HomeBusinessBusiness

Business

SONA 2024: Good news for cocoa farmers

President Akufo-Addo has reaffirmed his commitment to supporting cocoa farmers in the upcoming season. During his State of the Nation address on Tuesday, February...

Cedi depreciates 4.44% to dollar since January 1, 2024

The Ghana cedi has lost about 4.44% in value to the US dollar since the beginning of the year. Last week, the local currency weakened...

SML doing world-class monitoring for Ghana; ignore the propaganda – Atta Akyea to Ghanaians

Chairman of Parliament's Mines and Energy Committee, Samuel Atta Akyea has rejected allegations suggesting that Ghanaians were cheated in the GRA-SML contract, labeling them...

COPEC, IES demand transparency from NPA regarding sanctions on Sentuo Oil Refinery

The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have urged the National Petroleum Authority (NPA) to disclose the sanctions...

T-bills auction: Interest rates fall for 8th week running; government raises GH¢6.26bn

Interest rates eased for the 8th week running on the treasury market but marginally. Indeed, the yields on the treasury bills continued to ease in line...

Ghana has the cleanest fuel in the sub-region – NPA Boss

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, says Ghana’s fuel specifications, which are set at Sulphur content of 50...

Bono Region: Close to 900,000 metric tonnes of cashew go waste

Madam Justina Owusu-Banahene, the Bono Regional Minister, has appealed to Ghana’s development partners to assist in adding value to cashew fruits and nuts for...

Tyler Perry halts $800m studio expansion after being shocked by AI video generator

Tyler Perry has paused an $800m (£630m) expansion of his Atlanta studio complex after the release of OpenAI’s video generator Sora and warned that...

Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso combined

Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise. It hits 23.5%, making it one...

It’s incorrect to say we’re playing soft with Sentuo Oil Refinery – NPA replies IES, COPEC

The National Petroleum Authority (NPA) has described as incorrect statements by the Institute of Energy Security (IES) and the Chamber for Petroleum Consumers (COPEC)...

KPMG to submit its audit report of GRA/SML contract today

KPMG is set to deliver its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) to...

Onion Sellers Association allays fears of price hikes

The Onion Sellers Association of Ghana has allayed concerns about a rise in onion prices because of Niger’s withdrawal from the Economic Community of...

Sub-standard fuel: NPA suspends license of Sentuo Oil Refinery for sale of inferior products

The National Petroleum Authority (NPA) has suspended the approval given to Chinese company, Sentuo Oil Refinery to sell some finished petroleum products on the...

COCOBOD’s ¢2 billion loss in 2021 attributed to price decline on international market

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, says the GH¢2 billion loss to the Board in 2021 was...

Govt generated GH¢1.19 billion from E-levy in 2023 – John Kumah

The Deputy Minister of Finance, Dr. John Kumah, has revealed that government got GH¢1.19 billion in revenue from the E-levy in 2023. Addressing concerns over...

BoG, DBG sign MoU to commission study on “Innovative Financing for MSMEs in Ghana”

The Bank of Ghana has signed a Memorandum of Understanding (MoU) with the Development Bank Ghana (DBG) to commission a study on “Innovative Financing...

SML contract shoots GRA’s revenue in petroleum downstream to over GH¢12bn

Details emerging from the contract between Strategic Mobilisation Ghana Limited (SML) and the Ghana Revenue Authority (GRA) have revealed positive outcomes for the country's...

COPEC and IES demand shut down of Sentuo Refinery, probe by OSP

The Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) have called on the National Petroleum Authority (NPA) as a matter...

Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%

The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher...

9 in 10 working Ghanaians dissatisfied with their financial situation – Old Mutual 2023 Report

A recent study conducted by Old Mutual has revealed a concerning trend in Ghana's financial landscape: a significant portion of working Ghanaians are not...

COCOBOD loses over 150 thousand metric tonnes of cocoa to smuggling

Ghana Cocoa Board has revealed to Parliament’s Public Accounts Committee that the company has lost over 150 thousand metric tonnes of cocoa beans to...

Cedi loses 3.66% to dollar since January 1; one dollar equals GH¢12.75

The Ghana cedi has lost about 3.66% in value to the US dollar since the beginning of 2024. The local currency lost ground last week...

We will be in a dire situation if we fail to meet some tax obligations – Dr. Amin Adam

Finance Minister Dr. Mohammed Amin Adam has revealed that Ghana would be in a dire situation if it fails to meet some tax obligations...

Let’s work together to achieve 2024 revenue target – Amin Adam charges GRA

The newly appointed Finance Minister, Dr Mohammed Amin Adam, has urged the Ghana Revenue Authority (GRA) to put in place a strategic roadmap to...

Ghana to expand cocoa rehabilitation with $200m World Bank loan

Ghana’s COCOBOD will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes...

I engaged in prudent financial management as Finance Minister – Ofori-Atta insists

Former Finance Minister, Ken Ofori-Atta says he committed himself to the prudent management of the strategic resource allocated to him during his tenure in...

T-bills auction: Interest rates fall to 27.89%; government records 23.64% oversubscription

Interest rates fell for the seventh consecutive week despite a marginal increase in the January 2024 inflation. According to the auction results by the Bank...

Atlantic Lithium pledges responsible and sustainable mining practices at Ewoyaa

Atlantic Lithium Limited has committed itself to responsible and sustainable mining practices ahead of Ghana's first lithium production at Ewoyaa in the Central Region....

Don’t blame Ofori-Atta for Ghana’s financial woes – Centre for Social Policy Studies Economist

A Development Economist and a Senior Research Fellow at the Centre for Social Policy Studies (CSPS) of University of Ghana, Dr. George Domfe, has...

IMF boss congratulates Dr. Amin Adam after appointment as Finance Minister

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has congratulated Dr. Mohammed Amin Adam after his appointment as Minister of Finance. A...

TOR Board Chairman, David Adomako resigns

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako, has resigned from the board. In a letter to the presidency, Mr. Adomako cited...

Ministerial reshuffle: Amin Adam can’t turn economy around in 9 months – Seth Terkper

A former Finance Minister, Seth Terkper has voiced doubts regarding Dr. Mohammed Amin Adam's appointment as Finance Minister by President Akufo-Addo. Mr Terkper expressed his...

Fuel prices to go up – COPEC

Indications are that the pump prices of petrol, diesel and LPG are likely to go up in the next Window beginning 16 February 2024. The...

15% tariff increase was needed to save our business – MTN Ghana CEO

The Chief Executive of MTN Ghana, Selorm Adadevoh, has justified the 15.0% increase in tariffs for all its products and services, insisting, it was...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

Election-induced expenditures could threaten fiscal economy – Report

Election-induced expenditures could threaten the fiscal economy going forward.   According to the 2024 Quarterly Report by Databank Research, following the government signal of a...

I’ll not depart from IMF programme – Amin Adam

The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF). He has assured...

Parliament to investigate delayed payments to Cocoa Road Contractors

The Speaker of Parliament, Alban Bagbin, has announced plans to establish a high-powered committee aimed at investigating the issue of outstanding payments to cocoa...

92% of women businesses in Ghana have never exported – OAWLI

A research data to be released as part of international women’s day, by Oxford Africa Women Leadership Institute (OAWLI), an Enterprise Support Organization, indicate,...

Valentine’s Day: Souvenir vendors lament low patronage

Valentine's Day holds a significant place for individuals and families to celebrate and reaffirm their affection, camaraderie, and admiration for each other. In Ghana,...