Business
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NEIP commences grant disbursement under the Adwumawura Programme
The Government of Ghana, through the National Entrepreneurship and Innovation Programme (NEIP), has commenced the disbursement of grants to beneficiaries of the 2025 cohort under The Adwumawura Programme, an ambitious national initiative designed to support youth entrepreneurship, stimulate business growth, and drive j...
MPC keeps policy rate at 14%, cites inflation risks due to Middle East tensions
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has unanimously decided to maintain the Monetary Policy Rate (MPR) at 14 percent, citing rising external risks to inflation despite continued strength in the domestic economy. Announcing the decision at the conclusion of the 131st MPC meeting, the Committee...
First-ever Wa Vendors Expo sparks economic boom and empowers female entrepreneurs
The forecourt of the Upper West Regional Coordinating Council (Ministries) has been transformed into a bustling epicenter of commerce and networking as the Upper West Region hosts its maiden Wa Vendors Expo.
T-bills auction: Government records undersubscription for 6th consecutive week; yield on 182-day up by 6.0bps
The 91-day bill was once again the most subscribed bill as GH¢2.75 billion of the bids tendered. This represented 62.1% of the total bids. The uptake was, however, GH¢2.71 billion.
Restoring GN Savings and Loans will be difficult after years of asset disposal — Dr Kweku Ndoum
President of Groupe Ndoum, Dr Nana Kweku Ndoum, has acknowledged that rebuilding GN Savings and Loans will be a complex process, citing the disposal and destruction of some of the bank's assets over the past seven years.
UMB appoints Bernice Kissi Boateng to lead strategic expansion of personal & business banking fanchise
Universal Merchant Bank (UMB) has announced the appointment of Bernice Asabea Kissi Boateng as Group Head, Personal and Business Banking, in a decisive move that reinforces the Bank’s transformation agenda and sharpens its competitive positioning at the top tier of Ghana’s financial services industry. This strategic ap...
Ghanaian artist launches global campaign with world’s largest handbag
The project marks the beginning of a global storytelling campaign that places Ghana at the forefront of creative environmental leadership. The official announcement is accompanied by the release of a campaign video premiering on Instagram followed by TikTok and YouTube, inviting audiences around the world to follow the...
Heavy rain disrupts economic activity in Ho
Heavy rainfall has disrupted economic activity in the Volta Regional capital, Ho, bringing business operations in the central business area, Asigato, to a near standstill on what is traditionally a market day. The rain began on Sunday evening, easing later in the night before resuming at dawn on Monday, June 29 and con...
ACEP raises alarm over deepening power crisis, demands urgent reforms
The Africa Centre for Energy Policy (ACEP) has expressed grave concern over Ghana’s worsening power crisis, warning that persistent outages are disrupting livelihoods, weakening economic activity, and eroding public confidence in the energy sector. In a statement signed by Kodzo Yaotse, Policy Lead for Petroleum and Co...
World Bank says Finance Ministry fiscal controls delayed GARID project
The World Bank has blamed fiscal controls introduced by the Ministry of Finance for significantly delaying implementation of the Greater Accra Resilient and Integrated Development (GARID) Project, one of the country’s flagship programmes aimed at tackling chronic flooding in the capital. In its latest implementation up...
Majority rejects claims on fiscal surplus, cites IMF backing for gov’t economic performance
The Majority in Parliament has dismissed claims by the opposition New Patriotic Party (NPP) that the government's fiscal gains were achieved mainly through expenditure cuts, insisting that the country's improving economic indicators are backed by the International Monetary Fund (IMF) and reflect prudent fiscal manageme...
BoG urges banks to support agriculture and productive sectors
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has entreated commercial banks to increase support for agriculture, manufacturing and export-oriented businesses to drive sustainable economic growth. Speaking at a meeting with Managing Directors and Chief Executives of banks, Dr. Asiama said the long-term sustai...