Business & Economy
September 3, 2024
Josiah
Josiah
Virgin Atlantic’s return to Ghana soon
The Ghana Airports Company Limited (GACL) has warmly welcomed Virgin Atlantic’s decision to resume operations in Ghana starting in May 2025. Virgin Atlantic will become the 25th airline to operate out of Kotoka International Airport, with a daily flight schedule on a Boeing 787 Dreamliner. The airline’s return highlights the confidence in Ghana’s aviation […]
August 15, 2024
Josiah
Josiah
Consumer inflation drops to 20.8% in july
August 12, 2024
Josiah
Josiah
Telecel to review data service prices
July 11, 2024
Josiah
Josiah
Inflation declines in june to 22.8%
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
754
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
471
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
947
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
914
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
448
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
1155
May 28, 2024
Josiah
Josiah
Monetary Policy Rate (MPR) at 29%
The Bank of Ghana (BoG) has announced that it will maintain its Monetary Policy Rate (MPR) at 29% for the second time this year. This decision was made by the Governor of the Bank of Ghana, Dr. Ernest Addison, during the 118th monetary policy announcement on Monday, May 27, 2024. Dr. Addison explained that […]
2min
559
May 27, 2024
Josiah
Josiah
Lower the exchange rate from GH¢15 to GH¢10 -The Ghana Federation of Traders
The Ghana Federation of Traders has issued an ultimatum to the government, demanding measures to lower the exchange rate from GH¢15 to GH¢10. The federation, comprising eight groups, argues that the cedi’s depreciation is eroding their capital and threatening their businesses. Eric Kwaku Boateng, Chairman of the Ghana Federation of Traders and President of […]
2min
650
May 25, 2024
Josiah
Josiah
GH¢2.3 billion for the restructuring and recapitalization of NIB
The government has announced the approval of GH¢2.3 billion for the restructuring and recapitalization of the National Investment Bank (NIB). The first tranche of GH¢400 million is expected to be transferred to the bank by the end of May 2024. Announcing the approval at the Ministry of Finance’s monthly briefing, Dr. Mohammed Amin Adam […]
2min
637
May 24, 2024
Josiah
Josiah
Tomato traders protest
May 18, 2024
Josiah
Josiah
Cement price hikes
May 14, 2024
Josiah
Josiah
CEMSE cautions SSNIT and BOST
February 7, 2023
