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Economy
NDC added 32.75% to Ghana’s debt stock opposed to the modest 10.68% by the NPP – Danquah Institute

NDC added 32.75% to Ghana’s debt stock opposed to the modest 10.68% by the NPP – Danquah Institute

A development economist and the Head of Research at the Danquah Institute, Dr. Frank Bannor, says the stark rate of debt accumulation reveals that on average, the NDC government added 32.75% to Ghana's debt stock

Business
Ghana’s economy grew by 2.9% in 2023

Ghana’s economy grew by 2.9% in 2023

Ghana's Gross Domestic Product (GDP) grew by 2.9% in 2023. This is a decline from the 3.8% growth in 2022. This is according to data released by the Ghana Statistical Service on Wednesday. The Statistical

Economy
IMF bailout has turned economy around – Akufo-Addo

IMF bailout has turned economy around – Akufo-Addo

Ghana's decision to ask the International Monetary Fund (IMF) for balance of payments support has paid off, according to President Nana Addo Dankwa Akufo-Addo. He credits the IMF support package for the recent drop in

Economy
The cost of living in Ghana is high – Hassan Ayariga

The cost of living in Ghana is high – Hassan Ayariga

Dr Hassan Ayariga, Founder and Leader of the All People's Congress (APC), has expressed concern over the high cost of living in the country. He added that the reality at most markets does not support

Business
Mobile Interoperability Key to Financial Inclusion and Intra-Africa Trade- Ernest Addison

Mobile Interoperability Key to Financial Inclusion and Intra-Africa Trade- Ernest Addison

  Dr Ernest Addison, the Governor of the Bank of Ghana, has given a keynote speech on the importance of mobile interoperability for financial inclusion and intra-Africa trade at the ongoing African Prosperity Dialogue, summit

Business
Jospong Group and EKI Energy Services Announce Ambitious $1 Billion Carbon Credit Financing Project in Ghana

Jospong Group and EKI Energy Services Announce Ambitious $1 Billion Carbon Credit Financing Project in Ghana

The Jospong Group of Companies (JGC) has taken a significant step towards environmental sustainability by partnering with EKI Energy Services Ltd to venture into carbon credit development in Ghana. The collaboration, sealed through a Memorandum

Business
“Ghana Has Turned The Corner; Now Working Towards A More Resilient, Transformed Economy” – Pres Akufo-Addo

“Ghana Has Turned The Corner; Now Working Towards A More Resilient, Transformed Economy” – Pres Akufo-Addo

The President of the Republic, Nana Addo Dankwa Akufo-Addo says after a turbulent start to the 2020s, African economies have since 2023, consolidated their recovery and demonstrated resilience and adaptability while navigating an uncertain global

Economy
Pensions Allowance Goes Up By 15%

Pensions Allowance Goes Up By 15%

In cooperation with the National Pensions Regulatory Authority (NPRA), the Social Security and National Insurance Trust (SSNIT) has increased monthly pensions by 15% starting in 2024. As a result, retirees now receive a 15% higher

Economy
Rice farmers at Gbedembilisi lament as several bags go waste over failed promise

Rice farmers at Gbedembilisi lament as several bags go waste over failed promise

Rice farmers at Gbedembilisi in the Builsa South District of the Upper East Region are frustrated over the failure of a company to purchase their yields as agreed on earlier. Over thousands of tons of

Business
Momo agents to restrict maximum withdrawal to Ghc1000 from December 1

Momo agents to restrict maximum withdrawal to Ghc1000 from December 1

Mobile Money (MoMo) agents in Ghana will impose a temporary measure, effective December 1, 2023, capping cash withdrawals at GH¢1,000 per transaction, in an effort to provide just recompense for their services. Four MoMo Associations—the