The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies. The cedi in the last two weeks has been on a path of resurgence against all the major trading currencies. The local currency is currently trading at ¢8 to a dollar on the interbank market. […]
A former Finance Minister, Dr Kwabena Duffuor, has proposed the establishment of a National Economic Rescue Team to help find immediate and lasting solutions to the current economic challenges. He said the depth of the economic crisis and the ongoing attempt to restructure the domestic debt towards macroeconomic stability and recovery of the economy call […]
Finance Minister Ken Ofori-Atta has assured that treasury bills (T-bills) are exempted from government planned debt exchange programme. He gave the assurance in a statement issued on Sunday, December 4, 2022. According to Mr Ofori-Atta, small investors, individuals and other vulnerable groups who have invested in T-bills are exempted from the debt exchange exercise. “Treasury […]
The Accra High Court has rejected an amount of Ghc90m by William Ato Essien, the Founder of the defunct Capital Bank to possibly escape jail in a trial in which he has been accused of stealing depositors fund. Justice Eric Kyei Baffour was ready today with his judgment but had to pause after lawyers for […]
The National Communications Authority (NCA) has successfully registered 42.7 million Subscriber Identification Module (SIM) cards of mobile network operators (MNOs) in the country. They are the SIM cards that have gone through the two-stage registration process of linking them to the Ghana Card and also capturing the biometric data of their owners to match the […]
The government and CalBank are close to sealing a $25 million deal to finance small-scale mining operations in the country. The deal is part of arrangements being made by the government with financial institutions to bolster small-scale mining activities, including community mining. The Deputy Minister of Lands and Natural Resources responsible for Mines, George Mireku […]
From January 2023, the Ghana government will exchange gold for oil. That is gold produced locally will be exchanged for a portion of the petroleum needs of Ghana. The “Gold 4 Oil” programme will enable the country to use part of the gold produced locally to purchase oil as part of measures the government is […]
MTN Ghana will commence the complete disconnection of all SIM cards that have completed Stage 1 (Linkage of Ghana Card ID to SIM Card) but have not completed Stage 2 (Biometric Capture) (“Not fully registered with the Ghana Card”) from December 01, 2022. As such, it will deactivate the SIM cards of 5,701,149 subscribers on […]
The Ministry of Communications and Digitalisation (MoCD) has announced that all unregistered SIM cards will be completely deactivated on November 30, 2022. The Ministry, in a statement issued on November 11, 2022, said: “All SIM cards which have completed the first stage of the registration exercise but not done the second phase will be blocked […]
The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are likely to be reduced by Monday, November 14, 2022. There has been a recent hike in fuel prices, including diesel and petrol. Diesel is currently selling for more than GH¢23, while the price of petrol is hovering around GH¢18. But speaking to Roselyn […]
President Nana Addo Dankwa Akufo-Addo has said the talks with the International Monetary Fund (IMF) and the 2023 Budget will seek to address the concerns of Ghanaians and inject their aspirations into the management of the economy. He said it was for that reason he had, in the last three weeks, been meeting various stakeholders […]
In an effort to halt speculation and stabilitise the foreign exchange market in the country, the Bank of Ghana will hold (Tuesday October 25, 2022) hold series of discussions with the leadership of universal banks and Forex Bureau Associations, starting Tuesday. The Minister of Information, Kojo Oppong Nkrumah, who made this known at a press […]
