Exercise prudence in adjusting lending rates up – BoG Governor to banks
The Bank of Ghana Governor, Dr. Johnson Asiama, has urged commercial banks to exercise prudence in adjusting their lending rates following the increase in the policy rate. According to him, the commercial banks should maintain transparent communication with clients in carrying out this action. He disclosed this at a meeting with captains of the commercial […]
Zimbabwe and Other Countries That Offered to Drop All Tariffs on U.S Goods
Zimbabwe and Other Countries That Offered to Drop All Tariffs on U.S Goods When U.S. President Donald Trump unveiled a sweeping policy of reciprocal import tariffs, it sent shockwaves through global markets and governments alike. Some countries, including Zambia, had already offered to eliminate all tariffs on U.S. goods in a bid to avoid being […]
No Contractor Will Be Paid Until Audit Is Complete – Finance Minister Declares
No Contractor Will Be Paid Until Audit Is Complete – Finance Minister Declares Minister for Finance, Dr. Cassiel Ato Forson, has firmly stated that no payments will be made to government contractors until a comprehensive audit of outstanding arrears is completed by the Auditor-General. Speaking at a high-level meeting with Chief Directors from the various […]
Ghanaian Importers and Exporters Decry U.S. Tariff Hike, Urge Government Intervention
Ghanaian Importers and Exporters Decry U.S. Tariff Hike, Urge Government Intervention The Importers and Exporters Association of Ghana has expressed strong dissatisfaction with the recent 10% tariff increase imposed on imports from Ghana by the United States government. The association described the move as a violation of global trade protocols and a significant threat to […]
Trade Minister Hints at Business Regulatory Reform Programme Implementation to Boost Private Sector Growth
Trade Minister Hints at Business Regulatory Reform Programme Implementation to Boost Private Sector Growth The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has reaffirmed the government’s commitment to improving Ghana’s business environment through the implementation of the Business Regulatory Reform Program (BRRP). Speaking at the launch of the 2024 Ghana Business Ready Report by the World […]
Parliament Repeals Betting Tax as Income Tax (Amendment) Bill Passes
Parliament Repeals Betting Tax as Income Tax (Amendment) Bill Passes Parliament has passed the Income Tax (Amendment) Bill, effectively abolishing the controversial betting tax. The bill now awaits President John Mahama’s assent to become law. The betting tax, imposed on sports betting and related wagers, had faced widespread opposition from industry players and the public. […]
Ghana’s total public debt falls to GH¢726.7bn in December 2024; fiscal deficit-to-GDP estimated at 5.2%
Ghana’s total public debt fell by GH¢15.8 billion month-on-month to GH¢726.7 billion in December 2024, the Bank of Ghana has disclosed in its March 2025 Summary of Financial and Economic Data. In November 2024, the country’s total public debt stood at GH¢742.5 billion. However, in dollar terms, the total debt stock was estimated at US$49.4 […]
GBfoods Ghana Strengthens Trade Partnerships with Key Distributors
‘Hosts inaugural Conference to drive business growth’ GBfoods Ghana, a leading food manufacturing company and market leader in tomato cooking bases and taste enhancers, has successfully hosted its inaugural Key Distributor Conference. The event, held in Accra and Kumasi, brought together key trade partners from across the country to discuss business strategies, enhance collaboration, and […]
Fight against corruption: Team Europe launches 12.7m euros project
Team Europe (European Union and Germany) have announced the launch of a 3-year “Strengthening the Rule of Law and Fight Against Corruption in Ghana” project as part of a broader initiative to support good governance and foster accountability in Ghana under the programme “Participation, Accountability and Integrity for a Resilient Democracy” (PAIReD). PAIReD is commissioned […]
PwC Pre-Budget Survey: Between 60% and 70% of business leaders want solutions that will stabilise economy
Between 60% and 70% of business leaders want the government to prioritise solutions that would result in the Ghanaian economy in a stable and stronger Ghana cedi, reduced public debt, and low interest rates. Over 50% also expect the 2025 Budget to help bring inflation to single-digit. According to the PwC Ghana 2025 Budget Digest, […]