Business Archives - Page 16 of 55

November 7, 2024

Bawumia To Launch Credit Score System Today

Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP) is set to launch a national credit score system today, November 7, 2024. This pioneering initiative is expected to empower Ghanaians by enabling them to purchase goods on credit and

November 1, 2024November 1, 2024

Bank of Ghana Boosts Reserves to Stabilize Cedi Ahead of Festive Season

The Bank of Ghana (BoG) is strengthening its reserves to address the depreciation of the cedi against major foreign currencies, anticipating increased demand for foreign exchange with the festive season approaching. This initiative aims to provide reassurance to businesses and consumers,

October 28, 2024October 28, 2024

Urgent Call for Action to Tackle Africa’s Clean Cooking Crisis, Says ARDA President

Dr. Mustapha Abdul-Hamid, President of the African Refiners and Distributors Association (ARDA) and Chief Executive Officer of the National Petroleum Authority, has called for immediate action to tackle Africa's clean cooking crisis. He highlighted the urgent need for liquefied petroleum gas

October 28, 2024October 28, 2024

Ghana Secures $260 Million From World Bank To Address Energy Sector Losses and Inefficiencies

Ghana has secured a US$260 million agreement with the World Bank aimed at addressing the US$1.2 billion in losses and inefficiencies plaguing the energy sector. Under the Energy Sector Recovery Programme, the deal includes a US$250 million credit for metering procurement

October 24, 2024October 24, 2024

FDA Warns Against Galamsey Water Packaging

The Food and Drugs Authority (FDA) has warned against the packaging and distribution of products in sachets labelled as “galamsey water”. “The Food and Drugs Authority (FDA) expresses its deep concern regarding the packaging of a product in sachet labelled as

October 21, 2024October 21, 2024

GNPC Receives International Impact Award at 2024 Premier Energy Leadership Conference in Dubai

The Ghana National Petroleum Corporation (GNPC) was honored with the Energy With Purpose Award (CSR Impact Honour) at the inaugural Premier Energy Leadership Middle East & Africa Conference & Awards, held on October 17, 2024, at the Khoory Sky Garden Hotel

October 21, 2024October 21, 2024

Rural and Community Banks Embrace Digital Transformation to Enhance Financial Inclusion

In a significant step toward advancing financial intermediation, rural and community banks in Ghana have launched their digital banking platforms. This initiative has been made possible through the Financial Sector Development Project (FSDP), a collaboration between the Government of Ghana and

October 19, 2024October 18, 2024

Minerals Income and Investment Fund Injects $950m Into Economy

The Minerals Income and Investment Fund (MIIF) has contributed $950 million to the Ghanaian economy over the past 11 months. The fund also played a crucial role in the Gold for Oil program, providing approximately $626 million to Bulk Oil Distribution

October 19, 2024October 18, 2024

Norway to Support Ghana’s Renewable Energy Development

Norway has announced its commitment to assist Ghana in enhancing its renewable energy capacity, leveraging the private sector as a primary driver for this initiative. This renewed focus comes as Norway concludes its Oil for Development Programme, which aimed to aid

October 17, 2024October 17, 2024

VRA Senior Staff: Proposed Merger of PURC and Energy Commission Not in Ghana’s Best Interest

The Senior Staff Association of the Volta River Authority has accused the government of deliberate attempts to separate the VRA thermal assets for onward sale to private investors and faceless politicians with its proposed energy bills. The proposed bills seek to