Banking Industry’s NPLs Surged To 24.1% In June 2024
The banking industry’s Non-Performing Loans (NPLs) ratio surged to 24.1% in June 2024, up from 18.7 percent in June 2023. According to the Bank of […]
Business
Government Receives GH¢56 Billion Through GIFMIS Platform
As of June 2024, the Ghana Revenue Authority had collected GH¢56.4billion through the Ghana Integrated Financial Management Information System (GIFMIS) platform. This represents a 34.6 percent increment […]
Government Revises Economic Targets Upwards For 2024
Government has revised the 2024 macroeconomic framework due to recent domestic and global economic developments, including the debt restructuring programme with external and domestic creditors. […]
Herbert Krapa Commissions Largest Rooftop Solar In Africa
The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s single largest rooftop photovoltaic solar plant that produces 16.8 megawatts of […]
Cedi Depreciates 19.5% Against Dollar As Of July 2024 – BoG
The Ghana cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of Ghana […]
Ghanaian Banks Warned Of Cybercrime Risk Resulting From Fake CrowdStrike Update
The Africa Centre for Digital Transformation (ACDT) has issued a warning to banks in Ghana about potential cybercrime threats following a global software failure. The […]
GPHA Dismisses Ex-Casual Workers Compensation Claims
The Ghana Ports and Harbours Authority (GPHA) has stated that a group of former casual workers threatening a demonstration over alleged unpaid severance compensation have […]
Supreme Court Vindicates BoG In UniCredit Licence Revocation
The Supreme Court of Ghana has affirmed that the Bank of Ghana (BoG) acted within its legal rights when it revoked the operating licence of UniCredit Ghana […]
Finance Minister Seeks US$12 Billion Investment From Saudi Arabia
Finance minister Dr. Mohammed Amin Adam has called on Saudi investors to contribute its quota in raising US$12billion over the next three years. This, he […]
Construction Of Jamestown Fishing Harbour Completed
The construction of the Jamestown Fishing Harbour has been completed on schedule, with operationalization expected to begin before the end of this year. The new […]