BUSINESS NEWS

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 …

The Chief Executive of a Chicken Processing Company, Joseph Boakye Yiadom, has stated that the industry needs immediate attention or it will be reduced to around 3 per cent of its current size. In an interview on Adom FM’s Burning Issues, he said the sector’s challenges are enormous and cannot …

The President of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned one hundred (100) mercury-free gold processing equipment, commonly referred to as “Gold Katcha”, for use by small-scale miners across the country. Commissioning the equipment at the Independence Square on Monday, 6th June 2022, President Akufo-Addo described the acquisition of the …

The Managements of the Electricity Company of Ghana and the Ghana Water Company Limited have indicated that they are overburdened with operational costs, therefore, struggling to survive. They outlined that an increase in the dollar exchange rate, inflation, pollution among others contribute to the high operational cost hence their proposal …

The vice president of Ghana, Dr. Mahamudu Bawumia has stressed the need for central banks on the African continent to build significant gold reserves to strengthen their currencies. He believes this would also help safeguard economies from external shocks. Delivering a keynote address at the 16th West Africa Mining and …

The 2022 Global Report on Food Crises (GRFC) has indicated globally, levels of hunger remain alarmingly high. In 2021, they surpassed all previous records as reported by the GRFC said, with close to 193 million people acutely food insecure and in need of urgent assistance across 53 countries/territories, according to …