BUSINESS NEWS

The Member of Parliament for Tamale Central, Ibrahim Murtala Muhammed, is skeptical that President Akufo-Addo will terminate the appointment of the Finance Minister after Ghana successfully brokered a deal with the International Monetary Fund (IMF). The President in 2022 had promised to let go of Ken Ofori-Atta once he had …

The President of Ghana, H.E Nana Akufo-Addo says certain conditions that prevailed in the country forced his government to run to the International Monetary Fund (IMF) for a bailout. Speaking for the first time since the approval of the bailout, Nana Akufo-Addo debunked claims his government sought the support as …

The Minister of Finance and also Member of Parliament for Ejisu constituency of the Ashanti Region, Lawyer Hon. John Ampontuah Kumah has commenced a free vocational skills training for residents within his jurisdiction. The duration is 7 days and will cover courses including; washing powder, pastries, liquid soap, hair conditioner, …

The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam has revealed what the first tranche of money received from the International Monetary Fund (IMF) will be used for. According to him, part of the money will be used to support the government’s policies and programmes approved by …

The National Communications Authority (NCA) says it is working with internet service provider, Surfline, to ensure that consumers’ interests in relation to data services are protected. The NCA in a press statement dated Thursday, May 18, 2023, said the authority was aware of Surfline’s operations and service outage as well …

Ghanaians seeking to enjoy a 10% reduction in transport fares may have their hopes dashed following the refusal of some drivers to bring down fares. Ghana Road Transport Coordinating Council (GRTCC) in a joint press release with the Ghana Private Road Transport Union (GPRTU) on Monday, May 15th, 2023 revealed …

After months of missed deadlines, the Nana Addo Dankwa Akufo-Addo government finally clinched the approval of the board of the International Monetary Fund (IMF) for the $3 billion bailout it started seeking in November 2022. Ghana’s 17th visit to the IMF for a ‘bailout’ has been attributed to the mismanagement …

Following the approval of the economic support programme for Ghana by the International Monetary Fund (IMF), the Central Bank Act is expected to witness some amendments as part of efforts to boost independence and address fiscal dominance. This was contained in a country report issued by the Fund on May …

Introduction: In May 17th, 2023, the Public Utilities Regulatory Commission (PURC) with government of Ghana announced an 18.36% increase in utility tariffs, which includes electricity, water. The average end-user tariff for electricity by 18.36% for the second quarter of 2023, adding on to an almost 30% increase in the first …

Governor of the Bank of Ghana (BoG) Ernest Kwamina Yedu Addison has revealed that the first tranche of $600 million from the International Monetary Fund’s $3 Billion credit facility, will hit the bank’s account on Friday, May 19, 2023. Speaking at the IMF and the Finance Ministry’s joint press conference …