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Lower oil prices dragged down the profits at Saudi Aramco by 38% in the second quarter of 2023, but the world’s largest oil company is boosting dividend payout with a new performance-linked initiative. Aramco reported on Monday a net…

Data released by the universal banks in the country during the second quarter (Q2) of 2023 affirmed stronger industry performance relative to the second quarter (Q2) of 2022. Prudential financial data released by the banks during the…

The Bank of Ghana has stated that it is working to recover the ¢60 billion loss it incurred in 2022 as a result of the Domestic Debt Exchange Programme (DDEP). According to the Head of Financial Stability Services, Dr. Joseph France, the…

Research firm, IC Research, is warning that the lingering debt settlements of government such as SWAPs and multilateral debts pose a downside risk to the country’s foreign exchange (FX) reserves in the near term. This it said should…

Ratings agency, Fitch, has indicated it will assign Ghana a positive rating once the country normalises relations with a significant majority of non-tendered securities bondholders and completes the restructuring of local-currency bonds…

A former Vice-Chancellor(VC) of the University of Ghana, Prof. Ernest Aryeetey has kicked against calls for the boarding school system in Senior High Schools(SHSs) to be scrapped. The suggestions to abolish boarding schools resurfaced…

The centre-piece of the framework to firmly put the nation on a path to economic recovery and prosperity is the Ghana Mutual Prosperity Dialogues (GMPD), a public-private partnership aimed at attracting foreign and local investments while…

The government borrowed ¢9.14 billion via treasury bills in July 2023. This is 29.11% lower compared to June 2023. The overall auctions churned bid/cover, target coverage and maturity coverage ratios of 1.01, 1.10 and 0.95…

The President of the Ghana Bar Association (GBA) has debunked claims of unfair treatment against the National Democratic Congress (NDC) by the association. According to Mr. Yaw Acheampong Boafo, GBA is committed to upholding the…

The Bank of Ghana says its decision to take a 50 per cent haircut on the government’s debt has saved the economy from collapse and sent a positive signal to external partners.  “With BoG being the absorber, the external partners are also…