BUSINESS NEWS

The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil …

The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the …

The coalition of aggrieved customers of Menzgold has called on the Economic and Organised Crime Office (EOCO) and the Criminal Investigation Department (CID) of the Ghana Police Service to arrest Stonebwoy for promoting another new way to make quick money. The Ghanaian dancehall act was seen prompting a non-fungible token …

Labour Consultant, Austin Gamey has urged the government to immediately resolve the prevailing labour issues between the Trades Union Congress (TUC) and the Civil and Local Government Staff Association of Ghana (CLOGSAG). He said the government would suffer dire consequences if it fails to unite the two parties since it …

A former student of the University of Ghana has opened up on how his addiction to gambling, particularly sports betting has cost him thousands of cedis. According to Supreme Petras Anaab Ali, he spent about ₵10,000 on betting in 2021 and reaped only ₵200. He stated that after punting for …

The Ghana National Association of Poultry Farmers has announced that prices of eggs on the market will go up after Muslims finish marking the Ramadan month.   Eggs will see a 30 per cent increase for the small sizes and a 28 per cent increase for the unsorted, the Association …

President Akufo-Addo, has commissioned the Atlantic LifeSciences Ltd, a company operating under Government’s 1-District-1-Factory initiative. Speaking at the commissioning ceremony on Friday, 22nd April 2022, President Akufo-Addo stated that the ceremony “is in further fulfilment of the promise by Government, in partnership with the private sector, to set up at …

The Trades Union Congress (TUC) has served notice to embark on an industrial action never-seen-before in the history of Ghana if President Nana Addo Dankwa Akufo-Addo does not announce salary increment. Secretary-General of the TUC, Dr Yaw Baah asked the government not to hide behind the impact of the coronavirus …

President of the National Poultry Farmers Association, Victor Oppong Adjei has bemoaned the hike in the price of soya beans on the market. He lamented that the high price of the commodity is having a negative effect on the poultry industry and may end up collapsing the poultry industry if …

The Russian Embassy in Ghana has taken exception to the attribution of the current economic crisis across the globe to the Vladimir Putin-led invasion of Ukraine in February. “However, the truth is different,” the Embassy said in a tweet on Monday.         “The Embassy wishes to shed …