The Institute of Chartered Accountants, Ghana (ICAG) has urged government to be prepared to account for losses from the proposed Domestic Debt Exchange Programme (DDEP).
“ICAG has made submissions already in the process, and some of the submissions are tilted to the fact that the debt restructuring will definitely have...
cheaper hydro could contribute almost 38%, not 26.1%
Electricity consumers could have been spared the burden of having their tariffs increased by as much as 30 percent if the Public Utilities Regulatory Commission (PURC) had not been overly conservative with the contribution of hydro power, which is the cheapest...
Data from Ghana Statistical Services (GSS) show there has been a substantial drop in Producer Price Inflation (PPI) - from 78.1 percent in November 2022 to 52.2 percent in December 2022.
This represents a 25.9 percentage point decrease in producer inflation relative to the rate recorded in the previous month....
some 3,195 jobs sustained by 311 firms
In light of the country’s current disturbing economic challenges, the Ghana Enterprises Agency (GEA) believes a vibrant Small and Medium Enterprises (SMEs) sector will be critical to the restoration of macroeconomic stability - resulting in the disbursement of over Gh¢65million to...
The National Petroleum Authority (NPA) has sanctioned four Oil Marketing Companies (OMCs) for engaging in illicit third-party trading and unlawful lifting of petroleum products.
Per the sanction, Finest Oil will pay a fine of GH¢160,000 comprising GH¢10,000 for engaging in third-party supplies for the first time and GH¢150,000 for the...
President Nana Addo Dankwa Akufo-Addo has described Ghana as the best place to do business in West Africa, and urged the private sector and investors in the United Arab Emirates to make Ghana their first port of call when venturing into the rfor business.
Addressing the UAE-Ghana Business Forum held...
As part of their efforts to promote digitalisation and make banking easy and convenient for their customers, Stanbic Bank Ghana has begun its annual school fees collection drive to ease the payment of school fees for students in various institutions across the country.
Head of Public Sector at Stanbic Bank,...
As part of measures geared toward ensuring broad participation in the Domestic Debt Exchange Programme(DDEP), the Ministry of Finance (MoF) has set up a technical committee to explore viable alternatives to the existing terms of the Programme.
The committee, which is comprised of representatives from the MoF, two from the...
Minister of Finance, Ken Ofori Atta, has provided the strongest hint yet, that pensioners will be excluded from the revised Domestic Debt Exchange Programme (DDEP).
“As in any society, as I say, our key issue is that a society that does not protect the elderly is not the type...
Recently in Ghana, some sellers have increased the price of their goods by as much as 300 percent. The inflation rate in Ghana as measured by Combined Consumer Price Index as at October 2022, was 40.4 percent.
Inflation is a perennial problem that has plagued Ghana. Inflation may be considered...