BUSINESS NEWS

Some Ghanaians who are still trying to get their National Identification Card (Ghana Card), say they will withdraw their mobile money savings if they’re unable to secure the cards before the deadline. Tomorrow (July 31, 2022) is the deadline for the registration of Subscriber Identity Module (SIM) cards in Ghana, …

The Vice Chair of the Communications Committee of Parliament, Sylvester Tetteh, does not think a deadline for the SIM card re-registration is prudent.   Speaking on Eyewitness News, Mr. Tetteh, however, said the most his committee could do was to make pleas to the Ministry of Communications for an extension …

The Gas Tanker Drivers Association (GTDA) has served notice to commence a sit-down strike on Monday, August 1, 2022, across the country. In a press release dated July 29, 2022 the Association disclosed that the move is in consultation with relevant stakeholders in the industry such as Ghana LPG Operators …

Foreign direct investment (FDI) flows to Ghana increased by 39% to US$2.6 billion for the year 2021, according to the World Investment Report 2022. This placed Ghana second in West Africa, and seventh in Africa, in terms of FDI attraction. The rise in Ghana’s FDI flows was attributed to major …

The Finance Minister Ken Ofori-Atta has admitted that the state of the Ghanaian economy is not in the best shape.   Presenting the mid year budget review in Parliament on Monday July 25, he recounted the challenges Ghanaians are going through due to the impact of the warfare between Russia …

The AfCFTA Policy Network (APN) is developing a programme to be included in the curriculum of tertiary schools starting from the University of Ghana (UG). The African Continental Free Trade Area (AfCFTA) has one of its core mandates being the elimination of trade barriers, while boosting intra-African trade. The APN …

The cedi lost 19.2% in value to the US dollar in almost seven months of 2022. According to the Summary of Economic and Financial Data by the Bank of Ghana, the local currency went for ¢7.43 to the American ‘greenback’ on the interbank market as of July 22nd, 2022. It …

The Institute of Economic Affairs (IEA) is asking the Monetary Policy Committee of the Bank of Ghana to increase the monetary policy rate by another 100 to 150 basis points to 20 or 20.5 percent.     pic.twitter.com/m9OvRBxzLG — My Ghana Media (@MyGhanamedia2) July 19, 2022   This is ahead …

A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022. The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking.   Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end …

The National Petroleum Authority (NPA) as part of its routine exercises has clamped down on some fuel stations in the Western Region that have tampered with their fuel pumps.   The exercise, which is being spearheaded by the Consumer Services Department at the Head Office and the Western regional office …