BUSINESS

For the month of October, price of petroleum products on the local market will remain unchanged. Although there could be a 1 per cent increase at the pump however, Oil Marketing Companies (OMCs), due to competition, will not pass on the cost to consumers, according to projections by the Chamber of Petroleum Consumers (COPEC). LEARN AND TRADE FOREX WITH GOLIGFX ...

Pressure group AriseGhana has said it holds the view that the illegal printing of money by the Bank of Ghana in the year 2021 and 2022 to the tune of GHS77 billion to finance the “recklessness of the corrupt Akufo-Addo/Bawumia/NPP government, in flagrant disregard of section 30 of the BoG Act (as amended), is the height of irresponsibility and must ...

The President of the Ghanaian ccommunity in Niger, Abudu Seidu, has called on the leaders of the Economic Community of West African States (ECOWAS) to lift the sanctions against Niger. According to him, the sanctions are affecting trade across borders. He cited onion traders whose wares are getting rotten. According to Abudu Seidu, Niger is a major market for onion ...

Ghana’s balance of payments is projected to shift into a surplus for the years 2023 and 2024, as indicated by Fitch Solutions. This comes after a substantial deficit of $4.6 billion in 2022, marking the first full-year capital and financial account shortfall in two decades. The deficit was attributed to escalating investor apprehensions about debt dynamics and tightening monetary conditions ...

African countries have been urged to leverage the African Continental Free Trade Area (AfCFTA) to break the shackles of colonialism, neocolonialism, and imperialism stifling economic growth. It must flee from the subtle recolonisation tactics being pursued through the “honeyed policy shackles” of the International Monetary Fund, World Bank and the United Nations (UN) dogma. Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo, ...

The Bank of Ghana has said the Public Procurement Authority (PPA) approved all its processes and documents before the commencement of the construction of its GHS250-million headquarters. According to the Head of Research at the Bank, Dr. Philip Abradu-Otoo, all the necessary approvals were obtained from the PPA. “We broke no procurement law”, Dr Abradu-Otoo insisted. Dr Abradu-Otoo indicated that ...

The Executive Director of the Chamber of Petroleum Consumers Ghana (COPEC) Duncan Amoah has said that the prices of fuel in Ghana are pointing upwards. Some oil marketing companies have increased the prices of petroleum products as the second pricing window of August has begun. LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE VIDEO BELOW: Goil has also increased the ...

Standard Chartered Bank Ghana PLC unveiled its annual 2023/2024 Road to Anfield Campaign in an event coinciding with a viewing party at the Labadi Beach Hotel on Sunday. The campaign, a long-standing collaboration with English Premier League (EPL) giants Liverpool FC (LFC), offers customers a chance to win an all-inclusive trip to Liverpool’s iconic Anfield Stadium, the revered home turf ...

A chartered economist Bernard Oduro Takyi has criticised Vice President Mahamadu Bawumia for the significant financial loss incurred by the Bank of Ghana (BoG). The central bank recorded a staggering loss of GHS60.8 billion, per the Auditor-General’s 2022 report, which is equivalent to $6 billion – twice the IMF bailout to Ghana – through what the minority caucus describes as ...

Justice For Ghana Covener Bernard Mornah has said Bank of Ghana Governor Ernest Addison has mismanaged the bank to the extent that the United States of America had to send down a representative to keep the operations of the banking sector regulator in check. Reacting to a comment by former GIMPA Rector Prof Stephen Adei, in which the former member ...