BUSINESS NEWS

President Nana Addo Dankwa Akufo-Addo will on Sunday, October 30, 2022, address the nation on the current economic situation in the country. It will come off at 8:00 pm.   “I will be addressing the nation on the economy on Sunday, 30th October, 2022 at 8pm. Watch it live on …

President Akufo-Addo has said the domination of the foreign exchange business in Ghana by the black market is unacceptable and stakeholders must find a way to stop the activities of those who operate in the space. According to the president, the initial stimulus for the creation of forex bureaux” in …

Barring any unforseen circumstances, an amount of US$1.13billion is expected by government following Ghana Cocoa Board (COCOBOD) pre-export receivables backed trade finance facility agreement with a consortium of international financial institutions to finance cocoa purchases for the 2022/2023 cocoa season. The money will hit the accounts of Bank of Ghana …

Information Minister, Kojo Oppong Nkrumah has announced that Government has outlined some immediate plans to help arrest the free fall of the Ghana cedi. According to him, Governor of Bank of Ghana (BoG), Dr. Ernest Addison has scheduled a crunch meeting tomorrow, Tuesday, October 25, 2022, with all CEOs of …

The Railway Workers Union wants government to as a matter of urgency save the Ghana Railway Company because the company is on its knees. A statement released by the union and signed by its General Secretary, Godwill Ntarmah, indicates that the company is currently unable to purchase fuel to run …

The International Monetary Fund (IMF) wants countries such as Zambia and Ghana with very high inflation or acute domestic demand pressures to tighten their monetary policy further. For countries with pegged exchange rates, the Fund, said, in its October 2022 Africa Regional Outlook Report that the amount of tightening needed …

The price of cement surge above ¢80 per a 50 kilogramme bag as inputs costs of the manufacturers rise. This is about 10% increase over the last price adjustment in almost two months ago. Checks by Joy Business at some retail dealers indicate that the price of cement vary from …

Finance Minister Ken Ofori-Atta has assured Ghanaians that the economy is in good shape despite the continuous depreciation of the Cedi. Speaking to a journalist of Accra-based Asaase Radio from Washington where he is leading a team engaging the International Monetary Fund, IMF; the Minister described the depreciation rate as …

Deputy Trade Minister, Micheal Okyere Berfi, says government is disappointed in the Ghana Union of Traders Association (GUTA) over the closure of shops. This comes after GUTA directed all of its members to close their stores for three days to protest current economic conditions.   Atinka News’ visit to Abbosey Okai and Okaishie Markets today Wednesday October 19, 2022, confirmed that the traders had started the three-day action. Some traders …

The Traders Advocacy Group Ghana is urging its members to keep their shops open despite calls by GUTA to the contrary.   The Ghana Union of Traders Association (GUTA) asked its members to close their shops on Wednesday in protest of the current economic situation in Ghana. The dollar rate, …