Business

The West African Gas Pipeline Company Limited (WAPCo) has announced that it will begin the scheduled cleaning and inspection of the West African Gas Pipeline (WAGP) on Monday, November 25, 2024.This critical maintenance activity...

The Ghanaian cedi has recently strengthened against key trading currencies, particularly the US dollar.Bank of Ghana intervened last week by selling over $200 million to help stabilize the currency, which resulted in a reduction...

The government aims to raise GH¢6.896 billion in a treasury bill auction scheduled for November 22, 2024.During the previous auction on November 15, 2024, the government raised GH¢5.180 billion, falling short of its GH¢6.228...

The International Monetary Fund (IMF) board is scheduled to convene in early December to approve a $360 million disbursement for Ghana.This follows Ghana's successful completion of the third review under the IMF program.“Once the...

The United States Ambassador to Ghana, Virginia Evelyn Palmer, at the graduation ceremony of the Academy of Women Entrepreneurs (AWE) held in Accra, urged women entrepreneurs to leverage the opportunities presented by the...

The Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has assured Ghanaians that the factors behind unstable petroleum prices have been largely addressed.During a meeting with selected editors in Accra,...

The fifth National Seed Business and Networking Forum, SEEDLINK 2024, has emphasized the need for greater investment in the seed industry to improve the quality and availability of seeds essential for a strong and...

The Natural Resource Governance Institute (NRGI) is advocating for a revision of mining policies to meet the increasing demand for transition minerals.The institute emphasized that minerals crucial for renewable energy technologies should prioritize value...

The President of the Ghana Rice Inter-Professional Body (GRIB), Nana Adjei Ayeh II, has praised the government's Planting for Food and Jobs initiative, calling it a commendable program with great potential on paper.However, he...

Ghanaians may face increased power outages as three major power plants risk closure due to mounting unpaid debts.The Chief Executive Officer of the Independent Power Producers (IPP), Dr. Elikplim Apetorgbor, revealed that the government...

Consolidated Bank Ghana Ltd. (CBG) has reached a remarkable milestone in its unaudited financial results for the third quarter of 2024, achieving a record-breaking total revenue of GH¢1 billion — the highest in the...

Fresh data from the Ghana Statistical Service (GSS) indicates that the Producer Price Inflation (PPI) rate climbed to 33.0 percent in October, compared to 30.5 percent in September 2024.The data reflects a 2.5 percentage...

Ghana’s Producer Price Inflation (PPI) rate has surged to 33.0 percent in October 2024, up from 30.5 percent recorded in September.The 2.5 percentage point increase marks a notable shift in the country’s inflationary...

The power sector in Ghana is facing a serious threat, as the Electricity Company of Ghana (ECG) fails to settle a crippling $259 million debt, putting the nation’s energy supply at risk. The debt...

Rice farmers have expressed that they have not yet seen any benefits from the second phase of the Planting for Food and Jobs Programme.In an interview with JoyBusiness, Nana Adjei Ayeh II, President of...

The Ghana Water Company Limited (GWCL) is urging its customers to settle their water bills promptly to ensure the smooth operation of the Company.Mr. Theophilus Tawiah Collins, the Ashanti North Regional Chief Manager of...

The Governor of the Bank of Ghana, Dr. Ernest Addison, has highlighted the significance of the Central Bank’s new headquarters, called 'The Bank Square,' as a cornerstone for Ghana’s banking system.He explained that the...

The makeup and beauty industry is thriving globally, presenting a golden opportunity for young Ghanaians to venture into the field and tackle unemployment.In 2024, the global beauty, makeup, and wellness market is valued...

Ghana’s economy is showing remarkable resilience and growth, with recent data from the Bank of Ghana painting a promising picture.President Nana Addo Dankwa Akufo-Addo, speaking at an event, shared the impressive news of...

Ghana's currency, the cedi, has recently strengthened against major foreign currencies, particularly the dollar.To help stabilize the cedi, the Bank of Ghana sold over 200 million dollars last week, which helped bring down the...

An international arbitration tribunal in London has rejected the GH¢4 billion claim made by Ghana Community Network Services Limited (GCNet) against the Republic of Ghana.In a detailed 202-page ruling dated November 18, 2024,...

The Ghana Standards Authority (GSA) has initiated a rigorous campaign targeting mattress producers that utilize polystyrene, a material that poses significant environmental risks due to its role in microplastic pollution.When polystyrene degrades, it breaks...

The National Communications Authority (NCA), in partnership with the Ministry of Communications and Digitalisation and Mobile Network Operators (MNOs), is actively engaging stakeholders in The Gambia to progress the ECOWAS Free Roaming initiative.This initiative...

The Herald has acquired a contentious letter approving the handover of Bogoso Prestea Mines from the British-owned FGR Bogoso Prestea Mines to Heath Goldfields Limited, a Ghanaian entity with Turkish collaborators.Dated November 12, 2024,...

President Nana Addo Dankwa Akufo-Addo has inaugurated the Bridge Power Plant in Tema, a $1.2 billion project, marking a pivotal moment for Ghana’s energy sector and its broader economic growth.This state-of-the-art 590-megawatt combined-cycle plant,...

