OpenAI value surges to $157bn in funding deal
OpenAI, the maker of ChatGPT, has raised $6.6bn in its latest funding round, as investors including its early backer Microsoft continue to bet big...
The People’s Forum: Traders in Nsawam market lament low patronage amid high prices
Traders and buyers at the Nsawam cassava and plantain market in the Nsawam-Adoagyire Municipality of the Eastern Region have expressed concerns over low sales...
Address shifts in food supply, agric labour as a result of climate change effects – GSS to Gov’t
The Government Statistician, Professor Samuel Kobina Annim has asked government to address shifts in food supply and agricultural labour due to climate change effects.He...
BoG to auction $120m to BDCs in quarter 4, 2024
The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the fourth quarter of 2024.This is the same amount...
Increases in food prices will continue – GAWU warns
The General Agriculture Workers Union (GAWU), is predicting food prices will continue to surge in the coming months despite government’s policy intervention.This follows the...
Proper recycling of electronic materials is central to combating climate change – CEO of Electro Ghana Limited
The Chief Executive Officer of Electro Ghana Limited, Nana Yaw Konadu, has revealed that proper recycling of electronic materials is central to combating the...
Inflation rises marginally to 21.5% for September
The inflation rate for September 2024 increased to 21.5 percent from 20.4 percent in August.This rise is due to an increase in food inflation,...
Dry spell: Gov’t set to distribute food grants to over 800k farmers
The government will from October 10, 2024, distribute food grants to over 800,000 farmers affected by the dry spell that hit the northern and...
Nacasky achieves record revenue and customer milestones
Nacasky Company Limited, a leading IT solution provider, has reached significant milestones since partnering with Intercity STC and other transport organisations.The company has generated...
Get licensed or shut down – Trade Minister directs cement producers
The Minister of Trade and Industry, K. T. Hammond, has directed cement manufacturers to secure licences or halt production immediately.The minister issued the directive...
Bond market: Traded volume declined 20.48% to GH¢722m
Activities in the secondary bond market declined by 20.48%, falling from GH¢908 million to GH¢722 million.The February 2027 maturities dominated trading, capturing 47.2% of...
 Government misses treasury bill target by GH₵2.6 Billion amid liquidity crunch
Liquidity in Ghana’s money market remains tight as the government missed its treasury bill target by GH₵2.6 billion in the most recent auction.According to...
NBA legend Mutombo dies from brain cancer aged 58
NBA Hall of Famer Dikembe Mutombo has died from brain cancer at the age of 58.The eight-time NBA All-Star, who retired in 2009, spent...
Ghana’s economy to rise to 3-year high of 5.5% – Fitch Solutions
Fitch Solutions is forecasting an economic growth in Ghana to rise from 2.9% in 2023 to a three-year high of 5.5% in 2024.The latest...
Cedi holds steady in retail market amid rising demand; one dollar equals GH¢16.25
The local currency remained stable in the retail market last week but faced pressure in the interbank market.The pressure was due to a renewed...
Galamsey: AngloGold Ashanti warns of production risks and health hazards
Several mining companies in the Western Region are raising alarms over the escalating encroachment of illegal mining activities, locally referred to as galamsey.AngloGold Ashanti,...
Tariff increment reflects broader economic issues – Edward Bawa
Member of Parliament's Mines and Energy Committee, Edward Bawa, has stated that the recent increase in utility tariffs is indicative of larger economic challenges...
Total mobile money transactions hit GH¢1.775trn
The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed.This is...
Ghana secures $30M UAE grant for forest conservation
The Ministry of Lands and Natural Resources, on behalf of the Forestry Commission, has signed a Letter of Intent with the Government of the...
Spare parts dealers accuse gov’t of collapsing their businesses
Spare parts dealers at Kokompe in the Greater Accra region have expressed worry over what they describe as a deliberate attempt by the government...
Ghana’s cocoa export revenue hits lowest levels since 2018
Data from the Bank of Ghana’s latest Summary of Economic and Financial Data reveal a worrying drop in export revenues, with cocoa earnings between...
New utility tariff hikes will worsen cost of living – GUTA
The Ghana Union of Traders Association (GUTA) has raised concerns about the recent hike in water and electricity tariffs, questioning the rationale behind the...
Taxes are suffocating businesses – GNCCI CEO calls for urgent tax reforms
Businesses in Ghana are struggling under the weight of high taxes, according to Mark Badu-Aboagye, CEO of the Ghana Chamber of Commerce and Industry...
Jon Moore International celebrates 25 years of excellence in project logistics
Jon Moore International, a leading indigenous project logistics company in Ghana, has celebrated its 25th anniversary with a grand dinner and awards ceremony honouring...
Bank of Ghana launches Gold Coin to provide investment opportunities for GhanaiansÂ
The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians.The GGC is a coin manufactured from...
2024 election: Mahama makes juicy promise to spare parts dealers
The Presidential candidate of the National Democratic Congress(NDC) has accused the Akufo-Addo government of collapsing the jobs of spare parts dealers with high taxes...
BoG lowers Monetary Policy Rate to 27%
The Bank of Ghana (BoG) has reduced its Monetary Policy Rate by 200 basis points, bringing it down to 27%.This marks the second rate...
Cedi lost 24.3% to dollar in nine months of 2024 – BoG
The Ghana cedi lost 24.3% to the US dollar on the interbank forex market as of September 2024, the Bank of Ghana has revealed...
Cedi depreciates further against dollar, all other major trading currencies
According to the latest report from the Bank of Ghana, the value of the local currency, the cedi, has depreciated against all major trading...
Average lending rates fall consistently from January 2024 to 30.71% in July
Average lending rates has fallen consistently but marginally since the beginning of the year, data from the Bank of Ghana has revealed.The average lending...
BoG launches responsible gold sourcing programme to enhance economic growth
The Bank of Ghana (BoG) has recognized gold as a vital strategic reserve asset with a significant impact on economic growth.However, the Central Bank...
Debt stock hits GH₵ 761.2bn as of July 2024; every Ghanaian owing GH₵22,076
Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) by July 2024.Compared to the same...
High exchange rate still a struggle for businesses, says Chamber of Commerce CEO
The CEO of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye has expressed concerns over the current foreign exchange rate and its impact...
Over 29,000 gambling ads in Premier League weekend – Research
The number of betting adverts during the opening weekend of the Premier League season almost trebled compared to last year, new research says.Researchers analysed...
Stop refuelling vehicles with passengers onboard – NPA warns
The National Petroleum Authority (NPA) has issued a stern warning to commercial drivers to stop refuelling vehicles while passengers are still onboard.The Authority stressed...
Boosting Agriculture: 1,020 farmers in Asunafo South receive fertilizer
A total of 1,020 farmers in the Asunafo South District of the Ahafo Region have received bags of fertilizers and urea from the District...
GNPC’s financial viability in jeopardy due to govt’s $1bn debt – PIAC
The Public Interest and Accountability Committee (PIAC) has raised concerns about the financial sustainability of the Ghana National Petroleum Corporation (GNPC) if it is...
LPG shortage hits parts of the country; TOR assures situation is being addressed
Parts of the country have been hit by shortage of supply of Liquified Petroleum Gas (LPG).Joy Business observed long queues at some LPG stations...
IMF approves $7bn loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan.
The country is due to receive the first $1bn of the...
BOST holds 4-day training for mechanical staff to boost operations of depots
The management of Bulk Energy Storage and Transportation (BOST) has organized a four-day training for its technical and mechanical staff from all its depots...