Business News of Wednesday, 29 January 2025 Source: www.ghanaweb.com Minister of Finance, Dr. Cassiel Ato Forson The Government of Ghana, through the Ministry of Finance, has successfully signed a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC), marking a major milestone in the country’s efforts to resolve its ongoing debt challenges. The MoU has been agreed upon by all ...

Business News of Friday, 31 January 2025 Source: www.ghanaweb.com Dr. Ernest Addison, Bank of Ghana Governor The Governor of the Bank of Ghana, Dr. Ernest Addison, is set to proceed on terminal leave starting February 3, 2025, ahead of his official retirement from the central bank. Dr. Addison, who has served as Governor since April 3, 2017, was reappointed for a second term ...

Regional News of Saturday, 1 February 2025 Source: www.ghanaweb.com The cause of the fire remains unknown A raging fire swept through parts of Suame Magazine in Kumasi late Friday night, January 31, 2025, destroying several shops and valuable property. According to eyewitness reports, the fire started in an area known as “Garage” and quickly spread to nearby structures. The cause of ...

Business News of Sunday, 2 February 2025 Source: www.ghanaweb.com Individuals must take these factors seriously to avoid facing severe consequences The Bank of Ghana‘s advisory on financial literacy has outlined six essential factors to consider before guaranteeing a loan for someone else. These factors range from understanding the terms involved to realizing the legal ramifications, seeking expert advice, and other crucial considerations. ...

Business News of Sunday, 2 February 2025 Source: www.ghanaweb.com   Eric Opoku is the Minister of Food and Agriculture The Minister of Food and Agriculture, Eric Opoku, has announced that the government intends to revoke the contract for the construction of the Pwalugu Dam. According to him, the government will seek new contractors and funding to ensure the project’s execution, rather than ...

Business News of Saturday, 1 February 2025 Source: www.ghanaweb.com File photo of gold bars The Bank of Ghana has released data showing a significant increase in Ghana’s gold reserves. From 19.5 tonnes in 2023, the reserves rose to 30.5 tonnes in 2024, valued at $2.7 billion. This represents a 56% increase. According to the Bank of Ghana, the rise in reserves is part of ...

Business News of Monday, 27 January 2025 Source: www.ghanaweb.com   Bank of Ghana Headquarters A. Global Developments 1. The momentum in global economic growth observed at the beginning of 2024 was sustained throughout the year. The January 2025 World Economic Outlook (WEO) report indicates an upward revision in growth from 3.2 percent in the October 2024 WEO to 3.3 percent. The ...

Business News of Monday, 27 January 2025 Source: www.ghanaweb.com   The proposed GoldBod will serve as a specialized agency to oversee the marketing of Ghana’s gold The Minister of Finance, Dr. Cassiel Ato Forson, has inaugurated a Technical Committee tasked with drafting a comprehensive legal framework for the establishment of the Ghana Gold Board (GoldBod), a flagship initiative of President John Dramani Mahama aimed ...

Business News of Sunday, 26 January 2025 Disclaimer Source: bloomberg.com DDollar is a major trading currency The dollar wrapped up its worst week in 14 months as currency traders grapple with lots of tariff talk, with no real action, from President Donald Trump. The Bloomberg Dollar Spot Index closed 1.6% lower from last Friday — the steepest one-week drop since November ...

Economy of Sunday, 26 January 2025 Source: www.ghanaweb.com   President John Dramani Mahama President John Dramani Mahama has formed a seven-member planning committee to prepare for the much-anticipated National Economic Dialogue (NED). This initiative is a key component of the President’s 120-day social contract with Ghanaians, aimed at addressing the country’s pressing development challenges. The announcement was made in a statement issued by ...