Government secures amended power purchase agreement with CENIT Energy

September 29, 2020 Government and CENIT Energy Limited (CEL), a Ghanaian independent power producer, have successfully secured terms for an amended Power Purchase Agreement (PPA). Per the agreement, CEL has...

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September 29, 2020 / Comments (0)

BoG to build additional reserves to deal with cedi depreciation

July 29, 2020 The Bank of Ghana says it intends to build additional reserves of up to 300 million cedis to stabilize the country’s currency. This will be a medium-term solution to prevent the free fall...

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July 29, 2020 / Comments (0)

UniBank collapse: Charges against Duffuor and others amended from 68 to 71

June 19, 2020 The State has amended its charges against the Founder of defunct Unibank, Dr. Kwabena Duffuor and some former executives over their alleged roles in the bank’s collapse. The one-time...

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June 19, 2020 / Comments (0)

EU’s blacklisting of Ghana over money laundering breaches flawed – Finance Ministry

May 22, 2020 The Ministry of Finance has described the decision of the European Commission to blacklist Ghana over money laundering breaches as unfortunate. According to the Finance Ministry, the...

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May 22, 2020 / Comments (0)

Digital payment gets major boost with launch of 3 policies

May 20, 2020 The government of Ghana has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments, in line with government’s vision of building a...

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May 20, 2020 / Comments (0)

Moves to boost depositors’ confidence: Deposit Insurance Protection Corporation starts operations Oct.

September 17, 2019 The Deposit Insurance Protection Corporation (DIPC) will become fully operational on October 1, 2019, as part of moves to further boost depositors’ confidence and seal the reform process...

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September 17, 2019 / Comments (0)

Time to invite private participation in SOEs – Prof. Quartey

August 29, 2019 Professor of economics at the University of Ghana, Prof. Peter Quartey, has urged government to consider, as a matter of urgency, initiating the process of privatising some State Owned...

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August 29, 2019 / Comments (0)

Talk tax goes up by 9 percent

July 30, 2019 Consumers will now have to brace up to pay more for usage of communication services to their respective telecommunication networks following government’s decision to increase it from six...

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July 30, 2019 / Comments (0)

BoG collapses 400 microfinance, microcredit companies

June 3, 2019 The Central Bank has revoked the licences of more than 300 microfinance companies and 39 microcredit or money lending companies effective Friday, May 31, 2019. In two statements released on...

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June 3, 2019 / Comments (0)

Wage bill hits GH₵14bn…takes 45% of tax revenue in 2017

July 24, 2018 Government’s wage bill for 2017 was GH₵14.4 billion, representing a 44.8 percent of the country’s tax revenue and 7 percent of GDP. The figure is 2.3 percent short of was recorded in...

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July 24, 2018 / Comments (0)