Business
Akufo-Addo Approves ¢1.5bn Bailout For Banking Sector Clean-up Victims
June 24, 2024
Akufo-Addo Approves ¢1.5bn Bailout For Banking Sector Clean-up Victims
The Finance Ministry has been directed by President Akufo-Addo to distribute ¢1.5 billion to consumers who felt the impact of…
COVID-19 Was A Whole Jackpot For Government – Nii Moi Thompson
June 20, 2024
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
June 19, 2024
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
June 15, 2024
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
June 14, 2024
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
June 13, 2024
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
June 13, 2024
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
June 11, 2024
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
June 11, 2024
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
June 7, 2024
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
June 6, 2024
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
June 6, 2024
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
June 6, 2024
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
June 4, 2024
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
June 4, 2024
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
June 3, 2024
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
June 3, 2024
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
June 2, 2024
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
May 31, 2024
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
May 31, 2024
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
May 31, 2024
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
May 31, 2024
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
May 31, 2024
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
May 29, 2024
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
May 28, 2024
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
May 27, 2024
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
May 27, 2024
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
May 27, 2024
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
May 26, 2024
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
May 25, 2024
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.…