BUSINESS NEWS

Archbishop Porter Girls SHS Triumphs At JA Ghana’s 2024 NBPC As Innovative Solutions Lead The Way

The 2024 National Business Pitch Competition (NBPC) concluded with resounding success, showcasing the ingenuity and entrepreneurial spirit of Ghana’s youth. With the theme “Greenovation,” this year’s competition centered around sustainable solutions and green technologies, highlighting the vital role of entrepreneurship in advancing Ghana’s green economy and contributing to global sustainability …

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Former AOMC Head Kwaku Agyeman-Duah Is Dead

Kwaku Agyeman-Duah, who was the former Chief Executive Officer of the Association of Oil Marketing Companies (AOMC) and a board member of the Ghana Investment Promotion Centre (GIPC), has passed away. Reports indicate that he died over the weekend following a brief illness. In April this year, Dr Riverson Oppong …

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You Are Baiting Us For Votes – Transport Operators Cast Doubt On Bawumia’s Promise on Driver’s License Renewal

The Transport Operators of Ghana have taken a swipe at the New Patriotic Party’s (NPP) flagbearer, Dr. Mahamudu Bawumia over his pledge to extend the renewal of driver’s licences from two years to 10 years. The group in a statement on Tuesday, August 13, described Bawumia’s pledge as “another bait …

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Dr. Bawumia Commissions Ghana’s First Gold Refinery

Vice President Dr Mahamudu Bawumia has commissioned the Royal Ghana Gold Refinery, a state-of-the-art facility with the capacity to refine 400kg of gold daily. The Accra-based refinery produces 24-carat gold with a 99.99% purity rate, marking a significant milestone in Ghana’s journey to add value to its mineral resources. The …

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BoG Sanctions 47 Individuals, 245 Business Entities For Issuing Dud Cheques

The Bank of Ghana has imposed sanctions on 47 individuals and 245 business entities for issuing dud cheques. A statement from the BoG on August 6, 2024, said the individuals and the entities breached a notice which was published in March 2021. “The affected bank customers issued dud cheques on …

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ECG Cautions Public Against Sale Of Fake Meters

The Electricity Company of Ghana (ECG), has cautioned customers and the general public against the illegal sale, distribution, and purchase of fake meters in the Ashanti Region by some individuals. The power distributor expressed concerns about the distribution of fake meters in their operational areas, warning to clamp down on …

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Import Duties Alone Can Make NPP Lose – Joseph Archibald

Mr. Joseph Archibald, a notable politician and entrepreneur, has recently called on the government to reduce port taxes, a move he believes is crucial for stimulating the growth of small businesses and strengthening the local economy. Archibald emphasized that lowering port taxes would enable more businesses to thrive by easing …

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Greenovation Takes Center Stage As Ghana’s Brightest Young Minds Pitch At The National Business Pitch Competition.

Fifteen Senior High Schools (SHS) drawn from across the country are set to compete for the biggest prize in the 2024 National Business Pitch Competition (NBPC) The NBPC is the culmination of JA Ghana’s Company Program, an entrepreneurship program that empowers high school students to launch and manage their own …

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Fuel Prices To Decrease By 4% In August – IES

The Institute for Energy Security (IES has predicted a downward trend in fuel prices for the first half of August 2024, driven by favourable international market conditions. According to the IES, this anticipated price drop is attributed to positive market dynamics globally. The institute predicts a 2-4% decrease in prices …

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BoG Directs All Forex Bureaux To Check Ghana Card Before Transactions Effective August 1

The Bank of Ghana (BoG) has announced that effective August 1, 2024, all licensed Foreign Exchange Bureaux will be required to demand the Ghana Card before transacting business with any person. This was after it launched a centralised foreign exchange trading platform in line with its objective to ensure the …

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