BUSINESS

A Court of Appeal in Accra has reversed the decision of the Bank of Ghana to revoke the operating license of UniCredit Ghana Limited as a saving and loans company in Ghana. According to GHOne TV, the court on July 7, 2022, declared the decision of the Bank of Ghana to revoke the license …

British Airways is to cut 10,300 more short-haul flights due to feature in its schedule between August and the end of October. This latest announcement means nearly 30,000 flights will have been removed from BA’s schedule between April and October this year. The cancellations affect London Heathrow, Gatwick and City …

Communication Director of the National Petroleum Authority (NPA), Abdul Kudus Mohammed, has explained that the pricing of fuel prices cannot be controlled when its implication on the global market remains on the rise. According to earlier reports from Bulk Oil Distribution Companies, the price of petrol is anticipated to decrease …

President Nana Addo Dankwa Akufo-Addo on Wednesday, 6th July 2022, commissioned the first batch of forty-five (45) buses out of one hundred (100) VDL Intercity buses procured for use by the Metro Mass Transit Ltd. President Akufo-Addo stated that the event is significant particularly because it has provided the country …

Banks have been directed to allow non-resident Ghanaians who have not yet registered for their Ghana Cards to use their passports for bank transactions till they obtain the cards. The Bank of Ghana served notice that effective July 1, 2022, the only acceptable ID for bank transactions will be the Ghana Card …

On the Interbank forex rates from the Bank of Ghana today, July 6, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.2409 and a selling price of 7.2481. As compared to yesterday’s trading of a buying price of 7.2309 and a selling price of 7.2381. At …

The Electronic Transfer Levy will not be discontinued despite an application to the International Monetary for a financial bailout, the Finance Ministry has said. The Ministry said the IMF bailout is a means to help the country shore up its foreign reserves thus tax measures including the electronic transfer levy …

Nadia Abdul Aziz, a reclusive Ghanaian executive, is arguably one of the richest business leaders in Ghana and West Africa due to her multimillion-dollar stake in Asante Gold, a Canadian Securities Exchange-listed gold exploration, development, and operating company. Aziz, a leading financial professional who took over as a director of …

The prevalence of phony and illegal agrochemicals on the Ghanaian market is a source of worry to stakeholders in the agricultural sector, with the CropLife Ghana warning that between 25 to 35 percent of imports into the country are fake or banned. According to the Organisation for Economic Co-operation and …

The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish …