Over 70 persons mostly foreigners belonging to entities engaging in illegal forex market operations, also known as the black market have been arrested by officials of Bank of Ghana (BoG)
Mahama Energy Sector Agreements Drowning Ghana-World Bank
John Mahama The World Bank Country Director (Ghana), Pierre Frank Laporte believes that unreasonable energy sector agreement forced Ghana into a situation where the country is now seeking support from
BoG Allots $420m To BDCs In Final Quarter
As part of its foreign exchange auctions, the Bank of Ghana (BOG) has earmarked a total of $420 million to Bulk Oil Distribution Companies (BDCs) through banks in the final
IMF To Deploy Another Mission To Ghana
IMF Chief with President Akufo-Addo during her visit to the country earlier The International Monetary Fund is set to deploy another mission to Ghana in the coming weeks as the
Ghana Not Benefiting From Global Fuel Price Drop – IES
Nana Amoasi III The Institute of Energy Security (IES) is predicting an insignificant drop in fuel prices on the Ghanaian market despite the drop in global fuel prices. According to
Interest Rates Surge As Govt Borrowing Costs Increase
Interest rates continue to surge in the Treasury market, signaling the increasing cost of borrowing by the government and its impact on the business environment. This is coming despite government
World Bank Pledges US$600m For Ghana
Pierre Frank Laporte THE WORLD Bank Country Director for Ghana, Pierre Frank Laporte, says Ghana will receive US$600 million as balance of payments support for its budget next year, if
Govt Tackling Inflation – Bawumia
Vice President Dr. Mahamudu Bawumia Vice President Dr. Mahamudu Bawumia has said the government is exploring ways to deal with inflation and the rising cost of living in the country.
COPEC Replies Energy Minister On BOST Margin
Executive Secretary of COPEC, Duncan Amoah The Chamber of Petroleum Consumers (COPEC) has kicked against the Energy Minister’s insistence on keeping the Bulk Oil Storage and Transportation Limited Company (BOST)
Gov’t Working To Stablize Cedi, Check Inflation – Bawumia
Vice President Dr. Mahamudu Bawumia says government and the Bank of Ghana are working together to stabilize the cedi and check inflation. Dr. Bawumia says the Central Bank has begun
Goil, 2 Other Petrol Stations Are In Trouble For Cheating Consumers
The National Petroleum Authority (NPA) says it has locked up three filling stations for cheating customers in Sunyani in the Bono Region. The stations are; Frimps Oil at Penkwase, the
‘BOST Margin Won’t Be Abolished’
Dr. Mathew Opoku Prempeh Energy Minister, Dr. Mathew Opoku Prempeh has indicated the government’s resolve to maintain the 6 pesewas per litre Bulk Oil Storage and Transportation Company Limited (BOST)
Transport Ministry, GPRTU Meet Over Fares
A transport terminal The leadership of the Ghana Private Road Transport Union (GPRTU) has begun processes to engage the Minister of Transportation over the upward adjustment of public transport fares.