BUSINESS

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 …

Fitch has said it anticipates a decline in general government debt to 87% of Gross Domestic Product (GDP) at end-2023, from 89% in 2022. This is driven by the 50% haircut on Bank of Ghana’s holdings of non-marketable debt, which represents a debt reduction of 4.2% of estimated 2023 GDP, …

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the BoG took the decision to build a new headquarters in 2019 when the bank was making profit. The Minority in Parliament has been asking the central bank to provide answers to questions relating to the …

The Supreme Court on Wednesday, July 19  affirmed the decision of the High Court that it has jurisdiction over the lawsuit filed against the Bank of Ghana (BOG) in August 2019. The highest court’s ruling upholds the decision of the High Court and paves the way for judgment. The case …

Road Transport Union (GPRTU), had  a crunch meeting  today with the transport ministry to dialogue possible transport fares reduction. The transport operators promised after the meeting to announce new transport fares should the government agree to further reduce the prices on petroleum products at the pump. The move comes after …

The Ghana Union of Traders Association (GUTA), says, it will continue to appeal to its members to reduce the prices of their goods, following the improvement in the value of the cedi. According to the association, it is important for traders to transfer the recent gains in the local currency …

Inflation went up by 9.9% to 50.3% in the month of November 2022, according to latest figures from the Ghana Statistical Service. This is the highest figure recorded in 27 years. This was expected because of fuel price increases and the cedis’ depreciation during the month under review. However, the …

Fuel prices in some filling stations including Total Energies, have gone to almost GH¢16 per litre on Monday October 17. Total Energies is selling diesel at GH¢15.99 per litre and selling petrol at GH¢13.10 per litre. On friday 15-10-2022 energy think tank ,the Executive Secretary of COPEC ,Duncan Amoah predicted …

Last night’s crunch meeting with emissary from Asantehemaa convinced traders at Adum to ‘temporarily’ reopen their shops; ahead of another meeting with the head of the Ashanti regional security council. The Ashanti Business Owners Association in the Kumasi central business district (Adum) have been on a four day strike since, …