The outgoing Akufo-Addo administration has reiterated its claim of performing better relative to the administration it inherited when it comes to the economy as borne out by data from the Bank of Ghana and the Ministry of Finance on several key indicators. Government sources argue that despite the severe economicContinue Reading
The Board of Directors of the Agricultural Development Bank (ADB) Plc has explained that the renewal of a $750,000 contract this month is not exceptional but a normal process, necessary for the continuous provision of critical and essential services to the bank. The Board said in a statement that theContinue Reading
On Monday, December 23, security personnel of Electrochem Ghana Limited successfully intervened in an illegal mining operation within the company’s concession at the Songor Lagoon. The incident occurred during a routine patrol of the lagoon, which has undergone significant restoration under the company’s stewardship following years of environmental degradation causedContinue Reading
Total bids received for treasury bills auction in November 2024 was estimated at GH¢21.5 billion. This fell short of the government’s gross target of GH¢22.8 billion. The government allotted all bids to exceed the refinancing obligation by 8.3%. However, it fell short of the target by 5.5% with a sustainedContinue Reading
Ghana will return to single digit inflation in the first quarter of 2026. According to IC Research, it shifted forward its forecast to quarter one 2026, on the back of the sluggish disinflation and earlier forex pressure. “We also flag the renewed external policy uncertainty as a risk to exchangeContinue Reading
A bag of onions is recording an astronomical increase in both the retail and wholesale markets in the Ashanti region. A bag of the commodity is currently selling at nearly 4,000 cedis from its initial cost of about 3,000 cedis at the beginning of the year. A bucket of largeContinue Reading
Governor of the Bank of Ghana, Dr. Ernest Addison, has revealed that he took over leadership of the Central Bank during a turbulent period when the International Monetary Fund (IMF) had recommended drastic measures to stabilize the country’s financial sector. According to him, the IMF had recommended sweeping reforms, includingContinue Reading
The Ghana Shippers’ Authority (GSA) has cautioned players in the commercial shipping sector not to charge shippers (importers and exporters) for delays at the port not occasioned by them. In a statement released on 24th December 2024 and signed by the Chief Executive Office, Kwesi Baffour Sarpong, the GSA stressedContinue Reading
Traders at the Avenor livestock market in Accra are grappling with unusually low sales during this year’s festive season, attributing the downturn to soaring prices of livestock. The price hikes, they say, are largely driven by the high exchange rate between the Ghanaian cedi and the West African CFA Franc,Continue Reading
Inflation is expected to end 2025 within the range of 10% to 12%. According to Databank Research, this will potentially prompt the Monetary Policy Committee (MPC) of the Bank of Ghana to adopt a cautious approach to policy easing. Professional services firm, Deloitte had already predicted an average inflation ofContinue Reading