HomeBusinessBusiness

Business

T-bill yields to continue downward trend

Treasury yields are expected to tumble further due to the positive inflation outlook in the medium term. Inflation took a nose dived in April 2024...

Cedi free-fall has left our business in crisis – Food and Beverages Association

Traders across the country are crying foul over the devastating impact of the depreciating cedi on their activities. The business community is up in arms...

Fuel prices to ease from May 16 – IES

Fuel prices are expected to fall marginally from May 16, 2024, the Institute for Energy Security has predicted. This is due to the reduction of...

Kodua Fokuo must have met BoG’s requirements to head NIB – Banking Consultant

A Banking Consultant, Dr Richmond Atuahene has stated that the appointment of Tweneboah Kodua Fokuo as Managing Director of the National Investment Bank (NIB)...

Invoices on debts owed IPPs to reach $450m by end of year

The cumulative invoice on debts owed Independent Power Producers (IPPs) is projected to hit $450 million by the end of the year, should talks...

Illegal mining effect on cocoa production can’t be solved by COCOBOD alone – ISSER Researcher

A researcher at the Institute of Statistical Social and Economic Research (ISSER), Professor Fred Dzanku says addressing the impact of illegal mining on cocoa...

Cedi depreciation better this year – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has noted a slower rate of depreciation for the cedi this year compared to the previous year. Despite recent...

Finance Minister forecasts 15% inflation rate by close of 2024

The Finance Minister, Dr Mohammed Amin Adam, has stated that the government's pragmatic policies are effectively steering the economy in the right direction. He highlighted...

Nana Kwesi Koranteng Obeng: Bridging the gap for content creators

In the fast-paced world of digital content creation, there's often a hidden figure behind the scenes who play a crucial role in connecting creators...

GUTA raises alarm over depreciation of cedi and rising freight charges

  The Ghana Union of Traders Association (GUTA) has raised alarm over the current depreciation of the cedi and rising freight charges, stating that it...

Parliamentary candidacy won’t interfere with bank duties – New NIB MD

Tweneboa Kodua Fokuo, the newly appointed Managing Director (NIB) of the National Investment Bank (NIB), has clarified that his role as a Parliamentary Candidate...

Your welfare paramount to us – Finance Minister tells GRA officers

The Minister of Finance, Dr Mohammed Amin Adam, has pledged better conditions of service for the staff of the Ghana Revenue Authority (GRA) and...

Investment decisions must integrate ESG principles – BoG Governor

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison says companies seeking to invest in the country must integrate sustainability principles in...

BoG Governor calls for more investment in fintech space

The Governor of the Bank of Ghana has called for more investment in Africa's fintech space. According to Dr. Ernest Addison, this move will accelerate...

CBG commissions Sickbay Project at Berekum

Consolidated Bank Ghana Limited (CBG) has officially launched the CBG Sickbay Project by commissioning an ultra-modern sickbay at Methodist Senior High/Technical School in Berekum. This...

Cedi can only stabilse temporarily but will keep on depreciating – Prof Bokpin

Economist and professor of finance at the University of Ghana, Prof Godfred Bokpin, has asserted that the cedi can only be stabilised temporarily from further...

Dollarisation of Ghana’s economy not solution to cedi depreciation – ASEPA

The Alliance for Social Equity and Public Accountability (ASEPA) has disagreed with suggestions by Dr John Kwabena Kwakye, the Director of Research at the...

Dr Nick Danso Agyei crowned “Entrepreneur of the Year”

In a night of significant achievements at the Ghana-West Africa Business Excellence Awards on May 10, 2024, Dr. Nick Danso Adjei, Chief Executive Officer(CEO)...

Risk of stronger US dollar could affect Emerging Markets credit momentum – Fitch

Ratings agency Fitch Ratings believes a sustained period of US dollar strength against emerging market (EM) currencies including Ghana could weigh on some EM...

Ghanaians, businesses to become poorer 10 years from now if… – Ken Thompson

Director of Dalex Finance, Ken Thompson, has said that businesses and Ghanaians in general, are going to become poorer in the next 10 years...

