BUSINESS NEWS

  It was an unexpected turn of events at the Nana Agyemang Prempeh Park in Tepa last Saturday when hundreds of enthusiastic cocoa farmers interrupted the President of Ghana, His Excelleny Nana Addo Dankwa Akufo Addo during his address at the official opening of the 2023/24 cocoa season.     …

President Nana Addo Dankwa Akufo-Addo has announced an over 70% upward adjustment of the farm gate price of cocoa beans from GH₵800 to GH₵1,308 per bag for the new cocoa season.   According to the president, the increment is the highest in West Africa in the last 15 years.   …

An International Monetary Fund (IMF) Staff Mission will commence Ghana’s first review of the ongoing $3 billion loan-support programme from September 25, 2023, the Finance Minister, Ken Ofori-Atta has announced. “The Fund will be here from September 25 through to the beginning of October 2023,” the Minister said, adding, “hopefully, …

The Driver and Vehicle Licensing Authority (DVLA) has announced the commencement of an exercise to phase out all old driver’s licence cards issued before September 2017 from the system. The DVLA says these old cards will be replaced with smart driver’s licence cards. This was contained in a statement issued …

An International Monetary Fund (IMF) staff team will be in Ghana from September 25 through the first week of October to assess the implementation of Ghana’s Economic Recovery Programme. This will be the second visit by the IMF after its board approved Ghana’s bailout on May 17 and review the …

Finance Minister Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024. The Bank of Ghana’s June 2023 summary of the Economic and Financial Stability Report shows that the …

Excitement radiated at the Fiesta Royale Hotel as Adonten Senior High School emerged as winners in the 2023 National Business Pitch Competition (NBPC) which was held in Accra. The high-spirited contestants from Adonten Senior High School located south of Aburi in the Eastern Region became champions of 2023 National Business …

The Minority in Parliament has suspended its planned protest against the Governor of the Bank of Ghana, Dr. Ernest Addison. This comes after the court, hearing a police application to injunct the protest over security concerns, adjourned ruling on a preliminary objection raised by lawyers of the MPs to Friday, …

The National Petroleum Authority (NPA) will roll out the national Cylinder Re-circulation Model at various outlets in the Greater Accra and Ashanti Regions from September 1, 2023. So far, two bottling plants are ready to start the piloting programme in the two regions, while the others will follow up in …

A day’s capacity-building workshop about the mandate and activities of the Ghana Geological Survey Authority (GGSA) has been held for some selected media practitioners in the Northern sector. On Thursday, 31 August 2023, the GGSA held a sensitization program for over forty journalists in the Northern Sector to educate them …