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The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed.This is compared with GH¢1.031 trillion the same time in 2023.This significant growth in mobile money transactions is astonishing and provides an opportunity for the country to deepen financial inclusion.…
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The Ghana Coalition Against Galamsay has urged the National House of Chiefs to clarify its stance on illegal mining activities in Ghana, particularly the widespread practice of "galamsay."Comprising various media organisations, the coalition expressed significant concern regarding the environmental and social repercussions of illegal mining, emphas…
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The country continued to export more than what it imports since last year, according to the Second Quarter Trade Statistics released by the Ghana Statistical Service. However, the report showed the value recorded from April 2024 to June 2024 declined marginally to GH¢5.4 billion. This also marks a substantial reversal in terms of what the country r…
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Several disqualified presidential aspirants for the 2024 general election tear into the Jean Mensah lead Electoral Commission for what they describe as lack of priority for their disqualification as the Peoples Progressive Party threatens legal action against the Electoral Commission for disqualifying them without bases.…
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The Ministry of Finance has stated that the latest Gross Domestic Product (GDP) figures released by Ghana Statistical Service (GSS) show that the Ghanaian economy is fast recovering amid global challenges and debt restructuring. According to the ministry, the economy’s robust recovery is in response to the macroeconomic stability and growth interve…
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The Public Utilities Regulatory Commission (PURC) has issued an urgent call for a revision of the Cash Waterfall Mechanism (CWM) to avert a looming financial crisis in Ghana's energy sector. The Commission in a letter addressed to the Presidency, Energy and Finance ministers, and other key stakeholders, highlights the potential collapse of the ener…
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Ghana’s economy grew by 6.9 percent in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7 percent. The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2 percent. This i…
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The Public Utilities Regulatory Commission (PURC) has served notice that the Electricity Company of Ghana (ECG) may be on the verge of bankruptcy due to severe financial difficulties. In a letter addressed to the Presidency, the Energy and Finance Ministers, and other key stakeholders, PURC's Executive Secretary, Dr Ismael Ackah, highlighted the cr…
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On Tuesday, September 17, the largest opposition party in Ghana, the National Democratic Congress (NDC) held a nationwide protest against the Electoral Commission to demand that the electoral body audit the provisional voter's register for the December 2024 election. The party insists that the register has a lot of irregularities and cannot guarant…
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