Shops in Accra are closing from Wednesday, October 19 as traders start a three-day action to register displeasure at the current economic conditions.
The Ghana Union of Traders Association (GUTA) directed all its members to close down shops in Accra.
They are protesting...
Ghana’s cedi slumped to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital to the west African country before a deal with the International Monetary Fund.
The currency of the world’s second-biggest cocoa producer depreciated...
Ghana’s central bank raised its benchmark interest rate to the highest level in more than five years to curb inflation that’s expected to remain elevated.
The monetary policy committee lifted the cost of borrowing by 250 basis points to 24.5%,...
About 94% representing (about ¢3.7bn) of the ¢3.9 billion Tier 2 pension contributions placed in government securities may be affected by a probable Debt Restructuring Programme.
A debt restructuring will mean the yield-to-maturity of government bonds and bills will be...
The National Petroleum Authority (NPA) has fined nine oil marketing companies GH¢2.22 million for engaging in illicit Third-Party trading of petroleum products, and unlawful lifting of petroleum products.
The companies include Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety...
The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like a recession for millions around the world.
Aside from the global financial crisis...
The dollar has hit the ¢11 to $1 mark as some forex bureaus in parts of Accra are selling a dollar at an average of ¢11.2 on Saturday, October 8, 2022.
Checks by Joy Business indicate that the demand for...
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 African nation into one of the continent’s hottest investment destinations, but also prompted successive...
Ranking Member on Parliament’s Trades Committee, Murtala Mohammed, says the Bank of Ghana (BoG) cannot be blamed for the harsh economic situation the country is plagued with.
According to him, the Akufo-Addo administration must be blamed for the current crisis.
He...
Ghana’s Presidency has announced that 82,000 jobs have been created out of the Community Mining Scheme (CMS).
Out of this number, 60,000 direct jobs and 22,800 indirect jobs have been created, the seat of government, the Jubilee House, further stated.
In a...
