BUSINESS NEWS

The Asantehene, Otumfuo Osei Tutu II, has endorsed Rocksure International as the strategic partner of the Ghana Integrated Aluminium Development Corporation (GIADEC), selected to implement Project 2:- development of a mine at Nyinahin-Mpasaaso and a refinery solution. At a courtesy call on Otumfuo Osei Tutu II, at the Manhyia Palace …

  The Governor of the Bank of Ghana has announced that the GHC 1 and the GHC 2 commemorative notes would soon be phased out from the system.   According to the Central Bank, the poor handling of the notes, that is torn and soiled, make it expensive to print …

Latest figures released by the Bank of Ghana indicate that in two months, the country’s public debt stock has increased by GH¢3.5 billion. By this, Ghana’s total public debt stock increased from about GH¢332 billion in May 2021 to about GHC336 billion in July 2021. According to the latest Bank …

The Ghana cedi has depreciated by 1.7% to the US dollar in the first nine months which will end next Thursday September 30th, 2021, according to data from the Bank of Ghana (BoG). The Central Bank pegged the rate of the cedi to the dollar at ¢5.86, though it is …

Former President John Mahama says some Ashanti businessmen have confessed to him that they voted against him in the past despite the growth their businesses experienced under his tenure. Speaking to some NDC supporters in Kumasi as part of his Thank You tour of the country, Mr Mahama said some …

The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records its highest depreciation since beginning of the year, B&FT analysis has shown. Data from the Bank of Ghana (BoG) interbank FX rates show as of Tuesday, 7 September 2021, the …

President Akufo-Addo has expressed government’s commitment to improve the business environment to grow firms and improve the livelihood of Ghanaians. According to him, this is in line with the realisation of the “Ghana Beyond Aid” agenda. Speaking at the maiden edition of ‘Spark Up’, an investment summit organised by the …

  THE GHANA Statistical Service (GSS) yesterday announced that the year-on-year inflation rate for August 2021 was 9.7%. This means that in the month of August 2021, the general price level was 9.7% higher than in August 2020 while month-on-month inflation between July 2021 and August 2021 was 0.3%. The …

The Ministry of Trade and Industry has begun disbursing ¢282 million to businesses to revive the industrial sector from the shocks of Covid-19 pandemic. According to a Deputy Minister, Herbert Krapa, this is part of efforts to ensure the implementation of some targeted reforms to continue to increase Foreign Direct …

For months now, prices of building materials in Ghana have seen a consistent surge, with no sign of respite soon.   The price of cement, for instance, has increased by almost 43 percent between December last year and September 2021.   The situation, according to analysts, is having a dire …