Business
IMF to disburse US$360m third tranche to Ghana without creditors MoU
Mr Abebe Aemro Selassie, Director, African Department, International Monetary Fund (IMF), says Ghana will receive its next funding support from the IMF even if it is unable to sign a final debt pact with its official bilateral creditors. This means that the country would receive its third tranche of US$360 million when the IMF Board […]
Business
MoF, MASLOC board can’t be left off the hook in the misappropriated funds – Harry Yamson
A Public Sector Analyst Harry Yamson says the Ministry of Finance (MoF) and Board of Microfinance and Small Loans Centre (MASLOC) cannot be left off the hook in the case of misappropriated funds and financial loss caused to the state. His concerns follow the sentencing of former MASLOC Boss, Sedina Christine Tamakloe Attionu, and Daniel […]
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Headlines
2024 Election: An electoral tsunami will hit Ghana – Prof. Wutor
President of the Canada branch of the Professionals Forum (PROFORUM) of the opposition National Democratic Congress (NDC), Prof. Victor Wutor has predicted what he terms an electoral tsunami come December 7. The Professor of Biotecnology at the Rhodes University has therefore charged members of the NDC to stand ready. Speaking at the Diaspora Townhall Forum […]
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Economy
Gov’t determined to reach debt agreement within sustainable targets
By Joshua Worlasi AMLANU joshua.amlanu@thebftonline.com Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […]
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Editors Pick
NDC Norway Branch stands firm against corruption, calls for accountability
Dr. Rashid Pelpuo, Member of Parliament for the Wa constituency and a key figure in the National Democratic Congress (NDC), engaged some members of the NDC Norway branch in Oslo to discuss critical national issues concerning Ghana’s economy and national politics. The meeting, held on the sidelines of the United Nations conference on Parliamentarians, focused […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Business
IMF deal: Performance indicators contributed to completion of 2nd review – Amin Adam
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […]
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General News
GARID Project: KON promises to clear funding hurdles
The Minister of Works and Housing, Kojo Oppong-Nkrumah, last Friday, April 12, 2024 convened a meeting with the Project Contractors of the Greater Accra Resilient and Integrated Development (GARID) Project. The main agenda was to assess the project’s current status and address issues hindering its progress. In his opening remarks, Mr Oppong-Nkrumah expressed gratitude to […]
The post GARID
Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
The post OmniBSIC
Banking & Finance
Fidelity Bank reaffirms commitment to empowering women-owned businesses
Fidelity Bank, Ghana’s largest privately-owned bank, reaffirmed its commitment to empowering women entrepreneurs during the Women in Business Dialogue Series hosted by the Business and Financial Times. Nana Esi Idun-Arkhurst, Divisional Director, Retail & Business Banking at Fidelity Bank, delivered impactful insights at the event, emphasizing the importance of cultivating investor-ready businesses and Fidelity’s commitment […]
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General News
Government Assures Ghanaians Of No New Taxes
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes.
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News
Development is a shared responsibility – Asenso-Boakye
The Minister for Roads and Highways, Francis Asenso-Boakye, has called for a renewed mindset among Ghanaians to enable the country to achieve its development goals. According to him, development was a shared with responsibility which required that the citizens contributed their quota towards achieving the development goals of the country. “Development, as I always say, […]
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General
GPRTU: Drivers at Sparna Junction call for dedicated transport station
Drivers at the Sparna Junction, Tema Motorway Branch of the Ghana Private Road Transport Union (GPRTU) are urging the Ledzokuku Municipal Assembly to permit them to establish a dedicated transport station for passengers along the route in a bid to improve road safety and combat congestion. The proposed station aims to prevent drivers from parking […]
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Eastern
Assembly woman for Old Estate East forms community watchdog committee
The Assemblywoman for Old Estate East Electoral Area in the New Juaben South Municipality of the Eastern Region, Rebecca Oforiwaa Darko popularly known as Abena Payaase, has formed a community watchdog committee to fight crime in the area. The community watchdog committee, which was jointly formed with the Koforidua Central Police Command, is to aggressively […]
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Featured
Dumsor: I advised Akufo-Addo not to touch ESLA – Mahama
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […]
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