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The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed concern about the increase in the policy rate by the Bank of Ghana to 29.5%, saying it will exacerbate the challenges confronting businesses in Ghana, resulting in…

The government will borrow ¢1.34 billion on the Treasury market this Friday March 31, 2023. This will be done through the issuance of the 91-day and 182-day Treasury bills. However, the expected amount is far less than the ¢3.206…

US regulators are seeking to ban Binance, the world's largest crypto trading platform, alleging that the firm has been operating in the country illegally. The lawsuit from the Commodity Futures Trading Commission (CFTC) said…

The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which will mature in 2025 and 2026.  This is because the group’s Corporate Business Plan does not project sufficient free cash…

In the wake of aggressive actions by the government to raise more domestic revenue to shore up its finances, an economist wants greater compliance in the collection of Value Added Tax (VAT). According to him, what the country needed at…

Neighbouring Burkina Faso has secured funding from the International Monetary Fund (IMF) to help fight a deteriorating food insecurity that has been worsened by insecurity, climate change and other global events. The IMF approved $80.77…

The January 2023 update of the Bank of Ghana’s Composite Index of Economic Activity (CIEA) indicates a contraction in economic activity by 7.6% in February 2023. This is compared to a growth rate of 4.2% in the same period of 2022.…

Al Jazeera’s latest investigation piece, titled the Gold Mafia, has uncovered a band of criminals who on a monthly basis scoop $40 million worth of gold out of Ghana.  The Investigative Unit of Al Jazeera in the first episode of a…

The Bank of Ghana (BoG) Governor, Dr. Ernest Addsion, has announced a reversal of the cash reserve ratio on local currency deposits for banks, raising it from 12 percent to 14 percent effective April 13 as part of measures aimed at…

The US will intervene on Ghana’s behalf with the Paris Club as the country seeks debt forgiveness as part of the International Monetary Fund’s balance of payment support. This was made known by the US Vice President, Kamala Harris at a…