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Business
Cedi depreciation, creditors cash adds GH₵134bn to public debt in 6 months
The depreciation of the cedi and disbursements from creditors have significantly impacted the nation's public debt, adding GH₵134 billion in just six months.
This increase has raised…
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Arab-Africa Financial Consortium to promote Africa’s rapid growth
Chairman of the Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), Dr. Fahad Aldossari, has assured African leaders, financial institutions, and business…
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Development economist praises Dr. Bawumia’s proposed tax reforms
Development Economist Dr. Frank Bannor has endorsed Vice President Dr. Mahamudu Bawumia's proposed tax reforms, describing them as essential for Ghana's accelerated growth and…
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DBG to channel GH₵1.4bn to SMEs, IFC to provide $400m
The Development Bank Ghana (DBG) is set to inject nearly GH₵1.4 billion into the financial sector to be loaned to viable Small and Medium Enterprises (SMEs).
Additionally, the…
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Official Creditor Committee approves Ghana’s deal with Eurobond holders
Ghana’s bilateral lenders, through the Official Creditor Committee (OCC), have approved the government’s agreement with Eurobond holders to restructure approximately $13.1 billion in…
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Mobile interoperability holds potential to replace Africa’s single currency dream -Dr Bawumia
Vice-President Dr. Mahamudu Bawumia has called on African countries to prioritize mobile money interoperability over the long-standing goal of achieving a single currency.
He made this…
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Using mobile money to buy and sell across Africa
For over sixty decades, from the Mali Empire through to the OAU Summit of May 1963 and incrementally to date, African unity has remained but a collective dream. One that has…
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Farmers to absorb global market fluctuations under new cocoa pricing system
The Ministry of Finance has introduced a reform in the producer price determination mechanism aimed at enhancing efficiency and financial viability within Ghana’s cocoa industry.
At…
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Dr Adam urges end to speculative actions on cedi
The Minister of Finance, Dr. Mohammed Amin Adam, has issued a caution against speculative activities affecting the Ghanaian cedi, urging individuals to desist from actions that could…
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Plastic manufacturers threaten shutdown over 5% excise tax
Members of the Ghana Plastic Manufacturers Association are threatening to halt production for a week if its request for extensive consultation with the Ministry of Finance on the…
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