Mr Ken Ofori-Atta, Minister of Finance, on Thursday indicated that the global economy is expected to witness some improvement in growth in 2017 in the medium term after a lackluster performance in 2016.
He said the January 2017 update o…
All the sub-sectors in the agriculture sector, recorded positive growth rates for the year 2016, Mr Ken Ofori-Atta, Finance Minister announced on Thursday. He said the Services Sector also continued to dominate the sectors with a share of …
Mr Ken Ofori-Atta,the Minister of Finance, on Thursday said the total public debt stock as at the end of 2016 stood at 73.3 percent of Gross Domestic Product (GDP) up from 71.63 percent in 2015.
That, he said, was due to the larger tha…
Africa’s largest airline group, Ethiopian Airlines, concluded a codeshare agreement with Air Namibia.
The codeshare agreement covers Ethiopian thrice weekly services to Windhoek and the services of both airlines beyond their respective …
As part of activities to celebrate the second anniversary of Access Bank’s flagship women empowerment programme ‘W’ Initiative, Access Bank is hosting the National Women’s Summit to help highlight the role of the Ghanaian woman in the dev…
The Finance Minister, Mr Ken Ofori-Atta has enjoined Ghanaians to follow President Akufo-Addo’s steps to hurriedly fix the country.
Presenting the 2017 budget statement and government economic policy in Parliament on Thursday, Mr Ofori…
Mr Ken Ofori-Atta, Minister of Finance on Thursday said a total expenditure including provision made for the clearance of arrears and outstanding commitments in 2017 is estimated at GHc56.5 billion.
This is equivalent to 27.8 per cent o…
Mr Ken Ofori-Atta, Minister of Finance on Thursday said in spite of the major investments made in the road sector, Ghana continue to have major challenges with delayed payments and the resultant penalty payments and poor quality but costly…
Mr Ken Ofori-Atta, the Minister of Finance, said the 2017 budget would result in an overall budget deficit of GHC13.3 billion, equivalent to 6.5 per cent of the gross domestic product (GDP).
Mr Ofori-Atta, who made this known in Ac…
The New Patriotic Party (NPP) government has planned to roll out seven promises this year, The Minister of Finance, Mr Ken Ofori-Atta has said.
Presenting the 2017 budget on Thursday, Mr Ofori-Atta said the programmes were aimed at boos…
Finance Minister Ken Ofori-Atta, on Thursday said poverty was not natural and urged the parliamentarians in Ghana and the citizenry to work in hand to liberate the nation from poverty.
He was optimistic that despite a weak economy inhe…
The National Lottery Authority (NLA) has launched a book to elaborate the authority’s rich history which has been handed down from one generation of staff to another.
The book, titled: “National Lottery Authority: The Journey So Far” is…
Air France has launched direct flights from Charles De Gaulle airport in Paris to the Kotoka International Airport in Accra, as part of its efforts to increase services between Europe and Africa.
Speaking at a press conference organised…
Dr Kwadwo Mensah-Darkwa, Lecturer at the Department of Materials Engineering, at Kwame Nkrumah University of Science and Technology (KNUST) has commended Reroy Cables Limited, a subsidiary of Reroy Group, for its state-of-the-art facility.…
The Ghana Oil Company Limited (GOIL) shares on the Ghana Stock Exchange (GSE) rose by 0.8 per cent to GHc1.19 per share after government clears the leadership turmoil at the Company.
The GSE market trading made available to the Ghana Ne…
The government plans to remove import duties on automobile spare parts to help reduce prices of vehicle spare parts in the country, the Finance Minister, Mr Ken Ofori-Atta has said.
This, however means that buyers of automobile parts wi…
Government has introduced a number of tax reliefs in the 2017 budget statement and economic policy, the Finance Minister, Mr Ken Ofori-Atta has announced.
Below are some highlights of various taxes that have been abolished by the g…
MTN in partnership with GLICO General Insurance Company has launched a Mobile Care insurance designed as a protection against accidental phone damage, screen damage, theft and loss of mobile phone.
The Mobile Care Insurance is currently…
Snap, owner of messaging app Snapchat, has priced its shares at $17 ahead of Thursday's listing on the US stock market.
The flotation values the business at $24bn, although Snap has never made a profit.
It will turn the company's fou…
The Business Division Manager for Tigo Insurance, Barbara Asante, has been adjudged the Outstanding Mobile Insurance Personality of the year.
She received the award at the third annual National Women in Finance Awards held in Accra.
…
The Board of Directors of the Ghana Oil Company Limited (GOIL) has apologised to President Nana Addo Dankwa Akufo-Addo for what it says was the board’s response to the purported appointment of a new Chief Executive Officer (CEO) for GO…
Today, the Finance Minister, Mr Ken Ofori-Atta, will appear before Parliament to present the much anticipated 2017 Budget Statement and Government Economic Policy on behalf of the President, Nana Addo Dankwa Akufo-Addo.
The entire count…
A project to promote financial inclusion through a broader uptake and usage of mobile money payments and related financial services for farmers in the Northern, Upper East and Upper West Regions has been launched.
