HomeBusinessBusiness

Business

Gov’t has no plans of selling its 30% shares in Vodafone – Ursula

The Government of Ghana has no plans of selling its 30 per cent shareholding in Ghana Telecommunications Company Limited (Vodafone Ghana), Ursula Owusu-Ekuful, the...

Bawumia’s attempt to save Aluworks fails as situation further degenerates 

The attempt by the Vice President, Dr Mahamudu Bawumia to save Aluworks PLC from collapse has failed as the company’s shutdown has entered the...

NPA to label fuel pumps based on octane grades

Head of Quality Control at the National Petroleum Authority (NPA), Ubeidalah Saeed, says the Authority has sanctioned the labeling of pumps for petrol based...

Few days to Yuletide: Christmas euphoria yet to pick up

The high cost of items and the low disposable incomes, have combined to dim the usual euphoria ahead of Christmas and other end-of-year festivities...

ECG makes part payment to Sunon Asogli

The Electricity Company of Ghana (ECG) has paid $30 million out of the $60 million debt owed Independent power producer, Sunon Asogli Power Limited....

Parliament approves $150m from World Bank

Parliament has approved a loan agreement of $150 million from the International Development Association of the World Bank for the West Africa Coastal Areas...

Beyond the Bowl: Ghana’s poultry demand vs local production

Imagine a Ghanaian celebration without the unmistakable aroma of perfectly seasoned poultry wafting through the air – a scenario as unthinkable as a sorrowful...

Benonita Bismarck retires from Ghana Shippers’ Authority

After a distinguished tenure as the Chief Executive Officer of the Ghana Shippers’ Authority (GSA), spanning a remarkable seven-year period from June 2017 to...

Newage Agric Solutions begins journey to create 145,000 jobs through the HAPPY Project

Today, Newage Agric Solutions Limited begins a journey to create 145,000 dignified jobs for youth, women and persons with disability, with women constituting 70%...

24-hour economy: We need a detailed implementation plan – Dr Quartey

The Director of the Institute of Statistical, Social, and Economic Research (ISSER), Dr. Peter Quartey, has expressed optimism that former President John Mahama's 24-hour...

Fraud, taxes, unstable network: bane to electronic transaction

There have been several efforts by the Ghana government to expand mobile money transactions nationwide.  Taxes, fraud and unstable networks have however, discouraged people from...

GUTA reacts to suspension of import restriction bill

The Ghana Union of Traders Association (GUTA) has welcomed the government's decision to suspend the Export and Import Regulations 2023 Bill. The President of...

Ghana spent $2.6bn to import 14 products including wigs, brooms and palm oil in 2021

Ghana’s import bill on 14 items reached approximately $2.6 billion in 2021. These items include fake hair (wigs), rice, brooms, use clothing, brooms and...

We are hopeful Ghana, Official Creditor Committee can reach agreement soon – IMF

The International Monetary Fund (IMF) has expressed optimism that the Ghana government and the Official Creditor Committee would be reached soon so that the...

List of 10 African countries with highest debt to the IMF; Ghana is 7th

The International Monetary Fund (IMF) is a key player in global finance, offering monetary assistance to governments suffering economic difficulties. However, these loans from...

Gov’t suspends controversial import restriction L.I

JoyNews can confirm that Government of Ghana is suspending the laying of the controversial Legislative Instrument seeking to restrict the importation of at least...

Farmers in Upper East decry low market for paddy rice

Farmers in the Upper East Region have decried the poor market for paddy rice after this year’s harvest and the challenges they are facing...

Import restriction bill: Akufo-Addo, Bawumia want to bring back ‘kalabule’ – NDC

The National Democratic Congress (NDC) is accusing President Akufo-Addo and his Vice, Dr Mahamudu Bawumia, of attempting to bring back 'kalabule' (cleaver bully, conditional...

Speak up against import restriction bill – NDC to clergy, CSOs

The National Democratic Congress (NDC) has called on the clergy, Civil Society Organisations (CSOs), and other relevant stakeholders to speak up against the proposed...

