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The International Monetary Fund (IMF) has proffered three policies including acquisitions and mergers of banks and non-banks to mitigate the possible systematic financial instability in Ghana. These policies captured under the Risk Assessment Matrix contained in the recent IMF country report on Ghana, aim to mitigate risks and ensure the …

A lower-than-targeted primary deficit indicates that Ghana’s fiscal adjustment is underway, IC Research, the analytical arm of IC Securities has stated. The country recorded a primary deficit of ¢596 million (0.1% of Gross Domestic Product) in the first quarter of 2023, against the target deficit of ¢4.6 billion (0.6 percent …

The banking sector faces rising risk to asset quality and capital buffers despite a rebound in profitability ratios, IC Research, the research arm of investment bank, IC Securities has revealed. It said the updated summary of economic and financial data by the Bank of Ghana revealed further weakening in asset …

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Goil has taken the lead, selling at litre of diesel and petrol at ¢12.45 from its previous price of ¢12.30 a litre. The increase is in line with the biweekly review of prices at the …

As part of measures to make tourism play its leading role in the economic progress of the country, Ghana is working towards attracting two million international arrivals that will culminate in a $4 billion spending impact by 2025, President Nana Addo Dankwa Akufo-Addo has stated. He said as part of …

Newmont Africa has announced that, in the first quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GHS 843.72 million in taxes, royalties, and levies to the Government of Ghana, through the Ghana Revenue Authority (GRA), Forestry Commission, and Ministry of Finance. This amount …

The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, says Ghana is far advanced with negotiation with the World Bank for $900 million budget support facility. According to him, the budget support facility will be disbursed over the next three years alongside the International Monetary Fund’s $3 …

The Founder of the defunct Capital Bank, William Ato Essien, has been given a grace period of up to July 4, this year by the Accra High Court to pay a GH¢55 million restitution to the state. He risk possibly going to prison if he fails to pay the restitution …

The Ghana cedi is expected to record gains against the dollar and other major foreign currencies this week, as the progress of the International Monetary Fund (IMF) deal favorably impacts the market. According to many analysts that spoke to Joy Business, the cedi’s performance since March 2023 has been surprising, …

Fuel prices have began going down at the pumps in line with the fortnight review of prices of petroleum products. Oil Marketing Company, GOIL, has taken the lead cutting prices of petrol and diesel at the pumps today, May 16, 2023. The largest indigenous oil company is selling a litre …