Business

According to the Ghana Statistical Service, Ghana’s economy experienced a notable growth of 4.2 percent in the first quarter of 2023 when compared to the corresponding period in 2022. The key drivers of this GDP growth in the first quarter of 2023 were the sub-sectors of Public Administration, Defense & …

The Producer Price Inflation (PPI) went down by 4.0% in May 2023 to 30.3%, data from the Ghana Statistical Service revealed. The month-on-month change in the PPI between April 2023 and May 2023 was however -2.7%. The PPI in the industry-less construction sector decreased to 32.5% in May 2023, from …

The government has pledged to expand the Livelihood Empowerment against Poverty (LEAP) program to all 2.5 million extremely poor individuals by 2024. According to Finance Minister, Ken Ofori-Atta, this is in line with its tradition of compassion and care for the underprivileged. “We expect to strengthen social protection through increases …

The price of Liquefied Petroleum Gas (LPG) is expected to fall by about 7.0% from tomorrow, June 16, 2023. According to the LPG Marketers Association, the reduction will be caused by about a 10% drop in the prices of the commodity on the international market. Its Vice President, Gabriel Kumi, …

The Bank of Ghana has warned the public against dealing with some 97 unlicensed entities that advance loans to prospective clients through mobile apps. The central bank said in a statement that further to its notice number BG/GOV/SEC/2022/10 on Unlicensed Entities Engaged in Lending, it has observed the “persistent operation …

Like the Kumawu constituency in the Ashanti Region, which saw deplorable roads suddenly being repaired as a result of a by-election, roads in the Assin area of the Central Region, are about to see major upgrades also as a result of a by-election. Yesterday, Speaker of Parliament, Alban Bagbin, got …

 The Pensioner Bondholders Forum, who were deceived by the Finance Minister, Ken Ofori-Atta into ending their picketing recently, have served notice to resume their picketing at the Finance Ministry from tomorrow, Thursday, 1 June 2023. This is because the government failed to honour its latest promise to pay their matured …

The Ministry of Energy has a US$1.7 billion bill for a Floating Oil Production Storage Offloading (FPSO) vessel which the Norwegian company Aker Energy Ghana Limited, purchased for US$35 million as part of a Plan of Development (PoD) to the government of Ghana. “Even though Aker has sold their interest in Ghana, …

The Independent Power Producers, Distributors, and Bulk Consumers are threatening to cut power supply to the national grid by the end of June 2023 if the government fails to settle its debt. This could create a huge power shortfall as the IPPs control over 65% of the available thermal generation capacity in the …

Former President of Liberia and Former ECOWAS Chair, Ellen Johnson Sirleaf has urged African countries to prioritize the use of data in its policy making as she says it is critical to Africa’s development. “In Africa, the need for timely data has become increasingly important in recent years. With the …