BUSINESS NEWS

David Asamoah has been appointed as the acting Managing Director of the Electricity Company of Ghana (ECG), following the resignation of Samuel Dubik Mahama, on Wednesday, September 25. Asamoah previously served as the Deputy Managing Director in charge of Commercial Services. His new role is temporary, pending a decision by …

Ghana retained its 10th position with the lowest fuel price in Africa in September 2024, GlobalPetrolPrices.com has disclosed. This is coming despite the continuous marginal reduction of fuel prices at the pumps. Accordingly, Ghana’s average petrol price of $0.985 per litre ranks it 43rd globally from the previous 45th. Libya …

The Mortuary Workers Association of Ghana (MOWAG) has served notice to embark on an indefinite strike, starting on Thursday, September 26, 2024. MOWAG said the notice of the indefinite nationwide strike is in accordance with Section 159 of Act 651(2003) of the constitution. The move, the group said is to …

Consolidated Bank Ghana Ltd (CBG) has denied reports circulating on social media claiming that the bank has been sold. In a press statement, CBG emphasised that there has been no change in ownership and that the government of Ghana remains the sole shareholder. The bank described the rumours of a …

Ghana has been ranked 6th in Africa among 16 African countries with the highest Cost of Living and Rent Index. According to Numbeo, the country scored 21.0 points. It also placed 6th in the Groceries Index with a score of 33.9. Cameroon placed 1st on the continent with the highest …

Government has announced a 45 percent increase in the producer price of cocoa for the 2024/2025 crop season. By this, a 64 kilogramme bag of cocoa beans has increased to GH¢3,000 from GH¢2,070. Speaking at a press briefing, Minister for Food and Agriculture, Dr. Bryan Acheampong said the cumulative increases …

Organised Labour, led by the Trades Union Congress (TUC), has issued a stern warning to the government, threatening a nationwide strike by the end of September if decisive action is not taken to address the escalating galamsey (illegal mining) crisis. In a statement issued by Joshua Ansah, Secretary General of …

Recent comments from Dr Matthew Opoku Prempeh ( Napo), the New patriotic party running mate regarding galamsey (illegal mining) have sparked considerable debate.   To provide clarity, Mr. Joseph Archibald, a prominent member of the New Patriotic Party (NPP), has shared his insights into the intent behind Dr opoku prempeh …

The market women at Kejetia, central market, and railways in Kumasi of Ashanti Region have admitted to hiking food stuffs prices on the market According to them, the current high food prices cannot be attributed to the government, but the traders and middlemen are taking advantage of the situation. Josephine …

The new cocoa crop season price will be announced on 11th September, 2024, Chief Executive of Ghana Cocoa Board, Joseph Boahen Aidoo, has said. Addressing farmer associations from the 70 cocoa-growing districts across the country in Kumasi on Friday, 6th September 2024, Mr. Boahen Aidoo disclosed that the opening of …