Business

Finance Minister, Dr. Mohammed Amin Adam, has projected that Ghana’s inflation rate will reach 15% by the end of 2024. During a town hall meeting in Accra, he praised the Akufo-Addo-Bawumia administration for its efforts in managing inflation amidst economic challenges. Dr. Amin Adam noted that, since taking office in …

The Ghana Cocoa Board (COCOBOD) has responded to claims of consistent default on its loans, clarifying its financial obligations and repayment status. According to COCOBOD, as of December 31, 2022, its total debt to the Bank of Ghana stood at GH¢8.24 billion. This includes a GHS1.99 billion 10-year loan facility …

The Finance Minister, Dr. Mohammed Amin Adam, has reported some progress in paying investors following the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023. According to the Minister, the third payment of the coupon will be in August 2024. An occurrence he noted proves government commitment to honor its financial …

Finance Minister Dr. Mohammed Amin Adam, has revealed that the government has invested almost GHC10 billion in the road sector since January, 2024 to enhance transportation and spur growth He made this information known to the entire country when he delivered the 2024 Mid-Year Budget Review on the floor of Parliament on …

Out of about 7.9 million registered taxpayers in the country, only about 1.5 million pay taxes. This was revealed by a Deputy Minister of Finance, Dr. Alex Ampaabeng at the launch of the 8th Ghana Economic Update by the World Bank. According to him, his outfit and the Ghana Revenue …

Finance Minister Dr Mohammed Amin Adam has engaged members of the Arab Coordination Group to support the Government’s growth strategy which targets an investment of $12 billion.   The Government, having successfully undergone both domestic and external debt restructuring and moved onto the path of economic recovery, seeks to have investments in key …

Latest data from the Ghana Statistical Service indicates that the Producer Price Inflation rate for June 2024 has increased to 25.9%, higher than the 23.6% recorded in May 2024. This rate indicates that between June 2023 and June 2024, the rate increased by 25.9 per cent. The increase represents a …

Ghana Hostels Limited has announced the room rates for the 2024/2025 academic year at the African Union, commonly known as Pent Hostel, at the University of Ghana. National students will pay GHC 6,663.30 per academic year for a room in the New Pent block and GHC 5,955.00 per academic year for …

Ghana’s Foreign Affairs and Regional Integration Minister, Shirley Ayorkor Botchwey, has announced that a new bill concerning the Ghana Boundary Commission is currently before Parliament. “The Parliament of Ghana is considering a new act that will enhance the capacity of the Ghana Boundary Commission to meet international best practices. Our region …

The Social Security and National Investment Trust (SSNIT) has announced that selling 60% of its shares in four hotels to a private investor was the only viable option to restore its financial stability. This decision comes amidst concerns about a change in management and controversies suggesting that SSNIT did not follow due …