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The Bank of Ghana(BoG) has fined Zeepay Ghana Limited,  a fintech company for breaching the country’s forex law. According to BoG, the company failed to use the average interbank exchange rate published by the Ghana Association of Banks…

The government says it will demystify the business environment through its regulatory regime framework set to be presented to parliament for approval. According to the Trade and Industry Minister, K.T Hammond, his outfit is committed to…

Financial Economist, Professor Lord Mensah is warning that Government’s quest to reduce interest rates and inflation may face some setbacks in 2024. He is concerned the projected budget deficit for next year, and the expenditure targets…

The inability of the government to touch base with those in the informal sector to collect taxes from them and create a mechanism where they can be captured in the tax bracket has been attributed to laziness on the part of the government.…

Africa’s oil production is set for a gradual decline in 2024, the African Energy Chamber said in a new report on the industry this weekend. The chamber forecasts “relative calm” in the global oil market for the remainder of 2023, NJ…

This week, both OPEC and the International Energy Agency (IEA) revised their oil demand forecasts higher, citing record Chinese consumption and resilient economies.   Oil market participants, however, focused on rising U.S. crude oil…

Earlier this week, the Financial Times reported Denmark was considering the start of inspections and potential blocks of Russian oil tankers carrying crude across its waters in the EU’s latest attempt to enforce a price cap on oil exports…

Crude oil prices began the week with gains amid mounting expectations that OPEC+ will deepen voluntary production cuts. Both Brent crude and West Texas Intermediate posted modest gains in mid-morning trade in Asia today, with Brent crude…

Ghana will record an average inflation of about 18.0% by the end of 2024, The Economist Intelligence Unit (EIU) has projected. This will be a significant fall from the average of about 38% in 2023. According to the UK-based firm,…

Ecobank and the African Guarantee Fund (AGF), a specialised pan-African guarantee provider, have joined forces in a groundbreaking $200 million risk-sharing agreement, aimed at catalysing economic growth and supporting entrepreneurial…