Ghana recorded a trade surplus of $752.8 million in the first two months of 2023, about 1.0% of Gross Domestic Product, data from the Bank of Ghana has disclosed. This is far […]
Ghana records $752.8m trade surplus in first 2 months of 2023
Growth and Sustainability Levy breaches petroleum agreement and could trigger ligation – Petroleum Chamber
The Ghana Upstream Petroleum Chamber is warning that the proposed Growth and Sustainability Levy by Government could trigger litigation through the International Courage as it breaches provisions in the Petroleum Agreements. According […]
Interest rates on falling spree; government T-bills oversubscribed by 40%
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 for […]
Collapse of Silicon Valley Bank should serve as a warning to us – KPMG Senior Partner
Senior Partner at auditing and accounting firm, KPMG Ghana, Anthony Sarpong has advised the Bank of Ghana and other central banks in Africa to see the collapse of banks in developed countries […]
Livestream: PM Express discusses the feasibility of Ghana securing IMF deal by March
The Finance Minister, Ken Ofori-Atta has indicated that the government is hoping to secure an International Monetary Fund (IMF) Board approval by March 2023. However, there are doubts if the deal can […]
9 banks could be insolvent from impact of domestic debt exchange – Report
Banking and Corporate Governance Consultant, Dr. Richmond Atuahene If the International Financial Reporting Standard (IFRS) 9 is applied in a stricter sense, nine Ghanaian banks could be insolvent from the impact of […]
Asia markets fall as global banking fears widen
Stock markets across Asia fell on Thursday as troubles at international banking giant Credit Suisse intensified fears of a wider bank crisis. Major indexes in Japan, Hong Kong and Australia fell by […]
Fuel prices will go down further; Gold-for-Oil policy most important macroeconomic policy – Bawumia
Vice President Dr. Mahamudu Bawumia Vice President, Dr. Mahamadu Bawumia, has described the Gold-for-Oil policy as a game changer that will push fuel prices down. According to him, prices of petroleum products […]
Fuel prices to fall between 3% and 10% from March 16 – IES
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 […]
Force T-bills rates down – Finance expert to government
Finance expert and Director of Operations at Dalex Finance, Joe Jackson, wants government to force Treasury bills rates further down to about 15% to reduce its interest costs, and consequently lending rates. […]
VAT registered vendors to be connected to GRA system by 2024 – Dr. Owusu-Amoah
Commissioner General of the Ghana Revenue Authority, Reverend Dr. Ammishaddai Owusu-Amoah, says in an effort to ramp up revenue mobilization, the Authority is planning to connect all VAT registered vendors to their […]
Abuja grain traders reject e-payment, demand cash
Grain traders in suburban markets in the Federal Capital Territory are rejecting electronic transactions from customers, in spite of the cashless policy of the Central Bank of Nigeria. The traders in […]
FASYL Technology Ghana awarded double ISO certifications
FASYL Technology Ghana, an indigenous company with a global reach, has been awarded two International Organisation for Standardisation (ISO) Certifications. The certifications are Quality Management Standards (ISO 9001:2015) and Information Security Standards […]
T-bills auction: Government rejects all bids; wants yield below 30%
Government rejected all the bids for the sale of Treasury bills from investors on Friday March 3, 2023. Joy Business learnt that government rejected the offer because the 35% plus interest that […]
Naira scarcity may affect private business in Q1 – Report
The February Purchasing Managers’ Index data released by Stanbic IBTC Bank indicated that the shortage of cash across the country in the month of February might have a negative influence on […]
Government needs to respect tenures and provisions of agreements – David Ampofo
Chief Executive Officer of the Ghana Upstream Petroleum Chamber, David Ampofo, has urged government to respect the provisions and tenures of agreements with upstream petroleum sector players. According to him, push by […]
Ghana’s upstream petroleum industry lacks new investment – David Ampofo
Chief Executive Officer of the Ghana Upstream Petroleum Chamber, David Ampofo, says the problem with the upstream petroleum industry is the lack of new investment in the sector. According to him, currently […]
Livestream: PM Express discusses whether the oil industry is under threat
The Business Edition of PM Express will tonight discuss challenges in Ghana’s oil industry and the steps to improve its fortunes. This conversation follows seven years of oil discovery in Ghana. Join […]
Come clear on 600k barrels Russian crude oil aboard MT Theseus – IES to government
CEO of the National Petroleum Authority, Dr. Mustapha Abdul-Hamid The Institute for Energy Security (IES) is calling on government to come clear on the 600,000 barrels of Russian crude oil aboard MT […]
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