BUSINESS

The Chamber of Petroleum Consumers Ghana (COPEC) is predicting a 3 to 5 percent drop in fuel prices at local pumps, which started on Saturday, November 16. This welcome relief comes despite the current petrol shortage affecting some outlets nationwide. According to Executive Secretary at COPEC, Duncan Amoah, the supply …

A severe shortage of Liquefied Petroleum Gas (LPG) has hit parts of Accra, leaving residents and businesses in a state of uncertainty. Marketers have cautioned that if the situation persists, it could lead to the closure of gas stations across the country, disrupting daily life and causing significant inconvenience. Many …

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has announced that the central bank has been furnished with the full list of persons seeking to acquire shares in Société Générale. Dr Addison said that the bidding process is ongoing. The central bank is expecting to be informed …

The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin, a new investment initiative aimed at reducing dollar hoarding. As part of the domestic gold programme, this initiative seeks to absorb excess liquidity in the market and strengthen the local currency against major trading currencies. The coin will be …

Trafigura’s Ghana Power Generation Company (GPGC) has petitioned Finance Minister Dr. Mohammed Amin Adam on outstanding arrears owed to it by the Government of Ghana. GPCG in letter addressed to the Finance Minister and copied to the Attorney General and Minister of Justice Godfred Yeboah Dame, warned that it may …

The government has announced a 45 per cent increase in the producer price of cocoa for the 2024/2025 crop season. By this, a 64-kilogramme bag of cocoa beans has increased to GH¢3,000 from GH¢2,070. Speaking at a press briefing, Minister for Food and Agriculture, Dr. Bryan Acheampong, said the cumulative …

Some oil marketing firms have started reducing prices of petroleum products at the pumps from today September 2, 2024. Market leader GOIL is selling a litre of petrol at GH₵14.16. This represents a 6 pesewas drop per liter and 0.42 percentage point reduction per litre of petrol. Diesel is also …

The Food and Beverages Association of Ghana (FABAG) has issued a clarion call to the government to immediately remove all duties on essential commodities imported into the country. This plea comes as Ghana grapples with a worsening food crisis, which has left over 2 million citizens food-insecure and 657,000 children …

The Bank  of Ghana (BoG) has said it has come to its notice that there are a number of Money Transfer Organizations (MTOs) operating within the remittance and the Ghana Forex Market without approval. The MTOs are, according to the BoG, LEMFI, WISE, TRANSFER GO, XOOM-A PAYPAL SERVICE, SENDVALU, BOSS REVOLUTION, BTC-AZA FINANCE …

Finance Minister Ken Ofori-Atta has outlined some moves geared towards cushioning the citizenry. This is a result of what the Minister describes as efforts to give significant relief to the private sector until expenditure pressures He made this announcement during the presentation of the 2024 Budget Statement in Parliament. The …