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The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, is concerned about the tendency on the part of individuals to keep large volumes of foreign currencies in their homes. Commenting on the alleged report that the immediate past…

Data from the Bank of Ghana indicate that the total Mobile Money(M0Mo) transactions for the first half of 2023 increased by 78% to ¢859 billion. Compared to the same period in 2022, total MoMo transactions raked in ¢479 billion, the…

The banking sector’s profitability improved in the first half of 2023, as banks profit-after-tax stood at ¢4.3 billion, up from ¢2.8 billion. This represents a 51.4% increase. According to the Bank of Ghana, the strong profitability…

Chocolate-making raw material cocoa's prices rose to the highest in more than 12 years in New York on Tuesday , only a few weeks after its prices jumped to the highest in 46 years in London, as traders and chocolate producers face…

Saudi Arabian side Al Hilal have made a world record £259m bid for Paris St-Germain forward Kylian Mbappe, reports the Press Association. The 24-year-old France captain, who has a year left on his contract, has refused to sign an…

The Monetary Policy Committee(MPC) of the Bank of Ghana has increased its policy rate by 50 basis points to 30%. This is a 0.5% increment from the previous 29.5% held in May 2023. This increment is targeted at stemming the rising…

The Office of the Special Prosecutor (OSP) has been inundated with calls to investigate the resigned Sanitation Minister, Cecilia Dapaah, over alleged huge cash stolen from her by her househelps. The house helps, 18-year-old Patience…

The government has been admonished to review its approach to tackling rising inflation. According to Economist, Dr. Kojo Aboagye-Debrah, the Bank of Ghana’s demand-focused Inflation-Targeting framework appears to be failing. Speaking…

The average lending rate fell to 31.5% in June 2023, from a high of 35.8% in January 2023. This is equivalent to an average of 2.625% per month on loans charged by the banks. According to data from the Bank of Ghana, the average…

Some female legislators are calling for financial assistance from various civil society organizations and other stakeholders to conduct their constituency duties effectively. The lawmakers believe that the support would contribute to…