BUSINESS NEWS

The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world. “The worst is yet to come,” the global financial institution’s World Economic Outlook report said. “For many people 2023 will feel like a recession,” it …

The much Anticipated SHE POWER Summit was held at Knustford University on 7th August,2022. The summit held to give women more insight on their living through empowerment, was organized by SMIVIC Communication limited to motivate and empower women to promote National development. Due to the company’s exposure to the plight …

The Food and Drugs Authority (FDA) is cautioning the public against the consumption of two contaminated sausage brands on the market. The Authority said the brands – AIA Wudy and Pavo brands under the Agricola Tre Vali sausage products have been recalled by Italian authorities. In a statement issued by …

The enforcement team of the Ghana Revenue Authority (GRA) has locked the Chinese retail shop, China Mall, and its warehouses on the Spintex Road and Ashaiman in the Greater Accra region. The action, follows the inability of the company to fix their tax electronic collection system to enable the GRA …

The Minority in Parliament has said that considering extreme inflation and hardship in the country, the least that the Akufo-Addo government can do is to pay cocoa farmers remunerative cocoa prices.   The opposition lawmakers described the government as insensitive because in their view, cocoa farmers are reeling under sever …

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 …