BUSINESS NEWS

The Economic Community of West African States (ECOWAS) Court of Justice has dismissed the suit against the Agyapa Royalties deal filed by the Ghana Integrity Initiative and Transparency International Ghana. This means that the court would not be ordering the government of Ghana to stop the sale of the country’s …

A former Deputy Governor of the Bank of Ghana (BoG), Millison Narh, has died. He died after a short illness in the U.S.A. Mr. Narh retired from the BoG as a Deputy Governor in 2017. He was Deputy Governor from July 2009. During his tenure, Mr. Narh once acted as …

The West African Gas Pipeline Company Limited (WAPCo), has debunked claims that it’s facing technical challenges which resulted in power outages in parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) in a statement on July 7, blamed the power outages to a shortage of …

The refurbished Kwame Nkrumah Memorial Park (KNMP) in Accra, Ghana, is to be temporarily closed from midnight on Friday, July 7, 2023, to Tuesday, July 11, 2023. The closure is to allow for preparations towards the commercial operations of the park. This development was announced in a statement signed by …

Ghana’s local currency -the cedi has been classified among Africans currencies with the ‘worst Spot Returns. This is according to a Bloomberg report. On the World Currency Ranker the cedis performance placed 17th, depreciating by 11.21 percent. According to Bloomberg although the cedi lost about 11.21% to the US dollar …

The recent increase in Value Added Tax (VAT) rates in Ghana has sparked concerns among business owners, with the Ashanti Business Owners Association expressing their dissatisfaction. According to the association’s Executive Secretary, Mr. Charles Kusi Appiah Kubi, these tax hikes are adversely affecting Ghanaian businesses and even ordinary households. While …

Minister for Fisheries and Aquaculture Development, Hon. Mavis Hawa Koomson as part of government’s proactive measures put in place to sustain Ghana’s fishing industry has on Saturday, July 1, 2023 placed a ban on all fishing activities within the country. She made this declaration at the 2023 closed season ceremony …

The Bank of Ghana has taken strict action against Fidelity Bank and First National Bank Ghana Limited, imposing a combined penalty of 1000 penalty points each. The penalties have been levied due to the banks’ breach of sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. …

The Upper East Regional public health emergency management committee has reviewed the ban placed on ruminants (cattle, sheep, goats, pigs and donkeys) from neighbouring countries. The committee on June 7, 2023, placed an indefinite ban on the movement, slaughtering and consumption of ruminants following the outbreak of anthrax. The Office …

MTN, a leading telecommunications company, has announced an upcoming change to its mobile money withdrawal transaction fees. Starting from July 1, 2023, customers will experience an increase in fees for cash-out transactions above a certain threshold. In a recent SMS circular sent to its customers, MTN MobileMoney Limited informed them …