BUSINESS NEWS

The government has announced that it will pump an amount of $2 billion into the economy to curb the continuous depreciation of the cedi. This forms part of measures by President Akufo-Addo to mitigate the hardships being experienced by the populace. Amidst the growing depreciation of the cedi and the …

The Vice President, Dr. Mahamudu Bawumia, will on April 7, 2022, speak on the Ghanaian economy, his spokesperson, Gideon Boako has confirmed. Following debilitating effects on the Ghanaian economy, including price hikes on fuel and commodities and depreciation of the Cedi, there have been calls on the Vice President to …

The Association of Importers and Exporters of Ghana has urged President Akufo-Addo to sack the governor of the Central Bank for what they say is his poor handling of the Cedi.   According to the Association, the steady depreciation of the Cedi is a testament to the underperformance of the …

In addition to the upward policy rate adjustment, the Bank of Ghana (BoG) has said it will, effective April 1, 2022, enforce measures in relation to universal banks as part of efforts to deal with the challenges facing the economy. These measures include, the Cash Reserve Ratio is increased to …

The Monetary Policy Committee of the Bank of Ghana has increased the policy rate – the rate at which it lends to commercial banks – by 2.5% per cent to 17%. This is the first time since November 2018 that the rate has gone up so high. The decision is …

Energy Expert, Kwadwo Poku has urged the Ghana National Gas Company Limited to sell gas cheaper to Ghanaians in order to ameliorate their sufferings. In a statement, he explained that Ghana Gas gets the natural gas from Ghana’s Jubilee oil fields for free.   Since 95% of this free product …

The Peasant Farmers Association of Ghana is warning that Ghana’s food security situation is likely to worsen if urgent action is not taken. Ghana declined from 78th position in 2016 to 82nd position in 2021 on the Global Food Security Index published by the Economist Intelligence Unit (EIU). The caution …

Businessman and politician, Dr Papa Kwesi Nduom has said that his bank, GN Bank, that was collapsed during the banking sector cleanup exercise in 2019, should be brought back. In a Facebook post on Saturday March 19, he said “Indigenous, Home Grown Product.#Bring Back GN Bank…The People’s Bank!.”     …

The Minority in Parliament has asked President Akufo-Addo to immediately dissolve his Economic Management Team over the wobbling cedi. According to the Minority, the rising prices of fuel in the country is as a result of the depreciation of the local currency rather than rising prices of crude on the …

Cash is essential in our daily lives. We live in a world where money is really vital, and life becomes difficult without it. To live a standard modern-day living, if not a Luxury one, financial backing is required. So while looking for a cash loan site I guess you wanted …