Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified...
Special Petroleum Tax tough for OMCs
The Association of Oil Marketing Companies (AOMC) says government’s approach to collecting the 17.5 percent...
Cocobod pulls out of HFC bank
Cocobod, Ghana’s regulator for the cocoa industry has pulled out of HFC bank. Cocobod was...
Over 20 hotels to shut down over ‘dumsor’
The Ghana Tourism Authority (GTA) fears the likely shut down of hotels in the country...
Banks could be compelled to lower costs- BoG
The Bank of Ghana has indicated that it might be compelled to force commercial banks...
Banks can’t reduce interest rates- Albert Essien
Group Chief Executive of Ecobank, Albert Essien has insisted that banks cannot be blamed for...
Goldfields posts $13.9m first quarter loss
Gold Fields Limited (Goldfields) has posted a massive year-on-year increase in losses attributable to shareholders,...
Newmont to increase Ahafo Mine gold production
Newmont Gold Ghana Limited (NGGL) plans to expand mining and processing of its Ahafo Mine...
DHL cuts freight prices on Ghana-UK route
DHL Ghana Limited has reduced prices for its freight services on the Ghana-United Kingdom (UK)...
Banks must mobilise capital through savings- Otumfuo
Otumfuo Osei Tutu II, the Asantehene, has asked commercial banks in the country to develop...
Gov’t considers introduction of bullet trains
Government is putting in place plans to build a bullet train that will reduce transportation...