Ghana lost ¢5 billion in cash through the payment of bribes to public officials in 2021, the Ghana Integrity of Public Services Survey (GIPSS) has disclosed.
This is equivalent to almost one-third of the 2021 budget of the Ministry of...
With a war on the eurozone’s border, an uncertain energy supply from Russia and a growing risk of recession, the pressures bearing down on the euro finally grew so strong that on Wednesday it dipped to parity with the U.S. dollar...
Ghana's inflation rate surged to 29.8 percent in June from 27.6 percent in May, the Ghana Statistical Service said Wednesday, July 13, 2022.
The inflation rate in June was the highest in almost 19 years (since December 2003) according to...
Pressure group OccupyGhana has wondered why the Akufo-Addo government is running after the International Monetary Fund for Ghs 16bn to fix Ghana’s ravaged economy when the same administration allowed Ghs 47.9bn of public funds to go waste through corruption...
Chief Operations Officer at the Dalex Finance, Mr Joe Jackson has disagreed with assertion by a Professor of Applied Economics at the Johns Hopkins University, Steve H. Hanke that another International Monetary Fund (IMF) programme in Ghana will fail.
Following the announcement...
Government says its ‘primary reason’ for Ghana’s return to the International Monetary Fund (IMF) is the COVID-19 pandemic and the Russia-Ukraine war.
It maintains that efforts by the government to put the ailing economy back on track immediately after it assumed...
The Minister for Finance, Ken Ofori-Atta, is programmed to present the mid-year budget review to Parliament on 13th July 2022.
According to the Majority Leader, it is possible that the Minister will table a request for the approval of supplementary...
The regulator of financial services firms and financial markets in the UK, Financial Conduct Authority (FCA) has fined the Ghana International Bank (GIB) £5.8 million pounds for breaching anti-money laundering and counter-terrorist financing controls.
The FCA in a decision notice...
The Member of Parliament for the Ketu South constituency, Abla Dzifa Gomashie, has urged government to scrap taxes imposed on the importation of sanitary products into the country.
According to the MP, more Ghanaian girls are unable to afford sanitary...
Senior Advisor to the Vice President, Professor Kwaku Appiah-Adu, says full implementation of the e-Cedi will diversify digital payment and ensure a secure and robust payment infrastructure in the country.
As a result, he called on players within the financial...
