Adoa News Adoa News

The Bank of Ghana (BoG) has urged exporters to repatriate all export proceeds through the formal banking system, warning that failure to return foreign earnings weakens the country’s foreign exchange reserves and undermines efforts to stabilise the cedi and contain inflation. Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, said unreturned export proceeds limit the country’s ability to …

Finance Minister Dr Cassiel Ato Forson has expressed optimism that Ghana’s economy will grow beyond the International Monetary Fund’s (IMF) revised projection of 5.7% for 2026. The minister’s remarks follow the IMF’s upward revision of Ghana’s growth forecast from 4.6% in April, representing an increase of 1.1 percentage points. Reacting to the revised outlook, Dr Ato Forson said the government …

The Supreme Court has dismissed a judicial review application by former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer Solomon Asamoah, seeking to overturn a ruling by a trial judge and prevent her from continuing to hear the criminal case against him. Mr Asamoah and former GIIF Board Chair Professor Ameyaw Akumfi are standing trial over allegations that they caused …