BUSINESS NEWS

The International Monetary Fund (IMF) has made it clear to the Government of Ghana that it cannot impose or intensify import restrictions for balance of payments purposes. This is an agreement contained in the IMF bailout package which has pledged to support Ghana’s balance of payment with some $3 billion …

The National Communications Authority (NCA) says the sale and operation of Starlink in Ghana is illegal. Starlink is a satellite-based internet service provider that provides connectivity to underserved areas, as well as competitively priced service in more urbanised areas. According to the Authority, Starlink has neither been licensed in Ghana …

Independent power producer, Sunon Asogli Power (Ghana) Limited, has said it has suspended for one more week the decision to shut down its plant. The company on Monday evening announced an indefinite shut down of its 560 Megawatts power plant due to the outstanding debt owed it by the Electricity …

Petrol and diesel vehicle owners may be required to pay a new annual tax of GH₵100 per vehicle. The government is introducing this new tax bill in Parliament with the aim of promoting the use of eco-friendly sources of energy to power vehicles. The initiative is part of the government’s …

Agbogbomefia of the Asogli state, Togbe Afede XIV, has slammed the Nana Addo Dankwa Akufo-Addo government over the current state of Ghana’s economy. In his new book, ‘Our Self-Inflicted Monumental Economic Crisis’, Togbe Afede said that the economic challenges the country is facing now are largely due to the poor …

The Offinso South Municipality has celebrated the 39th National Farmer’s Day with a colorful ceremony at the Municipality Capital, Offinso Agyeipra. The celebration was held to recognize and reward the hard work and contributions of farmers in the municipality to the growth and development of the agriculture sector in the …

International  passengers travelling through Ghana’s Kotoka International Airport (KIA) now have the option of accessing the self-service kiosks at Terminal 3 to facilitate swift check-in process, thanks to the Ghana Airports Company Limited (GACL). The move is part of GACL’s effort to ensure seamless facilitation through KIA. Currently, British Airways, …

In a bid to secure fair compensation for their services, Mobile Money (MoMo) agents across Ghana will implement a temporary measure limiting cash withdrawals to a maximum of GH¢1,000 per transaction, effective December 1, 2023. The decision was announced in a joint statement issued by four MoMo Associations: the Northern …

JA Ghana is eagerly gearing up to participate in the upcoming global event, COP28, which is poised to bring together industry leaders, innovators, and experts from around the world. JA Ghana is thrilled to represent the country at this prestigious international summit, which aims to provide an opportunity for the …

The Economic and Organized Crime Office (EOCO) says it has observed an upsurge in cheque fraud in parts of Ghana. According to EOCO, the fraudsters perpetrating this crime ride on the back of technology to deal with their victims via phone calls and online platforms and avoid any form of …