BUSINESS NEWS

Commuters in Accra have called on the government to direct commercial drivers to reduce passenger intake to enhance the observation of social distancing in vehicles. That, they said, had become necessary to contain the second wave of covid-19, in view of the increasing number of cases being recorded daily. In …

Amid the second wave of the coronavirus pandemic, policy makers currently face uncertainties on how the economy will respond, Director of Research and a member of the Monetary Policy Committee of the Bank of Ghana, Philip Abradu-Otoo, has said. Although the country’s economic growth has been projected by international ratings agency …

Business owners and corporate managers in Ghana are in a state of palpable unease in reaction to the warning delivered in a nationwide television address by President Akufo-Addo that Ghana may return to partial lockdown if the country’s Coronavirus situation continues to deteriorate. By the end of last week, the …

The Government of Ghana has set a new deadline of May 2022 for the unification of the Sankofa and the Afina oilfields, the former already being operated since 2017 by ENI and the latter discovered in 2019 by Springfield, but still awaiting a Plan of Development. However, government’s insistence on …

The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has issued guarantee cover for loans of about GH¢66 million given by financial institutions to agribusinesses. This was made known by Ken Ofori -Atta, the President’s nominee for Minister of Finance, in a speech read on his behalf by the former …

The Ghana Chamber of Telecommunications has increased its calls for the removal of the law that establishes a charge of 19 cents per minute on inbound international calls on telecommunication companies. According to the Head of Research and Communications at the Chamber, Derek Laryea, the law imposed is hampering the …

Nobody is suffering more from a global chocolate standoff than the Ivory Coast cocoa farmer. Less than two years after the top cocoa producer teamed up with neighboring Ghana to force companies from Hershey Co. to Nestle SA to pay more for their beans, the attempt to exert control over …

The Producer Price Inflation (PPI) rate for December 2020 was 7 percent, the Ghana Statistical Service (GSS) has said on Wednesday, January 20, 2021. This rate, according to the GSS, indicates that between December 2019 and December 2020 (year-on-year), the PPI increased by 7.0 percent. This rate represents a 1.1 …

Ghana’s Petroleum sector recorded -4% producer inflation in December last year, the Ghana Statistical Service (GSS) has announced on Wednesday, January 20, 2021. The GSS explained that “The producer inflation rate in the petroleum sub-sector was 8.2 percent in December 2019. “The rate increased to record 20.6 percent in January …

Residents at Krofrom in the Kumasi Metropolitan Assembly (KMA) are living in fear as they complain of continuous invasion of thieves and criminals at the abandoned Krofrom market. Abandoned and dejected for over 14 years, the Krofrom market was supposed to serve as a peripheral facility to reduce congestion at …