Thursday, November 21, 2024

Business

Tap Ghana’s strategic potential for economic growth – Kufuor urges U.S. investors.

Former President John Agyekum Kufuor has called on American businesses and investors to explore opportunities in Ghana, emphasizing the country’s potential for fostering mutually beneficial economic partnerships. Highlighting Ghana’s strategic location and abundant natural resources, Kufuor stated that the nation...

UBA Ghana launches 10th anniversary of National Essay Competition.

UBA Ghana proudly announces the 10th Anniversary of its National Essay Competition, a flagship initiative that has empowered Ghanaian students with critical thinking and writing skills while promoting educational excellence. Launched for the first time in Kumasi at Prempeh College,...

BoG suspends CBG’s Forex trading licence.

The Bank of Ghana has suspended Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading Licence, effective November 26, 2024, for one month. The BoG cited section 11(2) of the Foreign Exchange Act, 2006 (Act 723) as the basis for this decision. In...

MIIF sets December 1 deadline for mining companies to clear outstanding royalties.

The Minerals Income Investment Fund (MIIF) has issued a firm deadline for all active and licensed mining companies in Ghana, demanding that they clear any outstanding mineral royalties by December 1, 2024. This move is part of MIIF’s initiative to...

Government has never been broke until DDEP – Alhassan Andani.

The government’s inability to honour its debt commitments, Andani suggested, has cast a shadow over Ghana’s investment landscape, particularly impacting private bondholders. “For a government to say we cannot pay…bonds that we have issued, especially to private sector people, that...

Ghana records over 55% increase in petroleum revenue for 1st half of 2024.

Ghana's crude oil production has seen a significant return to positive outcome in the first half of the year, as production surpasses that of the same period last year. There has been a 55.6 percent increase in revenue received for...

We’ve enough buffers; cedi will soon appreciate – BoG Governor.

The Bank of Ghana (BoG) is bolstering its reserves to curb the cedi’s depreciation against major foreign currencies as demand for forex is anticipated to rise with the upcoming festive season. The Central Bank’s move aims to reassure businesses and...

Food Grants Government begins distribution of food grants to farmers from October 10

Accra, Oct.02, GNA-The Government has secured GHc3.6 billion out of eight billion Ghana cedis required to mitigate the effects of the dry spell in eight regions within the north and middle belts of Ghana It would therefore commence begin the...

African Development Bank’s High Impact Projects Transform Côte d’Ivoire’s Energy and Agriculture Sectors

The project, 80 percent financed by the African Development Bank with a $121 million investment, is 85.7 percent complete since its launch in 2018 During a recent three-day field visit to central Côte d'Ivoire, Joseph Ribeiro, the African Development Bank’s...

Businesses are suffering; reduce policy rate to support them (GNCCI to BoG).

The Ghana National Chamber of Commerce and Industry (GNCCI) is calling for a reduction in the policy rate to support business growth. The Monetary Policy Committee (MPC) of Bank of Ghana is presently meeting to review developments in the Ghanaian...
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