Category: Business

No matter how unpleasant or painful the Debt Exchange programme that was launched by the Finance Minister Ken Ofori-Atta is, Ghanaians must accept its existence and move on, a Financial Analyst, Mr Joe Jackson has said.   Mr Jackson further asked the government to also play its part in resolving the economic challenges by cutting spending after introducing...

The Bank of Ghana (BoG) has upgraded the GH¢1 coin with enhanced security features. The upgraded GH¢1 coin will be issued into circulation from Monday, December 12, 2022, a statement from the Bank of Ghana has said. The coin is similar to the existing GH¢1 coin in shape, form and images; the Coat of Arms...

 Finance Minister, Ken Ofori Atta,  in a press conference in Accra on Monday, December 5, 2022, has call on the public not to withdraw their finances from banks and various savings and loans institutions. This is as a result  based on reports that some customers of Databank and Ecobank have lost hundreds of cedis on...

The Finance Minister Ken Ofori-Atta has justified the introduction of the debt exchange programme as announced in the 2023 budget statement. He said the programme has become necessary because of the enormous challenges with debt servicing. Launching the programme in Accra on Monday December 5, he revealed that debt servicing is consuming “almost of government’s revenue and...

The Finance Minister says government has made significant progress with its negotiations with the International Monetary Fund (IMF). Ken Ofori-Atta said the Fund has assured of its strong support to the country in these difficult times. According to him, a preliminary fiscal adjustment path, and debt strategy have been agreed upon. Presenting the 2023 budget...

Fifty-two point eight six percent of businesses, according to a 2023 Pre Budget Survey by accounting and auditing firm, KPMG have indicated that their organisations have been impacted by galamsey activities. They are therefore proposing that government implement stringent measures to tackle the galamsey menance. Whilst 44.1% of the respondents who have been impacted by...

The Minister of Finance, Ken Ofori-Atta has hinted that the 2023 budget will roll out pragmatic policies that revive the economy from the grappling effect of the current crisis. The Finance Minister maintains that his tenure has seen some amount of significant improvement in the economy. He made these comments when he appeared before the...

The Importers and Exporters Association is warning of possible food shortages and a further surge in food inflation in the coming days. The warning comes on the back of the announcement by the Bank of Ghana to cease the supply of forex for the importation of some commodities in accordance with President Akufo-Addo’s directive in...

Banks have been directed by the Bank of Ghana (BoG) that from today, Thursday November 17, they should no longer provide foreign exchange to persons for the import of rice, poultry, vegetable oil, tooth picks, pasta, fruit juice, bottled water, ceramic tiles and other non-critical goods. Sources within the BoG confirmed this to 3news.com on Thursday...

The Importers and Exporters Association of Ghana says government must do well to remove the one per cent Covid 19 Health Recovery Levy in the  2023 budget statement following an assurance by  Majority Leader, Osei Kyei Mensah Bonsu that the budget will be read before November 30 The 2021 budget proposed a one per cent...