Business Archives - Page 25 of 41

February 28, 2024February 28, 2024

BoG Revises Balance, Transaction Limits Of Mobile Money Wallets Upwards, Starting March 1

The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends

February 28, 2024February 28, 2024

PURC Announces Reduction In Electricity Tariff For Residential Consumer

In its first-quarter tariff review decision, the Public Utilities Regulatory Commission (PURC) has announced a marginal reduction in electricity tariffs for residential consumers. However, there will be no change in prices paid by lifeline consumers and residential consumers within the consumption

February 23, 2024February 23, 2024

28 Developing Countries Including Ghana Remain Stuck In Debt Trap – World Bank

The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap with no hope of escape anytime soon. According to the Bretton Wood institution, their average debt-to-Gross Domestic

February 23, 2024February 23, 2024

Digital Industry Players Must Shape Digital Landscape in Africa – Minister

Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has called on stakeholders in the digital industry to mobilise their efforts to shape the future of the digital landscape of Ghana and Africa as whole. She said: “We are at a crucial point

February 23, 2024February 23, 2024

Ghana’s Inflation Rate Almost 3 Times That Of Ivory Coast, Togo, And Burkina Faso Combined

Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise. It hits 23.5%, making it one of the Sub-Saharan African countries experiencing the highest inflation with its current rate being almost 3 times the

February 21, 2024February 21, 2024

Over 1400 Institutions, Individuals Secure Accreditation From Cybersecurity Authority

The Cybersecurity Authority (CSA) has revealed that approximately 1,400 individuals and businesses in Ghana have secured accreditation since the implementation of the cybersecurity regulatory regime in March 2023. In a statement released on February 20, 2024, CSA indicated that, as of

February 21, 2024February 21, 2024

Government Will Secure 100 Electric Buses For “Tap and Go” Metro Mass Transit, Says Bawumia

Vice-President Mahamudu Bawumia says the government will order 100 electric buses for Metro Mass Transit Ltd by the end of this year. The order is intended to introduce e-vehicles to the public transport system in Ghana, to be integrated with the “Tap and Go”

February 20, 2024February 20, 2024

Persons Behind $12m Agyapa Deal Won’t Go Unpunished In Next NDC Govt – Sammy Gyamfi

The National Democratic Congress (NDC) has vowed to prosecute government officials and persons involved in the controversial $12 million expenditure on the suspended Gold Royalties Monetisation Transaction arrangement, popularly referred to as the ‘Agyapa deal’, if it emerges victorious in the

February 20, 2024February 20, 2024

Fraud Alert: ECG Cautions Clients Against MoMo Fraudsters

The Electricity Company of Ghana (ECG), has advised customers to only transact business with the power distribution company through its PowerApp, shortcode *226# and its offices. It warned that customers should not heed payment requests for services such as meter replacement,

February 19, 2024February 19, 2024

Bawumia: “Tap and Go” Transport Initiative Will Reduce Corruption

Vice-President Mahamudu Bawumia says he is optimistic the rollout of the ‘Tap and Go” transport initiative will help address the menace of corruption within the state intercity and intracity transport companies. Similar to the popular Oyster Card used in the United Kingdom, “Tap and Go” is a