Business News of Thursday, 14 August 2025 Disclaimer Source: GNA Bank of Ghana Headquarters The Bank of Ghana has given its approval for credit bureaus to begin implementing credit scoring in the country, a move aimed at enhancing responsible lending and strengthening the national credit infrastructure. This development follows significant improvements in Ghana’s credit reporting system, including the availability of high-quality ...

Business News of Thursday, 14 August 2025 Source: www.ghanaweb.com MoMo-related transactions will be affected from 12:00 a.m. to 6:00 a.m on Sunday Telecommunications giant, MTN Ghana, has announced a temporary suspension of its Mobile Money (MoMo) services in the early hours of Sunday, August 17, 2025. The six-hour downtime, scheduled from 12:00 a.m. to 6:00 a.m., will affect all MoMo-related transactions. ...

Business News of Friday, 25 July 2025 Source: www.ghanaweb.com The Gold-for-Oil program recorded massive losses and has been cancelled by the NDC government The Minister for Finance, Dr Cassiel Ato Forson, has clarified that the Gold-for-Oil programme introduced by the NPP government was not a barter arrangement. Rather, he explained, the government paid cash for the oil it purchased. According to him, ...

Business News of Sunday, 27 July 2025 Source: www.ghanaweb.com Government has discontinued the gold for oil programme The Bank of Ghana has confirmed that a total loss of GH¢2.14 billion was incurred under the Gold for Oil (G4O) programme in 2023 and 2024. According to a myjoyonline.com report, this was contained in a formal response to a request for information filed ...

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Ghana’s actual public debt stood at GH¢737 billion in 2024 The Auditor-General’s report has revealed that Ghana’s public debt was overstated by GH¢138.90 billion in 2024. According to the report, the country’s total public debt was recorded as GH¢876 billion; however, an audit by the Auditor-General (A-G) found that the actual figure ...

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Guidelines for shipping lines come into effect on July 22, 2025 The Bank of Ghana (BoG) has directed all shipping lines operating in the country to publish their daily exchange rates, effective Tuesday, July 22, 2025. The rates must align with those of commercial banks, as part of broader efforts to standardise foreign exchange ...

Business News of Tuesday, 22 July 2025 Source: www.ghanaweb.com Dr Kwabena Duffour is the founder of defunt uniBank The Attorney General and Minister of Justice (AG), Dr Dominc Ayine has entered a nolle prosequi in the high-profile criminal case involving former finance minister Dr Kwabena Duffour and seven others, who were facing charges in connection with the collapse of defunct uniBank. The decision, ...

Business News of Wednesday, 16 July 2025 Source: www.ghanaweb.com   The PDS deal awarded a 25-year concession to manage ECG’s operations The Minister for Energy and Green Transition, John Jinapor, has stated that the collapse of the Power Distribution Services (PDS) deal was caused by the actions of a few greedy individuals closely associated with the agreement. According to him, the ...

Business News of Wednesday, 2 July 2025 Disclaimer Source: classfmonline.com File photo of plastic bottles Consumers should brace for a hike in the prices of plastic products as the Ghana Plastic Manufacturers’ Association (GPMA) has announced a 7% price increase on all locally manufactured plastic goods, effective 1st July 2025. In a statement issued and signed by the Association’s President, Ebbo ...

Business News of Wednesday, 2 July 2025 Source: www.ghanaweb.com The levy is designed to strengthen energy infrastructure financing Following a one-month suspension of the amended Energy Sector Levies Act, 2025 (Act 1141) popularly referred to as the fuel levy, the Ghana Revenue Authority (GRA) has announced that the levy will now take effect on Wednesday, July 16, 2025. In a statement signed by ...