Business Archives - Page 50 of 59

January 8, 2024January 8, 2024

Cedi To Depreciate 8.4% To Dollar In 2024; Mid-Dollar Rate To Hover At ¢13.10 – Report

The Ghana cedi is expected to lose about 8.4% in value to the US dollar in the retail market in 2024, IC Research has stated. It foresees the mid-dollar rate to the cedi at ¢13.10. The expected depreciation of the cedi

January 8, 2024January 8, 2024

SpaceX illegally Fired Workers, U.S. Labor Agency Says

Rocket and satellite maker SpaceX was accused on Wednesday (4 January) by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “distraction and embarrassment.” A regional official with the National

January 5, 2024January 5, 2024

GUTA Urges Government To Strengthen Economic Stability In 2024

The Ghana Union of Traders Association (GUTA) has urged the government to ensure that the economic stability gained in 2023 is made stronger in 2024. Joseph Obeng, president of GUTA, said would help make businesses buoyant and expand to employ more

January 5, 2024January 5, 2024

66% Of Ghanaians Use Mobile Money Weekly – KPMG Survey

Mobile money stands out as the predominant channel in Ghana’s payment landscape, with 66% of respondents reporting weekly usage, the 2023 KPMG West Africa Banking Industry Customer Survey has disclosed. Despite a substantial move towards digital channels, the country remains predominantly

January 3, 2024January 3, 2024

Ghana’s Inflation On Course To Outperform IMF’s Target For End-2023 – Report

Ghana’s year-on-year inflation is firmly on course to outperform the International Monetary Fund (IMF) target for end-2023 inflation, IC Research has stated. It pointed out that the November 2023 inflation (26.4%) print pulls headline inflation symmetrically within the 27.4% inner band

January 3, 2024January 3, 2024

EU Announces Additional €32m To Boost Domestic Vaccine Manufacturing Capacity

The European Union has announced an additional €32million toward strengthening the country’s ability to manufacture vaccines. The initiative, known as the ‘special measure’, aims at creating an enabling environment and thriving ecosystem to produce a skilled workforce for the domestic vaccine-production sector,

January 3, 2024January 3, 2024

Achieving Gender Equality Requires Amendment Of Laws And Policies – World Bank

The World Bank (WB) has said that gender equality is an urgent imperative hence should be achieved. The Bank explained that the world is experiencing an unprecedented set of crises with disproportionately negative impacts on women, girls, sexual and gender minorities,

December 31, 2023December 31, 2023

Media In Africa Urged To Own AfCFTA Agenda And Implementation

Top media personalities across Africa have called for the formation of a pan-African group of trade journalists who will champion the AfCFTA agenda as well as an African Chamber of Commerce led by individual countries. The group of journalists were of the

December 28, 2023December 28, 2023

Government, World Bank Reach Agreement To Halt Sole Sourcing Contracts In Energy Sector

The World Bank has reached an agreement with the government to halt sole sourcing for all new contracts in the energy sector. This is part of several reforms that it is helping the government to implement in the energy sector. The

December 28, 2023December 28, 2023

Low Sale Of Local Poultry: Farmers Blame Situation On Cheap Imported Frozen Chicken

The Poultry Farmers Association of Ghana has urged the Ministry of Food and Agriculture to do more to encourage the consumption of local poultry during festive seasons. The association is lamenting low sales as most consumers still prefer imported frozen chicken.