Economy
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We’ve moved from falling into abyss to phase of cautious rebuilding – Terkper
Former Finance Minister Seth Terkper says Ghana’s economy is gradually emerging from a period of deep distress, but warns that recovery remains fragile and must be handled with caution.
IMF shackles and debt default slowed our job engine, says Seth Terkper
Former Finance Minister Seth Terkper says Ghana's job creation drive was significantly slowed by debt distress and restrictions under the International Monetary Fund (IMF) programme inherited by the Mahama administration.
‘You cannot run an economy without crisis’ – Terkper warns Ghana must prepare or pay
Former Finance Minister Seth Terkper is urging Ghana to brace for economic shocks as fears grow over a possible rise in petroleum prices linked to escalating tensions involving Iran.
Deloitte: We will help businesses, workers reshape pension thinking and secure their future
“As Ghana's business environment continues to evolve, employees are becoming more interested in understanding how social security systems work, what benefits they are entitled to, and how today's contributions can provide protection and security for tomorrow”, Gloria added.
Accra Brewery may shut down operations over revised excise duty
Accra Brewery Limited is considering shutting down its operations over the implementation of the revised Excise Bill, Joy Business has gathered.
SSNIT considers leasing loss-making hotels as turnaround plan takes shape
Director-General of the Social Security and National Insurance Trust (SSNIT), Kwasi Afreh Biney, says the Trust is considering alternative management models.
We will not sell them – SSNIT boss ends speculation over Labadi Beach Hotel and La Palm
Director-General of the Social Security and National Insurance Trust (SSNIT), Kwasi Afreh Biney, has firmly ruled out any sale of the Trust’s hotel investments.
Infrastructure is the backbone of the economy — GCB Bank MD
GCB Bank has reaffirmed its commitment to financing Ghana’s infrastructure drive, as its Managing Director, Farihan Alhassan, emphasised that infrastructure remains the backbone of every economy at the handover of heavy-duty vehicles and industrial machinery to Timeline Innovation Company Limited.
Ghana’s insurance industry remains underdeveloped as penetration rate still stands at 1.0% – Deloitte
While insurers are under pressure to improve underwriting performance and expand regional penetration, the report said compliance, transparency and credibility remain critical priorities for the Ghanaian market.
Cedi makes strong comeback against dollar; going for GH¢12.10 in retail market
In the interbank market, it strengthened by 5.66% against the US dollar, 6.76% against the British pound, and 6.24% against the euro, settling at midrates of GH¢11.22 to one American greenback, GH¢14.83 to a pound, and GH¢12.86 to a euro, respectively.
Ghanaian regulators look to Malaysia’s success as non-interest finance framework takes shape
For more than four decades, Malaysia has built one of the world's most successful non-interest finance ecosystems, transforming Islamic finance from a niche offering into a major pillar of its national economy. Today, Ghanaian financial regulators are looking to that success story as they prepare to deepen the implemen...
Middle East crisis remains major risk despite strong domestic economy – BoG governor
The Governor of the Bank of Ghana (BoG), and Chairman of the Monetary Policy Committee Dr. Johnson Asiama, says while Ghana’s domestic economy continues to show strong signs of recovery and stability, ongoing tensions in the Middle East remain a significant external risk to the country’s economic outlook. Speaking afte...