Business Archives - Page 11 of 47

September 19, 2024September 18, 2024

Ghana Posts 6.9% Economic Growth in Q2

Ghana’s economy grew by 6.9 percent in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7 percent. The Services sector continues to

September 18, 2024September 18, 2024

ECG Faces Financial Crisis: PURC Sounds Alarm to Presidency and Energy Minister

The Public Utilities Regulatory Commission (PURC) has served notice that the Electricity Company of Ghana (ECG) may be on the verge of bankruptcy due to severe financial difficulties. In a letter addressed to the Presidency, the Energy and Finance Ministers, and

September 18, 2024September 17, 2024

Government Shortlists Two Bidders for Saglemi Housing Project

The government is nearing the completion of its search for a partner to revitalize the stalled Saglemi Housing Project. After a rigorous evaluation process, transaction advisors Deloitte Ghana have identified two preferred bidders who will now enter final negotiations. Initially, over

September 17, 2024September 17, 2024

Cultivating a Coffee Revolution in Ghana

In the lush hills of Ghana's Akuapem Ridge, a quiet revolution is brewing. Led by the visionary John Nana Addo Francois, Asili Coffee is spearheading a movement to transform the region's rural economy through coffee cultivation. Supported by the International Trade

September 17, 2024September 17, 2024

WTO Chief Okonjo-Iweala Seeks Second Term To Complete “Unfinished Business”

WTO Director General Ngozi Okonjo-Iweala will seek another four-year term as head of the World Trade Organization following a broad Africa-led push to start the process early, aiming to complete “unfinished business” from her first mandate. Okonjo-Iweala, 70, a former Nigerian

September 17, 2024September 17, 2024

Oil Prices Wobble: Rate Cut Hopes Offset by China’s Slowdown

Oil prices edged up slightly on Monday, anticipating a potential U.S. interest rate cut. However, the gains were capped by concerns about slowing economic growth in China, the world's top oil importer. Limited Gains: Brent crude futures rose marginally by 3

September 14, 2024September 14, 2024

NPA Announces Petroleum Price Floors For September 16 – 30, 2024

The National Petroleum Authority (NPA) has announced the ex-refinery and ex-pump price floors for the period of September 16 to 30, 2024. The price floors, which are the minimum prices at which petroleum products can be sold, are as follows: –

September 13, 2024September 13, 2024

Govt Releases GHS1.5bn To Bailout 2019 Security Investors

In a move aimed at providing financial relief to investors affected by the 2019 fund management industry license revocation, the government has announced the release of GHS1.5 billion to continue the bailout program. This amount is in addition to the GHS4.46

September 12, 2024September 12, 2024

PURC Warns Tamale Residents Against Counterfeit Electricity Meters

The Public Utility Regulatory Commission (PURC) has issued a stern warning to electricity consumers in Tamale, Northern Region, about the dangers of purchasing counterfeit electricity meters. Following reports of an increase in fake meters being sold in local markets, the PURC

September 10, 2024September 10, 2024

Banks Begin Charging Up $20 As Fees On Foreign Currency Accounts

Some commercial banks have begun reintroducing charges on foreign exchange accounts after they suspended these fees under regulatory pressure. A few banks have already communicated the decision via text message and email informing clients that the new charges have been effected.