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The government is being urged to stop using monetary policy to cure economic challenges that emanate from the wrong implementation of its fiscal policies. A Professor of Finance and Economics at the University of Ghana, Legon, Professor…

Business conditions in Ghana continued to improve as the second half of the year got underway, with a further softening of cost pressures helping to support demand. Overall input prices increased at the joint-softest pace in 38 months…

Former President John Dramani Mahama has criticised President Nana Akufo-Addo’s decision to allocate over GHc500 million to the National Cathedral project to the detriment of the Saglemi housing initiative. In a Facebook post, the NDC…

The Finance Minister, Ken Ofori-Atta has justified the comment he made during the presentation of the 2023 mid-year budget review to the effect that Ghana’s economy has “turned the corner”. He insisted that there has been some progress,…

Oil prices ended their rally on Monday, falling nearly 1% as market sentiment weighs concerns of falling demand now that the peak of the summer driving season is behind us.  At 12:10 p.m. ET on Monday, Brent crude was trading at $85.53,…

Crude oil prices inched lower on Monday but remained elevated following a six-week winning streak. Supply concerns spiked when Ukrainian forces attacked two Russian oil tankers in the Black Sea over the weekend. “The Ukrainian naval…

The relentless drive of OPEC+ to keep driving oil prices higher, as predicted by OilPrice.com some time ago, was seen again in last week’s extension of major additional cuts made to the initial reductions in output first put into place last…

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…