BUSINESS NEWS

The salaries of public sector workers for the first three months of 2025 are at risk, as the government faces a potential shutdown following the Finance Minister’s failure to present the mini-budget. Finance Minister Dr. Mohammed Amin Adam was expected to present the document on Monday, but he did not …

The Food and Drugs Authority (FDA) has issued a public alert regarding recent fake recruitment scams targeting job seekers. These scams typically involve fraudulent messages or emails that request personal information or payment in exchange for a job opportunity at the FDA. The FDA has cautioned the public to remain …

The Ghana Revenue Authority (GRA) has firmly denied recent reports suggesting its involvement in the auctioning of vehicles. In a statement released on December 11, the GRA described these claims as “false” and emphasized its adherence to established protocols for auctioning vehicles and goods through its Customs Division. Tourism packages …

In a statement issued by the Minister of the Interior, Mr. Henry Quartey, the General Public was reminded that Friday, December 6th, 2024, which marks FARMERS DAY, is a Statutory Public Holiday and should be observed as such throughout the country. In Ghana, the first Friday of December is usually …

The Electricity Company of Ghana Limited (ECG) has announced an urgent upgrade to its Nuri prepayment meters. According to the distribution company, it is part of the Standard Transfer Specifications (STS) protocol to upgrade all STS metering systems. This mandatory upgrade aims to enhance the system’s efficiency and ensure uninterrupted …

Consolidated Bank Ghana (CBG) has assured the public that the suspension of its Foreign Exchange License (FEL) does not impact its full banking operations. The bank stated that its normal banking operations continue as it observes the suspension by the Bank of Ghana. “We believe the concerns raised in the …

Private legal practitioner, Jonathan Amable has filed an injunction application at the Supreme Court seeking an immediate halt to government’s borrowing on the treasury bills market. The plaintiff in the writ as sighted by Citi Business News is demanding that the government and all its agents be stopped from issuing …

The National Association of Institutional Suppliers (NAIS) has announced plans to picket at the Ministry of Education on November 20 and 21 to demand a definitive plan for settling unpaid contracts. In a letter presented to the Ghana Police Service’s Regional Commander in Accra on November 12, 2024, NAIS expressed …

The Bank of Ghana has suspended Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading Licence, effective November 26, 2024, for one month. The BoG cited section 11(2) of the Foreign Exchange Act, 2006 (Act 723) as the basis for this decision. In a statement on November 12, the Central Bank clarified …

President Nana Addo Dankwa Akufo-Addo has announced an increase in the producer price of cocoa from GH₵3,000 to GH₵3,100 per 64kg bag, a 0.03% rise from the rate set in September for the 2024/2025 crop season. The president explained that the increase is intended to align cocoa prices with current …