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The November 2023 Summary of Economic and Financial Data by the Bank of Ghana has put the depreciation of Ghana’s currency, the cedi, at 25.8% as of November 2023. Per the data, the cedi had remained relatively stable between March and September 2023, selling at GHS 11.01 and GHS 11.13 …

Former Speaker of Parliament, Prof. Aaron Mike Oquaye, says the country will continue to run to the International Monetary Fund (IMF) for financial support until it utilizes its natural resources well and pays attention to agriculture. He said investments in the sector would give rise to giant industries that would …

The Minority in Parliament, Cassiel Ato Forson has called on President Akufo-Addo to immediately cause the withdrawal of a regulation seeking to restrict the importation of rice, fruit juice, margarine, cement, fish, sugar and 16 other “strategic products”. The Trade Minister, Kobina Tahir Hammond, who is pushing this regulation hopes it will help …

The Ghana Chamber of Telecommunications (GCT) has called on the government to lower the Electronic Transfer Levy (E-levy) from 1% to 0.5% and impose a 0.5% levy on cash-outs to align the policy with Ghana’s digital-first strategy. “Our recommendation to the Ministry of Finance is to consider reducing the levy …

Top officers of the Ministry of National Security have intervened to stop the leadership and members of the “Fixing the Country Movement” from going ahead with their planned picketing exercise at the office of former President John Mahama, in Labone, over their demand for more action by the Office of …

Legendary sound engineer Hammer has announced his album release and return to music. HAMMER write ” i’ve been working on my new compilation album for a while now. The album is mostly dominated by the new school artists and blessed by some veteran artists as well. Production commenced around August …

The Minerals Commission has stated that the Commission completely rejected an application submitted by High Street Ghana Limited for a license to mine in the Kakum National Park and therefore the said application not given any attention whatsoever. In a press statement signed by the chief executive officer, Mr Martin Kwaku Ayisi, …

The Information Minister, Kojo Oppong Nkrumah, has revealed that the government has established a comprehensive mechanism aimed at addressing the increasing cases of attacks on journalists in the country. Speaking on JoyNews’ The Probe, the minister emphasized the need for more severe punishment to serve as a deterrent to individuals involved …

City authorities in Kumasi have announced an ambitious project to deal with filth and also to create jobs. Authorities say the Holistic Reinforcement for Sustainable Development (HORESD) programme also aims at restoring the Ashanti regional capital to its former glory as “The Garden City”. A staggering 70% of revenue generated by city authorities in …

Fitch Ratings has upgraded Ghana’s Long-Term Local Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The ratings agency has also affirmed the country’s Long-Term Foreign-Currency IDR at ‘RD’ and the Country Ceiling at ‘B-‘. Fitch has assigned ‘CCC’ ratings to two interest-only bonds issued on completion of pension funds …