BUSINESS

Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit has approved a total of $903 million for Ghana to support public finance reforms. According to him, this is a huge sum of money any development institution has approved for a country for a period of …

    To mobilise support of Private sector investors towards building a more resilient economy, the Ghana Investment Promotion Centre hosted President Nana Akufo-Addo, Trade Minister Alan Kyerematen, and CEOs of some of Ghana’s leading indigenous companies in a closed-door session breakfast meeting on Monday, 4th July 2022. The session …

The French ambassador to Ghana, Anne-Sophie Ave, has said although “Ghana has all the ingredients to succeed”, the country’s high level of debt, has necessitated the need to resort to the International Monetary Fund, which she said is the “only international bank that has the means and whose job it …

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 …