Local Business

Ghana’s Public Debt Hits GH¢761.2bn, 75.7% of GDP

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%

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

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

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

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

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

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

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

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

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…