Business

COVID-19 Was A Whole Jackpot For Government – Nii Moi Thompson

COVID-19 Was A Whole Jackpot For Government – Nii Moi Thompson

Dr. Nii Moi Thompson, a renowned economist, disclosed that the COVID-19 pandemic unexpectedly boosted the Akufo-Addo government’s finances. Ghana received…
Cedi Continues Suffocating, Drops 21% To GH¢15.70 Per Dollar

Cedi Continues Suffocating, Drops 21% To GH¢15.70 Per Dollar

Last week, the spot market saw a 3.88% decline in the value of the Ghana cedi relative to the US…
Ghana Secures $2 billion Loan From Korea To Boost Economy

Ghana Secures $2 billion Loan From Korea To Boost Economy

Ghana is anticipating a US$2 billion concessionary loan from South Korea to promote the nation’s economic development, according to Deputy…
Concerned Drivers Association Supports Mahama ‘s Transport Reforms

Concerned Drivers Association Supports Mahama ‘s Transport Reforms

The Concerned Drivers Association ‘s leaders have endorsed key transport policies proposed by NDC flagbearer, John Dramani Mahama. These include…
Shortage of Cocoa Products Approaches: Companies Risk Shutdown

Shortage of Cocoa Products Approaches: Companies Risk Shutdown

If your favorite cocoa product is scarce or more expensive, here’s why: Ghana’s cocoa processing companies are struggling due to…
Tax Social Media & Online Businesses: Dep. Finance Minister

Tax Social Media & Online Businesses: Dep. Finance Minister

Dr. Alex Ampaabeng, the deputy minister of finance, has suggested taxing internet traders on social media in order to stimulate…
Cedi Stays Weak As Cocoa Export Revenue Falls By Over $500m

Cedi Stays Weak As Cocoa Export Revenue Falls By Over $500m

Illegal mining, climate issues, diseases, and smuggling caused cocoa export revenue to drop by over $500 million in early 2024,…
Finance Ministry To Refund Customers Of Closed Banks Soon – Bawumia

Finance Ministry To Refund Customers Of Closed Banks Soon – Bawumia

The Ministry of Finance is arranging to reimburse customers of businesses that the Securities and Exchange Commission (SEC) dissolved as…
Blame Galamsey For High Prices of Vegetables – GAWU

Blame Galamsey For High Prices of Vegetables – GAWU

According to the General Agricultural Workers Union (GAWU), illicit mining activities in Ghana are to blame for the acute shortage…
Cement Prices Rise Up To GH¢108 Despite Trade Minister’s Order

Cement Prices Rise Up To GH¢108 Despite Trade Minister’s Order

Cement prices are still rising in spite of a ministerial directive to the Cement Manufacturing Development Committee in Ghana (CMDCG),…
Investors Resume Protests Over Unpaid Funds

Investors Resume Protests Over Unpaid Funds

The Locked-up Investment Holders’ Forum members have returned to their public demonstrations, calling on the Finance Ministry to release their…
Ghana To Start Building First Manganese Refinery In August

Ghana To Start Building First Manganese Refinery In August

August of this year will see the start of building on Ghana’s first manganese refinery, according to Minister of Lands…
Bank Of Ghana Reports A GH₵10.5 Billion Loss In 2023

Bank Of Ghana Reports A GH₵10.5 Billion Loss In 2023

The Bank of Ghana reported a net loss of GHS10.5 billion for the fiscal year ending 2023. This loss is…
Registrar To Remove 508,000 Companies From List

Registrar To Remove 508,000 Companies From List

By the end of June 2024, fifty-eight thousand (508,000) public and private business organizations must be removed from the Office…
Cowbell Celebrates World Milk Day with Free Breakfast for 100K Kids

Cowbell Celebrates World Milk Day with Free Breakfast for 100K Kids

Under the theme “Let’s Celebrate Nutritious and Sustainable Dairy,” 100,000 servings of a full breakfast were served to students from…
China Tops Ghana’s Imports In 2023 With GHC33.9bn Value

China Tops Ghana’s Imports In 2023 With GHC33.9bn Value

With GHC 33.9 billion in imports in 2023 compared to GHC 26.4 billion in 2022, China continues to be Ghana’s…
Electricity Tariffs To Go Up: PURC Announces

Electricity Tariffs To Go Up: PURC Announces

The price increases for gas, water, and electricity have been announced by the Public Utilities Regulatory Commission (PURC). The increase…
Vegetable Prices Increase By 100% In Kumasi

Vegetable Prices Increase By 100% In Kumasi

Vegetable prices, including those of carrots, lettuce, and green peppers, have increased dramatically, which has an impact on market sales.…
World Bank Approves $250m Loan For Ghana

World Bank Approves $250m Loan For Ghana

On Friday, May 31, the World Bank approved a $250 million credit for Ghana’s Financial Stability Project, which will last…
Bawumia Plans To StabilizeThe Cedi With Gold

Bawumia Plans To StabilizeThe Cedi With Gold

In the event that he wins the presidency in the polls on December 7, Dr. Mahamadu Bawumia, the flagbearer of…
Government To Launch 5G Internet In Six Months

Government To Launch 5G Internet In Six Months

Since the government of Ghana revealed plans to bring out the 5G network over the next six months, internet customers…
Consumer Protection Agency Alerts Ghanaians On Fake Diapers

Consumer Protection Agency Alerts Ghanaians On Fake Diapers

The public, particularly mothers, have been warned by the Consumer Protection Agency (CPA) to be on the lookout for fake…
Local Manufacturers Oppose 5% Tax On Plastic Products

Local Manufacturers Oppose 5% Tax On Plastic Products

Local manufacturers in the nation have protested against a 5% excise charge on plastic goods made there. They claim that…
Mahama Begs Companies Leaving Ghana To Stay

Mahama Begs Companies Leaving Ghana To Stay

National Democratic Congress (NDC) flagbearer John Dramani Mahama has urged international corporations to stay in the Ghanaian market. Since 2022,…
COCOBOD Plans To Borrow $1.5bn for 2024-25 Cocoa Purchases

COCOBOD Plans To Borrow $1.5bn for 2024-25 Cocoa Purchases

Ghana’s cocoa regulator plans to borrow up to $1.5 billion by September to buy cocoa for the 2024/25 season and…
Ketu North Rainstorm Causes Damage, Over 150 Jobs At Risk

Ketu North Rainstorm Causes Damage, Over 150 Jobs At Risk

A rainfall that devastated a 450-acre farm in the Ketu North District of the Volta Region has put over 150…
Energy Ministry Denies Napo’s Alleged Role in Tullow Oil Deal

Energy Ministry Denies Napo’s Alleged Role in Tullow Oil Deal

Claims of a deal involving Tullow Oil, Kosmos, GNPC, and Petro SA that were made by social media commentator Kevin…
Ghana Reaches GH₵658,600,000,000 In Debt

Ghana Reaches GH₵658,600,000,000 In Debt

In just the first two months of 2024, Ghana’s public debt increased significantly by GH¢47.4 billion, totaling GH¢658.6 billion. By…
Akosombo Dam Spillage: Business Victims Seek Compensation

Akosombo Dam Spillage: Business Victims Seek Compensation

Eight months after the VRA’s water spill from the Akosombo Dam, many businesses in South Tongu District are still struggling.…
MTN Ghana Will Quit Making Airtime Scratch Cards by June 2024

MTN Ghana Will Quit Making Airtime Scratch Cards by June 2024

With effect from June 30, 2024, MTN Ghana has stated that it will be gradually discontinuing its scratch cards, which…
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