Business

NPA directs OMCs to increase UPPF and BOST margin on fuel effective Dec. 1

December 1, 2022

The National Petroleum Authority (NPA) has directed Oil Marketing Companies and other industry players to increase the Unified Petroleum Price Fund (UPPF) and Bost margin on fuel effective December 1. A November 30 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST Margin in their Price Build […]Continue Reading

Business

Enforce ban on grains, soya beans export – GRA to Customs Division

December 1, 2022

The Ghana Revenue Authority (GRA) has asked its Customs Divisions in border towns to implement the ban on the exportation of cereals and soya beans. A communiqué issued by the Assistant Commissioner of the Ghana Revenue Authority to station heads in Tatale, Wonjuga, Bunkpurugu and Saboba stated that grains and soya beans are to be […]Continue Reading

Business

IMF team visits Ghana for more talks on bailout

December 1, 2022

An International Monetary Fund (IMF) team led by Stéphane Roudet will visit Ghana from today, Thursday, December 1 to Tuesday, December 13 to continue discussions on the country’s request for a support programme, the Fund said in a statement on Wednesday. Ghana turned to the IMF for help in July as its balance of payments […]Continue Reading

Business

Bank of Africa bags ‘Best Bank in Trade Finance’

November 22, 2022

Bank of Africa (BOA) Ghana has been named the 2022 Trade Finance Bank of the Year by two institutions -the Innovation and Excellence Awards and the Ghana Credit Excellence Awards 2022. The awards organised by the International Center for Strategic Alliances (ICSA), and the Chartered Institute of Credit Management (CICM), both honoured BOA for its […]Continue Reading

Business

52.86% of businesses claim their operations impacted by ‘galamsey’ – Survey

November 22, 2022

Fifty-two point eight six percent of businesses, according to a 2023 Pre Budget Survey by accounting and auditing firm, KPMG have indicated that their organisations have been impacted by “galamsey’ activities. They claim utility providers like Ghana Water Company LImited have indicated on their website on June 28, 2022 that water flowing to their intake […]Continue Reading

Business

More than 50 firms to receive Gold Seal for Customer Excellence in Ghana

November 17, 2022

More than 50 companies in good standing with the International Customer Service Standard Practice are to be awarded with Gold Label Seal of Excellence in Customer Service Delivery and Consumer Relations at the 2022 National Customer Service Development Dialogue. Dubbed, ‘‘The Night of Customer Service Excellence’’, the event is to reward and recognize excellence customer Continue Reading

Business

MASLOC Adjudged Microfinance Brand of The Year

November 11, 2022

The Micro Finance and Small Loans Centre (MASLOC) was named the sustainable project finance brand of the year at this year’s edition of the Ghana Credit Excellence Awards. The Chartered Institute of Credit Management Ghana named MASLOC as the top-performing institution in delivering sustainable project finance for SMEs for the year under review. The event, […]Continue Reading

Business

Survey: 52% of Ghanaians blame covid-19, Russia-Ukraine war for economic woes

November 9, 2022

As the nation continues to battle with high cost of living, resulting from high cost of fuel, majority of Ghanaians are of the view that the twin global developments; covid-19 and the Russia-Ukraine war, have contributed significantly to the country’s economic woes. The covid-19 pandemic, which devastated the world in 2020, leading to complete global […]Continue Reading

Business

$1 now sells for ¢13.75 as cedi suffers more depreciation

October 20, 2022

  The woes of the Ghana cedi continued as it depreciated further to about ¢13.75 to the US dollar less than a day, after reaching ¢13 on October 19. This is equivalent to about 12% depreciation in only four days of this week. The local currency is also depreciating faster than the pound and euro. […]Continue Reading

Business

GUTA members close down shops over high taxes

October 18, 2022

Members of the Ghana Union of Traders Association (GUTA) in Accra have today closed down their shops in a nationwide protest. According to the aggrieved traders, their decision to halt commercial activities is based on the exorbitant tax rates and the continuous depreciation of the local currency against the US dollar. This, the traders say […]Continue Reading