Friday, January 31, 2025

Business

Cement manufacturers urged to publicise recommended retail prices

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...

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...

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

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...

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...
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