Business

The Bank of Ghana's (BoG) inability to provide sufficient Dollars to Bulk Oil Distribution Companies (BDCs) for importing petroleum products is exacerbating the cedi's depreciation.…
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Despite significant efforts to curb financial fraud, the banking and SDI sectors in Ghana experienced an alarming rise in loss values due to fraud in 2023. However, collaborative…
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While the number of attempted fraud cases in the banking and Specialized Deposit-taking Institutions (SDI) sectors declined sharply by 59% in 2023 compared to 2022, the total loss value…
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Payment Service Providers (PSPs) recorded a total loss of GH¢16 million in 2023, resulting from 14,655 reported fraud cases. Although this loss represents a 38% decline compared to the…
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Government has announced an increase in the producer price of cocoa for the 2024/25 season, setting it at GH₵48,000 per tonne, or GH₵3,000 per 64 kg bag. This marks a significant rise…
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The banking sector posted strong performance during the first six months of 2024, on the back of sustained increases in deposits and other funding sources. The financial soundness…
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MTN Ghana emerged as one of the biggest winners at the 35th Chartered Institute of Marketing Ghana (CIMG) Awards, securing three prestigious accolades. The telecommunications giant was…
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Government has extended an invitation to holders of approximately $13 billion in international bonds to participate in a debt swap as part of a broader restructuring effort. This move…
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The Bank of Ghana (BoG) has successfully auctioned $20 million to Bulk Oil Distribution Companies (BDCs) at an exchange rate of GH¢15.6062 to $1. This represents a 0.8% appreciation in…
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The National Lottery Authority (NLA) has publicly issued licenses to 15 Private Lotto Operators (PLOs), in a historic move marking a significant step towards enhancing the regulation…
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