Business Archives - Page 19 of 51

August 5, 2024August 5, 2024

Cocoa Farmers to Receive GH₵ 41,288,689 As Premium For 2023/24 Crop Season

The Ghana Cocoa Board in collaboration with its partners, Touton-SA and Eliho Ghana Limited, are set to distribute an amount of GH₵ 41,288,689 as payment of premiums to cocoa farmers for the year 2023/24 crop season. The amount is expected to

August 3, 2024August 3, 2024

There Is Low Risk Of Fiscal Slippages Ahead Of December Elections – Fitch

UK-based Fitch Ratings has stated that there is a low risk of policy slippage in the lead-up to the December 2024 elections in Ghana, given the government's strong commitment to the International Monetary Fund programme. However, it pointed out that there

August 2, 2024August 2, 2024

Fuel Prices Drop By 2%; Petrol Going For ₵14.2, Diesel ₵13.65 A litre

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products in line with expected adjustments at the pumps. Star Oil has taken the lead, selling a litre of petrol for ₵13.65 from its old price of ₵13.93. This represents

August 2, 2024August 2, 2024

Gold Exports To Hit US$10bn By 2024 Ending – Minerals Commission CEO

Gold exports jumped to a record in the first half of 2024. According to the Chief Executive Officer of the Minerals Commission Mr Martin Ayisi, out of the total exports of US$9.2 billion for the first half of 2024, gold alone

August 2, 2024August 2, 2024

Govt To Lease Komenda Sugar Factory For 15 To 20 Years

The government is set to lease Komenda Sugar Development Company Limited to an Indian-based firm, West Africa Agro Limited for a renewable term of 15 to 20 years. Minister of Trade and Industry K.T. Hammond states that this initiative aims to

August 1, 2024August 1, 2024

Ghana Gas To Shut Down Processing Plants For Maintenance

The Ghana National Gas Company (Ghana Gas) has announced a shutdown of its Processing Plant and Offshore Gas Export Facilities from Thursday, August 1 for maintenance. The exercise, scheduled to end on Saturday, August 17, aims to enhance the plant’s operational

July 30, 2024July 30, 2024

GACL, ECG, Eight Other State Institutions Owe GRA Over GH¢1bn In Taxes

Ten state institutions including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG) owe the Ghana Revenue Authority (GRA) over GH¢1 billion in taxes. This was revealed during an engagement at the public accounts committee sitting on

July 30, 2024July 30, 2024

Oppong Nkrumah Says Government Is Committed To Improving Ghana’s Housing Sector

Kojo Oppong Nkrumah, Minister of Works and Housing, outlined his strategic vision and leadership approach in an exclusive “Sunday Night,” interview. The discussion provided insights into his priorities and challenges as he works to address the country’s housing and infrastructure needs.

July 29, 2024July 29, 2024

Central Bank Maintains Policy Rate At 29% For Third Consecutive Time

In a notable display of stability and strategic economic foresight, the Bank of Ghana (BoG) has opted to retain the policy rate at 29%, as reiterated by the Monetary Policy Committee (MPC) under the astute leadership of Governor Dr. Ernest Addison.

July 27, 2024July 27, 2024

We Didn’t Incur Losses Because Of New Head Office Project – BoG

The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of 10.50 billion cedis in 2023. The Central Bank despite the losses paid $82 million to contractors for the project