Business & Economy
May 8, 2024
Josiah
Josiah
Inflation rate dropped slightly to 25.0% in April
According to government statistician Professor Samuel Kobina Annim, Ghana’s inflation rate slightly decreased to 25.0% in April, marking a decline of 0.8 percentage points from the 25.8% recorded in the previous month. This drop in inflation was primarily attributed to a slowdown in food inflation, which decreased from 29.6% in March to 26.8% in […]
May 8, 2024
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Josiah
BoG protecting depositors’ funds
April 22, 2024
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Josiah
CBOD assures consumers that fuel price wont surge
April 16, 2024
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Josiah
Ministry of Transport cant determine transport fairs
April 11, 2024
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Josiah
SSNIT boss fired
The dismissal was communicated through a correspondence dated Tuesday, April 9, 2024. Nana Bediatuo Asante, the Executive Secretary to the President, endorsed the document, instructing Dr. Tenkorang to hand over his duties to Kofi Bosompem Osafo-Maafo by Monday, April 15. While the reason for the contract termination was not disclosed, excerpts from the statement […]
2min
224
April 10, 2024
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Josiah
Over 700 AfCFTA self-defined products from Ghana
During the State visit of President Umaro Mokhtar Sissoco Embaló of Guinea-Bissau, President Nana Addo Dankwa Akufo-Addo highlighted the significant progress made by Ghanaian products under the Guided Trade Initiative of the African Continental Free Trade Area. President Akufo-Addo noted that since the launch of the Guided Trade Initiative in October 2022, over 700 […]
3min
218
April 9, 2024
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Josiah
BOG- Gold for Oil Policy to commercial banks
The Bank of Ghana (BoG) is contemplating delegating the implementation of the Gold for Oil Policy to commercial banks, as it evaluates its role in the initiative two years after its inception. The Central Bank aims to streamline its focus on core functions such as monetary policy and price stability maintenance. According to Dr. […]
2min
223
April 5, 2024
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Josiah
14 Cedis per litre, the highest in 14 months
The National Petroleum Authority (NPA) in Ghana has decided to suspend the Price Stabilization and Recovery Levy on petroleum products, which is expected to result in higher costs for petroleum consumers. In a directive issued on April 3, 2024, and circulated among stakeholders in the oil marketing and distribution sector, the NPA instructed the […]
2min
232
April 2, 2024
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Josiah
IMF staff arrive in Ghana
Ghana is poised for its second evaluation under the three-year, $3 billion IMF-backed Post-COVID-19 Programme for Economic Growth (PC-PEG). Beginning today, Tuesday, April 2, 2024, this review follows the successful completion of the initial assessment earlier in January. Over the weekend, a team from the IMF arrived in Ghana to commence evaluating the country’s performance […]
3min
231
March 31, 2024
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Josiah
World Bank releases US$300 million loan facility to Ghana
The World Bank has released a US$300 million loan facility to Ghana for budgetary support. This amount was credited to the Central Bank’s account on Wednesday, March 27, 2023. This disbursement marks the initiation of the first phase of a series of three operations, each amounting to $300 million, from the World Bank. These […]
2min
205
March 13, 2024
Josiah
Josiah
Oil palm business to sustain and enhance Ghana’s economy
Paul Kwabena-Amaning, President of the Artisanal Palm Oil Millers and Outgrowers Association of Ghana, has asserted that substantial government investment in the oil palm business has the potential to sustain and enhance Ghana’s economy. He expressed confidence that Ghana could lead the world in palm oil production with government support and stressed the importance […]
1min
384
March 11, 2024
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Josiah
18 million tonnes of cargo handled at Tema Port in 2023
Despite facing a challenging economic climate both locally and internationally in 2023, the Tema Port successfully managed 18 million tonnes of cargo, while the Takoradi Port handled eight million tonnes. This marked a significant improvement in performance during the second half of the year, following a relatively slow start in the first half. Mr. […]
4min
478
March 5, 2024
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Josiah
Foreign Exchange Trading Licenses of FBN Bank and GT Bank suspended
The Bank of Ghana has suspended the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN) effective March 18, 2024, for a period of one (1) month. This suspension is in accordance with section 11(2) of the Foreign Exchange Act 2006 (Act 723). The Central Bank cites […]
1min
594
January 19, 2024
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Josiah
Retail prices recommended for cement
January 16, 2024
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Josiah
Fuel price to drop -COPEC
November 30, 2022
November 30, 2022