Business Archives - Page 4 of 39

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.

September 7, 2024September 6, 2024

Ghanaian Trucks Released After Detention in Burkina Faso

The Ghana Shippers’ Authority (GSA), with support from the Ministry of Transport, has successfully secured the release of six Ghanaian cargo trucks detained at the Dakola border in Burkina Faso. The trucks were initially detained by Burkinabe Customs in April 2024

September 4, 2024September 4, 2024

Parliament Greenlights $250m World Bank Loan for Energy Sector

Parliament has approved a $250 million loan agreement from the World Bank to support the Ghana Energy Sector Recovery Programme. The facility, which was previously disapproved before the parliamentary recess, was a key reason for the recall of Parliament for a

September 4, 2024September 4, 2024

ECG MD REFUTES CLAIMS OF OVERCHARGING CUSTOMERS AS IT REPLACES OBSOLETE METRES

The Electricity Company of Ghana (ECG) has dismissed allegations that the ongoing installation of new prepaid metres is an attempt to overcharge customers. According to the company, these new metres are designed to accurately reflect energy consumption levels, and customers should