Business & Economy
September 16, 2024
Josiah
Josiah
Prices of fuel to drop
Fuel prices are projected to decrease in the upcoming pricing window, starting Monday, September 16, 2024, according to the Chamber of Petroleum Consumers (COPEC). Amid fluctuations in global petroleum prices, consumers can expect an average price reduction of about 4% on diesel, petrol, and LPG, COPEC indicated. “Unless there are any significant unexpected changes […]
September 12, 2024
Josiah
Josiah
August 2024 inflation decreases to 20.4%
September 3, 2024
Josiah
Josiah
Virgin Atlantic’s return to Ghana soon
August 15, 2024
Josiah
Josiah
Consumer inflation drops to 20.8% in july
Consumer inflation in Ghana has been on a downward trend for the past four months, with the year-over-year rate dropping to 20.9% in July. This marks a 2.1 percentage point decrease from June’s 23.0%, reflecting a gradual easing of the economic pressures that were more intense in 2023. In July, food inflation stood at […]
2min
757
August 12, 2024
Josiah
Josiah
Telecel to review data service prices
Subscribers of mobile network operators, particularly those with Telecel Ghana, should prepare for a possible increase in the cost of voice and data services provided by the telecom company. In a notice to its customers, Telecel Ghana announced that these potential price changes would come into effect today, August 12, 2024. While the notice did […]
1min
794
July 11, 2024
Josiah
Josiah
Inflation declines in june to 22.8%
June inflation rate dropped significantly to 22.8%, according to the most recent data from the Ghana Statistical Service (GSS). Prof. Anim provided additional details regarding the GSS’s Consumer Price Index statistics during a press briefing on Wednesday in Accra. He noted that food inflation and non-food inflation were reported at 24.0% and 21.6%, respectively, indicating […]
1min
955
July 2, 2024
Josiah
Josiah
Ghana’s growth target moves from 2.8% to 3.1% for 2024 by IMF
The International Monetary Fund (IMF) has revised Ghana’s growth rate forecast from 2.8% to 3.1% by the end of 2024. This adjustment is attributed to the reforms Ghana is implementing under the IMF programme, which significantly supports its economic recovery. The IMF also believes that if Ghana adheres to the programme’s conditions, the recovery could […]
4min
835
June 28, 2024
Josiah
Josiah
Petroleum prices expected to rise in the upcoming pricing window -COPEC
According to the Chamber of Petroleum Consumers (COPEC), petroleum prices are expected to rise in the upcoming pricing window starting July 1, 2024. Executive Secretary Duncan Amoah attributed the anticipated price hike to the recent weakening of the cedi against the dollar, which has fallen by 1.89% to $1.2779. “There are indications that the retail […]
4min
521
June 18, 2024
Josiah
Josiah
Traders take advantage of dawn business to reduce cost
From reduced taxes to lower operational costs, dawn trading has become a crucial strategy for many, transforming Accra’s bustling markets into vital economic hubs long before sunrise. Conversations with traders and buyers involved in dawn transactions highlight the significant impact of early trading on local economies. Alexander Obeng, who moved from Prestea in the […]
2min
1002
June 14, 2024
Josiah
Josiah
Bank of Ghana (BOG) defends decision to revoke GN Bank license
The Bank of Ghana (BOG) has defended its 2019 decision to revoke GN Bank’s license, asserting that the move was justified due to significant regulatory breaches. The Central Bank maintains that GN Bank failed to adhere to essential financial regulations and banking standards, jeopardizing its operational stability. Consequently, the Bank of Ghana has indicated that […]
2min
981
June 13, 2024
Josiah
Josiah
2024 Africa Export-Import Bank (Afreximbank) Annual Meeting
Abena Osei-Asare, Minister of State, will lead Ghana’s delegation to the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings and the 3rd African-Caribbean Trade and Investment Forum (ACTIF2024) in Nassau, Bahamas, from June 12th to 15th, 2024. The Annual General Meeting (AGM), themed “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa,” will […]
4min
488
June 12, 2024
Josiah
Josiah
Inflation drops in MAY 2024 from 25.0% to 23.1%
Inflation for May 2024 has dropped significantly to 23.1%, down from 25.0% in April 2024, marking a 1.9 percentage point decrease. According to the Ghana Statistical Service, food inflation contributed to the overall decline, recording a rate of 22.6% compared to 26.8% the previous month. However, non-food inflation saw a slight increase, rising to 23.6% […]
1min
1210
