The Ghanaian government recorded a marginal oversubscription in its latest treasury bills (T-bills) auction, but this came at the cost of rising interest rates across the board. According to auction results released by the Bank of Ghana, the government raised GH¢4.195 billion from the sale of short-term debt instruments, exceeding its target of GH¢4.035 billion….
Guinness Ghana Breweries PLC (GGBL) has declared a final dividend of GH¢0.022 per share for its shareholders for the financial year ending June 30, 2024. This announcement is subject to approval at the company’s upcoming Annual General Meeting (AGM). According to the company, shareholders who are listed in the books of GGBL by the close…
As Ghana faces economic challenges, many businessmen in the country are stepping up to serve as role models for the youth. They are providing mentorship, creating jobs, investing in education, supporting youth entrepreneurship, and giving back to the community. Ibrahim Mahama, the founder and CEO of Engineers and Planners, a mining and construction company in…
The Impact of the Cedi’s Depreciation on Businesses in Ghana has faced significant challenges over the past few years, one of the most concerning being the sharp decline in the value of the cedi. As of today, the exchange rate stands at 16.55 cedis to 1 US dollar, a stark indication of the cedi’s depreciation….
The 2nd Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has called on Rural and Community Banks (RCBs) to leverage technology and digitalisation in their operations to strengthen their position in Ghana’s national financial inclusion agenda. Speaking at the 23rd Annual CEOs Conference of RCBs in Ho, Volta Region, Ms. Awadzi highlighted the…
Physician and political activist, Dr. Arthur Kennedy, has voiced strong criticism against Ghana’s major political parties, accusing them of lacking the commitment to address the country’s illegal mining crisis, commonly known as galamsey. Speaking during an interview on Joy News on Saturday, October 19, 2024, Dr. Kennedy argued that vested political interests are hindering efforts…
The Public Services Workers’ Union (PSWU) of the Trades Union Congress (TUC) has announced an indefinite strike set to commence on Monday, October 21, 2024. This decision follows a series of unresolved negotiations with the Fair Wages and Salaries Commission (FWSC) concerning demands for Institution-Specific Allowances for PSWU member organizations. In a press release dated…
In a statement dated Saturday, October 19, 2024, the Office of the Kwahumanhene has refuted circulating claims suggesting the destoolment of the paramount chief, Daasebre Akuamoah Agyapong II. Signed by Nana J.K. Boadi, the statement described the video footage claiming to depict a destoolment process as “false” and an affront to both legal standards and…
The kingmakers of Kwawu Abene in the Kwawu East District of the Eastern Region have unanimously destooled Kwahuhene, Daasebre Akuamoah Agyepong II, following allegations of extortion. The destoolment ceremony took place on Saturday, October 19, 2024, at the Kwahu Palace in Abene, where traditional rites were performed to officially remove him from his position. The…
UK Deports 44 Ghanaians and Nigerians in a Single Flight Amid Immigration Crackdown The UK Home Office confirmed on Friday that 44 Ghanaians and Nigerians were deported to their home countries on a single flight, as part of the government’s heightened immigration enforcement efforts. This action is part of a “major surge” in deportations and…
