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 …
Read More »Société Générale submits full list of bidders for its shares to Bank of Ghana
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 …
Read More »BoG launches Gold Coin to discourage hoarding of dollars
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 …
Read More »Trafigura threatens to seize Ghana’s properties in South Africa over $111m debt
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 …
Read More »Government increases producer price of cocoa to Ghs 3000.00 for 2024/25 crop season
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 …
Read More »Petroleum prices see marginal drop in prices
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 …
Read More »FABAG urges government to scrap duties on essential commodities amid soaring food prices
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 …
Read More »Bank of Ghana lists 8 unapproved Money Transfer Organisations; warns against dealing with them
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 …
Read More »Budget 2024: From sanitary pads to electric vehicles – Here are 8 tax reliefs prioritised for implementation
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 …
Read More »GH¢220m allocated to provide relief support to victims of Akosombo Dam spillage
The government, as part of the 2024 budget, has earmarked GH¢220 million to aid relief efforts for communities impacted by the Akosombo Dam spillage floods. Finance Minister Ken Ofori-Atta disclosed this information during the budget presentation on Wednesday, November 15. He further mentioned that additional resources would be allocated through …
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