Bond market: Total volume exchanged decreased by 39.74 to GH¢1.3bn
Trading activities in the secondary market moderated, with total volume traded declining by 39.24% to GH¢1.3 billion.This was down from GH¢2.1 billion recorded in...
Inflation to increase to 21.8% in August 2024 – Report
Inflation is expected to surge to 21.8% in August 2024, IC Securities has predicted.According to the investment firm, this is due to unfavourable base...
Cedi depreciation to continue; depreciates 24.5% to dollar since January 1, 2024
The recent depreciation of the Ghana cedi against the major foreign currencies is expected to continue due to subdued foreign exchange liquidity.Last week, the...
We disagree with decision to ban export on grain – Peasant farmers
Peasant Farmers Association is not pleased with the government's recent ban on the export of key grains, including maize, rice, and soybean.This concern comes...
Drought: Over 430K farmers already affected; GH₵3.5bn lost
Minister of Food and Agriculture, Bryan Acheampong, revealed that a severe dry spell in northern Ghana has directly impacted 435,872 farmers, who were cultivating...
Cedi hits GH¢16 to a dollar on retail market
The Ghana cedi has hit the GH¢16 mark to a dollar on the retail market after weeks of relative stability.This is how much most...
Parliament must probe Gold for Oil programme – Extractive Industry Transparency Initiative
The Ghana Extractive Industry Transparency Initiative (GHEITI) is demanding a parliamentary inquiry into government’s Gold for Oil policy citing opacity and lack of accountability...
Abossey Okai Spare Parts dealers back NDC’s fixed rate policy on imports
The Abossey Okai Spare Parts Dealers Association has backed the National Democratic Congress (NDC)'s proposed policy to introduce a fixed rate on imported spare...
We would’ve made GH₵1bn profit without external shocks – BOST MD
Managing Director of Bulk Energy Storage and Transportation Company Limited (BEST), formerly BOST, Dr. Edwin Alfred Provencal, has revealed that the company had initially...
NDC manifesto launch: Mahama promises to rationalize port fees
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to rationalize the fees charged at the country's ports.He also announced...
Government to launch $13bn Eurobond Debt Exchange Programme next week
Government is set to launch the highly anticipated Eurobond Debt Exchange Programme next week, according to sources familiar with the plan.The Finance Ministry is...
Ghana Shippers’ Authority responds to GUTA’s concerns on new GSA law
The Ghana Shippers' Authority (GSA) has addressed several concerns raised by the Ghana Union of Traders Association (GUTA) regarding certain provisions in the newly...
TAGG urges Akufo-Addo to assent to Shippers’ Authority act
The Traders Advocacy Group Ghana (TAGG) has expressed surprise at calls from certain stakeholders urging President Akufo-Addo not to assent to the recently passed...
Nana Yaa Jantuah calls for greater investment in the cocoa industry amid COCOBOD loan controversy
Former General Secretary of the Convention People's Party (CPP), Nana Yaa Jantuah, has expressed concerns about Ghana's inability to effectively promote its cocoa industry.She...
SanlamAllianz Life Insurance CEO: We’re backing our prompt-payment promise with admirable service experience
The CEO and Managing Director of Sanlam Allianz Life Insurance Ghana, Tawiah Ben-Ahmed, has promised that the merger of Sanlam and Allianz Insurance is...
Crude oil production declined for fourth consecutive year in 2023 - PIAC
The Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s crude oil production declined for the fourth consecutive year in 2023.Emerita Professor Elizabeth...
It is time to review VAT policy – GRA supports calls by business Associations
The Ghana Revenue Authority (GRA) has joined calls for policy reforms to simplify the country’s tax administration.According to Commissioner General Julie Essiam, the current...
COCOBOD refutes Minority claims on funding rejection
The Ghana Cocoa Board (COCOBOD) has dismissed claims by the Minority that international banks have rejected COCOBOD’s request and that COCOBOD was “chased away”...
We were not rejected by international banks – COCOBOD replies Minority
The Ghana Cocoa Board (COCOBOD) has strongly refuted allegations that it was turned down by international banks while seeking a $1.5 billion loan for...
New Shippers Authority Law will promote welfare of traders – GUTA
The Ghana Union of Traders Association (GUTA) has welcomed the newly passed Ghana Shippers’ Authority (GSA) Law, saying it will offer the Authority “the...