Import Restriction Bill breaches IMF agreement – NDC

The Minority in Parliament has reiterated its opposition to the Import Restriction Legislative Instrument (L.I), stating it breaches the terms of the International Monetary...

Import Restriction Bill not backed by data – GUTA

The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, says the government’s proposed Import Restriction Bill is not backed by...

Group demands removal of GRA boss

A group calling itself Concerned Citizens of Ghana is threatening to picket at the premises of the Ghana Revenue Authority (GRA) on January 15,...

Wilmar Africa Ltd wins ‘Food Manufacturing Company of the Year’ as Frytol takes ‘Food Brand of the Year’ spot

Wilmar Africa Limited, producers of Frytol Vegetable Oil and Fortune Rice won two awards at the just-ended Women’s Choice Awards Africa 2023, held on...

Govt lays out plan for Asogli debt payment

The government has agreed on a plan to retire debt owed to Sunon Asogli (Ghana) Limited Company, an independent power producer (IPP). Checks by the...

We don’t do credit scoring in Ghana – XDS Data

XDSData, Ghana's leading credit bureau, has denied widely-publicised claims that it has been producing credit score in Ghana. Vice President Dr. Mahamudu Bawumia recently announced...

Stop harassing our members, we are not running away from paying taxes – GGEA to GRA

The Ghanaian German Economic Association is appealing to the Ghana Revenue Authority (GRA) to stop what it describes as harassment of its members. According to...

Ghana Financial Stability Fund takes off – Governor

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has disclosed that the Ghana Financial Stability Fund has taken off. He made the...

UPSA duo emerge winners of 2023 MTN Pulse Business Challenge

Ruby Ampofo and Brainy Nuongtah Lenwood both second year students of the University of Professional Studies, Accra, emerged winners of this year's MTN Pulse...

Vehicle owners likely to pay GH₵100 ‘eco-tax’ annually

Petrol and diesel vehicle owners may be required to pay a new annual tax of GH₵100 per vehicle. The government is introducing this new tax...

T-bills auction: Government misses target by 30%

Ghana's interest rates have returned to an upward trajectory for the first time in a month, as the government continued to borrow heavily on...

Re-evaluate import restrictions bill – 2021 National Best Farmer tells govt

The 2021 National Best Farmer, Mashud Mohammed is appealing to the government to tread cautiously with the proposed Import Restrictions Bill. He stated that the...

Momo Agents Association defends ¢1,000 cap on cashout

The General Secretary of the Mobile Money Agents Association of Ghana, Evans Otumfuo has defended the group’s decision to cap cash withdrawals at a...

Ghana’s discussions with external creditors ongoing – IMF

The International Monetary Fund (IMF) has rejected claims of a stalemate in Ghana’s negotiations for the second tranche of the $3 billion credit facility...

Showdown beckons as Trade Minister readies to lay Goods Restriction L.I. despite opposition

In Parliament today, a major decision is set to take center stage. The Trade Minister, KT Hammond, is poised to present the controversial Goods Restriction...

MoMo withdrawals to be limited to GH¢1k per transaction

Mobile Money (MoMo) agents have announced a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. The measure which takes effect...

Trade Minister to lay import restrictions bill in Parliament today

The Minister of Trade and Industry, Kobina Tahir Hammond, is today expected to lay before Parliament the Legislative Instrument (L.I.), seeking to restrict the...

AGI backs proposed L.I to restrict strategic imports

The Association of Ghana Industries (AGI) has backed the Trade Ministry’s Legislative Instrument on Export and Import Regulations, 2023, to restrict the importation of...

Alert! Online Fraud: Tricks you should be aware of

In today's interconnected world, accessing goods and services is just a click away. As we approach the end of the year, the online...

Gov’t, private sector must work together to promote locally-produced rice – Association

The President of the Rice Millers Association of Ghana, Michael Darko is backing the Legislative Instrument seeking to restrict the importation of selected strategic...

Warrior King Watches garners global spotlight, elevating Ghana’s cultural essence

The Ghanaian-made luxury watch brand, Warrior King Watches, has secured a spot in the global market to amplify Ghana's rich cultural essence through timekeeping. Renowned...