NCA grants licence for operation of MSMPUSHER
The National Communications Authority (NCA) has granted a licence for the operation of a cloud-based marketing platform, MSMPUSHER.NCA's licence is to allow MSMPUSHER...
US and Taiwan announce formal trade negotiations
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi.The...
MTN gifts 2-bedroom house to woman in first MoMo TV commercial
The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN's Mobile Money (MoMo) has been gifted a...
Aker Energy halts Ghana oilfield devt over involvement of Russian firm
Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in...
BoG increases policy rate to 22%; cost of borrowing to shoot up significantly
The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August...
UK to receive shipment of Australian gas
The United Kingdom (UK) is expected to take delivery of a shipment of gas all the way from Australia next week, as the pressure...
Increase in tariffs will affect our businesses – Ghana Hotels Association
A member of Ghana Hotels Association, Denzel Kwesi Humpreys, has said that the hotel business will be affected adversely by the increase in water...
We haven’t banned dollar account – BoG
The Bank of Ghana (BoG) has dismissed reports that it has banned the opening of dollar accounts.In a public notice, the Central Bank said...
Cedi tagged the worst performing currency worldwide by Bloomberg
A recent currency performance ranking by Bloomberg has classified the Cedi as the worst-performing currency across the globe.Bloomberg tracked the performance of 150 currencies...
Mobile Money transactions surpass cheques by ¢366.7bn in half-year 2022, but slightly lower than 2021
Total Mobile Money transactions in the first half of 2022 significantly surpassed cheque transactions by a massive ¢366.7 billion, the Summary of Economic and...
TikTok owner hands algorithm data to chinese government
Chinese internet giants including Alibaba, Tiktok-owner ByteDance and Tencent have shared details of their algorithms with China's regulators for the first time.Algorithms decide what...
UK cuts import taxes on goods from poor countries
The UK is to cut import taxes on hundreds more products from some of the world's poorest countries to boost trade links.The Developing Countries...
Cedi loses about ¢3.15 to dollar so far in 2022
The cedi has lost about ¢3.15 at face value to the US dollar so far in 2022.This is equivalent to about 32% loss since...
Prices of petroleum products to go up 5.5% – COPEC
Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber...
Star Assurance, AssureAdvisors to launch repackaged insurance products
Star Assurance, one of Ghana’s leading general insurance providers has together with their Corporate Agency, AssureAdvisors Limited, launched two re-packaged personal insurance products into...
Russia reopens bond market to friendly traders
The Moscow Exchange will be partially reopened to foreign investors from Monday after a nearly six-month suspension during the Ukraine war.It says only investors...
Alex Mould hints of fuel shortage
A former Chief Executive Officer of National Petroleum Authority, Alex Mould, has hinted of fuel shortage in the country if government does not intervene...
Johnson and Johnson to stop selling talcum powder
Johnson & Johnson (J&J) will stop making and selling its talc-based baby powder around the world from next year.The announcement comes more than two...
Govt’s industrialisation agenda not feasible without stable cedi – Manufacturers
Government’s industrialisation agenda is likely to face a number of challenges if issues confronting the cedi is not addressed.According to the Business Development Manager...
Prices of foodstuff will not go down despite harvest season – GSS
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...
Musk sells Tesla shares as Twitter lawsuit looms
Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).The sales took place after the...
MTN MoMo set to accelerate growth in digital payments through partnerships
MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...
Inflation hits 31.7% in July
Ghana's consumer inflation accelerated to 31.7% annually in July from 29.8% in June, the Ghana Statistical Service announced Wednesday.The development means the inflation rate...
Labianca case: Special Prosecutor got it all wrong – Chamber of Freight and Trade
The Chamber of Freight and Trade (CFT) has decried what it calls an attempt by the Office of the Special Prosecutor (OSP) to link...
Fitch downgrades Ghana’s rating to ‘CCC’
Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘.The downgrade, it said, reflects deterioration of Ghana’s...
Domino’s pulls out of the birthplace of pizza
Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, reports say.Franchise...
1D1F: Akufo-Addo inspects GH¢9.2 million Yam/Cassava factory at Bimbilla
President Nana Addo Dankwa Akufo-Addo, on Tuesday, 9th August 2022, visited Global Almas Processing Limited, a yam and cassava processing factory located at Bimbilla,...
MTN MoMo set to accelerate growth in digital payments through partnerships
MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...
Mahama calls for national economic dialogue over CCC+C downgrade
Former President John Mahama has called for a national dialogue to help salvage Ghana's ailing economy.Mr Mahama believes the national platform will bring together...
Cement prices set to hit ¢68 per 50 kilo
Cement prices are expected to be increased from next week.JOYBUSINESS is learning that the wholesale price of 50 Kilo Bag is expected to hit...
Gold Coast Refinery receives international certification
Gold Coast Refinery Limited has been certified to the Code of Practices of the Responsible Jewelry Council (RJC).It thus becomes the first gold refinery...
Tata motors to buy Ford car making plant in India
Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m).The deal comes...
Cedi depreciation getting out of hand – GUTA cries
The Ghana Union of Traders Association (GUTA) has raised an alarm over plummeting cedi value and its effect on businesses.In a statement, GUTA stated...
KGL Group partners Asamoah Gyan Foundation to inspire next generation
KGL Group, a wholly owned Ghanaian entity with subsidiaries operating across digital solutions, innovations, Fintech, and Logistics has partnered with the Asamoah Gyan Foundation...
GIADEC makes significant progress towards developing an Integrated Aluminium Industry
Ghana’s first President, Kwame Nkrumah, had a vision to industrialise Ghana’s economy and identified the Integrated Aluminium Industry (IAI) as a good starting point....
Fuel tanker drivers call off week-long strike
Fuel tanker drivers have called off their industrial action across the country.The group including other allied associations decided to go back to work after...
How tanker tracking devices have forced drivers to go on strike [Listen]
JoyNews/AdomNews · How tanker tracking devices have forced drivers to go on strikeMembers of the Gas Tanker Drivers and Petrol Tanker Unions have declared...
Uber drivers at record high as people seek more cash
The number of people driving for Uber has hit an all time high, as concerns about the rising cost of living push people to...
23% staff cut off as crypto market dives
Trading platform Robinhood is cutting nearly a quarter of its staff due to high inflation and the falling cryptocurrency market.The company said the economic...
Parliamentary committee to push for tax waivers for local printers
The Parliamentary Select Committee on Education has promised to make a strong case for the removal of import duties on raw materials for the...