Business

Finance Minister Dr Mohammed Amin Adam has engaged members of the Arab Coordination Group to support the Government’s growth strategy which targets an investment of $12 billion.   The Government, having successfully undergone both domestic and external debt restructuring and moved onto the path of economic recovery, seeks to have investments in key …

Latest data from the Ghana Statistical Service indicates that the Producer Price Inflation rate for June 2024 has increased to 25.9%, higher than the 23.6% recorded in May 2024. This rate indicates that between June 2023 and June 2024, the rate increased by 25.9 per cent. The increase represents a …

Ghana Hostels Limited has announced the room rates for the 2024/2025 academic year at the African Union, commonly known as Pent Hostel, at the University of Ghana. National students will pay GHC 6,663.30 per academic year for a room in the New Pent block and GHC 5,955.00 per academic year for …

Ghana’s Foreign Affairs and Regional Integration Minister, Shirley Ayorkor Botchwey, has announced that a new bill concerning the Ghana Boundary Commission is currently before Parliament. “The Parliament of Ghana is considering a new act that will enhance the capacity of the Ghana Boundary Commission to meet international best practices. Our region …

The Social Security and National Investment Trust (SSNIT) has announced that selling 60% of its shares in four hotels to a private investor was the only viable option to restore its financial stability. This decision comes amidst concerns about a change in management and controversies suggesting that SSNIT did not follow due …

The National Association of Sachet and Packaged Water Producers (NASPAWAP) has aligned with plastic manufacturers in urging the government to indefinitely suspend the recently imposed 5 per cent excise tax on finished plastics. The association warns that this tax would significantly burden consumers. In a statement, NASPAWAP highlighted the substantial …

The Bank of Ghana (BoG) has declined to disclose the complete cost of its new head office building to Mahama Ayariga, Member of Parliament for Bawku Central. In response to Ayariga’s request for detailed financial information regarding the construction project, the BoG redirected him to the Public Procurement Authority (PPA) for further clarification. Citing …

The former Trade Minister explained that because of the importation of clinker for the production of cement, whenever the Cedi falls against the Dollar, it automatically affects the prices of the commodity. Asked for his view on the introduction of the Legislative Instrument (L.I) by Trade Minister KT Hammond to …

Government successfully raised GHS 2.99 billion, exceeding its target of GHS 2.65 billion in a recent treasury bills auction, the Ghanaian. This achievement reflects a modest resurgence in demand for short-term government securities as interest rates remained steady across all tenors. At the auction, government saw strong interest in its …

The Chamber for Petroleum Consumers (COPEC) has projected a rise in fuel prices for the first pricing window of July 2024. According to COPEC, retail prices of petrol, diesel, and liquefied petroleum gas (LPG) are expected to increase across the country. This anticipated hike is attributed primarily to the further …