Local Business
Ghana’s Public Debt Hits GH¢761.2bn, 75.7% of GDP
September 27, 2024
Ghana’s Public Debt Hits GH¢761.2bn, 75.7% of GDP
Ghana’s public debt has surged to GH¢761.2 billion ($51.1 billion), accounting for 75.7 percent of GDP.According to the latest Bank…
Monetary Policy Committee Cuts Interest Rate to 27%
September 27, 2024
Monetary Policy Committee Cuts Interest Rate to 27%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has made a significant move to boost the economy…
Ghana’s Cedi Faces Steep Decline Against Dollar, Global Currencies
September 27, 2024
Ghana’s Cedi Faces Steep Decline Against Dollar, Global Currencies
Ghana’s local currency, the cedi, has taken a hit, depreciating against all major trading currencies, according to the latest Bank…
No Justification for Dissolving ECG Board – Afenyo-Markin
September 27, 2024
No Justification for Dissolving ECG Board – Afenyo-Markin
The Electricity Company of Ghana (ECG) Board Chairman, Alexander Afenyo-Markin, has rejected calls for the dissolution of the board. This…
BoG Adopts New Approach for Determining FX Market Reference Rate
September 26, 2024
BoG Adopts New Approach for Determining FX Market Reference Rate
The Bank of Ghana (BoG) has introduced a new methodology for computing its Foreign Exchange (FX) Market Reference Rate (MRR),…
ACEP Demands ECG Board Dissolution Following Top Executive’s Departure
September 26, 2024
ACEP Demands ECG Board Dissolution Following Top Executive’s Departure
The Africa Centre for Energy Policy (ACEP) has renewed its call for the Electricity Company of Ghana (ECG) board to…
Government Under Fire: Minority Alleges Dubious Gas Contract Amid Energy Crisis
September 26, 2024
Government Under Fire: Minority Alleges Dubious Gas Contract Amid Energy Crisis
The Minority in Parliament has accused the government of signing a questionable $800 million gas contract through the Ghana Gas…
GNPC Teeters on Brink of Financial Collapse as Government Debt Hits $1 Billion
September 26, 2024
GNPC Teeters on Brink of Financial Collapse as Government Debt Hits $1 Billion
The Ghana National Petroleum Corporation (GNPC) is facing a financial crisis due to the government’s massive debt of almost $1…
UK Raises Alarm Over Gold Smuggling in Ghana
September 25, 2024
UK Raises Alarm Over Gold Smuggling in Ghana
The UK government has expressed deep concern over the escalating rate of gold smuggling in Ghana, warning of its severe…
Gerald Group Partners with Blue Gold to Revitalize Bogoso and Prestea Mines
September 24, 2024
Gerald Group Partners with Blue Gold to Revitalize Bogoso and Prestea Mines
The Minerals Commission of Ghana has taken a significant step by appointing a six-member caretaker team to oversee operations at…