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The country’s total revenue for 2025 is projected at GH¢209.3 billion, about 17.2% of Gross Domestic Product, IC Research has revealed. This will represent a slower growth of 16.1% as against 33.8% year-on-year estimated for 2024. On the spending side, it stressed that total expenditure (on commitment basis) is projected at GH¢240.9 billion, about 19.8% of GDP in 2025. This will represent a sharper slowdown in expenditure growth to 10.4% year-on-year (versus +32.2% year-on-year estimated for 2024. “While the International Monetary Fund explained that the expenditure forecast assumes full debt restructuring, the Fund also underscored the need to strengthen expenditure…

President-elect, John Dramani Mahama says the country’s energy sector is in dire need of urgent reforms to address the escalating crisis caused by the outgoing government led by President Akufo-Addo. He stressed that, without prompt intervention, the situation could jeopardize the economic growth and development of the country with a current debt of $2.5 billion and non-payment of Independent Power Producers (IPPs). Speaking during a brief meeting with the Canadian High Commission in Ghana following his electoral victory in the December 7 elections, President Mahama has accused the outgoing Akufo-Addo-led government of mismanaging the country’s energy sector resulting in high debt levels,…

The Chartered Institute of Bankers, Ghana (CIB Ghana) has held its 16th Induction and Graduation Ceremony, where it celebrated the induction of 110 new chartered bankers, significantly expanding the institute’s professional community to a total of 1,127 chartered members over the past five years. Speaking at the event, held under the compelling theme – ‘Career Beyond Qualification: Navigating Horizon Risks’, Chief Executive Officer, Robert Dzato reiterated the institute’s commitment to developing trusted professionals in the financial sector. “We aim to put ethics and professionalism at the forefront of our agenda, even as we pursue our mandate of promoting the study…

The Ghana Co-operative Council held its 2nd Annual General Meeting (AGM) in Accra, urging cocoa farmers to embrace the cooperative model to strengthen their collective voice and promote resilience within Ghana’s cocoa value chain. As part of the AGM, the council signed a Memorandum of Understanding (MOU) with three key members: the Ghana Cocoa Cooperative Association and Marketing Ltd, the Credit Unions Association, and the Transport Cooperatives Association. This initiative aims to operationalise the sixth cooperative principle, focusing on collaboration to drive impact and growth among members. The event brought together over 60 farmer cooperatives, unions, and stakeholders within the…

The Interim Management Committee (IMC) appointed by the Accra High Court of Justice in July 27, 2023 to oversee Adamus Resources Ltd. is facing significant challenges in executing its mandate. Despite the court’s order, the security personnel at the company’s operational site in Ellembelle have denied the IMC access to take over the management of the company. This isn’t the first time the IMC has been prevented from carrying out its duties. On three separate occasions, they’ve been blocked from entering the company’s premises, including the Head Office in Accra and the operational site in Ellembelle. The IMC was established…

Despite these challenges, the IMF expressed optimism about forthcoming reforms

The Asian African Consortium (AAC), a key player in advancing agribusiness across Africa, has officially rebranded as the African Agribusiness Consortium (AAC) Limited. This transformation represents a bold step in the organisation’s ongoing commitment to fostering growth, innovation, and sustainability in the African agribusiness sector. By aligning its name with its core focus, the African Agribusiness Consortium underscores its dedication to creating impactful solutions for farmers, agribusiness stakeholders, and communities across the continent. The rebranding also signals the Consortium’s intent to expand its influence and develop initiatives that directly address the challenges and opportunities within African agriculture. With a…

The Consumer Education Team of the National Petroleum Authority (NPA) has intensified its public engagement campaign on the safe use of Liquefied Petroleum Gas (LPG) with a town hall meeting at the University of Mines and Technology (UMaT) Essikado Campus in the Western Region. The sensitization campaign, held as part of efforts to increase LPG adoption in households, focused on educating the public about the health, safety, and environmental benefits of LPG usage for cooking. Speaking at the event, officials from the NPA emphasized the importance of using LPG as a clean and efficient alternative to traditional fuels like firewood…

The United Nations Development Programme’s Insurance and Risk Finance Facility (UNDPsIRFF) has expressed concerns over Ghana’s neglect of inclusive non-life insurance solutions, despite strides made in health and life insurance. According to the UNDPsIRFF, while the poor and vulnerable have some access to health and life insurance products, non-life-inclusive insurance solutions remain largely inaccessible. These sentiments were shared during the Non-Life Actuarial Capacity Development (NACDev) programme for health insurance companies, organized by the UNDPsIRFF in partnership with the Actuarial Society of Ghana and the Private Health Insurers Association Ghana (PHIA-G) as part of the UNDP-Milliman-Global Actuarial Initiative (GAIN). Speaking at…

The National Insurance Commission (NIC) has inaugurated a 12-member steering committee to spearhead the implementation of inclusive insurance in Ghana. The committee, chaired by Mrs. Stella Jonah, Head of Supervision at the NIC, includes representatives from key institutions. Abdul-Rashid Rahman, Secretary to the Committee, and Mohammed Hafiz Issahaku, Head of Innovation at NIC, will support her leadership. Other members include Kyeame Ghansah, Head of Research at NIC; Mrs. Patience Arku-Boham, Head of the Pensions and Insurance Unit at the Ministry of Finance; and Nicholas Nyagblornu, Head of the Intersectoral Collaborations Unit at the Ministry of Health. The team also…