BUSINESS NEWS

Businesses that require foreign investments and financing may be at the receiving end of Ghana’s economic downgrade by Fitch, and Standard & Poor’s (S&P). This is according to Dr Humphrey Ayim-Darke, the President of the Association of Ghana Industries (AGI). Dr Humphrey Ayim-Darke, speaking on JoyNews’ Newsfile, said bulk importers …

Angry market women at Akyem Oda in the Birim Central Municipality in the Eastern Region are calling for a full-scale investigation into Ghc4.2million disbursement meant for victims of the September 13, 2021, Oda market fire.   The traders who embarked on a massive demonstration on Thursday, August 11, 2022, alleged …

Cement prices are expected to be increased from next week. Joy Business is learning that the wholesale price of a 50 kilogramme bag is expected to hit ¢68.00, from the current price of ¢59.00.       Why the increase? According to some of the leading manufactures in the country, …

Ghana’s Food and Drugs Authority (FDA) has debunked claims that sachet water on the market is contaminated with faecal matter. The Authority said the outcome of its regular surveillance of sachet water producers is not in conformity with observations by the Ghana Statistical Service. A study by the Ghana Statistical …

Hundreds of displaced market women in Akyem Oda in Birim Central Municipality in the Eastern region on Monday, August 8, 2022, commenced a week-long protest against their relocation from the central business city to Akyem Oda quarters top, a remote suburb.     As part of the action today, the …

The Bank of Ghana (BoG) has urged all Ghanaians to accept the Five Pesewas coin and trade with it.   Head of Currency Management Department at the BoG, Dominic Owusu, told TV3’s Manu Afful that the coin is still a legal tender hence as good citizens, Ghanaians must use it. …

The President of the Ghana Union of Traders Association (GUTA) has raised concerns about the depreciating value of the cedi and its effect on businesses in the country. Speaking in an interview on The Probe on Sunday, Mr. Joseph Obeng stated that members of GUTA are calling for a demonstration …

The Orange Growers Association (OGA) launched its eastern regional chapter at Akim Aperade in the Achiase district to enhance quality farming and provide a profitable and readily available market for orange farmers in the country.   OGA was instituted a few years ago with the sole objective to assist farmers …

The Africa Centre for Energy Policy (ACEP) is asking the government to use a competitive bidding process in awarding the contract to relocate the AMERI power plant from Takoradi to Kumasi. According to ACEP, negotiations have advanced between the Ministry of Energy and Mytilineous SA to have the $35.6 million …

The Minority in Parliament has called on government to address the issue surrounding the shortage of Liquefied Petroleum Gas (LPG) across the country. The Minority Caucus in a release signed by the Ranking Member- Mines and Energy Committee, John Abdulai Jinapor stated that, “government must as a matter of urgency …