Ghana’s oil output peaked in 2019 – PIAC warns of sharp production decline

Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena. Speaking on JoyNews’ PM Express Business Edition on October 14, he revealed that Ghana recorded […]

Nearly 70% of emigrating medical doctors default on their loans – Ghana Association of Banks CEO

The Chief Executive Officer of the Ghana Association of Banks, John Awuah, has revealed that nearly 70% of medical doctors who take loans from local banks and emigrate default on repayment. Speaking on Joy News’ PM Business Edition with George Wiafe on October 9, he said the development has become a worrying trend within the banking sector. […]

New York City sues social media companies for allegedly addicting children

New York City filed a new lawsuit accusing Facebook, Google, Snapchat, TikTok and other online platforms of fueling a mental health crisis among children by addicting them to social media. Wednesday’s 327-page complaint in Manhattan federal court seeks damages from Facebook and Instagram owner Meta Platforms, Google and YouTube owner Alphabet, Snapchat owner Snap and TikTok […]

T-bills auction: Government fails to meet target again, but interest rates decreased marginally

Investors continued to shift their investments into Bank of Ghana bills and fixed deposits, as they prefer financial instruments with higher returns. According to auction results by the Bank of Ghana, the government failed to meet its target for the second week running. It was actually undersubscribed by 30%. The Treasury received GH¢2.59 billion of […]