Business Articles

The International Monetary Fund (IMF) has granted approval for the initial assessment of Ghana’s loan program, paving the way for an immediate payout of approximately $600 million from its $3 billion bailout initiative, as announced on Friday. This decision follows Ghana’s successful negotiation of a $5.4 billion debt restructuring deal …

Finance Minister Ken Ofori-Atta has announced that Ghana will re-engage with its international bondholders starting next week, building on the positive outcome of the recent restructuring of $5.4 billion in official creditor debt. Ofori-Atta revealed plans to continue discussions after meeting with holders of the country’s outstanding Eurobonds totaling around …

In the early days of 2024, optimism abounds among traders at Abossey Okai, one of Ghana’s major spare parts hubs. Despite acknowledging the economic challenges facing the country, these traders remain enthusiastic about the potential for improved business in the coming year. The atmosphere at the Abossey Okai Car Spare …

Nigerian tycoon Aliko Dangote has regained his title as the richest person in Africa, surpassing South African magnate Johann Rupert, according to the latest updates from Forbes Real-Time Billionaires ranking. Dangote’s net worth soared from $9.5 billion on January 3 to $10.4 billion, nudging him back to the top spot. …

According to the Bank of Ghana’s latest report in November 2023, Ghana’s currency, the cedi, has experienced a significant depreciation of 25.8% against the US dollar. The report highlighted a period of relative stability for the cedi between March and September 2023, trading between GHS 11.01 and GHS 11.13 against …

As a young adult, navigating the intricate landscape of personal finance can seem daunting. However, understanding fundamental financial concepts and adopting prudent money habits can lay a robust foundation for long-term security and success. Embrace Financial Literacy Start by familiarizing yourself with basic financial principles. Knowledge about debt management, investing, …

Life has a funny way of throwing financial challenges our way, and finding yourself broke can be a tough pill to swallow. During such times, starting a business might seem like a distant dream. Instead of diving into entrepreneurship, it’s essential to focus on immediate steps to rebuild your financial …

  Nana Appiah Mensah, also known as NAM 1, the embattled Chief Executive Officer (CEO) of the now-defunct Menzgold Ghana Limited, has asserted his intention to reclaim his GH₵2.5 million from the Ghana Police Service. He insists that the police were not authorized to deposit the funds with the Bank …

In a remarkable display of generosity, renowned Ghanaian businessman Ibrahim Mahama has made history by donating a substantial relief package to over 20,000 homes across the Central, South, North Tongu, and Keta constituencies, all of which have been severely impacted by the Akosombo Dam spillage. This benevolent act of philanthropy …

In an official announcement, the Ghana Police Service has confirmed the receipt of GH¢2.5 million from Nana Appiah Mensah, the former CEO of Menzgold, and the subsequent deposit of this sum into the Bank of Ghana. According to a statement shared on X (formerly Twitter), the Police Service clarified that …