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Cement price shoots up to ¢73

The price for a 50kg bag of cement has been increased by manufacturers effective August 30. Checks by JOYBUSINESS showed all the major manufacturers have...

600 GTP workers asked to proceed on leave

Some workers of the Ghana Textiles Printing Company Limited (GTP) in Tema have been asked to proceed on leave following shortage in the supply...

ECG’s important message to Ghanaians as new tariff takes effect from September 1

The Electricity Company Ghana (ECG) has assured customers and stakeholders of its commitment to ensure a smooth implementation of the new tariff effective September...

Bank of Ghana to boost reserves by $500m

The Bank of Ghana (BoG) is confident of boosting its reserves by half a billion US dollars from miners, oil and gas-producing firms and...

5G plan worth $25bn launched

Indian multi-billionaire Mukesh Ambani has announced a $25bn (£21.3bn) plan to launch 5G mobile internet services in the country within two months. Mr Ambani, who...

SIM card re-registration falls by 98% after extension of deadline

Data from the Ghana Chamber of Telecommunications has shown that the number of subscribers undertaking the SIM re-registration exercise saw a significant drop after...

Petrol-only vehicle sales to be banned by 2035

California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state's attempts to tackle climate change. The...

We’re ready to help stabilise Ghana’s economy – IMF boss

The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put...

World Bank explains why cedi keeps falling and US dollar keeps winning

The US dollar is on a tear, strengthening around 11% since the start of the year and – for the first time in two...

Why Ghana went from hero to zero for investors

Ghana is learning the hard way why oil can be a blessing and a curse. The onset of commercial crude production helped turn the West...

Anglogold Ashanti holds symposium on 10-year socio-economic development plan

AngloGold Ashanti Obuasi Mine on Wednesday, August 24, held a Development Partnership Symposium for the Implementation of its 10-Year Socio-Economic Development Plan (SEDP) in...

Banks also going through tough times – John Awuah

The Chief Executive Officer of the Ghana Association of Bankers (GAB), John Awuah, says the Banks are having a fair share of the pressures of...

Cedi depreciation: GUTA rescinds decision to close down shops

Members of the trading community have agreed to rescind a decision to close down their shops in protest over the depreciating cedi against the...

NPA confiscates smuggled petroleum products in Ketu South and North

The Volta Regional branch of the National Petroleum Authority (NPA) has confiscated some petroleum products believed to be smuggled into the country. The swoop was...

E-levy: Govt rakes in less than 7% of target

Fresh data from the Finance Ministry has shown a significant shortfall in revenue from the controversial electronic transfer levy. The data released in the last...

BoG dollar auction: Demand exceeds supply by $84.5m

Demand for dollars by dealers outstripped supply by $84.5 million, latest data from the Bank of Ghana has revealed. This is a reduction of the...

Play station sued over rip off games

Sony PlayStation is being sued for £5bn in the UK over allegations it "ripped off its customers" with overpriced games and in-game purchases. The group...

School and work hours cut to save power

Bangladesh will close schools for one more day each week and reduce office hours to ease an electricity shortage, a government official says. Last month,...

Ghana bags $21.9m from coconut export in 2021

Ghana’s exports of Desiccated Coconut to the world recorded a significant jump of 249% in value in 2021 compared to the previous year. According to...

Elon Musk summons Twitter founder in court battle

Elon Musk has launched legal action to summon Twitter co-founder Jack Dorsey to appear in court as part of his legal battle with the...

Usain Bolt moves to trademark victory pose

Athletics icon Usain Bolt has moved to trademark a logo showing his signature victory celebration pose. The retired Jamaican sprinter submitted an application in the...

Caveman watches teams up with Kobby Kyei to impact communities

Caveman Watches, a Ghanaian-owned and internationally recognised watch brand, has appointed Ghanaian blogger Kobby Kyei to lead the brand's socially impactful projects. Speaking about the...

Akufo-Addo downplays claims that mismanagement of economy led to IMF bailout

President Nana Akufo-Addo has downplayed claims that his government’s mismanagement of the economy is the reason Ghana is seeking support from the International Monetary...

GUTA to close shops on August 29 over rapid cedi depreciation

Members of the Ghana Union of Traders Association (GUTA) say they will close down all their shops on Monday, August 29, to demonstrate against...

US economist jabs Bawumia over Ghana’s economic woes

A professor of applied economics at Johns Hopkins University has accused the Vice President, Dr Mahamudu Bawumia, of playing blame games with Ghana’s economic...

Special Prosecutor investigates vehicle auctions, others by Customs from July 2016 till date

The Office of the Special Prosecutor (OSP) is embarking on a full-scale probe of some activities at the Customs Division of the Ghana Revenue...

BoG cautions public against 19 entities engaged in loan services without license

The Bank of Ghana is cautioning the public against unlicensed entities engaged in the provision of loans to consumers, in contravention of the Banks...

Licensed forex bureaus not complying with foreign exchange law to be closed down

The Bank of Ghana has indicated it will soon close down licensed forex bureaus that are not complying with the foreign exchange law.  Officials of...

betPawa sets up Responsible Gaming Call Center for Gaming Commission  

Leading online betting and gaming company betPawa has provided IT equipment to the Gaming Commission of Ghana for the creation of a Responsible Gaming...

BoG Governor must assert independence or resign – Minority

The Minority in Parliament has asked the Governor of the Bank of Ghana (BoG), Ernest Addison to assert his independence and credibility. In a release...

Cedi hits ¢10 to a dollar; BoG measures may halt depreciation in short-term

The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 15th, 2022. At the same time,...

Govt must announce further cuts in expenditure – Dr Kwabena Duffuor

Former Finance Minister, Dr Kwabena Duffuor, says government must announce further cuts on planned expenditure. According to him, this is one of the surest ways...

NCA grants licence for operation of MSMPUSHER

The National Communications Authority (NCA) has granted a licence for the operation of a cloud-based marketing platform, MSMPUSHER. NCA's licence is to allow MSMPUSHER...

US and Taiwan announce formal trade negotiations

The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi. The...

MTN gifts 2-bedroom house to woman in first MoMo TV commercial

The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN's Mobile Money (MoMo) has been gifted a...

Aker Energy halts Ghana oilfield devt over involvement of Russian firm

Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in...

BoG increases policy rate to 22%; cost of borrowing to shoot up significantly

The Bank of Ghana has increased the policy rate by 300 basis points to 22%, after an Emergency Monetary Policy Committee meeting today, August...

Papa Kwesi Nduom fills eyes of Ghanaians with tears

Chief Executive of Groupe Nduom, Dr Papa Kwesi Nduom, has left social media users in tears with his latest post on his grace to...

UK to receive shipment of Australian gas

The United Kingdom (UK) is expected to take delivery of a shipment of gas all the way from Australia next week, as the pressure...

Increase in tariffs will affect our businesses – Ghana Hotels Association

A member of Ghana Hotels Association, Denzel Kwesi Humpreys, has said that the hotel business will be affected adversely by the increase in water...