Strong gains in some share prices saw the GSE Composite Index (GSE CI) increase by 14.01 per cent in March compared to last month, bringing the year-to-date gain to 12.33 per cent. The continued rally of the GSE-CI was underpinned by dividend announcements from some listed companies and investors seeking to diversify their holdings. Volumes […]
The Bank of Ghana (BoG) has announced that charges that are not disclosed to a borrower in a loan agreement should be considered null and void. Describing borrowers who may suffer such ordeal as victims, the BoG also directed commercial banks and lenders to refund such monies to the borrowers. “Borrowers shall be due a […]
The world’s wealthiest individuals have built their fortunes through shrewd investments and savvy business decisions, proving the old adage that “money makes money” to be true. According to the latest Bloomberg Billionaires Index, these 20 individuals have amassed incredible wealth over the years, with their net worth skyrocketing to astronomical heights. Topping the list is […]
Some Oil Marketing Companies (OMCs) have begun reviewing prices of petroleum products downwards at the pumps from today. The expected price reduction should have commenced from last Saturday, April 1, 2023. GOIL is selling a litre of petrol at ¢12.65 and diesel for ¢12.84 pesewas respectively. Also, Star Oil is selling a litre of petrol […]
Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times. According to the Institute for Energy Security, LPG will go down by about 9%, whilst petrol and diesel will witness between 2% and 5% […]
The total value of Mobile Money transactions in the first two months of 2023 hit ¢264.1 billion, about 72.6% growth year-on-year. This significant growth shows that Mobile Money transactions is hitting record highs despite the Electronic Transaction Levy (E-Levy). In the first two months of 2022, total Mobile Money Transactions stood at 153 billion According […]
Chinese authorities have expressed their commitment to support Ghana to resolve the current short-term liquidity challenges. China will also continue to support Ghana’s medium and long-term developmental aspirations. “China believes in promoting debt sustainability and sustainable development,” the Chinese Minister of Finance, Liu Kun, said. He gave the assurance when the Minister of Finance, Ken […]
The Chief Executive Officer of Axis Pensions, Afriyie Oware, has challenged pension fund managers to stop funding the government and channel their resources into private sector to help unlock their potential for sustained growth. Mr Oware said the practice where the fund managers acted like an extension of the Ghana Revenue Authority (GRA) by mobilising […]
The Electricity Company of Ghana (ECG) has disconnected the Ho Airport in the Volta Region for owing the power distribution company GH¢63,000. The regional office of the Ghana Revenue Authority, Ho Technical University, KFC in Ho, and the Customs Excise and Preventive Service (CEPS) Training Academy in Kpetoe were disconnected for owing a combined sum […]
The government has laid before Parliament three amended bills as part of measures to revamp domestic revenue mobilisation. When passed, the Income Tax Amendment Bill, the Excise Duty Amendment Bill and the Growth and Sustainability Amendment Bill will together rake in about GH¢4 billion annually. A highly placed source at the Ministry of Finance told […]
The Otumfuo Commemorative Gold Coin is rolling out an initiative to ensure that gold sourced from all areas under his authority is responsibly mined and traded. This aligns with the Corporate Social Responsibility (CSR) of the Otumfuo Commemorative Gold Coin project. Officials of E ON 3 Group, the company that was given authorisation by the […]
The Domestic Debt Exchange Programme presents a silver lining that the country must grab with both hands and fly with it, the Managing Director of Ghana Stock Exchange, Abena Amoah has said. She said the DDEP would reset the interest rate regime of the country and also help free up capital for investment in the […]
