Business

The Association of Passengers in Ghana (APG) is demanding an immediate reduction in transport fares to reflect prices at the pumps. Madam Afia Kwarteng Asamani, the Convenor of the APG made this demand in a statement dated December 5, 2022, and released in Accra. “We are hereby calling on the …

Finance Minister, Ken Ofori-Atta has announced that there will be no “haircut” on the principal of bonds and that individuals with government bonds will have their full investments on maturity. In a public address on the recent debate about possible haircuts on all bonds and treasury bills following government’s debt …

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 27 percent   The prime rate, which is of keen interest to businesses, signals the rate at which the Central Bank will lend to commercial banks. It also …

The prices of gari and sachet water in the Bolgatanga market in the Upper East Region have reduced, following a decline in demand due to the increase in prices earlier in November. A bag of gari, which was sold between GH₵800.00 and GH₵850.00 depending on the size has reduced to …

The President of Nigeria  Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first …

The Bank of Ghana (BoG) has announced that it will no longer provide FX support for imports of more than eight items imported into the country. The items include rice, poultry, vegetable oil, toothpicks, pasta, fruit juice, bottled water, ceramic tiles and other non-critical goods. The move, according to the …

The National Tripartite Committee in line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651) has reviewed the National Daily Minimum Wage (NDMW) to GH₵14.88 pesewas. The new minimum wage will take effect from January 1, 2023. The Committee concluded on this new wage after a meeting …

The Ghana Standards Authority is informing the public and more specifically importers of used vehicles that beginning January 1, 2023, all used vehicles imported into Ghana shall be accompanied by a valid Certificate of Conformance (CoC) from an approved body.   The certificate must thus demonstrate conformance of the used …

Prices of petrol and diesel at the pumps are likely to decline by between 10 to 12 per cent from Wednesday, November 16, the Chamber of Petroleum Consumers (COPEC) has projected. In its projections for the November 2022 Second Pricing Window, the Chamber said petrol prices were likely to fall …

The Ghana National Cocoa Farmers Association (GNACOFA) has learnt that, the cocoa industry in Ghana is not in their interest and have a bleak future. According to them, the 2019 report on the global cocoa industry, the chocolate industry alone earn a whooping $130 Billion, out of this amount, the …