COCOBOD struggled to payback last year’s syndicated loan – Dr Jasaw discloses
The Deputy Ranking Member on Parliament's Food and Agriculture Committee, Dr Seidu Jasaw, has revealed that COCOBOD encountered serious challenges in repaying last year's...
COCOBOD unable to produce cocoa to meet international obligations – Ato Forson
The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has raised serious concerns about COCOBOD's ability to fulfill its international obligations.According to Dr. Forson,...
LPG Marketers assure of no shortage of LPG
The Liquefied Petroleum Gas (LPG) Marketers Association has assured the public that there will be no shortage of LPG despite their decision to boycott...
The People’s Forum: Opera Square traders protest planned eviction
Traders at the Opera Square business hub in Accra are protesting against an alleged eviction, amid redevelopment plans.They claim the area has been sold...
Don’t assent Ghana Shippers’ Authority Act – GUTA tells Akufo-Addo
The Ghana Union of Traders' Association (GUTA) has called on President Nana Addo Dankwa Akufo-Addo to delay his approval of the Ghana Shippers’ Authority...
We’ll return to Atuabo Gas on August 26 – LPG Marketers tells NPA
The Liquified Petroleum Gas (LPG) Marketers Association has indicated that it will return to the Atuabo Gas Processing plant on August 26, 2024, to...
NPA engaged in ‘unfortunate and deliberate’ attempts to tarnish reputation of LPG refill stations – Stakeholders
The LPG Marketers Association of Ghana and the Ghana LPG Operators Association (GLIPOA) have accused the National Petroleum Authority's (NPA) Communications Manager, Mohammed Abdul-Kudus,...
NPA revokes licenses of 13 OMCs over debts owed several industry regulators
The National Petroleum Authority (NPA) has revoked the licenses of 13 Oil Marketing Companies (OMCs).It follows the inability of the firms to settle debts...
Producer Price Inflation shoots up to 29.1% in July 2024
The Producer Price Index (PPI) rate for July 2024 was 29.1%, a 3.5 percentage point increase over that of June 2024.The month-on-month change in...
LPG marketers boycott not targeted at Atuabo Gas – LPGMCs
The LPG Marketing Companies Association of Ghana (LPGMCs) has rejected assertions by the National Petroleum Authority that the move to cease business relations with...
Cocoa jumps to one-month high as Ghana trims output forecast
Arabica coffee futures climbed for the sixth straight day in New York following renewed concerns over cold weather in top producer Brazil.Low temperatures are...
Check out the 44 Oil Marketing Companies that owe nearly GH₵60m in levies to BOST
Forty-four oil marketing companies have defaulted on their obligation to remit levies owed to the Bulk Energy Storage and Transportation Limited (BEST), formerly known...
International Banks rejected COCOBOD’s loan request to purchase cocoa for 2024/25 crop season – Minority
The Minority in Parliament has raised concerns over COCOBOD's financial health, claiming that international banks have rejected the organisation's request for a loan to...
44 oil marketing companies ‘vanish’ with nearly GH₵60m levies owed to BOST
National security is pursuing directors of 44 oil marketing companies that have disappeared with nearly GH₵60 million in levies owed to the Bulk Oil...
Scrap duty on essential commodities – FABAG to govt
The Food and Beverages Association of Ghana (FABAG) has urged the government to eliminate all duties on essential commodities imported into the country.This appeal...
Food security: Delay in rainfall impacting farmers efforts
Farmers in the country are growing increasingly desperate due to the delay in rainfall this year.This is severely affecting their efforts, particularly in the...
COCOBOD announces date for 2024/2025 crop season
The Ghana Cocoa Board (COCOBOD) has announced September 1 as the start date for purchasing cocoa for the 2024/2024 main crop season.The Chief Executive...
Finance Minister fears food inflation may soar due to delayed rains
The Finance Minister, Mohammed Amin Adam (MP), has expressed concern that the delay in rains and its impact on crops could lead to a...
Used car dealers call on govt to slash 50% port duty
Used car dealers in the country are pleading with the government to reduce the duties paid at the port when importing vehicles to enable...
Forensic audit of BOST saved Ghana $28m – Provencal
The Chief Executive of Bulk Energy Storage and Transportation Limited (BEST), Dr Edwin Provencal, has revealed that a forensic audit he initiated since his...