Business

The Ministry of Health has strongly denied claims of a $34.9 million payment to Ghana Auto Group Limited for spare parts. These allegations, made by Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, suggest that a procurement deal for ambulance spare parts worth $34 million involved collusion between former Finance Minister Ken Ofori-Atta, former […]

Ghana has launched the first phase of its 1,000-megawatt rooftop solar project, designed to power companies within the free zone enclave. Upon completion, this solar project will become Africa’s largest and the second largest globally. It is expected to generate 24,750 MWh of clean, stable, and sustainable electricity annually, enhancing companies’ access to the European […]

Recent data from the Ghana Statistical Service (GSS) suggests that Accra, the vibrant capital city of Ghana, is poised to experience heightened congestion by 2030, driven by significant population growth. The GSS’s latest population projections for 2021 to 2050 reveal a marked increase in population across the Greater Accra region. As of 2024, Ghana’s total […]

At the break of dawn, Akwasi Ofori, a cobbler, sets off with his improvised box in hand. With a rhythmic strike of a stick against his box, he signals his availability to potential customers, ready to repair footwear on the spot as he traverses the neighborhoods of Achimota and its surroundings. Akwasi Ofori is among […]

A significant 52.76 percent of Ghanaians are multidimensionally financially included, as indicated by the 2022 Composite Financial Inclusion Index. Launched by the Financial Sector Division (FSD) of the Ministry of Finance, the 2022 index monitors progress in implementing the National Financial Inclusion Development Strategy (NFIDS) from 2018 to 2022. It provides a comprehensive assessment of […]

GCB Bank PLC has achieved a remarkable turnaround, reporting a profit of over GHS 1 billion in 2023, following a loss of GHS 743.5 million in the previous year. This milestone represents a significant achievement in the bank’s history, reflecting a total revenue growth of 26% for the year. GCB Bank PLC’s total revenue surged […]