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law

The World Bank and the International Monetary Fund are coming under pressure to use their financial might to persuade Ghana to reconsider a proposed...

Tweneboa Kodua Fokuo appointed Managing Director of NIB

Mr. Tweneboa Kodua Fokuo has taken over from Mr. Samuel Sarpong as the Managing Director of the National Investment Bank (NIB). His appointment takes effective...

We’ll address concerns of illegal MoMo charges – BoG

The Bank of Ghana has initiated discussions among relevant stakeholders to address concerns regarding unauthorized mobile money transfer charges. This comes amidst mounting apprehension over...

Keeping interest rates ‘unnecessarily high’ will make Ghanaian cedi suffer more – Togbe Afede to BoG

Togbe Afede XIV, the Agbogbomefia of the Asogli State, has voiced his concerns regarding the Bank of Ghana's (BoG) interest rates, emphasising their potential...

Nduom hints at #BringBackGNBank nationwide campaign

The Global Chairman of Groupe Nduom, Dr Paa Kwesi Nduom has hinted at an impending nationwide tour seeking to campaign for the return of...

Ghana imported £63m textiles from UK in 2023

The latest data from the United Kingdom's (UK) Department for Business and Trade fact sheet has revealed Ghana imported £63 million textile fibres in...

We are confident about our board meeting in June on Ghana’s second review – IMF

The International Monetary Fund (IMF) has indicated that, it is confident Ghana’s second review programme will be completed to help approve some $360 million...

Ring cocoa prices may impact sweet tooth – SBM Intelligence report

Executive summary The global cocoa industry faces unprecedented challenges as cocoa supplies tighten and prices surge, impacting chocolate manufacturers and consumers worldwide. Oxfam reports that the...

Bawumia urges African countries to learn from Ghana’s use of digitalisation in corruption fight

Vice President and flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia has urged African countries to emulate Ghana’s digitalisation agenda which has been...

More businesses will cease operation in Ghana if… – GNCCI

The Ghana National Chamber of Commerce and Industry (GNCCI) has warned that if the concerns of the business community and industry are not addressed...

Bawumia attributes ECG revenue surge to digitalization, from ¢450m to over a billion

Vice President Dr Mahamudu Bawumia has revealed a significant surge in revenue collection at the Electricity Company of Ghana (ECG), attributing the boost to...

Not wearing panties fast becoming vogue among Ghanaian women

It is fast becoming the new vogue for many women in Ghana to avoid wearing panties underneath their casual and formal attires. A significant number of both...

Societe Generale Group initiates strategic review of Societe Generale Ghana

The SocieteGenerale Group says it has initiated a strategic review of SocieteGenerale Ghana. This comes barely 24 hours after the Managing Director of Societe Generale...

PDS scandal: US shuts down $190m compact with ‘no immediate plans to work in Ghana again’

The Millennium Challenge Corporation has confirmed to JoyNews that despite the prevailing power crisis, it has no “immediate plans to work again in Ghana”...

E-VAT boosts revenue by 32%

The Ghana Revenue Authority (GRA) has refuted rumours suggesting that the piloting of its electronic Value Added Tax (e-VAT) invoicing system has resulted in...

60 women benefit from Impact Group’s “Learn A Skill Project”

Sixty women residing in the Ayawaso West Municipal Assembly Area of Accra, Ghana, have recently reaped the rewards of a two-day skills development project. These...

Bawumia to establish equipment plant pool to support small scale miners

The flagbearer of the NPP, Dr. Mahamudu Bawumia, has pledged to establish common-user processing facilities in various mining districts across the country if elected...

Akufo-Addo to order release of KPMG report

A source at the office of the President has confirmed that, President Akufo-Addo is set to authorize the release of the KPMG audit report...

367 agric students and beginner agribusinesses set for 7th edition of Ag-Stud bootcamp

Approximately Three Hundred and Sixty-Seven (367) agricultural students and beginner agribusinesses from various agricultural colleges, farm institutes, and universities across Ghana have been selected...

GRA addresses reports of billions lost in E-VAT revenue

The Ghana Revenue Authority (GRA) has responded to reports claiming that the nation has lost billions in revenue due to the implementation of the...