The World Bank has stated that it is aware of the allegations concerning the operations of the Development Bank Ghana, which is a recipient of support through the Ghana Development Finance Project funded by...

The government is taking action against private pension fund managers seeking to invest in offshore assets, citing concerns that such investments could put additional strain on the country’s cedi currency, according to three industry...

Asante Gold Corporation, a gold exploration, development and operating company, has issued 31,896,857 common shares to settle $35 million in outstanding debt owed to arm’s length creditors.The move comes as part of the...

Petrol prices have started going down at fuel stations, with some Oil Marketing Companies (OMCs) adjusting their rates from November 19, 2024.One of the biggest players in the industry, GOIL,reduced the price of...

Global economic growth in 2025 is expected to be marked by rebalanced labor markets and easing inflation, according to Goldman Sachs Research.Chief Economist at Goldman Sachs, Jan Hatzius, highlighted in the report Macro Outlook...

Goldman Sachs Research anticipates steady global economic growth in 2025, projecting a 2.7% expansion in worldwide GDP, slightly above the Bloomberg consensus and consistent with 2024 estimates.The forecast highlights stronger-than-expected performance in the United...

Ghana’s government raised GH¢5.180 billion in its latest T-Bill auction, falling short of its GH¢6.228 billion target by GH¢1.04 billion.The auction held on November 15, 2024, saw strong interest in the 91-day bills, which...

The Chamber of Agribusiness Ghana has raised concerns about the government’s proposal to build a 60,000-tonne grain silo, questioning both its cost and location.The Chamber argues that the $64 million price is too...

The Ghana Investment Promotion Centre (GIPC) has urged global investors to consider Ghana as their preferred investment destination, highlighting the country's vast potential.The centre emphasized that Ghana's political stability creates a conducive environment for...

National Deputy Secretary of the 'Bawumia Identifiable Groups' campaign team, Dr. Michael Kyeremanteng, has called on Ghanaians to embrace a more effective strategy for addressing the country’s economic challenges.He advocated for the introduction of...

Facility Manager of the Kayayei Empowerment Project, Emmanuel Asamoah, has disclosed that the initiative has successfully equipped over 5,000 head porters, popularly referred to as kayayei, with various skills to help them achieve sustainable...

The Managing Director of Intercity STC Coaches Limited, Nana Akomea, has dismissed reports alleging his involvement in the sale of a company property to the Stadium Hotel in Kumasi.In a Facebook post on Sunday,...

The recent installation of new electricity meters by the Electricity Company of Ghana (ECG) has left many Ghanaians frustrated over increased power bills.Individuals and businesses alike have expressed concerns about having to double...

Ghana’s currency, the cedi, has shown some improvement in value against key international currencies, particularly the US dollar, in recent weeks.The Bank of Ghana, in an effort to stabilize the cedi, injected over $200...

The Association of Rural Banks has urged the government to lower the corporate tax rate for Rural and Community Banks (RCBs) as a special measure to foster the growth of the rural economy and...

Fitch Ratings is projected to remove Ghana from sovereign default status by July 2025, as it expects the country to finalize its external debt restructuring by the end of June 2025.The agency is also...

The Ghana National Gas Company Limited (GNGCL) has successfully reduced its operational costs by over US$250 million by relying solely on the expertise of Ghanaian engineers and technicians for the maintenance and operation of...

Forty Oil Marketing Companies (OMCs) with their own tankers have cut ties with the Tanker Owners Union. They say the union’s leaders are not being open or accountable.The OMCs are also frustrated about problems...

The Chamber of Petroleum Consumers (COPEC) forecasts a reduction of approximately 5.06% in petrol prices and 3.88% in diesel prices.Additionally, the price of Liquefied Petroleum Gas (LPG) is expected to fall by around...

Director of the Climate Financing Division in Ghana's Ministry of Finance, Mrs. Phyllis Adwoa Fraikue, has underscored the country’s bold aspirations to secure climate finance despite ongoing global economic challenges.At a side event...

The Ghana Chamber of Telecommunications has revealed that telecommunications companies contributed GHS 9.83 billion in taxes and other payments to the national coffers in 2023, representing a significant increase from the GHS 6.5 billion...

The government is preparing to raise GH¢6.228 billion in its upcoming auction scheduled for November 15, 2024.Meanwhile, a private legal practitioner, Jonathan Amable, has approached the Supreme Court with a motion to block the...

The government of Ghana received over GH₵9.83 billion in taxes and other payments from the telecom sector in 2023, representing a significant 30% increase from the GH₵6 billion collected in 2022.This contribution accounted...

Consolidated Bank Ghana (CBG) has reaffirmed its dedication to collaborating with the Bank of Ghana to reinstate its temporarily suspended foreign exchange trading license.“We believe the concerns raised in the notice can be swiftly...

President Nana Addo Dankwa Akufo-Addo has revealed that Ghana has generated approximately $800 million from trading carbon credits with other nations.He noted that this revenue would significantly support Ghana's climate-resilient initiatives aimed at cutting...