Category: Business

Elon Musk Rebrands Twitter as ‘X’

Business, International

Elon Musk has officially initiated a massive rebranding of Twitter, replacing its iconic bird logo with the letter “X” as part of his vision to transform the social media site into an “everything app.” CEO Linda Yaccarino described “X” as a future global marketplace powered by AI that will integrate audio, video, messaging, and financial […]

Ghana Fuel Prices Set for Fifth Consecutive Decline in December 2025

Business

Ghanaian consumers are expected to experience further relief at the pumps as fuel prices continue their downward trend. Starting in late December 2025, petrol prices are projected to decrease by 1.5%, settling at GH₵14.88 per litre. Diesel and Liquefied Petroleum Gas (LPG) will see more marginal reductions of 0.3%, bringing their respective costs to GH₵15.50 […]

Ministry of Finance Orders Forensic Audit of GH¢4.4 Billion in State Payables

Business

In a decisive effort to restore fiscal credibility, Finance Minister Dr. Cassiel Ato Forson has launched an eight-week forensic audit into GH¢4.4 billion of outstanding government payables. Announced on April 15, 2025, during a joint briefing with the Bank of Ghana and the IMF, the audit will be spearheaded by the Auditor-General alongside two international […]

Ministry of Finance Unveils Bold Structural Reforms to Restore Fiscal Discipline

Business

In a strategic push to reinforce Ghana’s IMF-supported recovery program, the Ministry of Finance has introduced a comprehensive set of structural reforms designed to enhance transparency and curb public overspending. Finance Minister Dr. Cassiel Ato Forson announced these measures during a joint press briefing with the Bank of Ghana and the IMF, highlighting the government’s […]

Ghana Revenue Authority Leverages Ghana Card Merger to Uncover Millions of Potential Taxpayers

Business

The Ghana Revenue Authority (GRA) has reported that the integration of the Tax Identification Number (TIN) with the Ghana Card has significantly enhanced its operational capacity to identify tax evasion and under-reporting. According to Dominic Naab, Special Aide to the Commissioner-General, the data merger revealed approximately 12 million individuals who were previously missing from the […]

K.T Hammond justifies tax exemptions to 1D1F companies

Business

Trade and Industry Minister K.T. Hammond is currently defending the government against allegations from the Minority in Parliament regarding approximately GH₵12.5 billion in proposed tax waivers. The controversy began when the Ranking Member of the Trade and Industry Committee, Yusif Sulemana, claimed that the government is attempting to grant GH₵7 billion in new exemptions under […]

Government Retains 30% Stake in Vodafone Ghana Following Telecel Takeover

Business

The Minister for Communications and Digitisation, Ursula Owusu-Ekuful, has confirmed that the Government of Ghana intends to keep its 30% shareholding in Ghana Telecommunications Company Limited (Vodafone Ghana). Speaking on the floor of Parliament on December 11, the Minister clarified that despite the recent change in majority ownership, the state has no plans to divest […]

Parliament Approves $350 Million in World Bank Loans for Coastal Protection and Crop Diversification

Business, News

Parliament has granted approval for two major loan agreements totaling $350 million from the World Bank to strengthen Ghana’s environmental defenses and agricultural diversity. The first agreement involves a $150 million loan from the International Development Association for the second phase of the West Africa Coastal Areas Resilience Investment Project. This funding is specifically designed […]

Jubilee South East Project Drives Record $840M in Ghana Petroleum Revenue

Business

The launch of the Jubilee South East (JSE) project has triggered a significant turnaround for Ghana’s energy sector, reversing previous production declines with a 10.7 percent increase in crude oil output. According to the Public Interest and Accountability Committee (PIAC) 2024 semi-annual report, the country’s petroleum receipts surged by 55.6%, reaching a record $840.8 million […]