BUSINESS

To help shore up the foreign exchange reserves of the Bank of Ghana, starting September 1st, the Bank of Ghana will purchase gold from gold mining companies in the country at world market prices but payment will be made in cedis. This was the agreement between the Economic Management Team, …

Former President, John Dramani Mahama has said the continuous depreciation of Ghana’s cedi “in recent days, clearly shows that the mid-year review of the 2022 budget failed to win back the confidence of the investor community”. The cedi as of August 9 is selling at GH¢9.12 to the US Dollar. …

UPDATE: GT Bank Ghana has rectified an earlier report suggesting that it will no longer accept ’50 and 20 paper notes’ for banking transactions effective August 31. The bank in an email to its customers clarified that the currency denomination it meant to refer to was the UK pounds sterling which …

    Presidential Aspirant of the New Patriotic Party, Hon Joe Ghartey has said that the country should do all it can to continue to attract foreign investment. Hon. Ghartey who is the author of Ghana’s leading legal text on foreign investment, Doing Business and Investing in Ghana, made this …

Professor of applied economics at Johns Hopkins University-USA, Steve Hanke, has suggested that the country’s economic outlook does not look favourable. The academic in a Twitter post on August 6 pointed to the depreciating Cedi as the reason for his claim. In his view, the country needs a currency board …

The Registrar of Companies, Jemima Oware, has indicated that dead people still persist as shareholders and directors of some companies in the country as many companies have failed to update their details and file annual returns. The registrar explained that filing of annual returns simply means updating the company registration …

Ghana’s Digitalization agenda spearheaded by Vice President Dr. Mahamudu Bawumia has been praised by International IT Expert and Chief Executive Officer (CEO) of Ad Dynamo, Sean Riley. Commenting on Ghana’s quest to digitalise its economy, Mr. Riley noted that Ghana was far ahead of many of its contemporaries, adding that the country …

Parliament has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the realisation of shares listed on the Ghana Stock Exchange for five years. Mr. Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament moved for the …

When two people wed, they typically exchange vows to be together for better and for worse, for richer or for poorer, in good times and bad, and so on… According to an interview with Afrimax TV, however, a man known as ‘ Theodomir ‘ tells his sad stories by saying …

Bright Simons, a Vice President of Imani Africa, has indicated that the government of Ghana failed to signal forcefully to the market intentions for fiscal consolidation hence Standard and Poor’s (S&P) Global Ratings of the country to CCC+/C from B-/B. According to him, such conduct by the government will further …