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Morocco's largest mining company Managem has taken control of the Boto gold project in Senegal under a deal worth $197-million, it said on Wednesday. The deal is part of a transaction last year to buy the assets of Canada's Iamgold, which…

Former President John Mahama has urged Health Minister Kwaku Agyemang Manu to resign after the latter listed some challenges faced by the National Health Insurance Scheme (NHIS). The former president suggested that Mr Agyemang Manu must…

The National Tomato Transporters and Sellers Association have attributed the surge in tomato prices in recent weeks to the current difficulties in importing from conflict-ridden Burkina Faso, which have led to the shortage in the country.…

The economy is set for a slowdown again this year after failing to grow as expected in 2022. Growth slowed down to 3.1 per cent last year, below the target of 3.7 per cent, and is now set to dip further to below two per cent this year.…

Financial Economist, Professor Godfred Bokpin has taken a swipe at the Bank of Ghana (BoG) for publishing what he believes is “unreliable” data on the country’s international reserves. According to him, the Central Bank is on record for…

Trading activity in the Ghanaian secondary bond market gained some momentum, as aggregate volume traded surged last week to ¢331.54 million. Investor interest in the new bonds was slightly above the old bonds, as the 4-year (coupon:…

Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. It has also downgraded to ‘CC’ from ‘CCC’ and subsequently withdrawn the issue ratings on five local-currency bonds…

Banks must blame themselves for the huge losses recorded in their books because of heavy concentration of their portfolios in Government of Ghana securities. According to a Senior Finance Lecturer at the University of Ghana Business…

Despite a substantial redemption reprofiling and significantly lowered interest rates, rating agency, Fitch estimates that the present value of  Ghana’s public debt-to-Gross Domestic Product (GDP) has been reduced by only one percentage…

The country earned an amount of US$1.42billion as oil revenue for 2022, the highest since commercial production began in 2011, despite a 5.98 percent drop in production during the year under review. The amount, which was contained in…