Category: Finance

Goldstar Air Will Help Change Minimum Wage Under 25 Cents An Hour Of The Average Ghanaian Worker To A Living Wage.

Views: 279 Goldstar Air, the wings of Ghana and belly of America, will help transform Ghana’s minimum wage, currently under 25 cents (a quarter of a dollar) per hour, or the daily minimum wage of GH₵21.77 (under $2 a day) as of January 1, 2026, for the average Ghanaian worker into a living wage. This […]

Ghana Must Break Away From Cyclical IMF Programmes – World Bank

Views: 745 The World Bank has urged Ghana to take bold and deliberate steps to end its repeated reliance on International Monetary Fund (IMF) loan-supported programmes. While acknowledging the effectiveness of IMF interventions, the Bank noted that their short-term orientation does not address Ghana’s long-term macroeconomic stability needs. Instead, it stressed that sustainable transformation would […]

Ghana: Treasury bill rates fall below 20% for the first time in 20 months

Views: 765Ghana’s Treasury bill (T-bill) rates have fallen below 20 per cent for the first time in nearly two years, reflecting a shift in government borrowing strategy and strengthening investor confidence in the country’s economic recovery. According to the latest auction results from the Bank of Ghana, the 91-day T-bill rate dropped sharply to 17.72 […]

All you need to know about the new Bank of Ghana Headquarters

Views: 873The Bank Square spans a sprawling 150,000 square metres and features seven interconnected structures. It accommodates 2,500 staff members, providing a blend of functionality, employee wellness, and eco-conscious design. Key highlights of the headquarters include: Communication from the central bank describes the Bank Square is one of Ghana’s largest solar-powered office complexes, with an […]

Ghana Stock Exchange reaches record GH¢80billion market capitalization

Views: 1,180In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary […]

Ghana’s economic reforms show progress – IMF

Views: 631The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of the country’s economic reform programme. This news comes after Ghana’s government implemented a series of measures aimed at tackling economic challenges faced in 2022. The IMF-backed programme focuses on restoring […]

World Bank Approves US$250 Million Loan to Bolster Ghana’s Financial Stability

Views: 593The World Bank Group has approved a 250-million-U.S. dollar loan to support Ghana’s financial sector stability program over the next five years, according to a press release issued here on Friday. The release said the loan would help strengthen Ghana’s financial sector after the government’s Domestic Debt Exchange Program (DDEP) impacted some financial institutions. […]

Atlantic Lithium approved for listing on Ghana Stock Exchange

Views: 642Atlantic Lithium Limited has received approval from the Ghana Stock Exchange’s (GSE) Listing Committee and Ghana’s Securities and Exchange Commission to list the company’s ordinary shares on the Main Market of the GSE. This approval marks a significant step forward for Atlantic Lithium as Ghana’s first near-term lithium producer to be listed on the […]

FBNBank Ghana changes to FirstBank Ghana to align with Group identity

Views: 627FBNBank Ghana has announced its name change to FirstBank Ghana, effective Thursday, May 2, 2024, as part of a strategic alignment with the FirstBank Group’s identity, vision, and values. This name change reflects the Bank’s commitment to its customers, stakeholders, and the communities it serves. The decision to rebrand to FirstBank Ghana underscores the […]

GSE market cap crosses GH¢80bn

Views: 1,114The Ghana Stock Exchange (GSE) has exceeded the GH¢80billion mark in market capitalisation for the first time, concluding April 2024 at GH¢80.32 billion. The surge in market capitalisation reflects increased trading activity. On the final day of April, the GSE saw some 29,700 shares traded, representing a market value of approximately GH¢180,800. This translates […]

Bilateral creditors have shared draft document on Ghana’s debt restructuring for consideration – Finance Minister

Views: 614The Minister of Finance Dr Mohammed Amin Adam has said that bilateral creditors through the Official Creditor Committee have shared the draft document on Ghana’s debt restructuring for consideration. He said this while addressing the press at the end of the IMF Spring meeting in Washington, D.C., on Sunday, April 21. “ The Official […]

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