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The Bank of Ghana (BoG) has rolled out a new methodology for calculating its Foreign Exchange (FX) Market Reference Rate (MRR), aligning with international best practices for enhanced accuracy and reliability. This ensures that the rate…

Brent crude and the U.S. benchmark shed well over 2% on Thursday on mainstream media rumors that Saudi Arabia is planning to unleash more oil on the market, with the Kingdom willing to give up its $100-per-barrel price target. According to…

Crude oil prices ticked slightly higher earlier today but soon reversed course as the United States, the European Union and several Arab nations called for a temporary ceasefire between Israel and Lebanon. In more bearish news, the…

The Public Interest and Accountability Committee (PIAC) is raising concerns over the financial viability of the Ghana National Petroleum Corporation (GNPC) should it be weaned off cash allocations from the Petroleum Holding Fund by 2026 per…

The Bank of Ghana says it recognises the importance of gold as a reserve asset and the strategic role it plays in economic development. However, it wants the exploitation of the precious metal to be done responsibly to ensure that the…

Yields on the Treasury market have continued an upward trajectory as government faces increasing challenges in raising its auction targets. The latest auction saw yields on the 91-day bill increase by 9 basis points (bps) to 25.01…

Parts of the country have been hit by shortage of supply of Liquified Petroleum Gas (LPG). Reports indicate long queues at some LPG stations in the Greater Accra region on Thursday September 26, 2024. The LPG Marketers Association of…

The economy loses an estimated US$2.3billion annually – a figure just US$700million short of the funds secured through the country’s three-year International Monetary Fund (IMF) bailout programme – to illegal mining and gold smuggling.…

Arda Turk Ghana Limited has filed a lawsuit at the Accra High Court, and a Motion on Notice seeking among other reliefs an interlocutory injunction to restrain the Ghana Revenue Authority (GRA) from auctioning its assets illegally. The…

The United Arab Emirates (UAE) continues to be Ghana's leading export destination, with transactions reaching GH₵15.0 billion in the second quarter of 2024, according to data from the Ghana Statistical Service (GSS). This highlights the…