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High tax rates hindering growth in Ghana’s petroleum industry – Deloitte Report

Tax-related challenges continue to pose significant threats to Ghana’s petroleum industry, according to Deloitte’s October 2024 Oil and Gas Industry Survey. The report reveals that...

Cocoa Carriers Association to begin indefinite sit-down strike today

The leadership of the Cocoa Carriers Association has instructed its members at the Tema, Takoradi, and Kumasi depots of the Cocoa Marketing Company Limited...

Taylor Swift becomes richest female musician with net worth of $1.6 billion

Taylor Swift has surpassed Rihanna to become the world’s richest female musician, with a net worth estimated to be a whopping $1.6 billion. Swift’s ascent was confirmed on...

5 Nobel-worthy discoveries that haven’t won the prize

The best minds in science will be thrust from academic obscurity into the spotlight next week when the Nobel Prizes in physics, chemistry, and...

NK-Salem Creative Hub: A dynamic space for creative professionals

NK-Salem Creative Hub has established itself as a forward-thinking powerhouse in the creative and tech industries, offering a range of services designed to foster...

Implementation gaps hinder business climate in 50 economies – World Bank

Economies do better at enacting regulations to improve the national business climate than they do in providing the public services needed to secure actual...

Ghana’s progress on debt restructuring remarkable – IMF

Ghana has made remarkable progress on its public debt restructuring, the International Monetary Fund(IMF) has stated in its Third Review of Ghana’s Economic Facility...

NEIP disburses GH¢3m grant to 5th season Presidential Pitch winners

The National Entrepreneurship and Innovation Programme (NEIP) has awarded a GH¢3 million grant to winners of the 5th season of the Presidential Pitch. This initiative,...

Winners of the 5th edition of the Presidential Pitch applaud Akufo-Addo

The winners of the 5th edition of the Presidential Pitch have expressed their gratitude to the President for the initiative, which aims to empower...

IMF reaches Staff-Level Agreement on third review with Ghana

An International Monetary Fund (IMF) team, led by Mission Chief for Ghana, Stéphane Roudet, has reached a Staff-Level Agreement on the Third Review of...

Significant number of Eurobond holders opt for disco option in debt restructuring deal

A significant number of bondholders who participated in the Eurobond Debt Exchange Programme opted for the disco menu of new notes. This means that the...

We are back to capital market after restructuring $13bn Eurobond debt – Finance Minister

The Minister of Finance, Dr. Mohammed Amin Adam has indicated that Ghana is back on the international capital market, following the successful conclusion of...

Eurobond Debt Exchange Programme: Gov’t secures more than 90% participation

The government has secured significant participation from investors in the Eurobond Debt Exchange Programme. This is what Joy Business has picked up from persons familiar...

OpenAI value surges to $157bn in funding deal

OpenAI, the maker of ChatGPT, has raised $6.6bn in its latest funding round, as investors including its early backer Microsoft continue to bet big...

The People’s Forum: Traders in Nsawam market lament low patronage amid high prices

Traders and buyers at the Nsawam cassava and plantain market in the Nsawam-Adoagyire Municipality of the Eastern Region have expressed concerns over low sales...

Address shifts in food supply, agric labour as a result of climate change effects – GSS to Gov’t

The Government Statistician, Professor Samuel Kobina Annim has asked government to address shifts in food supply and agricultural labour due to climate change effects. He...

BoG to auction $120m to BDCs in quarter 4, 2024

The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the fourth quarter of 2024. This is the same amount...

Increases in food prices will continue – GAWU warns

The General Agriculture Workers Union (GAWU), is predicting food prices will continue to surge in the coming months despite government’s policy intervention. This follows the...

Proper recycling of electronic materials is central to combating climate change – CEO of Electro Ghana Limited

The Chief Executive Officer of Electro Ghana Limited, Nana Yaw Konadu, has revealed that proper recycling of electronic materials is central to combating the...

