Author: SAMUEL
The business community is gearing up to submit proposals for the 2026 budget to the Ministry of Finance ahead of the August 29, 2025, deadline. The Ghana Union of Traders Association (GUTA) says it will push for a further reduction in commercial lending rates and tax rates to ease the cost of doing business. The Finance Ministry is inviting contributions from business associations, professional bodies, financial institutions, civil society organisations, faith-based groups, and the general public to shape the 2026–2029 Budget Statement and Economic Policy. According to the Ministry, past submissions have significantly influenced national budgets. With the government targeting…
Latest Data from the Bank of Ghana’s latest Credit Reporting Activity Report indicates that Credit enquiries in Ghana surged to 29.5 million in 2024, marking a 114.6% increase from 13.7 million in 2023. This continued rise underscores the growing role of credit reporting as a key tool in institutional credit management of financial institutions. On a monthly basis, enquiries averaged 2.46 million, up 16.24% year-on-year, with the 2023 monthly average standing at 2,114,636. In terms of borrower profiles and reporting activity, individuals accounted for 55% of searches, while 44% targeted digital loan customers, underscoring the growing influence of fintech-driven credit…
Tullow Oil has reported a loss after tax of $61 million for the first half of 2025, a sharp reversal from the $196 million profit recorded in the same period last year. The downturn was attributed to lower oil prices, reduced production volumes, and higher maintenance costs. Revenue for the period dropped to $524 million, down from $759 million in the first half of 2024. The decline reflects a fall in average realised oil prices to $69.0 per barrel, compared to $77.7 per barrel in the prior year, coupled with a decrease in production volumes. Working interest production for the…
Last week’s Treasury bill auction ended in an undersubscription, with total demand falling 22.12% short of target. The result breaks a streak of three consecutive oversubscriptions and follows a sharp drop in the interest rate offered on the 56-day Bank of Ghana (BoG) bill. According to the latest BoG data, the government sought to raise GHS 8.58 billion but secured GHS 6.69 billion. Out of GHS 5.02 billion in bids for the 91-day bill, GHS 4.99 billion was accepted. For the 182-day bill, GHS 1.23 billion was taken from GHS 1.37 billion in bids, while the 364-day bill recorded GHS…
General Manager of Kwara United, Mallam Bashir Badawiy, is confident his side will clear the Asante Kotoko hurdle in the preliminary stage of this year’s CAF Confederation Cup. Speaking exclusively to Akoma FM, Badawiy played down the influence of home support, insisting that mentality — not the size of the crowd — is what determines success on the pitch. “We were in Sudan with a full-capacity crowd. We also played in Berkane, Morocco, against one of the best clubs there, and we almost qualified. It’s not about the crowd; it’s about mentality. If you can’t play in front of a…
A new feature on Instagram that let’s users share their real-time physical location with others on the app has privacy experts concerned over the amount of data exposed and potential safety risks to users. Called Instagram Map, the new feature was introduced on Thursday as part of an app update. On its blog, the company says the location-sharing tool makes it “easier for you and your friends to stay in touch through the content you’re enjoying on Instagram.” “You can opt into sharing your last active location with friends you pick, and you can turn it off anytime,” Instagram said…
In 1999, Canadian company Research In Motion (RIM) launched the first BlackBerry device. It was a game-changer, a phone with email, a physical keyboard, and unmatched security. Business executives, world leaders, and celebrities all carried a BlackBerry. By the late 2000s, it was the ultimate status symbol, with over 80 million users worldwide. But then came the iPhone in 2007 and Android shortly after. While the smartphone world was moving toward touchscreens and app stores, BlackBerry insisted that people still wanted physical keyboards. By the time they tried to catch up, it was too late. Users had moved on. Today,…
Ghana Premier League champions Bibiani Goldstars have been paired with Algerian giants JS Kabylie in the first preliminary round of the 2025–2026 CAF Champions League. This marks an exciting milestone for Goldstars, as they prepare to make their debut in Africa’s premier club competition following their historic league triumph secured on the final day of the season. The two-legged tie will commence with the first leg hosted by Bibiani Goldstars in Kumasi between September 19 and 21. The Ghanaian champions will aim to capitalize on home advantage to build a strong foundation before traveling to Algeria for the return leg,…
Two of the eight victims of the Adansi Akrofuom military helicopter crash will be buried on Sunday, August 10, in line with Islamic traditions that require prompt burial. The funeral committee confirmed the rites are for Dr. Ibrahim Mohammed Murtala, Minister for Environment, Science, Technology and Innovation, and Alhaji Muniru Limuna Mohammed, Acting Deputy National Security Coordinator. The ceremonies will be conducted in line with Islamic customs, traditions, and practices. According to the funeral planning committee, Jannaza prayers will be held at 2:00 p.m. on Sunday, August 10, at the Forecourt of the State House in Accra, followed by interment…
The Local Organising Committee (LOC) of the CAA Region II Senior Athletics Championship has announced a change in the event’s dates to 18 and 19 August 2025, instead of the originally scheduled 15 and 16 August. The LOC explained that the decision to postpone was made in recognition of the national mourning period declared by President John Dramani Mahama to honour the memory of the victims of the recent helicopter crash. According to the LOC, the change in dates will not affect the quality or integrity of the championship. All logistics, accreditation, and technical arrangements will be adjusted accordingly to…