Monday, May 20, 2024

Business

Bank of Ghana maintains policy rate at 30%.

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...

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

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...

Reform the global financial architecture – Akufo-Addo urges.

President Nana Addo Dankwa Akufo-Addo, has said there is a need to, as a matter of urgency, reform the global financial architecture because the current system is not fit-for-purpose when it comes to addressing inequalities.  He also said there is the...

IMF cash: You’ll crash if you use same tactic on domestic bondholders for external creditors – Gatsi tells govt.

The Government of Ghana cannot use the same tactic it used for domestic bondholders to get them to agree to its terms in the debt restructuring, for the external creditors as it is seeking a release of the second...

Agriculture is a major driving force behind growth of Ghana’s economy – Akufo-Addo.

President Nana Addo Dankwa Akufo-Addo on Thursday, 26th October 2023, held a meeting with International Partners to discuss the food and agriculture sector of Ghana’s economy He applauded the longstanding commitment of the respective governments of the partners to Ghana’s...

MTN Foundation enhances focus on digital inclusion projects.

Madam Adwoa Wiafe, Chief Corporate Services and Sustainability Officer of MTN Ghana, has said over a three-year period (2020 – 2022), the MTN Foundation has committed approximately GHc15 million to digital initiatives across the country.       The initiatives included Dansoman...

Napo Charges Workers To Be ‘Holy’, Patriotic.

MINISTER FOR Energy, Matthew Opoku Prempeh aka Napo, has charged staff of government agencies within the energy sector to exhibit honest and credible characters in the discharge of their duties. According to him, even though many people might not trust...

GRA shuts down Sol Cement factory over GHS 700 million tax default.

The Ghana Revenue Authority (GRA) taskforce has shut down the Sol Cement factory over a GHS 700 million tax default. The taxes were accumulated between 2019 and 2022 was discovered after the GRA conducted a tax compliance audit on the...

Adopt organic cocoa production to sustain the  industry-COCOBOD CEO. 

Mr Joseph Boahen Aidoo, the Chief Executive Officer of the Ghana Cocoa Board, has urged cocoa farmers to embrace organic production practices for the long-term sustainability of the cocoa industry.  According to him, the future of the cocoa industry relied...

Tertiary Business Sense Challenge: University of Education Winneba are 2023 champions.

The University of Education Winneba (UEW) put up a spirited performance at the weekend to annex the coveted title as champions of the Tertiary Business Sense Challenge (TBSC) Version 5.0. The first-time finalists bagged 67.9 points to beat two-time winners,...
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World Leaders advocate for technology adoption to tackle healthcare challenges in Africa

World Leaders at the prestigious World Economic Forum in Davos, Switzerland, an event co-hosted by GAVI and the Ministry...
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