BUSINESS NEWS

Deputy Minister of Finance, John Ampontuah Kumah, says comments made by the Executive Director of the Economic and Organised Crimes Office (EOCO), Maame Tiwaa Addo-Danquah, concerning the viability of charges leveled against Menzgold and its CEO, Nana Appiah Mensah, do not reflect the position of state prosecutors on the case. …

The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 18th, 2022. At the same time, the cedi went for ¢10 to a euro.   The cedi’s situation has become a major worry to businesses and household consumers, as its continuous …

The Ghana Railway Workers Union has withdrawn its intention to stop the two passenger train services on the Accra to Tema and Kojokrom via Sekondi to Takoradi rail lines. The decision follows a successful meeting between officials of the Ministry of Railways Development, the Ghana Railway Company Limited and the …

The Institute of Energy Security (IES) has predicted that despite the 8.48% fall in the price of Gasoline, 5.86% fall in the price of LPG, and the 7.26% fall in Gas oil price in the international market, the prices of fuel on the local market may see marginally price increase …

A private legal practitioner Mr Gordon Edudzi Temaklo has said the Vice President Dr Mahamudu Bawumia has failed as head of the Economic Management Team (EMT). In the view of Mr Tameklo, the Vice President and the Minister of Finance Ken Ofori-Atta are the poster boys of the economic mess …

The Bank of Ghana has given strong indication that the recently approved $750 million Afriexim loan facility by Parliament once disbursed, among other measures, will boost the foreign exchange position of the country and help restore confidence in the cedi. The additional measures include the cocoa syndication loan which is …

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 …