Thursday, November 21, 2024
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Business

Business

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

Editor -
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...
Business

IMF expects revenue to underperform target and expenditure to overshoot target

Editor -
The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin. The Fund is forecasting a budget deficit of 5.0% for Ghana...
Business

Excessive heat causes outages (ECG).

Editor -
The Electricity Company of Ghana (ECG) has explained that the excessive heat waves being experienced in some parts of the country were impacting their efficient service of power supply. It said due to the high ambient temperature at this time...
Business

Ukraine Shot Down Aircraft Carrying Prisoners

Editor -
The Russian Defense Ministry confirmed Wednesday that Ukraine launched two missiles at the Il-76 military transport aircraft, killing all 74 people on board. “Today at 11:15 am, the Kiev regime committed a terrorist act, as a result of which a...
Business

Egyptian and Russian Leaders jointly approve of nuclear plant

Editor -
Egyptian President Abdel-Fattah al-Sisi and his Russian counterpart Vladimir Putin on Tuesday virtually participated in the foundation-laying ceremony of a new unit of the El-Dabaa Nuclear Power Plant. “Today, they are writing a new bright chapter in history by fulfilling...
Business

Cement manufacturers urged to publicise recommended retail prices

Editor -
The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have reached a consensus to release the recommended distribution and retail prices for different grades of cement within their designated distribution zones. There was a...
BUSINESS

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

Editor -
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...
Business

New price increases will help us sustain our business – MTN Ghana.

Editor -
Telecommunications giant MTN Ghana has justified increasing the prices of its offerings by 15% for prepaid and postpaid customers. The price increase, which took effect on Tuesday, November 28, 2023, affected voice, SMS, and data services, as well as Fiber...
Business

Bank of Ghana maintains policy rate at 30%.

Editor -
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 30 percent. Governor of the Bank of Ghana Dr Ernest Addison, while addressing the 115th MPC press conference in Accra on Monday, November 27 stated that although inflation is dropping, it is still...
Business

Cedi loses 25.8% of value to dollar – BoG report.

Editor -
The November 2023 Summary of Economic and Financial Data by the Bank of Ghana has put the depreciation of Ghana’s currency – the cedi – at 25.8% as of November 2023. Per the data, the cedi had remained relatively stable...
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“We’re pleading, find us a place to sell. We have a responsibilities ” – Flower Pot vendors to Gov’t.

Authorities have evicted all hawkers operating under the newly inaugurated Flower Pot Interchange following public backlash over viral images...
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“We’re pleading, find us a place to sell. We have a responsibilities ” – Flower Pot vendors to Gov’t.

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Authorities have evicted all hawkers operating under the newly inaugurated Flower Pot Interchange following public backlash over viral images of vendors selling fruits at...

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Titus Glover dismantles structures of vendors at Flower Pot Interchange.

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The Greater Accra Regional Minister, Daniel Nii Kwartei Titus Glover, has taken decisive action against vendors operating illegally around the recently inaugurated Flower Pot...

GRA intercepts 40-Foot container of ammunition at Tema Port.

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The Customs Division of the Ghana Revenue Authority has seized 53 pistols , 65 pieces of live ammunition, 74 magazines, and a PC hoster...

Akufo-Addo commissions new Bank of Ghana Headquarters.

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President Nana Addo Dankwa Akufo-Addo has commissioned the new state-of-the-art headquarters of the Bank of Ghana (BoG) in Accra, marking a significant milestone in...

AFCON 2025: A win-win for Sudan.

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Former Black Stars head coach and 1982 AFCON winner with Ghana, James Kwasi Appiah, has led Sudan to qualify to the 2025 AFCON as...

Akuffo-Addo officially appoints Herbert Krapa as permanent Energy Minister.

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President Nana Addo Dankwa Akufo-Addo has appointed Mr. Herbert Krapa as the substantive Minister for Energy, effective Tuesday, November 19, 2024. The President noted that...

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I Survived Two Terrifying Accidents This Year – Nana Ama McBrown.

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Popular Ghanaian actress and TV personality, Nana Ama McBrown, has shared her testimony of surviving two life-threatening accidents this year, which she described as...

Perez Musik is getting married.

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Ghanaian gospel artiste Frank Tagoe, professionally known as Perez Musik, has joyfully announced his engagement to his beloved partner. The musician shared the news on...

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Kwahumanhene destooled for misconduct – Kwahumanhemaa confirms.

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The Kwahu Traditional Council has destooled Daasebre Akuamoah Agyepong II from his position as Kwahumanhene, citing reasons of misconduct. The decision to destool Daasebre Akuamoah...

‘My mother is still trapped after Tanzania building collapse’

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For insulting Uganda’s president, TikToker jailed for 32 months.

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A 21-year-old has become the latest Ugandan TikToker to be sent to prison after creating a video that was said to insult President Yoweri...

This is Ghana’s worst spell in football, take heart and resign- Veronica Commey to GFA President.

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New Force is not a political party, it’s a movement to develop Ghana – Cheddar.

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The Founder and Leader of the New Force Movement, Nana Kwame Bediako, says his organisation is not a political party, but a movement he established...

NFA honours young writers under its Script Bank project.

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Naa Kwaamah Siaw-Marfo writes: Kurt Okraku’s Leadership Under Scrutiny Amid Ghana Football’s Struggles.

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Ghana missed out on Afcon for the first time in two decades.

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Ghana has failed to qualify for Afcon 2025 after a 1 – 1 draw against Angola with a game to spare in the qualifiers. Despite...

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

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Members of 8th Parliament lack “mental capacity” – Kofi Koranteng.

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UBA Ghana launches 10th anniversary of National Essay Competition.

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BoG suspends CBG’s Forex trading licence.

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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...

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