Amazon Web Services (AWS) has introduced its prototype quantum computing chip, named ‘Ocelot,’ marking a significant advancement in the company’s efforts to address challenges in quantum computing, particularly error correction and scalability. The Ocelot chip demonstrates up to a 90%…
Cal Bank Returns to Significant Growth in Profit for 2024; PBT Hits GH₵414.2M Cal Bank has achieved significant profit growth in 2024, with Profit Before Tax (PBT) reaching GH₵414.2 million. This marks a major improvement from the GH₵946.2 million loss…
China continued to be Ghana’s largest source of imports in 2024, supplying goods valued at approximately GH₵50 billion. This trade relationship highlights China’s significant role in Ghana’s economy, with the Asian powerhouse maintaining a dominant position in various sectors, including…
In a pointed rebuttal to President John Dramani Mahama’s recent State of the Nation Address, former Deputy Finance Minister Abena Osei-Asare asserted that Ghana was on a clear path to economic recovery prior to the current administration and accused President…
In a dramatic downturn, Bitcoin’s price plunged below $80,000 on Friday, marking its lowest point since November. This sharp decline has effectively erased the gains accumulated since President Donald Trump assumed office with a pro-crypto stance. The cryptocurrency market as…
In a decisive move, President John Mahama has directed that individuals linked to the National Service Authority ghost names scandal be declared wanted. During his State of the Nation address, Mahama announced that the accounts and assets of these individuals…
Ghana Trade Surplus Reaches GH₵44.7 Billion in 2024 Ghana achieved a remarkable trade surplus of GH₵44.7 billion in 2024, primarily driven by a significant surge in gold exports. The latest data from the Ghana Statistical Service reveals that the country’s…
President John Dramani Mahama is currently delivering his first State of the Nation Address (SONA) in Parliament, marking a significant event in his second term as Ghana’s President. This address is in line with Article 67 of the Constitution, which…
ACCRA, Ghana – In a decisive move to reinforce financial leadership, President Mahama has announced major BoG Board Appointments by naming Governor, Isaac Adongo, and 9 additional members as the new board for the Bank of Ghana (BoG). The appointments…
ACCRA, Ghana – In a bold move to ease the financial burden on the logistics sector, the Director-General of the Ghana Ports and Harbours Authority (GPHA) has called for Covid Levy Removal and the scrapping of VAT on transit cargo.…
ACCRA, Ghana – The government is actively pursuing World Bank Funding worth US$250m to support banks hit hard by the Domestic Debt Exchange Program (DDEP). Officials say the funding will directly bolster financial institutions and restore confidence in the domestic…
LAGOS, Nigeria – The Nigerian military now faces a heavier workload after Burkina Faso, Niger, and Mali withdrew from the Economic Community of West African States (ECOWAS), the Chief of Air Staff announced during a recent briefing. The Chief of…