BUSINESS

Food and Agriculture minister, Dr. Afriyie Akoto has stated he has no idea when kenkey prices will drop. A ball of kenkey which was sold at GH¢1 last year is currently being sold at GH¢3. Food was among the major factors that caused a 31.7% inflation for the month of …

The cost of travelling from the capital Accra to Kumasi in the Ashanti Region by air has crossed the GH¢600 mark, the highest one-way fare recorded on the route, Aviation Ghana reports. For several weeks now, an Accra-Kumasi one-way ticket on Africa World Airlines (AWA) and PassionAir has crossed the …

The Mennonite Economic Development Associates (MEDA) which is implementing the Farmers’ Economic Advancement Through Seedlings (FEATS) Project has developed a Code of Practice for Cashew Planting Material Production in collaboration with the Ghana Standards Authority (GSA). The Code of Practice (CoP) and its pictorial version was officially shared with key …

International rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. In a report sighted by GhanaWeb, it noted that the downgrade reflects the deterioration of Ghana’s public finances which has contributed to a prolonged lack of access to Eurobond markets. This, Fitch said …

The Ghana Union of Traders Association GUTA has denied threatening to embark on massive demonstration against the Akuffo Addo lead government over the free fall of the Ghana cedi on international market. According to them, protesting against government in these trying times will not change the fortunes of the Economy. …

Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn). The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show. Mr Musk says he needs the money in case he is forced to buy Twitter for …

    The Mennonite Economic Development Associates (MEDA) Ghana Country Director Robert Austin, has called for an improvement in the productivity of cashew plantations in Ghana. He made the call at a sensitization program on a new Code of Practice (CoP) for cashew planting material production on Wednesday, August 3, …

To help shore up the foreign exchange reserves of the Bank of Ghana, starting September 1st, the Bank of Ghana will purchase gold from gold mining companies in the country at world market prices but payment will be made in cedis. This was the agreement between the Economic Management Team, …

Former President, John Dramani Mahama has said the continuous depreciation of Ghana’s cedi “in recent days, clearly shows that the mid-year review of the 2022 budget failed to win back the confidence of the investor community”. The cedi as of August 9 is selling at GH¢9.12 to the US Dollar. …

UPDATE: GT Bank Ghana has rectified an earlier report suggesting that it will no longer accept ’50 and 20 paper notes’ for banking transactions effective August 31. The bank in an email to its customers clarified that the currency denomination it meant to refer to was the UK pounds sterling which …