HomeBusinessBusiness

Business

Alex Mould hints of fuel shortage

A former Chief Executive Officer of National Petroleum Authority, Alex Mould, has hinted of fuel shortage in the country if government does not intervene...

Johnson and Johnson to stop selling talcum powder

Johnson & Johnson (J&J) will stop making and selling its talc-based baby powder around the world from next year.The announcement comes more than two...

Govt’s industrialisation agenda not feasible without stable cedi – Manufacturers

Government’s industrialisation agenda is likely to face a number of challenges if issues confronting the cedi is not addressed.According to the Business Development Manager...

Prices of foodstuff will not go down despite harvest season – GSS

The Ghana Statistical Service (GSS) doubts the country’s inflation will witness a decline anytime soon as figures peg the inflation rate at 31.7 per...

Musk sells Tesla shares as Twitter lawsuit looms

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).The sales took place after the...

MTN MoMo set to accelerate growth in digital payments through partnerships

MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...

Inflation hits 31.7% in July

Ghana's consumer inflation accelerated to 31.7% annually in July from 29.8% in June, the Ghana Statistical Service announced Wednesday.The development means the inflation rate...

Labianca case: Special Prosecutor got it all wrong – Chamber of Freight and Trade

The Chamber of Freight and Trade (CFT) has decried what it calls an attempt by the Office of the Special Prosecutor (OSP) to link...

Fitch downgrades Ghana’s rating to ‘CCC’

Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘.The downgrade, it said, reflects deterioration of Ghana’s...

Domino’s pulls out of the birthplace of pizza

Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, reports say.Franchise...

1D1F: Akufo-Addo inspects GH¢9.2 million Yam/Cassava factory at Bimbilla

President Nana Addo Dankwa Akufo-Addo, on Tuesday, 9th August 2022, visited Global Almas Processing Limited, a yam and cassava processing factory located at Bimbilla,...

MTN MoMo set to accelerate growth in digital payments through partnerships

MobileMoney Limited (MTN MoMo) has officially launched this year’s MoMo Month celebrations in Accra, Kumasi and Mankessim to highlight the importance of partnerships to...

Mahama calls for national economic dialogue over CCC+C downgrade

Former President John Mahama has called for a national dialogue to help salvage Ghana's ailing economy.Mr Mahama believes the national platform will bring together...

Cement prices set to hit ¢68 per 50 kilo

Cement prices are expected to be increased from next week.JOYBUSINESS is learning that the wholesale price of 50 Kilo Bag is expected to hit...

Gold Coast Refinery receives international certification

Gold Coast Refinery Limited has been certified to the Code of Practices of the Responsible Jewelry Council (RJC).It thus becomes the first gold refinery...

Tata motors to buy Ford car making plant in India

Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m).The deal comes...

Cedi depreciation getting out of hand – GUTA cries

The Ghana Union of Traders Association (GUTA) has raised an alarm over plummeting cedi value and its effect on businesses.In a statement, GUTA stated...

KGL Group partners Asamoah Gyan Foundation to inspire next generation

KGL Group, a wholly owned Ghanaian entity with subsidiaries operating across digital solutions, innovations, Fintech, and Logistics has partnered with the Asamoah Gyan Foundation...

GIADEC makes significant progress towards developing an Integrated Aluminium Industry

Ghana’s first President, Kwame Nkrumah, had a vision to industrialise Ghana’s economy and identified the Integrated Aluminium Industry (IAI) as a good starting point....

Fuel tanker drivers call off week-long strike

Fuel tanker drivers have called off their industrial action across the country.The group including other allied associations decided to go back to work after...

How tanker tracking devices have forced drivers to go on strike [Listen]

JoyNews/AdomNews · How tanker tracking devices have forced drivers to go on strikeMembers of the Gas Tanker Drivers and Petrol Tanker Unions have declared...

Uber drivers at record high as people seek more cash

The number of people driving for Uber has hit an all time high, as concerns about the rising cost of living push people to...

23% staff cut off as crypto market dives

Trading platform Robinhood is cutting nearly a quarter of its staff due to high inflation and the falling cryptocurrency market.The company said the economic...

Parliamentary committee to push for tax waivers for local printers

The Parliamentary Select Committee on Education has promised to make a strong case for the removal of import duties on raw materials for the...

Telecel to re-engage government over Vodafone Ghana takeover

African Focus Telecom Company, Telecel has indicated that it will re-engage the Government of Ghana over its takeover bid for Vodafone Ghana’s operations.This is...

AMA commissions 665 market sheds at Makola

The Mayor of Accra, Elizabeth Kwatsoe Tawiah Sackey, has commissioned a refurbished shed at the 31st Makola market.The rehabilitation of the dilapidated structure, which began...

Asia’s richest men battling to dominate 5G in India

India's largest auction for 5G airwaves has ended after seven days, potentially setting the stage for a battle of supremacy over India's digital future...

E-VAT policy approved; government projects ¢750m in revenue

The government is aiming to raise ¢750 million after the Value Added Tax Amendment bill, which implements the E-VAT policy, was approved.The reviewed tax...

Ghanaians react to Caveman’s ‘Erotica Watch’  billboard

Caveman Watches, a Ghanaian-owned, globally endorsed watch brand, has got Ghanaians talking with one of its many creative timepieces, the "Caveman Erotica’.The innovative timepiece"Caveman...

T-bills oversubscribed by 92% due to high interest rates

Government Treasury Bills were oversubscribed by about 92% for the 4th week running, as a result of the high-interest rates prevailing in the country.According...

SIM re-registration: Mobile Money Agents Association makes fresh appeal

Mobile Money Agents Association has called on the government to involve them in the SIM re-registration process.Speaking on The Probe on JoyNews, the Public...

LPG Marketers Association join tanker drivers; declares indefinite strike  

Liquefied Petroleum Gas (LPG) Marketing Association of Ghana has joined the sit-down strike declared by the Ghana National Petroleum Tanker Drivers Union.The move, they...

BOST reacts to Minority’s allegation on office construction cost

The Bulk Oil Storage and Transportation Company (BOST) has rejected allegations by the Minority that government has inflated the cost of its new office...

Apple and Amazon sales up despite rising pricing

Amazon and Apple posted better than expected sales, reassuring investors that the tech giants will be able to weather slowdowns in global economies.Amazon forecast...

Instagram U-turns on TikTok-style revamp

Instagram says it is pausing a rollout of new features on its app following backlash online from users, influencers and celebrities.Among the new features...

SIM card re-registration: Extend exercise to January 2023 – MoMo agents to govt 

The Mobile Money Agents Association of Ghana has pleaded with government to extend the deadline for the SIM card re-registration exercise.According to them, the...

Scrapping E-levy is a ‘no-no’ – Ken Ofori-Atta

Finance Minister, Ken Ofori-Atta, says the government is not willing to scrap the e-levy.According to him, taking into consideration the rapid digitalization of the...

US economy shrinks, sparks recession fears

The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession.That...

China signals it could miss economic growth target

China has signalled that it may miss its annual economic growth target, as Covid restrictions weigh on the world's second largest economy.On Thursday, the...

Govt inflates new BOST office construction by 100% – Minority alleges

The Minority in Parliament has alleged that government has padded the contract sum meant for an office space for the Bulk Oil Storage and...