BUSINESS NEWS

The Omanhene of Akyem-Dome in the Fanteakwa South District of the Eastern Region, Osaberimah Amoako Affum II has urged the government to make agriculture attractive So to entice the youth into agriculture which will help mitigate the increasingly unemployment rate in the country.   He argued that, since agriculture is …

With barely five weeks to end the year, the Ghana cedi has come under intense pressure and is being classified among African currencies with the ‘Worst Spot Returns’. It’s now ranked 14th among 20 top African currencies tracked by Bloomberg.  It was actually the best performing currency in Africa in …

Executive Director for African Center for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to ₵7 billion by the close of the year 2021and ¢12.5  billion by 2023 if urgent measures are not put in place to check debt accumulation in the sector. Speaking on …

Executive Director of the Institute for Energy Policies and Research (INSTEPR), Kwadwo Poku says Ministries and other state-owned agencies who do not pay their own electricity bills should be made to do so. This, according to him, will help reduce the country’s current energy sector debt. Speaking on Newsfile on …

  Parliament has rejected government’s 2022 Budget Statement and Economic Policy read in the House by the Finance Minister, Ken Ofori-Atta, last week. A walkout by the Majority from Parliament on Friday, November 26, 2021, did not prevent the House from continuing with the business of the day. Members on …

The Bono East Regional Director of Ministry of Food and Agriculture (MOFA), Madam Cecilia Kagya has said the country will not experience any shortage of food in 2023 as many Ghanaians are suggesting.   “We thank God very much that this year the country has experience a long range rainfall …

The founder of the defunct Capital Bank William Ato Essien has been reported sick and has been diagnosed of “Obstructive Sleep Disorder.” Mr Essien, and two others are standing trial for some 23 charges and have been asked to open their defence. In court on Thursday, November 25, 2021, Mr …

On the Interbank forex rates from the Bank of Ghana today, November 23, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.9083 and a selling price of 5.9143. The figures were the same as yesterday’s. At a forex bureau in Accra, dollar is being bought …

The Ghana Revenue Authority (GRA) has advised defaulting Oil Marketing Companies(OMC’s) to honour their tax obligations by 3 December or face prosecution. In a press statement cited by MyGhanaMedia.com says the GRA will not hesitate to publish the names of defaulting OMC’s, and their managers if they fail to meet the deadline …

Ghana’s public debt stock hit ¢341.8 billion as of the end of September, 2021, the November ,2021 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 77.8% of Gross Domestic Product (GDP) and confirms concerns by analysts and economists that the country’s debt has …