Petroleum product prices are expected to increase marginally at the pumps from Friday, January 17, 2025. This has been influenced by rising prices of crude oil on the international market and recent pressures on the cedi. The Cedi started 2025 on a losing streak, depreciating marginally by 0.38% to the US dollar in the retail […]
The US Supreme Court has agreed to hear last-ditch legal arguments from TikTok as to why it should not be banned or sold in the US. The US government is taking action against the app because of what it says are its links to the Chinese state – links which TikTok and its parent company […]
Ghana placed 5th in Africa as the largest holder of central banks gold reserves, data from International Statistics has revealed. The country also placed 60th globally, According to the figures, the nation boasts of 28.1 tonnes of gold reserves, about 41.2% of the reserves. The country’s gold reserves have increased steadily since May 2023, when they stood […]
Ghana’s economy grew by 7.2 % in the third quarter of 2024, provisional figures released by the Ghana Statistical Service has revealed. Compared to the second quarter of 2024, the economy grew by 6.9%. The Services sector continues to be the largest of the Ghanaian economy with a share of 42.9% of Gross Domestic Product […]
Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing to deliver its decision on the tax dispute with the Ghana Revenue Authority (GRA). The case centres around a $400 million tax assessment, and a verdict is expected by the close […]
The International Monetary Fund (IMF) Executive Board has completed the third review of Ghana’s 36-month, $3 billion Extended Credit Facility (ECF) program, initially approved in May 2023. The review’s conclusion paves the way for an immediate disbursement of Special Drawing Rights (SDR) 269.1 million (approximately $360 million), bringing total disbursements under the program to around […]
The Institute for Liberty and Policy Innovation (ILAPI) has revealed that the Bank of Ghana (BoG) currently holds a substantial sum in three currencies- Cedis, British Pounds, and US Dollars, all from dormant accounts in financial institutions across the country between 2016 and 2023. In Ghanaian cedis, more than GH₵167.8 million is held by BoG. Additionally, the bank has […]
The commencement of new oil wells under the Jubilee South East project has significantly boosted Ghana’s crude oil production. This has led to a 10.7 per cent increase in output and a record high for the country’s petroleum receipts. According to the 2024 semi-annual report by the Public Interest and Accountability Committee (PIAC), the total […]
The price of Bitcoin surged to an all-time high of $75,255 Tuesday night as early results from the US presidential election began to roll in, with former President Donald Trump taking an initial lead in the Electoral College. The Associated Press reported a 7.7% increase in Bitcoin’s value, while share prices and bond yields also […]
This inclusion is part of Google’s expansion of African language support, which now covers 15 new languages across the continent, enhancing accessibility for over 300 million people. Developed in collaboration with Google’s AI Research Center in Accra, this update enables Ghanaians to search, type, and translate directly in Twi using voice commands. This integration will […]
Deputy Transport Minister, Hassan Tampuli has urged the public to disregard the Concerned Drivers Association’s notice of a 15 per cent fare increase set for November 2. According to him, fare adjustments depend on factors like fuel price stability, inflation, and other economic indicators, which he says are currently stable. Speaking to JoyNews, Mr Tampuli stated, […]
Government is intensifying its efforts to bring private sector engagement into the operations of the Electricity Company of Ghana (ECG) as part of a major reform to stabilise the sector’s finances and ensure long-term sustainability. Finance Minister Dr Mohammed Amin Adam highlighted the urgency of these reforms at the recent IMF/World Bank meetings, pointing out […]
