Scammers in Ghana are using a new trick to steal money from people’s mobile money accounts. They send a small amount of money, like ¢20, to your account. Then, when you check your balance...
Scammers in Ghana are using a new trick to steal money from people’s mobile money accounts. They send a small amount of money, like ¢20, to your account. Then, when you check your balance and enter your pin, they use that chance to get your pin and access your...
Dr Mahamudu Bawumia, the Vice President and Flagbearer of the New Patriotic Party, has reiterated his commitment to creating a friendly economic environment for businesses and the private sector to thrive. That, he said, would drive the transformation of the economy under his presidency. At a special dinner in...
The Bank of Ghana has suspended popular remittance platform, Taptap Sendʼs partnerships with payment service providers and commercial banks for one month, effective November 8, 2024. The BoG said this decision follows Taptap Send’s operation of a cedi remittance wallet, which goes against the Foreign Exchange Act of 2006...
The Cement Manufacturing Development Committee (CMDC) and manufacturers have reached an agreement for the full implementation of the Legislative Instrument (LI2491) requiring manufacturers to disclose their ex-factory prices to the committee at the beginning of every month. The LI, known as the Ghana Standards Authority (Pricing of Cement) Regulation...
The rise of MoMo fraud is increasing, and it seems previous tactics are becoming well-known, so scammers are using new methods to transfer your money without your knowledge. This happened to me, and I’m going to share my experience to help you avoid falling victim. There’s a new cheap...
Brazil on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling. Latin America’s biggest economy is struggling with what Finance Minister Fernando Haddad has called a betting...
A businessman, Collins Darkwah Aboagye, has accused the Board Chairman of the Agricultural Development Bank (ADB), Daasebre Akuamoah Agyapong II (Kwahumanhene), of extorting a significant sum of money from him in exchange for securing a 12 million Ghana Cedis loan for his company, Prabhat Trading Limited. In a petition...
China’s Zijin Mining Group has reached an agreement to purchase the Akyem Gold Mine in Ghana from Newmont Corporation for $1 billion, marking a significant shift in ownership for the gold-rich asset. The deal reflects Newmont’s continuing effort to streamline its portfolio and concentrate on its highest-performing operations. As...
The Public Utilities Regulatory Commission (PURC) has announced a 3.02% increase in electricity tariffs and a 1.06% rise in water tariffs for the third quarter of 2024, effective from October 1. In a statement released on Saturday, September 28, the PURC explained that the adjustment was necessary due to...
The value of the local currency – the cedi – has fallen against all its major trading currencies according to the latest Bank of Ghana report. The September 2024 Summary of Economic and Financial Data by the Bank of Ghana puts the depreciation of the cedi against the dollar...