BUSINESS

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 …

After 14 years of shutdown, Coastal Groves Limited, a wholly owned Ghanaian organic orange juice processing factory in the Central Region of Ghana, was on Tuesday, re-inaugurated by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The ceremony took on behalf of the German Federal Ministry for Economic Cooperation and …

The governor of the central bank, Dr.Ernest Addison, has said that legal frameworks have been firmed up to commit Ghana into trading in local currencies among countries in the African continent. He said the central bank has embarked on reforms which will enhance financial transaction with Ghana and it’s neihghbouring …

Food prices have risen globally in recent years. It began with the coronavirus pandemic that made farmers and food producing companies unable to cultivate and produce food in sufficient quantities. Many food factories ran out of raw materials for their operations. Farmers have since returned to the fields and factories …

In May, 2022, Finance Minister, Ken Ofori-Atta, reiterated government’s stance on going to the International Monetary Fund (IMF) for financial assistance. According to him, government was committed to not returning to the IMF because interventions and policies had been put in place to ensure sufficient macroeconomic gains for the local economy …

The management of the Kumasi Kejetia Market in the Ashanti region has said it is working with the Electricity Company of Ghana (ECG) to procure separate meters for traders in the market. The traders have declined to pay bills, as a protest to the failure of the management to give …

On the Interbank forex rates from the Bank of Ghana today, July 1, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.2269 and a selling price of 7.2341. As compared to yesterday’s trading of a buying price of 7.2209 and a selling price of 7.2281. …