Business

Fuel prices may see marginal increase – IES

August 15, 2022

Fuel prices may see marginal increase from tomorrow August 16th, 2022, the Institute for Energy Security (IES) has predicted. This is despite the 8.48% fall in the price of petrol, 5.86% fall in the price of LPG, and the 7.26% fall in diesel. “The steep depreciation of the Ghana cedi against the US dollar may […]Continue Reading

Business

4th Annual CEOs Forum on Transport, Logistics & Supply Chain takes place in September

August 12, 2022

The 4th Annual Africa Chief Executive Officers in Transport, Logistics & Supply Chain Forum will take place in Accra Ghana from 15-16 September 2022. The two days forum under the theme “Creating a sustainable future through investing in the African logistics transport and supply chain sectors, the game changer” will be opened by the Minister […]Continue Reading

Business

Fitch projects average inflation of 22% in 2022

August 12, 2022

Ratings agency, Fitch, expects inflation to peak in the 3rd quarter of 2022 before slowing through the end of the year. “We forecast annual average inflation of 22% in 2022, slowing to 16% in 2023”. The Bank of Ghana’s Monetary Policy Committee (MPC) has raised the main policy rate twice in 2022, by a total […]Continue Reading

Business

Absa Bank plants 10k trees in support of Climate Change

August 11, 2022

Absa Bank Ghana’s commitment to the environment remains one of the strengths of the company’s strategy in the country. Beyond establishing an undisputed leadership in financial performance and sustainability, the bank’s dedication to addressing key environmental, health and education issues is an example of what a modern bank must stand for. Bank colleagues from various Continue Reading

Business

Prices of foodstuff will not go down despite harvest season – GSS

August 11, 2022

The Ghana Statistical Service (GSS) doubts the country’s inflation will witness a decline anytime soon as figures peg the inflation rate at 31.7 per cent in July. In an interview with JoyNews, the Service’s Head of Price Statistics, John Forster Agyaho warned that prices of goods and services may continue to rise on the market despite […]Continue Reading

Business

Inflation rises further to 31.7% in July 2022; transport one of major drivers

August 10, 2022

Year-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical Service has revealed. However, the rate of inflation slowdown in the month under review, as inflation went up by 1.9% over that of June 2022 (29.8%). According to the GSS, the increase in inflation was […]Continue Reading

Business

Ghana Card will save SSNIT $126 million – SSNIT boss

August 10, 2022

Director-General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang has reiterated the benefits of the Ghana Card when properly synced to capture the bio data of all working Ghanaians and their survivors. According to him, only 2 million of the estimated 10 million working Ghanaians in both the formal and informal […]Continue Reading

Business

Exim Bank supports Project Amplified

August 10, 2022

The Ghana Exim Bank has supported Amplified, a social marketing project of the Ministry of Information to help promote business innovations and the activities of social entrepreneurs in the country. The support will ensure a season one (1) of the project totaling 10 episodes which will help beneficiaries to promote their products and services to […]Continue Reading

Business

Finance Minister revises IMF financial package under Program to $3 billion

August 9, 2022

Finance Minister, Ken Ofori-Atta has revealed that Ghana could get about $3 billion dollars from the International Monetary Fund (IMF) under a FUND program. This is a little bit higher than the initial one billion dollar disclosed by the Finance Minister to the Bloomberg News in July when the IMF team paid a visit to […]Continue Reading

Business

JoyNews uncovers politically connected individuals, smuggling cartel hoarding and reselling premix fuel

August 8, 2022

JoyNews’ investigations have uncovered how politically connected individuals and a smuggling cartel in the Central and Volta regions hoard and re-sell premix fuel to fishermen at exorbitant prices. Premix fuel is supposed to be sold to fishermen for a little over ¢7 but is being dished out to them at ¢20 a litre. Vice President, […]Continue Reading