Funded by Alliance for…
Assembly Members in the Jomoro District have been asked to identify farmers in their respective areas with lands suitable for rice cultivation for official registration.Mr Paul Essien, the Member of Parliament for the area, gave the direct…
Standard Chartered Bank Ghana Limited says its pre-tax profit for 2016 is up by 279 per cent to GHC 346 million from GHC 91 million recorded in 2015.
The bank in its full-year 2016 results released on Tuesday said impairment was down 62…
The Minister of Agriculture, Dr Owusu Afriyie-Akoto, has said the government will compensate cocoa farmers whose trees will be cut down as a result of the swollen shoot disease.
The minister said the grants would serve as motivation for…
The Minister of Finance, Mr Ken Ofori-Atta, will, on behalf of the President, present the 2017 Budget Statement and Economic Policy to Parliament on Thursday, March 2, 2017 at 1100 hours.
A statement from the Public Relations Unit of th…
The African Development Bank (AfDB), in collaboration with partners have organised a capacity building workshop for senior officials from Ministries of Finance, Health, Education and Civil society in Abuja, Nigeria to sharpen skills for op…
The Ministry of Food and Agriculture (MoFA) is to use the idling capacities of the cocoa warehouses nationwide to store excess farm produce for future use. The move will be the outcome of a partnership between the sector ministry and the G…
Banks are paying an average of 11.9 per cent per annum as interest on deposits but charging their borrowers an average of 33.4 per cent as nominal interest on loans annually, data from the Bank of Ghana (BoG) on the annual percentage rates…
Australia's economy gained momentum in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession.
It brings the country close to breaking the Netherlands' record of modern-era uninterrup…
About 30 local business owners will be heading to Dubai next month to look for business opportunities and partnership. The business mission, which will be under the auspices of CELC International, be a solution provider in the area of know…
The Management of BEIGE Capital Savings and Loans (BCSL) has commended Jethro Ltd for their successful implementation of the bank’s new Core Banking Application Software, TEMENOS T24 (T24) Release 15. As the imple…
The Ghana Tourism Authority (GTA) has unveiled an ambitious plan to increase the tourist attraction of the Bosomtwe Lake, the largest natural fresh water body in the West African sub-region. This involves the construction of a walkway, zi…
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through th…
In its 2016 full year audited results presented on the floor of the Nigerian Stock Exchange (NSE) in Lagos , Dangote Cement sold 8.6 million metric tons of cement outside Nigeria, which is 54 per cent more than what was sold in 2015
Fol…
The report reveals that cross-border e-commerce offers aggregate growth rates not available in most other retail markets: cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020
Cross…
Increased dependency on technology and a mobile first approach is being driven by African Millennials, this is according to a recent GeoPoll rapid survey carried out among youth in five Sub-Sahara African countries between the ages of 18-3…
China expressed concerns on Tuesday over what it said was increasing protectionism after European Union regulators imposed new duties on steel imports from the world's biggest producer.
The European Commission is seeking to protect EU s…
Unilever Ghana Limited has announced the appointment of two new directors, Mrs Angela Peasah and Mrs Gladys Amoah in line with regulatory requirements.
A statement from Unilever said Mrs Angela Peasah has been appointed as a Non-Executi…
There is a gradual increase in the request for express clearing of cheques as patronage records a growth of 60.2 percent in 2016 compared to 2015.
Over 371,000 cheques were cleared by way of express last year compared to over 230,000 in…
The National Pensions and Regulatory Authority (NPRA) is in discussion with its sector ministry and other stakeholders on the possibility of reducing the fees and charges of trustees who will like to operate in the informal sector.
This…
Barclays PLC is to disinvest its controlling interest in the Barclays Africa Group after four years of joining hands with ABSA Group to form one of the most respected financial institutions in the continent.
In what could best qualify f…
The Komenda Sugar Factory is set to kick off production but requires a minimum working capital of Gh¢6M, the Central Regional Minister, Mr Kwamena Duncan has revealed.
He said: “I’m told the machine is able to mill 1,250 metric tons of…
The Central Regional Minister, Mr Kwamena Duncan has proposed to Government to consider granting tax holidays to investors who operate in Regions taunted as poor.
This, he said, would facilitate direct foreign investment and job creatio…
Global stock markets traded in fairly narrow ranges Tuesday as investors awaited a speech by President Donald Trump to both houses of Congress that could have a major bearing on the outlook for all types of financial assets in the near-ter…
The Bank of Ghana (BoG) is alarmed at the rising spate of card fraud and defalcation in the banking sector that is threatening the integrity of the financial system. Fraud remains a major operational risk that confronts the banking industr…
Global Solutions (GS), the regional partner of TEMENOS banking software in West Africa, has confirmed the successful migration of BEIGE Capital Savings and Loans (BCSL) onto the world acclaimed core banking application platform Temenos T24…
Following calls by the government to corporate Ghana to support the 60th Independence Celebrations, UMB has donated an amount of GHC 100,000 towards Ghana’s 60 Years Celebrations.
The amount would be given to the ultimate winner of the …
President Nana Addo Dankwa Akufo-Addo has appointed Mr Paul Asare Ansah as the acting Director General of the Ghana Ports and Harbours Authority (GPHA). Mr Ansah was the Manager of Marketing and Corporate Affairs of the Authority.
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