Business Archives - Page 5 of 39

September 3, 2024September 3, 2024

Volkswagen Considers Historic German Plant Closures In Cost Drive

Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals. Monday's move marks the first major clash between Chief Executive Oliver Blume, who analysts have

September 3, 2024September 3, 2024

Cheddar Unveils Economic Blueprint, Calls for Currency Printing Independence

Nana Kwame Bediako, also known as Cheddar and the leader of The New Force, has outlined an ambitious plan to revitalize Ghana's economy. In his newly launched manifesto, "12 Pillars For Economic Freedom," Cheddar proposed that Ghana should print its own

September 3, 2024September 3, 2024

Government Set To Raise Cocoa Farmgate Price By Nearly 45%, Sources Say

Government will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 crop season, two sources with knowledge of the price review told Reuters. This according to the sources aims to help boost their incomes and

September 2, 2024September 2, 2024

Fuel Price Reduction: Petrol Going For GH₵14.16, Diesel GH₵14.70 A Litre

Some oil marketing firms have started reducing prices of petroleum products at the pumps from today September 2, 2024. Market leader GOIL is selling at litre of petrol at GH₵14.16. This represents a 6 pesewas drop per liter and 0.42 percentage

September 2, 2024September 2, 2024

We’ll Create 8 Million Jobs In 10 Years – Cheddar

The Leader of the New Force Movement, Nana Kwame Bediako popularly called Cheddar has unveiled an ambitious plan to generate 8 million jobs over the next 10 years. This bold initiative aims to tackle unemployment and stimulate economic growth across the

August 30, 2024August 30, 2024

MTN Warns MoMo Users Against Weak PIN Codes

MTN Ghana has warned MoMo users against using their date of birth or mobile phone numbers as MoMo PIN codes, as these could easily expose them to fraud. This caution was issued during an anti-mobile money fraud campaign in Accra, which

August 30, 2024August 30, 2024

Ghana’s Debt Rises To GH¢761bn, Amin Adam Blames Cedi Depreciation

As of July 31, 2024, Ghana’s provisional nominal central government debt stood at GH¢761.1 billion, equivalent to US$51.1 billion, according to Finance Minister Dr. Mohammed Amin Adam. This figure marks a nominal increase from the previous amount of GH¢587.7 billion, which

August 30, 2024August 30, 2024

Government Releases GH₵700 Million to Unlock Frozen Funds

The Ghanaian government has announced the release of GH₵700 million to provide relief to individuals whose funds have been trapped in collapsed fund management companies. This is the first tranche of a GH₵1.5 billion allocation approved in the 2024 mid-year budget

August 27, 2024August 27, 2024

Government Allocates GH¢8bn Relief Package For Farmers Hit By Drought

The Finance Minister, Dr Mohammed Amin Adam, has announced that the government has set aside GH¢8 billion to provide relief and mitigative measures for farmers affected by the recent dry spell. Speaking on the crisis, he acknowledged that while the response

August 24, 2024August 24, 2024

Nduom Demands GH¢7.1bn From Govt For ‘Collapsing’ GN Bank

Dr. Papa Kwesi Nduom, the embattled founder of Groupe Nduom, has intensified his battle with the state, claiming a staggering GH¢7.1 billion debt, including accrued interest. This latest development follows a long-standing dispute between Nduom and the government, which dates back