Prime News Ghana

Today's Ghana Business, Banking and Economic news

BoG’s role in Debt Exchange Programme defended amid GH¢60bn losses

The Director of Research at the Institute of Economic Affairs (IEA) has defended the Bank of Ghana (BoG) against undue blame for its participation in the government’s Domestic Debt Exchange Programme (DDEP), which contributed to the central bank’s financial loss in 2022.

GRIDCo sees profits plummet by 99.5% in 2021

The financial health of the Ghana Grid Company Limited (GRIDCo) has taken a significant hit, with a staggering 99.5% reduction in profit before tax for the year 2021, leaving the company with a meager ¢1.296 million compared to the previous year’s profit of ¢270.704 million in 2020.

China opens visa application centre in Accra

China has opened a visa application centre in Accra to promote trade and economic growth between the two countries, as trade between the two countries reached US$10.27 billion in 2022.

Ghana's inflation rate hits 43.1% for July

Ghana’s inflation maintains its upward trajectory, surging for the third consecutive month and hitting a fresh peak of 43.1% in July, surpassing the previous level of 42.5%.

Government disburses GHC35 million to 270 MSMEs

The government, through the Ghana Enterprises Agency (GEA), has commenced its disbursement of GHC35 million in grants to some 270 selected micro, small and medium enterprises (MSMEs) under the Technical Assistance and Grant Programmes of the Ghana Economic Transformation Programme (GETP).