The continuous huge borrowing on the domestic market culminated in Ghana’s domestic debt outpacing external debt for the first time in several years. According to data from the Bank of Ghana, domestic debt stood at GH¢323.7 billion, about 23.1% of Gross Domestic Debt, whilst external debt stood at GH¢305.0 billion, about 21.8% of GDP. The […]
Engineers & Planners (E&P) Company Limited has paid $100 million to the previous owners of Azumah Resources Ghana Ltd to bring closure to the Black Volta Gold mining transaction in the Upper West Region. In July, this year, E&P and the ECOWAS Bank for Investment and Development (EBID) signed a $100 million Acquisition Facility Agreement […]
Economist Professor Peter Quartey says Ghana’s economy could outperform the growth projections set by the International Monetary Fund (IMF) and the World Bank for 2025. The IMF, in its latest World Economic Outlook, forecasts Ghana’s GDP to grow by 4 per cent next year — slightly below the World Bank’s 4.3 per cent estimate. Both institutions […]
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 […]
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 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 […]
The Bank of Ghana’s gold reserves has increased to 37.06 tonnes in September 2025. According to data from the central bank, the gold reserves have risen by 21.3 percent since the beginning of 2025. The gold reserves stood at 30.53 tonnes at the beginning of January 2025 and increased to 30.62 tonnes on January 31, […]
The World Bank now expects Ghana’s economy to end 2025 with a growth rate of 4.3%, up from its earlier projection of 3.9%. This was contained in the October 2025 edition of the Africa’s Pulse Report released by the Bank in Washington, D.C., USA. The revised projection is slightly higher than the 4.4% growth target […]
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 […]
Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (£370.9bn), as the value of the electric car company and his other businesses have risen this year. The tech magnate’s net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping slightly to just […]
The Minister for Communication, Digital Technology and Innovations, Samuel Nartey George, has said a multi-agency taskforce has been formed to tackle the cross-border piracy of DStv decoders smuggled from Nigeria into Ghana. Speaking at a media briefing in Accra on Monday [Sept 29, 2025], Mr Sam George said the task force was one of the […]
Some Oil Marketing Companies (OMCs) have begun adjusting prices at the pumps, with GOIL leading the way. A litre of petrol is now selling at GH¢13.38, up from GH¢12.99 on September 2, 2025. Diesel has also increased to GH¢14.20 per litre, from GH¢13.90. GOIL, the second-largest player in the industry, is the first to adjust […]
