Economy grows 4.7% first quarter

Ghana’s economy grew by 4.7 per cent year-on-year in the first quarter of this year, compared to the 3.8 per cent recorded in the same period last year, the Ghana Statistical Service (GSS) has revealed. Mining and quarrying, information and communications as well as the crops sub-sectors witnessed enormous activities that pushed growth in productivity […]

Finance Ministry getting ready to pay customers of liquidated financial institutions – Bawumia

Vice President, Dr. Mahamudu Bawumia says the Ministry of Finance is making arrangements to reimburse clients of companies liquidated by the Securities and Exchange Commission (SEC) during the financial sector clean-up exercise. The move, according to Dr. Bawumia, is aimed at bringing relief to affected investors while promoting transparency and accountability within the financial market. […]

NLA-European Lottery Association foster greater partnership as players in Ghana’s lottery industry receive training

The National Lottery Authority (NLA) and the European Lotteries Association have forged and fostered deeper collaboration aimed at enhancing their operational capabilities. To this end, experts from the European Lotteries Association who are currently on a working visit to the NLA, have held comprehensive training sessions for major players in Ghana’s lottery industry. Beneficiaries of […]

Here are The Richest Countries in Africa Based on their Global GDP Per Capita

The Global Finance Magazine has released the latest ranking of countries worldwide based on their GDP per capita Countries were evaluated using GDP-PPP (Purchasing Power Parity) per capita, which considers differences in cost of living and inflation, providing a more accurate picture of economic well-being Nations with sophisticated financial sectors, lucrative natural resources, favourable tax […]

Illicit financial flows in gold mining sector: Ghana loses millions — Study

A recent study has revealed that Ghana is losing millions of cedis through illicit financial flows (IFFs) in the gold mining sector.  The study, dubbed “increasing domestic revenue mobilisation by promoting corporate, natural resource and professional integrity”, was conducted with support from the Integrated Social Development Centre (ISODEC) in collaboration with the Global Financial Integrity. […]

Full KPMG report: SML deal requires Parliamentary approval for contract enforceability

Accounting and advisory firm, KPMG, has recommended an “orderly resolution” in the contract between the Ghana Revenue Authority (GRA) and the Strategic Mobilisation Limited (SML), including parliamentary approval. “The contract did not receive parliamentary approval as required by section 33 of the Public Financial Management Act, 2016 (PFMA Act 921). Parliamentary approval should be sought […]

Ghana Stock Exchange reaches record GH¢80billion market capitalization

In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of […]

Ghana to become eighth African country to approve Elon Musk’s Starlink

The National Communications Authority (NCA) has approved the application of Space X Starlink GH LTD, operators of Starlink Satellite Broadband, to offer Satellite Broadband Services in Ghana. Advertisement The approval of the application follows the policy approval of the Satellite Licensing Framework in Ghana by the Ministry of Communications and Digitalisation. The administrative processes toward […]