The Ghana National Petroleum Commission (GNPC) is set to commence the technical decommissioning of the Saltpond Oil Field in the Central Region. The decommissioning which was announced in 2016 was …
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AfricaBusinessGhanaNewsOil & GasWestern Africa
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Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
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AfricaEconomyGhanaNewsWestern Africa
Sovereign debt default ‘a real possibility’ for Ghana, says Fitch director
Sovereign debt default is “a real possibility” for Ghana, and any kind of domestic debt restructuring could severely threaten the local banking sector, a senior director from the ratings agency …
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Ghana, Finland sign framework agreement
Ghana and Finland have signed a framework agreement on projects to be funded under Finland’s Public Sector Investment Facility (PIF) Scheme. The agreement was signed on Monday on the margins …
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Ghana’s consumer inflation reached nearly 34% in August, the highest since 2001, despite a historic rate increase by the central bank.Consumer inflation in the West African country climbed to 33.9% …
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Ghana ranked 4th in Sub-Saharan Africa with highest private savings
Ghana has been ranked fourth in Sub-Saharan Africa (SSA) with the highest private savings, a report by the International Monetary Fund on “Private Savings and COVID-19 in Sub-Saharan Africa’ by …
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
6,856 companies, individuals owe ¢111.6m in corporate and income taxes in Ghana
The 2021 Auditor General’s Report has identified 6,856 companies, business entities and individuals owing an amount of ¢111.652 million in corporate and individual income taxes for 2019, 2020 and 2021 …
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The Managing Director of the International Monetary Fund, Kristalina Georgieva, has stated that a US$3 billion deal between Ghana and the IMF should be reached and finalised before the end …
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AfricaAFRICA NEWSBusinessEnergyGhanaNewsTechnologyWestern Africa
Akufo-Addo approves inclusion of nuclear technology in Ghana’s energy mix
President Nana Addo Dankwa Akufo-Addo has approved the inclusion of nuclear technology into Ghana’s power generation mix. The move, according to him, is in consonance with the global collective commitment …
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AfricaAFRICA NEWSBusinessGhanaNewsTechnologyTransportation & Logisitics
Ghana Standards Authority labels report that Suzuki S-Presso is unsafe false
The Ghana Standards Authority (GSA) has described false the reports that the Suzuki S-Presso vehicle model marketed by CFAO Ghana is not safe for use. In a viral video on …