Business

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...

Gold exports reached $7.60 billion, marking a 15.0% increase compared to the previous year. This growth is primarily attributed to a 9.2% rise in export volume and a 5.4% increase in the average realized...

Minister of Lands and Natural Resources, Samuel Abu Jinapor, has announced that construction of Ghana’s first manganese refinery will begin in August this year.This significant project will be done by Ningxia Tianyuan Manganese Industry...

The Electricity Company of Ghana (ECG) has stated that inadequate internet access in certain areas of the Ashanti Region has hindered the deployment of smart prepaid meters.Public Relations Officer for ECG in the...

The head of the Produce Buying Company (PBC), Derek Kwaku Nkansah, revealed that the company hasn't captured any market share in the last year, which he finds disappointing.Nevertheless, he promised that by the...

Businesses in Ghana have witnessed a sharp decline in their working capital, with a reduction of more than 56 percent within a span of six months, attributed to the worsening economic conditions, stated the...

Nigerian entrepreneur Aliko Dangote has reproached African governments for their longstanding failure to advocate for the creation of an oil refinery for the continent.The chairman of the Dangote Refinery highlighted that the absence of...

Deputy Minister of Finance,Dr. Alex Ampaabeng, has urged the African Development Bank Group (AfDB) to lead initiatives aimed at enhancing transparency in carbon markets.Addressing a panel discussion during the African Development Bank Group...

Ghana’s Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments, Ken Ofori-Atta, recently had a meeting with Bahrain's Crown Prince and Prime Minister, His Royal Highness Prince Salman bin Hamad...

North Tongu Member of Parliament, Samuel Okudzeto Ablakwa, has released additional documents to support his argument that the proposed sale of four state-owned hotels to a current cabinet minister was unfavorable.Ablakwa, in his latest...

The Association of Ghana Industries (AGI), the representative organization for manufacturing companies in Ghana, has expressed support for the inclusion of nuclear power in the nation's energy portfolio.Nonetheless, the Association has urged the government...

The Government is urged to prioritize immediate actions to ensure stable electricity supply for Ghana's rollout of 5G mobile broadband services.With Next-Gen Infrastructure Company licensed to launch 5G from Q3 2024, the goal is...

The government has made significant progress on the new terms for paying the $13 billion owed to creditors, and is now getting close to reaching an agreement with holders of Eurobonds regarding debt restructuring.This...

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.The chamber stated that this decision has triggered a ripple...

The Locked-up Investment Holders' Forum, under the leadership of Dr. Adu Anane Antwi, is set to resume picketing on Wednesday, June 5, 2024.This decision arises from the unfulfilled promise made by the Deputy Minister...

Locked-up Investment Holders’ Forum have declared that it will resume its picketing today, Wednesday, June 5, following the Finance Ministry's failure to meet its demands.Members of the forum are dissatisfied because, despite assurances...

The Ghana cedi will receive a much-needed foreign exchange buffer in the short term due to substantial inflows.This follows several measures announced by the Bank of Ghana during the May 2023 Monetary Policy Committee...

Finance professor at the University of Ghana, Godfred Bokpin, criticized the halted import limitations bill, highlighting the necessity for transparent procedures and a coherent policy direction.During an appearance on JoyNews’ PM Express on Monday,...

The Bank of Ghana (BoG) has explained that obtaining a bailout from the International Monetary Fund (IMF) would have been difficult without the Domestic Debt Exchange Programme (DDEP).Dr. Philip Abradu-Otoo, the Director of Research...

Organized Labour is advocating for a restructuring of how the Social Security and National Insurance Trust (SSNIT) utilizes workers' funds.They contend that SSNIT's recent actions and lack of action have been unsatisfactory.The Executive Secretary...

Minister of Finance, Dr. Mohammed Amin Adam, has urged the investor community to aid Ghana in accelerating its economic recovery, which is currently showing signs of improvement.Ghana's Gross Domestic Product (GDP) grew by 2.9...

The decline in the value of the local currency, the Cedi, is a major concern for both business owners and individuals, as it results in increased prices for goods and services.When we refer to...

The Vice President and Presidential Candidate of the ruling New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has vowed to align Ghana's import duties with those of Togo once he takes office.He mentioned that the...

The National Petroleum Authority (NPA) has instructed various industry stakeholders to raise the Unified Petroleum Price Fund (UPPF) margin by GH₵0.05 per litre in the Price Build Up for petroleum products starting June 1,...

Vice President Mahanmadu Bawumia has been challenged by Professor Kobby Mensah of the University of Ghana Business School (UGBS) to use his power to persuade President Nana Addo Dankwa Akufo-Addo to axe a contentious...

Due to rises in the cost of fuel, transportation, farm input devices, and other variables, the prices of several goods in the Northern Region's Tamale metropolis and Sagnarigu municipality are still skyrocketing.Since the start...

Director of Research at the Bank of Ghana (BoG), Dr. Philip Abradu-Otoo, has clarified that obtaining a bailout from the International Monetary Fund (IMF) would have been difficult without implementing the Domestic Debt...

Bank of Ghana (BoG) provided its 2023 Annual Report and Financial Statement, which shows that the bank's currency printing expenses in 2023 totaled GH¢675.4 million.According to the study, the sum is a 107.4% rise...

The government achieved a 29.71% oversubscription in its treasury bills auction just a week after failing to meet its target.According to the Bank of Ghana's auction results, the government raised GH¢3.52 billion from selling...

The Bank of Ghana (BoG), in its 2023 annual financial report, revealed that the Domestic Debt Exchange Programme (DDEP) impacted its balance sheet.Consequently, the bank signed a Memorandum of Understanding (MOU) to secure...

Technology Analyst and Digital Lead at Pop Out, Maximus Ametorgoh, is calling for internet access to be regarded as a public utility.He believes that in today's digital era, internet access is crucial for communication...

Supporters of the Locked-Up Investment Holders Forum will reconvene at the Finance Ministry on Wednesday, June 5, 2024, for a demonstration.This decision follows the Ministry's failure to fulfill its commitment to engage with them.On...

An expert in industrialization and supply chain management, Professor Douglas Boateng, has emphasized the necessity for African nations to develop the complete value chain of products and services within the continent to ensure the...