BUSINESS NEWS

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 …

This year’s main crop cocoa season has been closed from today, Thursday, May 26, 2022. “It is hereby notified for the general public’s information that purchases for 2021/2022 Main Crop Season will close on Thursday, 26th May 2022,” a statement from the Ghana Cocoa Board (COCOBOD) noted. Ghana’s cocoa season …

The Bank of Ghana (BoG) has raised the policy rate by 200 basis points to 19 percent at the Monetary Policy Committee (MPC) meeting held on Monday May 23, 2022. According to BoG, the decision to increase policy rate is due to upside inflation outlook, the effects of the pandemic …

Ghana’s public debt stock remarkably shot up by ¢40.1 billion to ¢391.9 billion as of the end of March, 2022, the Summary of Economic and Financial Data by the Bank of Ghana has revealed. The increase in the debt is due largely to exchange rate fluctuation and to some extent …

The e-levy is now serving the purpose that the Agyapa deal would have done therefore, the government must abort the plan to collateralize the mineral resources, a Professor at the University of Ghana Business School, Lord Mensah, has said.   Prof Mensah explained that as of the time the Agyapa …

The Ghana Government has extended the ban on exportation of maize, rice and soya beans from April 13, 2022 to 30th September, 2022. In January, the President, Nana Addo Dankwa Akufo-Addo issued an Executive approval for a temporary restriction to be placed on maize and soya bean exports.   The …

The Deputy Executive Director of the National Service Secretariat, Gifty Oware Aboagye, has emphasized the reasons most National Service Personnel (NSP) don’t get paid.   The Secretariat has been claimed to have defaulted in paying allowances to personnel for March and April after managing to disburse payments for only January …

A local radio station in Elmina, Benya FM, in the Central Region, was attacked on Monday by unknown people. According to reports, the radio station was discussing matters of non-availability of premix fuel and how those who are not fishermen were given the product to the detriment of fishers who …