Interest rates on falling spree; government T-bills oversubscribed by 40%

March 21, 2023 Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion. According to the auctioning results by the Bank of Ghana, demand...

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March 21, 2023 / Comments (0)

Volkswagen takes over the responsibility of vehicle assembly in Ghana

March 21, 2023 Volkswagen is reaffirming its commitment to the development of the automotive industry in Ghana with the opening of a new vehicle assembly facility in Accra. With this move, Volkswagen also...

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March 21, 2023 / Comments (0)

Move to streamline procurement processes in Ghana: GIPS, KPMG sign MoU to enhance sound practices

March 21, 2023 Two bodies have signed an agreement to advance sound procurement practices in Ghana. They are the Ghana Institute of Procurement and Supply (GIPS) and auditing and consulting firm, KPMG...

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March 21, 2023 / Comments (0)

GRA to scale up VAT invoice invigilation exercise from April 2023

March 15, 2023 The Ghana Revenue Authority has hinted that it will resume the invoice invigilation exercise it introduced last year which ensured that businesses were made to pay the right amount of taxes...

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March 15, 2023 / Comments (0)

February 2023 inflation slows to 52.8% to sustain downward trend

March 15, 2023 Year-on-year Inflation for the month of February 2023 slowed down to 52.8%, the Ghana Statistical Service has pointed out. This is a reduction from the January 2023 estimate of 53.6%, which...

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March 15, 2023 / Comments (0)

Market turnover on new government bonds rises 14.85% to ¢150.86m

March 15, 2023 Market activity on the Government of Ghana (GoG) bonds rebounded last week after a slump in the previous week. The market recorded only trades in the new bonds, and total volume traded rose...

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March 15, 2023 / Comments (0)

Fuel prices to fall between 3% and 10% from March 16 – IES

March 15, 2023 Fuel prices are expected to fall between 3% and 10% at the pumps, beginning tomorrow March 16, 2023, the Institute for Energy Security (IES) has projected. This follows a decline in the...

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March 15, 2023 / Comments (0)

Market values of investments recover as confidence grows

March 14, 2023 Investment portfolios have recovered their market values, reaching their highest level since November 2022 following the Securities and Exchange Commission’s (SEC) directive to adopt the...

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March 14, 2023 / Comments (0)

Era of low interests beckons …As T-bill rates crash

March 14, 2023 Treasury bill (T-bill) rates crashed to an eight-year low last Friday, renewing the hope of businesses that the era of low cost credit for expansion was nearer than initially expected....

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March 14, 2023 / Comments (0)

GRA to complete E-VAT implementation in December 2024

March 14, 2023 An Assistant Commissioner in Charge of Value Added Tax (VAT) Administration with the Ghana Revenue Authority (GRA), Philip Acquah, has remarked that migration of businesses onto the...

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March 14, 2023 / Comments (0)