number of businesses and persistent structuralContinue Reading