Business
Stories in this category
“Minimum wage no longer realistic” amid rising living costs – researcher
Ghana should begin transitioning from a minimum wage framework to a “living wage” model as rising costs continue to outstrip incomes, according to a new cost of living report. Smart Sarpong, Director of Research and Innovation at Kumasi Technical University, said current wage structures no longer reflect economic reali...
CMC MD courts global investors in London to back President Mahama’s cocoa sector reforms
In a bold and strategic appearance before some of the world’s most influential cocoa traders, commodity financiers, and processing industry executives, the Managing Director of Ghana’s Cocoa Marketing Company (CMC), Dr Wisdom Kofi Dogbey took centre stage at the London Stock Exchange on Wednesday, making a forceful and...
Prudential Bank clears bills for children at Tema General Hospital
Prudential Bank Ltd has turned its Mother’s Day celebration into a lasting act of kindness by clearing the medical bills of patients at the Children’s Ward of the Tema General Hospital. Speaking to the press, the Head of Human Resources, Lilian Antwiwaa Asante, said the visit was inspired by the nurturing spirit associ...
Price of diesel set to go down marginally from April 16, petrol to rise by almost 2%
Data from the Chamber of Oil Marketing Companies, released on April 15, shows that diesel is likely to drop by almost 4 percent and could see a litre selling at around GH¢18.50.
Why fuel prices haven’t fallen yet despite falling global oil prices
Fuel prices in Ghana are once again caught between global oil swings and the structure of domestic pricing. Crude markets have eased, but pump prices have not yet caught up. Earlier in the year, before tensions between Iran, Israel and the United States escalated, Ghanaian consumers were briefly seeing relief. Petrol w...
Oil, war and the limits of monetary policy
It rarely begins as a monetary story. A conflict erupts. Tanker routes become uncertain. Insurance costs jump. A few shipments are delayed, then withheld. Prices start to move, not gradually, but abruptly. And before long, inflation follows. The current confrontation involving the United States, Israel, and Iran is unf...
Publican AI system is speeding up trade, not slowing it — GRA Boss
The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Sarpong, has rejected claims that the new Publican AI system is slowing down trade at the country’s ports, insisting instead that it is improving efficiency. Speaking on Joy FM Super Morning Show, Mr Sarpong said the system has significantly reduced...
Bond market: Turnover rebounds strongly rising by 319% to GH¢2.34bn
Trading activity remained concentrated in the front-to-belly of the curve, with the 2031-2034 maturities accounting for 56.34% of total turnover. This cleared at a weighted-average yield of 12.53%.
Ghana’s economic turnaround: A new era for investment and partnerships
A new economic direction for Ghana In January 2025, when President John Dramani Mahama assumed office, Ghana’s economy was emerging from one of the most difficult periods in its recent history. Inflation was high, the currency had been volatile, and public finances were under pressure. Businesses and investors were wat...
Government signs key gas expansion agreement to boost Ghana’s energy security
The Government of Ghana has signed a major term sheet agreement with Eni Ghana E&P, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation to advance plans for the expansion of domestic gas production under the Offshore Cape Three Points (OCTP) project. The agreement was signed on behalf of the gove...
Temporary suspension of momo accounts to enhance security – MobileMoney Ltd explains
MobileMoney Fintech LTD has announced that it is conducting routine checks on its MoMo Agent platform, leading to a temporary suspension of the SIM of some mobile money customers. This, the company explained is part of ongoing efforts to maintain platform security and meet regulatory requirements. “As part of these ver...
Minority claims gov’t achieved fiscal surplus by compressing expenditure
The Minority in Parliament has argued that the government’s reported fiscal surplus for 2025 was achieved primarily through reduced public spending rather than improved revenue collection. Speaking at a press briefing on Wednesday, July 22, Chairman of the NPP’s Policy Co-ordination Committee, Kojo Oppong Nkrumah, said...