Tuesday, October 4, 2022

Chamber of Mines to sell 125k ounces of gold to Central bank by Dec,...

The Ghana Chamber of Mines has targeted to sell about 125,000 ounces of gold to the Bank of Ghana (BoG), under the latter’s Domestic Gold Purchase Programme for 2022. This sale will cover the period...
Finance Minister Ken Ofori Atta

IMF Bailout: Ghana to restructure debt as interest costs surge – Fitch

Fitch Ratings has said Ghana's high level of credit risk following the downgrade to CC reflects the increased likelihood that the country will pursue a debt restructuring as interest costs surge. This according to Fith...

Fitch downgrades Ghana to ‘CC’ from CCC

Fitch Ratings has downgraded Ghana's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to 'CC', from 'CCC'. Fitch typically does not assign Outlooks to issuers with a rating of 'CCC' or below. Increased Probability of Debt...

GEPA holds second edition of International Coconut Festival

The Ghana Export Promotion Authority has held the second edition of the international coconut festival in Accra. The 2022 edition of the International Coconut Festival themed ‘Repositioning Ghana’s Coconut Sector for Accelerated Industrialization’, was aimed...

Ghana’s GDP growth rate increases to 4.8% in Q2

Provisional figures released by the Ghana Statistical Service show that Ghana’s economy grew by 4.8% in the second quarter (April to June) of 2022  compared to the same period in 2021. Ghana's real GDP increased...

Fuel price hikes, weak cedi put airline industry under strain

Players in the Aviation industry say they are hard hit by the high cost of fuel praying for urgent relief from government to cushion them. From the beginning of the year to now, there has...

Deal with crappy services by Telcos – Sam George charges NCA

The Member of Parliament for Ningo Prampram, Samuel Nartey George has berated the National Communications Authority (NCA) for its failure to ensure quality service delivery by telecommunications companies in the country. According to him, the...

Price increase of sachet, bottled water due to cedi depreciation – GPMA 

The Ghana Plastic Manufacturers Association (GPMA) says the increase in sachet water and bottled water prices are as a result of the cedi depreciation against major currencies. Speaking on Morning Starr with Francis Abban, President...

Another IMF mission due in coming weeks

The International Monetary fund(IMF) is set to deploy another mission to Ghana in the coming weeks, Gerry Rice, the Director of Communications for the IMF said at a media engagement. "We had an IMF staff...

BOST increases profit to GH¢161 million in 2021 – Report

The Bulk Oil Storage and Distribution Company Limited (BOST) has increased its profits to GH¢161million in 2021 after it recorded a loss of GH¢291million in 2020. Board Chair of the state-owned firm, Ekow Hackman, said...

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