BUSINESS

Ken Ofori-Atta, Minister of Finance, disclosed in the 2023 budget statement that Ghana’s public debt has increased by GH₵93 billion ($6.53 billion at the current rate) due to the depreciation of the Ghanaian cedi since the beginning of 2022. According to him, the said amount is twice more than the …

Dr. Ernest Addison, the governor of the Bank of Ghana (BoG), has expressed worry about the solvency of some Ghanaian banks. According to him, the Central Bank will put in measures to ensure that banks remain solvent. This, he said is the most important task of the Central Bank. The …

The Bank of Ghana has hiked the monetary policy rate by 250 basis points from 24.5 percent to 27 percent. Chairman of the Monetary Policy Committee and BoG Governor, Dr. Ernest Addison said the decision is expected to anchor inflation expectations in the country with the figure standing at 40.4 percent in October 2022. …

Hopeson Adorye, a one-time parliamentary aspirant of the New Patriotic Party (NPP) announced on live radio this week that he had been fired from his government job. He said during a discussion on Oman FM’s Boiling Point programme, on which he is a regular guest; that he had been fired …

CEO of Empire Domus Group and Keta indigene, Emmanuel Kojo Jones-Mensah says his attainment of a doctorate academic status must go to the benefit of humanity. In an appreciation message following his graduation from the Switzerland Rushford Business School, Dr. Jones-Mensah said he was elated at the prospects of his …

After minimal progress since its launch in January 2018, the Single African Air Transport Market (SAATM) appeared to reach a decision this week with 15 of the 35 signatory states launching a cluster to pilot the scheme in real life. The announcement is a major boost to the proposed joint …

Former President John Dramani Mahama has assured the chiefs and people of the Aflao Traditional Area of their fair share of development projects when the NDC is voted into office in 2024. He acknowledged that the previous National Democratic Congress (NDC) government was aware of the development shortfalls of the area, and by …

Nigerian billionaire Femi Otedola is one of the many shareholders in Nigeria’s oldest bank, First Bank of Nigeria Holdings Plc (FBNH), who have seen their net worth increase significantly in recent weeks as a result of the rise in the share price of the financial services group. According to data …

Crude oil prices keep plummeting. The commodity is being traded at about 87 dollars a barrel on the international market on Monday. If this development continues coupled with the Bank of Ghana’s ability to provide enough forex at a good rate for the BDCs, fuel prices in Ghana are likely to …

It is reported that a lady who accused former fetish priestess, Nana Agradaa of duping her is suspecting foul play following an acid attack on her daughter. Maame Sarah some few years ago accused Nana Agradaa, real name Patricia Oduro Koranteng, who is now an evangelist, of allegedly defrauding her …