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Business
PSPs record GH¢16m loss in 2023 amid rising fraud incidents
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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45% producer price increase sends a bag of cocoa to GH₵3,000
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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Banks record GH¢5.4bn profit-after-tax in 6 months
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 clinches 3 top honours at the 35th CIMG awards
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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Govt launches restructuring offer for $13bn Eurobonds
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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Pressure on Cedi: BDCs request $70.1m, but BoG provides only $20m
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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NLA resumes swoops on illegal lotto after licensing 15 companies
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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Ghana-Switzerland bilateral trade reaches $3bn in 2023
Ghana’s exports to Switzerland surged to an impressive $3 billion in 2023, positioning Switzerland as Ghana's top export partner. This marks a significant increase from the $1.5 billion…
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APN, AAI to host Global Africa Forum in New York on 25 September
Africa Prosperity Network (APN), organizers of the Africa Prosperity Dialogues (APD), in collaboration with the Africa-America Institute (AAI), a premier U.S.-based international…
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NLA to partner global Lottery leader, scientific games
The National Lottery Authority (NLA) of Ghana is on the verge of entering a transformative partnership with Scientific Games, a move that could significantly enhance its global…
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