Business & Economy
October 17, 2024
Josiah
Josiah
Sunon Asogli Power Ltd announces shutdown
Sunon Asogli Power Ltd has announced the shutdown of its operations due to the Electricity Company of Ghana’s (ECG) failure to settle a $259 million debt. In a statement released on October 16, 2024, the company said it was forced to cease operations on October 8 at 5 PM due to the unpaid debt. “This […]
September 25, 2024
Josiah
Josiah
logistics and trade sectors ready to stage a protest
September 19, 2024
Josiah
Josiah
Economy fast recovering despite DDEP – Finance Minister
September 18, 2024
Josiah
Josiah
Michael Blackson on Ghana’s debt exchange programme on his investment
September 17, 2024
Josiah
Josiah
Ghana risks losing $50 million in revenue if the European Union (EU) enforces a ban on the export of vegetables
Ghana risks losing an estimated $50 million in revenue if the European Union (EU) enforces a ban on the export of vegetables and other produce due to the ongoing damage caused by illegal mining activities. The Vegetable Producers and Exporters Association of Ghana (VEPEAG) has raised concerns about the serious impact such a ban […]
2min
1404
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 […]
1min
1845
September 12, 2024
Josiah
Josiah
August 2024 inflation decreases to 20.4%
The inflation rate in Ghana for August 2024 decreased to 20.4%, down from 20.9% in July, continuing a six-month downward trend since March, when inflation peaked at 25.8%. Government Statistician, Professor Samuel Kobina Annim, attributed this decline to a reduction in food inflation, which dropped to 19.1% in August. In contrast, non-food inflation rose slightly […]
2min
2070
September 10, 2024
Josiah
Josiah
President Nana Addo Dankwa Akufo-Addo appeal for increased Chinese investment in Ghana.
At the China-Ghana Business Forum in Shenzhen, China, on September 7, 2024, President Nana Addo Dankwa Akufo-Addo made a strong appeal for increased Chinese investment in Ghana. Addressing a group of Chinese business leaders, the President highlighted the enduring relationship between the two countries and outlined the vast investment opportunities available in Ghana across sectors […]
4min
1356
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 […]
2min
2064
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
2252
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
2450
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
2589
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
2527
November 28, 2022
November 27, 2022