Business
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Nkoko Nkitinkiti: Review first phase before launching the second – Gov’t told
The Ranking Member on Parliament’s Food, Agriculture and Cocoa Affairs Committee, Dr Isaac Yaw Opoku, has urged the government to conduct a comprehensive review of the first phase of the Nkoko Nkitinkiti programme before proceeding with its second phase. According to him, the Ministry of Food and Agriculture must take...
BoG policy rate hold confirms inflation to trend upwards – IC Insights
IC Insights, a leading research firm, has stated that the Bank of Ghana’s latest policy rate hold confirms its longstanding view that inflation is set to commence an upward trend above 6.0%. However, it pointed out that the continued fiscal discipline, relative exchange rate stability, and lower Value Added Tax (VAT) r...
BoG pulls the plug on unregulated crypto forex channels
The Bank of Ghana (BoG) has hit regulated financial institutions with an uncompromising directive to instantly sever all ties with cryptocurrency platforms operating illicit foreign currency wallets within the country.
Tema Shipyard to resume full operations after flood disruption
The state-owned PSC Tema Shipyard and Dry Dock Company Limited says it will resume full operations by Wednesday, July 8, following a temporary disruption caused by flooding at its pump house on June 29. Management has assured shipowners and industry stakeholders that the incident will not derail the company’s long-term...
“Government still has room to buffer Ghanaians” — ASEC on fuel prices
The Executive Director of the Africa Sustainable Energy Centre (ASEC), Justice Ohene Akoto, has urged the government to remove selected fuel taxes and levies to reduce the burden of rising petroleum prices on consumers. Speaking on the Asaase Breakfast Show on Wednesday (15 July), Akoto said although global oil prices...
Government seeks investors to restore VALCO’s lost production capacity
The government has begun moves to attract strategic investors to help restore the operations of the Volta Aluminium Company (VALCO), following years of financial and operational difficulties that have reduced the company’s production capacity. The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, said...
SSNIT launches Membership Value Programme to offer contributors benefits beyond pensions
The programme introduces the SSNIT MVP Prepaid Card, which serves as both a membership identification card and a Visa-enabled prepaid card that can be used for transactions both locally and internationally.
Revenue shortfalls forcing government to borrow – Gideon Boako
The Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, says persistent revenue shortfalls are compelling government to borrow to finance critical national programmes, including education. Speaking in Parliament on Tuesday, the Tano North MP argued that weak revenue performance has undermined gove...
Ghana Exim Bank joins UN Global Compact to deepen commitment to sustainable finance and responsible business
The Ghana Export-Import Bank (Ghana Exim Bank) has officially joined the United Nations Global Compact (UNGC), becoming part of the world's largest corporate sustainability initiative in a move that reinforces its commitment to responsible banking, sustainable finance and ethical corporate governance.
Joy Business and Super Morning Show host high-level roundtable on Ghana’s poultry industry on Tomorrow
Can Ghana feed itself? That is the question policymakers, industry leaders, researchers and financiers will seek to answer tomorrow, when Joy Business and the Super Morning Show host a high-level thought leadership roundtable under the theme: “Can Ghana Feed Itself? The Future of Poultry Beyond Nkoko Nketenkete.” Ghana...
Cedi slides again as dollar demand outpaces supply, depreciation hits 8.89%
The Ghana cedi has come under renewed pressure as demand for foreign exchange continues to outstrip market supply, pushing the local currency into further depreciation. Data gathered by JOYBUSINESS from some major commercial banks shows sustained pressure on the cedi over the past two weeks, with businesses seeking mor...
T-bills: Gov’t records 23% oversubscription, but interest rates continue to rise
The government recorded a 23.4% oversubscription of the treasury bills auction, as investors continue to demand more compensation. According to auction results by the Bank of Ghana, investors bought T-bills worth a little over GH¢4 billion, as against a target of GH¢3.37 billion. The government, however, accepted about...