HomeBusinessBusiness

Business

Cedi records relative stability; going for ¢11.50 to a dollar in retail market

The Ghana cedi has recorded relative stability to the dollar and all the other major currencies this yuletide period. The local currency is hovering around...

Fuel prices to go down significantly from January 1, 2023

Prices of petroleum products will go down significantly beginning this Sunday, January 1, 2023, the Institute for Energy Security (IES) has predicted. This follows an...

Cedi to depreciate by about 22% in 2023 – EIU

UK based Economist Intelligence Unit (EIU)is predicting about 22% depreciation of the cedi to the dollar in 2023. This will rank the local currency as...

aYo pays GHS20,000 medical bills for 13 new mothers at KATH

aYo Intermediaries Ghana, the award-winning mobile insurance wing of MTN Ghana has put smiles on the faces of some 13 new mothers at the...

MTN Ghana awards MoMo Agent and Merchants

Top performing mobile money agents and merchants have been awarded at the 2022 edition of the MTN Ghana Mobile Money Agents and Merchants awards...

Govt includes individual bondholders in domestic debt exchange

Individual bondholders have now been included in the Domestic Debt Exchange as the Government of Ghana has announced the further extension of the expiration...

GRA shuts down Regal Chinese Restaurant at Osu [Photos]

The Ghana Revenue Authority (GRA) has closed down the Regal Chinese Restaurant at Osu, Accra. The development was as a result of non-compliance with its...

Spio-Garbrah calls for regulation to check high prices of goods

A former Minister of Trade and Industry, Dr Ekwow Spio-Garbrah, is calling for the introduction of price control institutions to regulate the pricing of...

Fitch to downgrade Ghana to very deeper junk status; Ghana’s Issuer Default Rating now ‘C’

Rating agency, Fitch, has given an indication of a further downgrade of Ghana’s credit rating to very deeper junk status. This is coming after it...

All you need to know as BoG increases mobile money transaction limit

The Bank of Ghana (BoG) has increased mobile money transaction and wallet limits. The Bank in a statement issued on December 22, 2022, noted the...

Accra: Traders take over bus stops [Photos]

What is the function of a bus shelter? Call it a bus stop if you may, but the Oxford Advanced Learner’s Dictionary says it is...

E-levy rate reviewed to 1%; GH¢100 daily threshold maintained

The Minority in Parliament has succeeded in ensuring that government maintains the GH¢100 Mobile Money threshold. Parliament also approved the reduction of the Electronic Transfer...

Victory at last: Pension Funds exempted from Debt Exchange Programme

Government has announced an exemption of all pension funds from the Debt Exchange Programme. This follows a meeting between Organised Labour, Ministry of Employment and...

GOIL sends strong message to fraudsters

GOIL PLC has cautioned fraudsters against the use of the company’s name to defraud unsuspecting persons.  This comes on the back of fake promotions...

GRA apprehends 9 retail shops at Achimota Mall

Some nine retail shops operating in the Achimota Mall have been apprehended by the Ghana Revenue Authority (GRA) for non-registration and non-issuance of Value...

Used clothing dealers announce reduction in prices

The Used Clothing Dealers Association has announced a 30% reduction in the prices of their goods. The Public Relations Officer of the association, John Obiri-Yeboah,...

Taskforce to chase stubborn drivers over transport fares reduction [Listen]

JoyNews/AdomNews · Taskforce to chase stubborn drivers over transport fares reduction The Ghana Road Transport Coordinating Council (GRTCC) and Ghana Private Road Transport Union (GPRTU)...

IMF Board approval for Ghana programme scheduled for January 2023 – Redd Intelligence

The approval of a programme for Ghana by the Board of the International Monetary Fund is expected to come off at the earliest in...

Alan calls for intensive investment in agric sector

The Trade and Industry Minister, Alan Kyerematen, has advocated for intensive investment in the agricultural sector as part of major plans to economically empower...

Govt suspends external debt payments

Government through the Finance Ministery has announced the suspension of the debt service payments on certain categories of external debts. The suspension, according to the...

2023 must be our comeback year – Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta is promising a strong revival of the economy in 2023. He is therefore urging Parliament to support government in getting...

GRA retrieves over US$93m revenue via informants’ scheme

The Ghana Revenue Authority(GRA) has recovered in excess of US$ 93 million and an additional GH¢421million from multinational and local companies operating in the...

BOST discounts claims of diesel leakages

The Bulk Oil Storage and Transportation Company Limited (BOST), has discounted claims in the media that a liquid substance thought to have leaked from...

Transport fares reduced by 15.3 percent effective Monday

Road Transport Operators have reduced transport fares by 15.3% effective Monday, December 19. The move follows the recent downward trend of petroleum prices, a statement...

Fuel prices drop by more than ₵2 at pumps

Some Oil Marketing Companies (OMCs) in the country have started reducing prices of fuel at the pumps from today, December 16, 2022.  Leading marketing oil...

BoG give reasons for cedi’s stability against US dollar

The Bank of Ghana (BoG) has attributed the cedis’ recent gains to new set of monetary measures instituted by the central bank. According to the...

Cedi strengthens further as it goes for ¢8 to $1

The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies.  The cedi in the last...

Abossey Okai spare parts dealers reduce prices of their wares

As the cedi keeps racing fast behind the dollar, spare parts dealers have reduced prices of their wares by about 10% to 20%. The Chairman...

Abossey Okai spare parts dealers send strong message to GPRTU over transport fares

The Abossey Okai Spare Parts Dealers Association has rejected the Ghana Private Road Transport Union’s (GPRTU) claim of increases in the prices of spare...

Over 50 shops at Abossey Okai closed down

Over 50 shops at the Abossey Okai Spare parts market have shut down their operations due to default in paying their loans. Some of the...

Number of advertised jobs shoot up by 11.7% – BoG

The number of jobs advertised in selected print and online media, which partially gauges labour demand in the economy, increased in October 2022 relative...

Cedi appreciation only short term, dollar may will rise again – Economist

Economics lecturer at the University of Ghana, Dr Priscilla Twumasi Baffour, has stated the reasons behind the stabilisation of the Ghana cedi against the...

Fuel prices to fall significantly from this date…

Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute for Energy Security (IES) has projected. According to...

80% poultry ventures fold up — Association

The increasing importation of cheap frozen chicken for the local market, coupled with the lack of adequate support to the industry in the country,...

EOCO retrieves 37 imported stolen luxury vehicles

The Economic and Organized Crime Office (EOCO) in collaboration with the Federal Bureau of Investigation (FBI) and the Royal Canadian Mounted Police have retrieved...

Govt petitioned over ‘outrageous’ increment in price of flour

The Ashanti Flour Users Association is petitioning the Ministry of Trade and Industry over hikes in prices of flour. A bag of flour which cost...

Rallying cedi gains significantly on IMF staff-level agreement announcement day

The Ghana cedi continued its rally against the US dollar and the other major foreign currencies yesterday, December 13, 2022, following the announcement of...

Cedi now ¢11.50 to $1

The Ghana cedi has ramped up in value against the dollar after appreciating by more than 20% in less than two weeks. Ghana’s currency enjoyed...

Cedi continues to gain, less than ¢12 needed for a dollar

The growth of the Ghana cedi continues unabated following the announcement by the International Monetary Fund that a Staff-Level Agreement has been reached with...

IMF reaches $3bn Staff-Level agreement with Ghana

The International Monetary Fund (IMF) has reached a staff-level agreement with Ghana on economic policies and reforms to be supported by a new three-year...