Inflation rises marginally to 21.5% for September

The inflation rate for September 2024 increased to 21.5 percent from 20.4 percent in August. This rise is due to an increase in food inflation,...

Dry spell: Gov’t set to distribute food grants to over 800k farmers

The government will from October 10, 2024, distribute food grants to over 800,000 farmers affected by the dry spell that hit the northern and...

Nacasky achieves record revenue and customer milestones

Nacasky Company Limited, a leading IT solution provider, has reached significant milestones since partnering with Intercity STC and other transport organisations. The company has generated...

Get licensed or shut down – Trade Minister directs cement producers

The Minister of Trade and Industry, K. T. Hammond, has directed cement manufacturers to secure licences or halt production immediately. The minister issued the directive...

Bond market: Traded volume declined 20.48% to GH¢722m

Activities in the secondary bond market declined by 20.48%, falling from GH¢908 million to GH¢722 million. The February 2027 maturities dominated trading, capturing 47.2% of...

 Government misses treasury bill target by GH₵2.6 Billion amid liquidity crunch

Liquidity in Ghana’s money market remains tight as the government missed its treasury bill target by GH₵2.6 billion in the most recent auction. According to...

NBA legend Mutombo dies from brain cancer aged 58

NBA Hall of Famer Dikembe Mutombo has died from brain cancer at the age of 58. The eight-time NBA All-Star, who retired in 2009, spent...

Ghana’s economy to rise to 3-year high of 5.5% – Fitch Solutions

Fitch Solutions is forecasting an economic growth in Ghana to rise from 2.9% in 2023 to a three-year high of 5.5% in 2024. The latest...

Cedi holds steady in retail market amid rising demand; one dollar equals GH¢16.25

The local currency remained stable in the retail market last week but faced pressure in the interbank market. The pressure was due to a renewed...

Galamsey: AngloGold Ashanti warns of production risks and health hazards

Several mining companies in the Western Region are raising alarms over the escalating encroachment of illegal mining activities, locally referred to as galamsey. AngloGold Ashanti,...

Tariff increment reflects broader economic issues – Edward Bawa

Member of Parliament's Mines and Energy Committee, Edward Bawa, has stated that the recent increase in utility tariffs is indicative of larger economic challenges...

Total mobile money transactions hit GH¢1.775trn

The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed. This is...

Ghana secures $30M UAE grant for forest conservation

The Ministry of Lands and Natural Resources, on behalf of the Forestry Commission, has signed a Letter of Intent with the Government of the...

Spare parts dealers accuse gov’t of collapsing their businesses

Spare parts dealers at Kokompe in the Greater Accra region have expressed worry over what they describe as a deliberate attempt by the government...

Ghana’s cocoa export revenue hits lowest levels since 2018

Data from the Bank of Ghana’s latest Summary of Economic and Financial Data reveal a worrying drop in export revenues, with cocoa earnings between...

New utility tariff hikes will worsen cost of living – GUTA

The Ghana Union of Traders Association (GUTA) has raised concerns about the recent hike in water and electricity tariffs, questioning the rationale behind the...

Taxes are suffocating businesses – GNCCI CEO calls for urgent tax reforms

Businesses in Ghana are struggling under the weight of high taxes, according to Mark Badu-Aboagye, CEO of the Ghana Chamber of Commerce and Industry...

Jon Moore International celebrates 25 years of excellence in project logistics

Jon Moore International, a leading indigenous project logistics company in Ghana, has celebrated its 25th anniversary with a grand dinner and awards ceremony honouring...

Bank of Ghana launches Gold Coin to provide investment opportunities for Ghanaians 

The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians. The GGC is a coin manufactured from...

2024 election: Mahama makes juicy promise to spare parts dealers

The Presidential candidate of the National Democratic Congress(NDC) has accused the Akufo-Addo government of collapsing the jobs of spare parts dealers with high taxes...

BoG lowers Monetary Policy Rate to 27%

The Bank of Ghana (BoG) has reduced its Monetary Policy Rate by 200 basis points, bringing it down to 27%. This marks the second rate...