Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year. Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector. […]
Ghana has launched the first phase of its Work Abroad Programme, with Romania as the initial destination for skilled workers. The initiative, led by the Youth Employment Agency (YEA) in collaboration with the Ghanaian-European Centre and European labour institutions, aims to provide structured employment opportunities while ensuring fair wages and safe working conditions. Speaking at […]
The Ghana cedi lost 1.57% to the US dollar on the retail market last week despite the Bank of Ghana’s intervention of US$137.35 million. This took the year-to-date loss to 2.66%. It was the second week running that the local currency slipped against the American greenback after an impressive session. The announcement of the scrapping […]
US President Donald Trump has pledged to impose more tariffs after his latest move to introduce import taxes on steel and aluminium entering the US prompted retaliation from the European Union (EU) and Canada. Trump said “of course” he would respond to the countermeasures, repeating his warning to reveal “reciprocal” tariffs next month on countries […]
Ineos Automotive, the vehicle maker owned by multi-billionaire businessman and Manchester United co-owner, Sir Jim Ratcliffe, has recalled more than 7,000 of its sport utility vehicles (SUVs) in the US. The recall centres on latches that may not engage properly, which could lead to the doors on Grenadier SUVs opening while being driven “increasing the […]
The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has described the 2025 Budget Statement and Economic Policy as welcoming. This comes after the Finance Minister in the 2025 budget presentation announced the abolition of several taxes, including the Covid-19 levy, Betting Tax and E-Levy. In an interview on Joy FM‘s Newsnight […]
Finance Minister Dr Cassiel Ato Forson has taken a firm stance against using taxpayer money to recapitalise the Bank of Ghana (BoG). This follows revelations that the central bank had signed a memorandum of understanding (MoU) with the previous administration to receive a ¢53 billion bailout. Speaking on Joy News’ PM Express on Tuesday, March 11, after […]
The Finance Minister has outlined strategic measures to address the fiscal gap that will arise from its decision to abolish several taxes, including the E-Levy, Betting Tax, and COVID-19 Levy. Speaking during the presentation of the 2025 Budget Statement and Economic Policy on March 11, Dr. Cassiel Ato Forson assured that the shortfall will be […]
Finance Minister, Dr. Cassiel Ato Forson, will today present the 2025 Budget Statement and Economic Policy to Parliament, marking the first comprehensive financial roadmap of the Mahama administration since assuming office. The highly anticipated budget is expected to outline bold policy measures aimed at stabilising the economy, fostering growth, and addressing the nation’s fiscal challenges. […]
The Minister of Finance, Dr Cassiel Ato Forson has stated that the 2025 Budget and Policy Statement will be pivotal in stabilising Ghana’s fragile economy, warning that the country remains in financial distress despite recent interventions. Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay on Sunday, March 9, […]
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has announced the suspension of the country’s Gold-for-Oil programme due to unspecified policy and operational challenges. The decision marks a significant shift in Ghana’s economic strategy, as the initiative was originally designed to reduce reliance on foreign exchange for fuel imports and stabilise domestic […]
The Bank of Ghana (BoG) has warned banks to desist from photocopying the National Identification Cards (Ghana Card) of their clients for transactions as such a practice would attract sanctions. According to the central bank, biometric verification remained the standard process for identity authentication. The Deputy Head of Financial Integrity of the BoG, Ashitei Trebi-Ollennu, […]
