BUSINESS NEWS

The Governor of the Bank of Ghana, Dr. Ernest Addison, has urged the government to take action against shareholders of banks and financial institutions implicated in the financial sector clean up. According to Dr Addison, there is a need for accountability, hence, these individuals should be held responsible for their …

The Chamber for Petroleum Consumers (COPEC) has predicted a rise in fuel prices for the first pricing window of July 2024. This increase is expected to affect the retail prices of petrol, diesel, and liquefied petroleum gas (LPG) at pumps across the country. COPEC attributes the anticipated price hike to …

The Ga Mantse, King Tackie Teiko Tsuru II, has launched the Homowo Clean-up exercise and says all shops must remain closed on the day of the exercise. “We expect all shops and businesses in the designated area to close on the day of the exercise. We also urge leaders of …

The police in Sefwi Adjofua in the Bia West District of the Western North Region have intercepted an articulator truck with the registration number AS 3984-12 fully loaded with cocoa at Sehwi Adjofua which was allegedly being smuggled to Ivory Coast. The police in Sehwi Adjofua have intercepted 800 bags …

The police have barred the members of the ‘Hands Off Our Hotels Demonstration’ from marching to the Jubilee House. The protesters converged at the Labadi Beach Hotel and were supposed to conclude at the Christ the King School, where leadership would go and submit a petition at the Jubilee House …

The Ghana Cocoa Board (COCOBOD) has announced the commencement of the Light Crop Cocoa Season on Friday, June 21, 2024. COCOBOD in a statement dated June 17, said a tonne of 16 bags will be sold at GH₵33,120.00. It added that the producer price to be paid at all buying …

Addressing the problem of theft from unaccompanied baggage at Kotoka International Airport (KIA) is the commitment of the Ghana Airports Company Limited (GACL). This follows earlier reports that highlighted grievances from tourists who expressed annoyance about misplaced belongings. In a press statement released on Sunday, June 16, the GACL management …

The Bank of Ghana (BOG) has defended its decision to revoke GN Bank’s licence in 2019, stating that significant regulatory breachesmade the action necessary. The Central Bank maintains that GN Bank failed to comply with critical financial regulations and banking standards which threatened its operational stability. Simply, the Bank of …

The Ghana Grid Company Limited, (GRIDCo) and the Electricity Company of Ghana, (ECG) have announced a possible load management for three weeks. In a joint statement issued on Thursday, June 13, ECG and GRIDCo clarified that the load management is necessary “due to maintenance works being undertaken by a gas …

The Deputy Finance Minister Dr Alex Ampaabeng, has proposed that online trading companies should be taxed to bolster the economy. He noted that these companies, both local and international, generate significant revenue from their Ghanaian clients, which underscores the necessity for taxation. In an interview with Bernard Avle on Channel …