The Association of Ghana Industries (AGI) has urged President Mahama’s new government to promptly honor its commitment to streamline Ghana’s tax system. The association believes this would provide much-needed relief to struggling businesses. Highlighting the challenges faced by manufacturers, AGI noted that growth in the sector has been stifled byContinue Reading
Databank Research has projected an impressive year for the Ghana Stock Exchange (GSE) in 2025, forecasting the GSE Composite Index to close the year at 6,850 points. This would represent a robust annual gain of 45%, with a margin of ±500 basis points. The research firm anticipates broad-based growth, underpinnedContinue Reading
The government is expected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, representing a reduction from an estimated GH₵220 billion in 2024, according to Databank Research. This projection reflects an average weekly borrowing of GH₵3.9 billion, down from GH₵4.2 billion in the previous year. In itsContinue Reading
The National Petroleum Authority (NPA) has assured the public that there is no cause for alarm regarding the reported pockets of petrol shortage in the north. A statement issued by the NPA said following reports of pockets of shortage of petrol in the Northern part of the country, the TechnicalContinue Reading
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion the economy. This was disclosed by the Finance Minister-designate, Dr Cassiel Ato Forson, on Thursday. President John Mahama, who was sworn into office this week after beating theContinue Reading
Electrochem Ghana Limited has condemned a raid on its operations at Ada in the Greater Accra region by armed thugs who claimed affiliation with the ruling National Democratic Congress (NDC). A statement issued by Electrochem Ghana Limited says the incident, which occurred in the early hours of Thursday morning atContinue Reading
President John Dramani Mahama’s first 100 days are expected to feature a series of “scrapping” measures and tough decisions aimed at eliminating controversial tax handles introduced by the Akufo-Addo administration. In fact, in the National Democratic Congress (NDC) 2024 Manifesto, President Mahama promised to scrap four taxes, including import dutyContinue Reading
Inflation for December 2024 went up marginally to 23.8 percent from the November 2024 figure of 23 percent. This is higher than the revised 20 percent end-of-year target set by the Bank of Ghana. The marginal increase in the December inflation was influenced by rising prices of some foodstuffs onContinue Reading
The Ghana Union of Traders Association (GUTA) has appealed to banks and financial institutions to reschedule the financial obligations of traders at the Kantamanto market, following the devastating fire outbreak last week. Speaking to journalists after the association donated GH₵40,000 to support the reconstruction of the market, the First ViceContinue Reading
Fuel prices have seen a marginal increase in the first pricing window of January 2025, causing concerns among consumers and stakeholders. State-owned oil marketing company GOIL, adjusted its prices upwards, effective January 2, 2025. Petrol, which was sold at GHȼ14.75 per litre in the second pricing window of December 2024,Continue Reading