Ghana’s public wage bill is putting significant pressure on the country’s finances, with the World Bank raising concerns about its impact on economic stability and growth. A recent report on Ghana’s finances warns that spending on public sector wages, debt interest payments, and statutory transfers has reached unsustainable levels, leavingContinue Reading
Ghana, the world’s second-largest producer of cocoa, has seen its 2024 export earnings plummet to $1.7 billion—the lowest in 15 years. An analysis of data from the Bank of Ghana shows that cocoa export earnings have fallen below the $2 billion mark, representing a sharp 25.4% decline in just a year. This drop is largelyContinue Reading
The Accra street vendor looks at me, bemused. I’m trying to establish how the rather flimsy 30g bag of roasted cashew nuts she’s selling, beside a sweltering highway in Ghana’s capital, costs me the equivalent of about 75 cents (60p). That’s obviously not a lot of money for me, aContinue Reading
Mobile money is the most frequently used digital platform in 2024, the 2024 West Africa Banking Industry Customer Experience Survey has revealed. This represented a 7-percentage point increase compared over the previous year. According to the report, 73% of Ghanaian consumers use it weekly. Thirty two percent use it forContinue Reading
President John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as Governor of the Bank of Ghana pending approval by the Council of State. Dr Asiamah’s nomination follows the receipt and acceptance of a formal request by current Governor, Dr. Ernest Addison, to proceed on leave leading to hisContinue Reading
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison will from Monday February 3, 2025 proceed on a terminal leave as he prepares for retirement. Authentic Ghanaian cuisine recipes Information from the Central Bank confirms that Dr. Addison who has served as Governor since April 2017 is embarkingContinue Reading
Vice President, Professor Naana Jane Opoku Agyemang says Africa’s economic future hinges on deeper regional integration, as it remains the key to unlocking sustainable growth and shared prosperity. Delivering the keynote address at the 2025 Africa Prosperity Dialogues, Professor Opoku- Agyemang opined that the success of the African Continental FreeContinue Reading
The Acting Director-General of the Ghana Maritime Authority (GMA), Captain Dr. Kamal-deen Ali has pledged to build upon the strong foundation established by his predecessor. Captain Ali expressed his commitment to advancing the Authority’s objectives and ensuring continued growth in the maritime sector. Speaking during a brief handover ceremony inContinue Reading
The Minister-Designate for Communications, Digital Technology, and Innovations, Sam George, has accused the previous New Patriotic Party (NPP) administration of using the Significant Market Power (SMP) classification of MTN Ghana as a punitive tool rather than a corrective measure. Speaking during his vetting before Parliament’s Appointments Committee on Thursday, JanuaryContinue Reading
Prices of petroleum products at the pumps are set for a marginal adjustment in the next pricing window which begins on Saturday February 1, 2025. The price of diesel and liquefied petroleum gas (LPG) will see an uptick while petrol prices expected to decrease slightly. This is according to projectionsContinue Reading