Business Archives - Page 29 of 45

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

February 19, 2024February 19, 2024

30% Of Africa’s Sovereign Reserves Should Be Invested Locally – Akufo-Addo

President Akufo-Addo has called on African Heads of State and governments to consider taking a collective decision to invest up to thirty percent (30%) of their foreign sovereign reserves in African financial institutions to boost their balance sheets and their ability

February 17, 2024February 17, 2024

‘IMF Programme On Track’ – Dr. Mohammed Amin Adam

The newly appointed Finance Minister, Dr. Mohammed Amin Adam has assured the International Monetary Fund (IMF) and the business community that the Fund programme is on track. According to him, he will work to ensure that the programme does not suffer

February 17, 2024February 17, 2024

Bank Of Ghana Re-affirms Anti-Money Laundering Regime

The Bank of Ghana (BoG) has reiterated its commitment to address major gaps in the financial ecosystem of the country. This is to ensure the country does not return to the EU and UK’s list of high-risk money laundering and terrorism

February 15, 2024February 15, 2024

ECG Blames 80% Of GHS1.9bn Losses On Cedi Depreciation

The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has attributed approximately 80 percent of the company's financial losses to the depreciation of the Ghanaian Cedi. According to the Auditor General’s report, state power distributors generated a