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The market capitalization on the Ghana Stock Exchange (GSE) increased significantly to GH¢100.1 billion in October 2024. This is compared with GH¢73.9 billion recorded in October 2023. According to the Bank of Ghana, the increase in market capitalization was driven by appreciation in share prices, underpinned by renewed investor confidence particularly in the mining, IT, and finance sectors, and issuance of new shares by banks as part of the capital restoration efforts. The Central Bank described the performance of stocks on the GSE as strong. “With limitations in alternative investment options in the money market resulting from the Domestic Debt…
The acting pro-vice-chancellor of the University of Environment and Sustainable Development (UESD), Prof. Edward Wiafe Debrah wants a balanced approach to managing the country’s natural resources. Speaking at the 27th Annual General Meeting of the Ghana Institute of Foresters, Prof. Debrah pointed out the short-term economic benefits that mining provides in some communities but warned of its unsustainable nature. “Gold contributes about 35% to our economy, which is significant, but its value cannot outweigh frogs, trees, and plants that we lose in the process. If we eliminate these natural resources, no amount of money can bring them back, and the…
According to the Trade Statistics Report from the Ghana Statistical Service, United Arab Emirates (40.1%) led the destination of gold export followed by Switzerland (30.1%), South Africa (22.2%), and India (6.8%). Together they accounted for 99.2% of gold export from Ghana. About a third of mineral fuels and oils were also exported to China (29.8%), nearly a quarter of cocoa to the Netherlands (22.2%), vegetable products to Vietnam (17.0%) and iron and steel to Burkina Faso (55.9%). For five out of the 10 product classifications, China was the leading country of origin. However, for mineral fuels and oils the main…
In videos on social media, spectators were seen close to the landing site witnessing the historical landing which occured after 10 AM.
The Green Finance Facilitator (GFF) programme is designed to address this gap by building a pipeline of bankable and investable green projects.
Speaking on a radio show last week, Mr. Oduro Takyi alleged that these buffers, created during the Mills-Mahama administration, were specifically designed to maintain cedi stability.
The Finance Minister expressed optimism that the impasse would soon be resolved, allowing Ghana to access the crucial funds without significant delays
Acquah spoke during a ACEYE Public Policy Value Rating presser in view of the 2024 general elections, held at their headquarters in Dome, Accra.
The Role of Media”, Mr Domelevo sharply criticised government policies, alleging they have shifted from mere taxation to outright “robbery.”
Major drivers of the improvement in economic activity include increased port activity, households and firms consumption of goods and services , construction activities, credit to the private sector, and higher tourist arrivals,” a statement issued after the 121st MPC sitting on Friday November 29 said.