Ghana Stock Market Starts the Week Strong

The Ghana Stock Exchange GSE kicked off the week on a high note, with the GSE Composite Index GSE CI climbing 21.83 points 0.42 percent to close at 5,267.19—pushing its year to date gain to 7.75 percent. Biggest Winners Standard Chartered Bank Ghana SCB Closing Price: GHS 25.01 Change: 8.74

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Tullow Oil to Resume Ghana Drilling After Tax Dispute Resolution

In a move poised to invigorate the oil sector, UK-based Tullow Oil is set to resume drilling operations in Ghana‘s oilfields by May 2025. This decision follows the resolution of a protracted tax arbitration dispute with the government, a settlement that lifts a considerable weight off Tullow’s financial shoulders. The

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GSE Wraps Up a Winning Week as Stocks Push Higher

GSE Wraps Up a Winning Week as Stocks Push Higher

The Ghana Stock Exchange (GSE) ended last week’s trading (Monday, February 3 – Friday, February 7, 2025) on a strong note, delivering gains for investors and signaling a market that is finding its rhythm.  Despite some midweek fluctuations, key indices moved upward, market capitalization swelled, and a few standout stocks

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IMF Team Begins Meetings with Government Today

IMF Team Begins Meetings with Government Today

An International Monetary Fund (IMF) team begins discussions with the government today, Monday, February 10, 2025, as part of a five-day visit to Accra. The talks will focus on Ghana’s economy and preparations for the upcoming 2025 Budget, which is set to be presented to Parliament in March. The team

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Cybersecurity Threats Surge as Ghanaians Remain Cautious About Digital Banking – KPMG

Cybersecurity Threats Surge as Ghanaians Remain Cautious About Digital Banking – KPMG

The 2024 KPMG Africa CEO Outlook highlights cybersecurity as the second most significant threat to businesses, especially in the banking sector. The report reveals that 23% of respondents distrust banks operating solely online, emphasizing the importance of maintaining physical branches. Moreover, 62% of participants stressed the critical need for security

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Trump’s False Claims on South Africa Spark Controversy, Afrikaans Lobby Group Defends Stance

Trump’s False Claims on South Africa Spark Controversy, Afrikaans Lobby Group Defends Stance

A white Afrikaans rights group, after years of lobbying right-wing U.S. politicians, faced global attention when former U.S. President Donald Trump falsely accused South Africa of seizing land from “ethnic minority Afrikaners” and announced the suspension of U.S. aid to the country. Trump‘s claim, which referenced land expropriation and race-based

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Ghana’s National Security Intercepts Counterfeit U.S. Dollars, Gold Bars

Operatives of Ghana‘s national security architecture have intercepted a massive shipment of counterfeit U.S. dollars and suspected gold bars, concealed within twelve 20-foot shipping containers in what is being described as one of the biggest financial crime operations in recent history. Acting upon a tip-off, security forces raided a warehouse

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Chocolate Prices Ease Ahead of Chocolate Week, But Remain Out of Reach for Many

Chocolate Prices Ease Ahead of Chocolate Week, But Remain Out of Reach for Many

As the 2025 National Chocolate Week kicks off, consumers may enjoy more affordable treats following a recent dip in chocolate prices. After significant price surges throughout 2024, the cost of chocolate has eased, offering some relief, although prices remain beyond the reach of many Ghanaians. This price reduction comes just

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Snapchat Reports $1.55B Revenue Amid TikTok Uncertainty, African Creators See Opportunity

Snapchat Reports $1.55B Revenue Amid TikTok Uncertainty, African Creators See Opportunity

Snapchat has reported $1.55 billion in revenue for the fourth quarter, benefiting from the ongoing uncertainty surrounding TikTok‘s future. Snap CEO Evan Spiegel acknowledged that TikTok’s challenges have led to increased engagement on Snapchat, which continues to thrive with a growing user base and stronger public content ecosystem. The platform

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