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
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has warned that the US tariffs announced by President Donald Trump pose a significant risk to the global outlook at a time of sluggish growth. In a statement, the IMF boss said her outfit is still assessing the macroeconomic implicationsContinue Reading
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal Reserve’s ability to lower interest rates further, Fitch Ratings has revealed The “Liberation Day” tariff increases outlined by the US government on 2nd April, 2025 sharply exceeded the already steepContinue Reading
The Electronic Money Issuers (EMIs) Chamber of Ghana says all E-Levy charges made on mobile money and other electronic transfers from April 2, 2025, will be refunded by April 7. The Chamber represents the body for all Dedicated Electronic Money Issuers (DEMIs) including AT Money, G-Money, Mobile Money Limited, TelecelContinue Reading
The Institute of Public Policy and Accountability (IPPA) has urged the Finance Minister, Dr. Cassiel Ato Forson not to celebrate over the recent sharp fall in treasury bills, saying the decline in the interest rates is artificial. In a statement, it said the lower treasury bill yields would have aContinue Reading
The Institute of Public Policy and Accountability (IPPA) believes the Bank of Ghana rushed in increasing its policy rate by 100 basis points to 28%. According to the policy think tank, though inflation remains high, above 20%, it has declined for two consecutive months, and therefore, the Monetary Policy CommitteeContinue Reading
Government and some leading Chinese mining enterprises have officially inaugurated the Association of China-Ghana Mining (ACGM). The high-profile inauguration ceremony took place on April 3, 2025, at the Kempinski Hotel Gold Coast City in Accra, marking a milestone in Sino-Ghanaian collaboration in the extractive sector. The event was graced byContinue Reading