Business

The National Council for Curriculum and Assessment (NaCCA) has introduced a revolutionary new curriculum for Senior High Schools (SHS) focused on instilling national values and nurturing pride among young people.This innovative curriculum offers 37...

The Government of Ghana has reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) in its debt restructuring efforts.This development pertains to the debt treatment plan agreed upon...

Ghana’s inflation rate is projected to reach 20.9% by the end of 2024, according to the African Development Bank's updated 2024 African Economic Outlook.This figure is higher than the previously predicted 17.4%.This indicates that...

The Bank of Ghana (BOG) has clarified that its significant financial loss of GH₵10.5 billion for the 2023 fiscal year does not reflect a failure in policy effectiveness.The Central Bank explained that a substantial...

Dr. Mahamudu Bawumia, the presidential candidate of the New Patriotic Party (NPP), has declared that the pension scheme for cocoa farmers will be launched this year.During his visit to Kumasi as part of a...

Ghana's cedi fell to a record low as businesses increased their demand for dollars to import fuel, pharmaceuticals, and other fast-moving consumer goods.The currency of the world's second-largest cocoa producer depreciated by 0.2% to...

The Center for Democratic Development (CDD-Ghana) has restated its call for an increase in mineral royalties allocated to mining districts.Despite Ghana's abundant resources, communities where minerals are extracted are notably underdeveloped.According to Emmanuel Yeboah,...

The Ghanaian cedi's steadiness against major foreign currencies is anticipated to persist this week, following a decline in demand for foreign exchange.The local currency regained ground against the dollar, pound, and euro in the...

Oil prices inched higher on Monday, driven by anticipated growth in fuel demand this summer, though gains were constrained by a stronger dollar, which was bolstered by diminishing prospects of immediate interest rate cuts.Brent...

Africa Data Centres and Onix Data Centre have strategically joined forces to broaden their data centre footprint in West Africa, particularly in Ghana.The collaboration seeks to improve digital infrastructure, support data sovereignty across borders,...

Ghana's ambition to leverage the African Continental Free Trade Area (AfCFTA) for accelerated development can only be realized through a focus on engineering and industrialization, stated Professor Douglas Boateng, an international chartered director and...

Research firm IC Securities has forecasted that the Ghanaian Cedi will depreciate to GH¢15.91 against the US dollar by year-end.IC Securities attributed the revision from their initial projection of GH¢13.2 to the current macroeconomic...

European Lotteries have voiced opposition to government-imposed taxes on lottery winnings and levies on the gaming industry.Speaking at a training program on responsible gaming hosted by the National Lottery Authority (NLA) in Accra, European...

The 2024 Global Startup Ecosystem Report offers insights into the primary startup ecosystems worldwide, emerging trends, and the significant challenges confronting entrepreneurs.This comprehensive report is the result of extensive research and analysis conducted on...

Organizations appear to have shifted from the usual trend of restocking after the December holidays, with logistics and procurement activities slowing down in the first quarter of 2024, according to the Ghana Managers Index.During...

Mining companies sent back over US$4.2 billion to Ghana, amounting to slightly more than 1.4% of the repatriation value in 2022.This information is from the 2023 mining report by the Ghana Chamber of Mines.A...

The International Monetary Fund (IMF) has announced that Ghana is expected to receive the third installment of $360 million by the end of this month, as the nation grapples with the depreciation of its...

The European Lotteries has voiced disapproval of government taxation on lottery winnings and imposition of fees on the gaming sector.Phillipe Vlaemminck, Head of Legal at European Lotteries, speaking to the B&FT during a training...

The Bank of Ghana (BoG) has reaffirmed its dedication to implementing policies aimed at maintaining stable inflation levels, aligned with its medium-term target of 8 percent.Despite reporting a GH¢10.5 billion loss for 2023, the...

The cost of foodstuffs has risen sharply, shocking many Ghanaians. Numerous individuals have turned to social media to voice their worries about the high cost of living, particularly as items like tomatoes, onions, and...

Government witnessed a 19.4% oversubscription in its treasury bills auction, indicating a renewed demand for short-term instruments.As per the Bank of Ghana’s auction outcomes, interest rates have maintained stability.The auction generated GH¢5.256 billion from...

Founder of Fearless Foundation, Arian Simeone, states that insufficient resources, such as education, networks, and mentorship, present a major obstacle for start-ups within the ecosystem.The Fearless Foundation is a non-profit organization offering capital, community...

Businessman has suggested to the Minister of Food and Agriculture, Bryan Acheampong, to discontinue the Planting for Food and Jobs (PFJ) scheme.Dumelo asserted that the PFJ initiative, introduced by President Akufo-Addo in 2017, has...

One of the largest local Oil Marketing Companies (OMC) in Ghana, GOIL PLC, has chosen to maintain a dividend payout of GH¢0.056 per share to its shareholders for the year 2023.This choice is made...

Businessman John Dumelo has suggested to the Minister of Food and Agriculture, Bryan Acheampong, to discontinue the Planting for Food and Jobs (PFJ) scheme.Dumelo asserted that the PFJ initiative, introduced by President Akufo-Addo in...

