BUSINESS NEWS

Fuel prices will go up sharply again between 10% and 15%, beginning today, June 16th, 2022. According to the Institute for Energy Security (IES), the price of petrol will increase by about 10% to sell above GH¢11per litre and diesel by about 15% to sell above GH¢14 per litre. The …

Government has announced that the Driver and Vehicle Licensing Authority (DVLA) will begin paperless registration and licensing of vehicles from July 2022. The DVLA and the Ghana Card will also be fully integrated soon, according to government.       Paperless registration and licensing of vehicles to begin by July …

The Vice President of the 4th Republic of Ghana,  Dr. Mahamudu Bawumia has, on Wednesday June 15, 2022, launched the GhanaPay Mobile Money Service in Accra. The GhanaPay is the first bank-wide mobile money service by universal banks, rural banks as well as savings and loans companies to individuals and …

According to the World Bank, Ghana’s economy faces the risk of collapsing by 2022 due to a looming debt crisis. We draw on history and current situations in some developing economies to shed light on this predicament, suggesting solutions that we believe can prevent us from being in recovery mode. …

A chartered economist, Rev Dr Worlanyo Mensah has said the COVID-19 pandemic and the Russia-Ukraine war brought more blessings to Ghana than challenges.   Talking to Kwaku Nhyira-Addo on The Asaase Breakfast Show on Wednesday (15 June), Mensah said Ghana’s economic woes are mainly due to mismanagement.   “Definitely this …

Ghana’s inflation jumped to 27.6% from the 23.6% recorded in April, 2022, according to recent figures from the Ghana Statistical Service (GSS). The GSS blamed this on the increase in transport fares and food prices. According to the Government Statistician, Professor Kobina Annim, the rate of inflations for transport (39.0%), …

Customers of banks who are yet to update their records with the Ghana Card have less than 20 days to do so or else they risk not being able to engage in any financial transaction through their accounts. Some banks including Stanbic, have started sending messages to their customers reminding …

One of the most threatening disasters confronting the world is flooding. Over the past decade, urban flooding has become a major problem in many parts of the world due to its social, economic and environmental impact. Flooding has been destroying the developmental infrastructure and increasing human casualties around the globe, …

In the third edition of the Konfidants Made-In-Ghana survey of Ghana’s leading retail supermarkets, Ghanaian products in supermarkets saw a marginal increase. Across all 11 supermarkets considered, Made-in-Ghana brands constituted 31% of the 20 selected product categories, while foreign brands comprised 69%. The Made-in-Ghana share was 18% in the 2019 …

Ghana’s inflation has soared again to hit 27.6 percent in the month of May 2022. This represents a four percentage points increase in the inflation rate compared to the 23.6 percent recorded in April 2022. Increase in transport fares and surging food prices pushed the rate of inflation in May …