BUSINESS NEWS

Government has pegged the producer price for cocoa at GH¢800 per bag of 64kg.   The new price takes effect from Friday, October 14, 2022, for the 2022-2023 crop season.   This depicts a 21 percent increase from GH¢10,560 per tonne to GH¢12,800 per tonne.   The previous price of …

The Ghana Private Road Transport Union (GPRTU) has warned that transport fares are likely to be increased by 30% if there is no reduction in charges by the Driver and Vehicle Licensing Authority (DVLA).   Speaking to KMJ on Prime Morning Tuesday monitored by MyGhanaMedia.com, a member of the communication …

The European Union has dismissed reports that Ghana’s cocoa will be banned by members of the union. Speaking on behalf at the EU Ambassador to Ghana, Irchad Razaarly, at the 2022 Orange Cocoa Day, a Director at the EU Office in Ghana, Celine Madsen Prud’homme, said the EU rather wants …

The  Metropolitan Chief Executive for Tema in the Greater Accra Region, Mr. Yohane Amarh Ashitey has ordered the Assembly’s Metro Guards to stop individual arrests of commercial drivers within the metropolis . Mr. Ashitey, who gave the order at an Ordinary Assembly Meeting, said: “Owing to various misunderstandings between the …

The Ghana cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst performing currency in the world in the 147th position, according to Bloomberg. This decline in the local currency against the American currency is the worst in over three …

The intended exercise to block all unregistered SIM cards effective Saturday, October 1, 2022 has been put on hold. This is to allow the Ministry of Communication and Digitalisation to examine the roadmap for the intended exercise. A reliable source close to the SIM registration process has told Graphic Online …

The Minority in Parliament says its privy to some incontrovertible evidence that shows a whopping $100m of Ghana’s oil money has been diverted.   According to a statement issued by Ranking Member, Mines and Energy Committee, John Abdulai Jinapor, revenues accruing from about 944,164bbls of crude lifted in the Jubilee …

Some passport applicants in the country are seething with anger following the inability of passport offices across the country to release their passports despite the expiration of their collection dates.   According to Starr News sources, the passport office is currently only attending to priority cases as the company which …

The Bank of Ghana (Bog) has warned individuals who have acquired loans through mobile money platforms but have deliberately refused to register their SIM cards to enable them repay the loan. The central bank says data on all mobile money loan customers are avilable in the data base of credit …

Fitch Ratings has downgraded Ghana’s Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to ‘CC’, from ‘CCC’. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC’ or below. A full list of rating actions is at the end of this rating action commentary.       …