Thursday, November 21, 2024

BUSINESS

MoMo withdrawals to be limited to GH¢1k per transaction from Dec. 1 – Agents.

Starting on Friday, December 1, Mobile Money (MoMo) agents across Ghana will enforce a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. This decision is outlined in a joint statement issued by four MoMo Associations: the...

Let’s prioritise value addition to exports — Prof. Bokpin.

An economist and professor of finance, Professor Godfred Bokpin says the country can halt the depreciation of the local currency, create more jobs and wealth for people and the economy as a whole if it makes deliberate effort to...

Ghana becomes 100th depositor to safeguard key food crops in permafrost Seed Vault.

Today, Ghana becomes the 100th depositor to deposit seeds in the Svalbard Global Seed Vault, an important step towards ensuring the long-term protection of the country’s major food crops. Ghana joins 15 other institutions, including one other first-time depositor –...

IMF projects higher growth for Sub-Saharan Africa in 2023 better than advanced economies.

The International Monetary Fund (IMF) is projecting that Sub-Saharan Africa’s growth for 2023 will be better than advanced countries for end year 2023, despite a slow global economy growth.   “The slowdown is more pronounced in advanced economies than in...

Ghana’s Economy Experiencing Turnaround – IMF.

Ghana’s economy is experiencing a rapid turnaround, according to the International Monetary Fund (IMF). The Fund confirmed that macro-economic stability is being experienced, while international reserves are also increasing at a steady pace. The announcement was made by the Fund’s Chief...

How the Bank of Ghana lost $5bn in one year – BBC Report.

Ghana - once touted as a trailblazing African economic success story - is facing an unprecedented financial crisis. This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana...

TOR workers demand dissolution of Board of Directors.

Staff and members of the Tema Refinery Chapter of the General Transport, Petroleum, and Chemical Workers Union (GTPCWU) have appealed to President Nana Addo Dankwa Akufo-Addo to dissolve the Board of Directors of the Refinery.  At a press conference at...

Government must adopt ‘‘warlike’’ approach to solve economic challenges – Prof Bokpin.

Professor Godfred A. Bokpin, a Professor of Finance at the University of Ghana, says the Government ought to adopt a “warlike” approach to solve the country’s economic challenges.  He said economic issues such as corruption, low tax revenues, public expenditure...

Government to partner private investors in addressing water shortages in Tamale.

Dr Freda Prempeh, Minister for Sanitation and Water Resources, says government is considering engaging few private investors for support in addressing issues of safe water shortage in Tamale in the Northern Region.   She revealed that the people in the area...

BOST Explains iPhone Purchase.

The Bulk Oil Storage and Transportation Company Limited (BOST) has denied the figures quoted for its purchase of 18 iPhones for critical staff. According to the report which the company describes as mischievous, the purchase cost GH¢28,541,261.00.  “We would like...
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