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“New, lower import duty regime out very soon” – Akufo-Addo assures

President Akufo-Addo has indicated that reforms to Ghana’s import duty regime which will bring down the high duties prevailing in Ghana’s ports, are in the offing, and will be rolled out soon. With many having petitioned the State to intervene ...

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Ken Ofori Atta briefs parliament on IMF prog., Cedi Depreciation others

Finance Minister, Ken Ofori Atta will later today, March, 28,2019 brief parliament on Ghana’s successful completion of the IMF programme. The International Monetary Fund (IMF) has concluded its eighth review of support for Ghana under the Extended Credit Facility signaling ...

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Cedi Depreciation: Bawumia speaks on April 3

Vice President Dr. Mahamadu Bawumia will lead an economic management team town hall meeting with stakeholders on the economy on April 3 in Accra. Minister for Information Kojo Oppong Nkrumah who disclosed this at a Press Briefing in Accra said ...

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IMF congratulates Ghana for successfully completing ECF-supported program

Ghana is concluding its four-year ECF-supported program with the International Monetary Fund(IMF). The ECF-supported program paved the way for a significant improvement of Ghana’s macroeconomic performance, though challenges remain. On March 20, 2019, the Executive Board of the International Monetary ...

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Japanese car maker “Suzuki” to establish production plant in Ghana

Japanese car maker, Suzuki Motors Corporation, has announced its intention to establish an assembling plant in Ghana to start production of Suzuki vehicles to feed the company’s growing African market. The Department General Manager for the Middle East Africa Automobile ...

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Cabinet approves Downstream Petroleum policy; more jobs and revenues to follow

Cabinet has approved a Policy on Ghanaian content and Participation in the Downstream Petroleum Industry in Ghana. The Policy is intended to ensure a Ghanaian-driven and Ghanaian owned petroleum downstream industry capable of attracting increased local value-added investments and enhanced ...

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Bawumia goes into hiding as cedi falls freely against dollar – Fmr. Dep. Local Gov’t Minister

Former Deputy Minister of Local Government and Rural Development under the erstwhile Mahama administration, Emmanuel Kwadwo Agyekum has urged Vice President Dr. Mahamudu Bawumia to come out of his hiding to arrest the sharp depreciation of the Cedi to the ...

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Kofi Nti not fired – GRA

The Ghana Revenue Authority (GRA) has denied media reports that its Commissioner-General and two other commissioners have been sacked by President Akufo-Addo. Information were rife Tuesday morning, that Emmanuel Kofi Nti, together with Issac Crentsil, commissioner for customs and Kwasi ...

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Ghana seeking $750 million loan from StanChart, Standard Bank

Ghana is in talks with Standard Chartered Plc and Standard Bank Group Limited for a bridge loan of $750 million and will repay the facility with the proceeds of a Eurobond sale, reports Bloomberg. The Ministry of Finance listed the ...

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Learn from the Menzgold saga – Akufo Addo to Ghanaians

President Akufo-Addo for the first time spoke on the MenzGold saga when delivering the State of the Nation Address (SONA 2019) in Parliament. The President  urged Ghanaians to learn lessons from the issue as the State tries to unravel the ...

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