Finance
Ghana Loses US$11.4 Billion in Small-Scale Gold to Smuggling – IMF Report
Ghana: Ghana is estimated to have lost 229 tonnes of artisanal and small-scale gold worth US$11.4 billion to smuggling between 2019 and 2024, according to an International Monetary Fund (IMF) report. The report said the gold is missing from Ghana’s
President Mahama Reveals Plans to Refresh Cedi
Accra: For many economics students, concepts like inflation, interest rates, and monetary policy remain abstract ideas confined to textbooks and lecture halls. But for participants in the inaugural Monetary Policy Committee (MPC) Educational Observers…
Government On Track for 2.2% Deficit Target Despite Capex Shortfall
Accra: Government is set to meet its 2026 fiscal target after keeping first-half expenditure below programme and revenue close to projections, despite capital spending falling 41% short of target. Capital expenditure amounted to GHS21.7 billion in the…
Cost Analysis of Owning Motorised Tricycles in Ghana
Accra: The ownership of motorised tricycles in Ghana has become increasingly popular, providing an essential means of transport and business operations in areas where traditional taxis and buses are less accessible. These vehicles, often seen in urban…
GSE Rally Faces Test as Firms Post Mixed Results
Accra: Corporate earnings are beginning to reveal a widening performance gap among companies listed on the Ghana Stock Exchange (GSE), even as the equities market continues one of its strongest runs, delivering more than 74 percent to investors since …
BoG Urges Banks to Tackle Rising Incidence of Dud Cheques
Accra: The Bank of Ghana (BoG) has intensified pressure on banks to curb the increasing incidence of dud cheques in the financial system, directing them to make appropriate use of approved overdraft facilities or available funds in linked accounts, wh…
EY Ghana Penalized GHS360,000 For Offering Unlicensed Cybersecurity Services
Accra: The Cyber Security Authority (CSA) has imposed a fine of GHS360,000 on Ernst and Young (EY) Ghana for delivering regulated cybersecurity services without possessing a valid licence. The Authority indicated that despite directives to adhere to G…
GIPA and GUTA Outline Roadmap to Protect Informal Retail Space for Ghanaians
Accra: The Ghana Investment Promotion Authority (GIPA) and the Ghana Union of Traders Association (GUTA) have outlined a collaborative roadmap to safeguard Ghana’s informal retail sector, which is reserved exclusively for Ghanaian citizens under the G…