Ghana's mining sector is poised for significant growth in 2024, driven by an increase in gold production.Gold output is anticipated to range between 4.3 million and 4.5 million ounces, thanks to higher production from...

The Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), John Kwaning Mbroh, has urged contributors to remain calm despite concerning projections from a recent International Labour Organisation (ILO) report on the Social...

The Majority Leader in Parliament, Alexander Kwamina Afenyo-Markin, has advised the Ghanaian business community against hastily converting their cedis to US dollars.Addressing the media in Parliament, Afenyo-Markin labeled negative remarks about Ghana’s economy as...

ITA Airways has successfully launched its commercial flight operations at Kotoka International Airport (KIA).The inaugural flight landed at approximately 7:39 PM, greeted by a water cannon salute from the Rescue and Fire Fighting team...

Gold output in Ghana has experienced a slight increase from 3.7 ounces in 2022 to 4 million ounces, as reported by the Ghana Chamber of Mines.This marks the country's highest production level since the...

The Bank of Ghana (BoG) is still struggling to convince Ghanaians o the costs associated with its open market operations, which significantly contributed to the Bank’s loss position in the audited 2023 financial statements.According...

On Wednesday, June 5, 2024, Minister for Roads and Highways, Francis Asenso-Boakye (MP), signed a Memorandum of Understanding (MoU) with the Korea Expressway Corporation, South Korea's state-owned entity for expressway construction and operation.The signing...

Project Coordinator of the Food System Resilience Programme (FSRP), Mr. Osei Owusu Agyeman, has announced on Friday that Ghana’s poultry industry is experiencing a significant revival, aimed at building sustainable businesses within the value...

In recent years, the government's intentional efforts to celebrate Green Ghana Day have achieved notable success.However, Florence Sena Amponsah, the Senior Manager of Program Support at Compassion International Ghana (CIGH), has called on corporate...

Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has stated that Ghana and Africa stand to benefit significantly from their business and development relationship with South Korea.“Opportunity is important in...

Ghana's second review program for a third tranche of US$360 million is anticipated to be presented to the Executive Board of the International Monetary Fund (IMF) by the end of June 2024.This review aims...

Head of the Majority Caucus in parliament, Alexander Kwamina Afenyo-Markin, has declared that the long-term agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) does not require parliamentary endorsement, as it...

Ghana plans to implement a new legislative framework to limit the export of raw bauxite, as stated by Samuel Abu Jinapor, the Minister of Lands and Natural Resources.During the opening ceremony of the 2024...

Out there on the Internet, there are millions and millions of different sites and the vast majority of them are trying to sell us something.Whether directly through retail or just from adverts, products...

Nigerian oil palm company Presco Plc. has acquired a 100% equity stake in the Ghana Oil Palm Development Company (GOPDC) for approximately US$124.9 million.Presco will initially pay US$64.9 million, with the remaining balance...

Despite a directive from the Cement Manufacturing Development Committee in Ghana, cement prices continue to rise, causing chaos in the real estate market and driving rent prices in Accra to new highs.Recent price checks...

The market value of securities on the Ghana Stock Exchange (GSE) has surged beyond GH¢400 billion, equivalent to approximately US$27 billion according to the latest data from the exchange.As a result, the market capitalization...

Ghana's administration has secured substantial financial assistance to bolster its developmental goals. The nation has inked a $2 billion framework pact with South Korea’s Economic Development Cooperation Fund (EDCF).The accord, finalized at the 2024...

The Chamber of Petroleum Consumers Ghana (COPEC) has expressed disappointment with the National Petroleum Authority (NPA) for raising the Unified Petroleum Price Fund (UPPF) margin.This decision has resulted in a domino effect on fuel...

A member of the Committee on Employment, Social Welfare, and State-Owned Enterprises, Dr. Kwabena Donkor, has labeled the appointment of three Managing Directors for the Intercity State Transport Company (STC) as regrettable.The selection of...

A member of the Committee on Employment, Social Welfare, and State-Owned Enterprises, Dr. Kwabena Donkor, has labeled the appointment of three Managing Directors for the Intercity State Transport Company (STC) as regrettable.The selection of...

A Fellow at the Center for Democratic Development (CDD-Ghana) and a pharmacist, Dr. Kwame Asiedu Sarpong, has voiced concerns about the impact of the government’s Domestic Debt Exchange program on his investments in Ghana.Former...

Joynews' market survey data reveals a stark reality as a sack of onions, once priced at GHC600, is now fetching GHC1,050. The inflation rate is skyrocketing, pushing up the costs of essential goods and services. For...

Former Finance Minister Ken Ofori-Atta introduced Ghana’s Domestic Debt Exchange Programme aiming to restore the country's ability to manage its crippling debt.During the programme's launch, the former Finance Minister stated that the goal of...

Nigerian oil palm enterprise Presco Plc. has secured a full ownership stake in the Ghana Oil Palm Development Company (GOPDC).According to Presco, the acquisition is valued at approximately US$124.9 million. Initially, Presco will pay...