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The Minority in Parliament is demanding a refund of some $2 million paid in 2019 as a premium to acquire ordinary shares for the development of the Accra Sky Train Project. The Auditor General in its 2021 report described the transaction as a net liability. This, according to the Auditor-General, was executed through the Ghana Infrastructure Investment Fund’s acquisition of …

Fitch Solutions has confirmed its position that economic activities in Ghana will get worse before getting better in 2023. This is coming despite the expansion of the economy by 4.2% year-on-year in the first quarter of 2023. According to the UK-based firm, the relatively appreciable growth rate in the first three months of 2023 was primarily driven by strong government …

The Bank of Ghana has added over 7.70 tonnes of monetary gold to the existing 8.7 tonnes of gold reserves as of June 30, this is according to the Governor of the Bank of Ghana Dr. Ernest Addison He said this has been made possible through the domestic gold purchase program.According to him, mining firms accounted for about 80% and …