BUSINESS

Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily. This is woefully less than the 96,000 barrels of crude oil the country consumes daily and does not have any significant influence on the continuous increase in prices of …

Commodities worth hundreds of Ghana cedis contained in about 90 shops at the Kumasi Kejetia Market in the Kumasi metropolis of the Ashanti region have been destroyed. The damage according to reports was caused after some pipelines installed in the market burst again on Tuesday, June 14, 2022, after the …

Consumers of petroleum products must brace themselves for another increase in fuel prices from Thursday, June 16, 2022. Data from the Bulk Oil Distribution Companies as reported by JoyBusiness suggests that the price of a litre of diesel is expected to go up by 11.14%, while petrol will go up …

To help bridge the shortage of fertiliser in the country caused by the ongoing war between Russia and Ukraine, local organic fertilizer producers have come together to form an association to scale up the production of fertilizers to complement the government’s efforts. Members of the new association-Organic Fertilizer Producers Association …

John Peter Amewu, Minister of Railway Development, has said government will soon arrest and punish individuals stealing components for fittings of the tracks on the Tema-Mpakadan railway. This follows the observation that about 250 bolts and nuts have been stolen by unknown persons on the Tema Harbour-Afienya stretch of the …

The Ghana Statistical Service last week announced that inflation had jumped to 27.6% in May 2022 from 23.6% recorded in April. The drivers of this development are varied and largely driven by local products. Data from the Statistical Service show that 56.2% of the products accounting for the rise in …

Ghana international Kevin-Prince Boateng has become the first player to marry in the metaverse. The metaverse is a virtual reality, where friends and family get to take part in a ceremony in an online form. The 35-year-old married his girlfriend Valentina Fradegrada on Saturday in Siena, Italy at a lovely …

The Bank of Ghana (BoG) has by the end of the year 2021 secured monetary compensations and refunds totalling about GH₵72.9 million for complainants. Regulated Financial Institutions (RFI) paid complainants whose complaints were lodged, investigated, and found justifiable based on the BoG market conduct rules for its regulated entities. A breakdown of …

The Industrial Relations Director for GPRTU, Alhaji Abbas Ibrahim Moro, has stated that the GPRTU will not increase transport fares now despite the hike in fuel prices. The Ghana Private Road Transport Union (GPRTU) stated earlier that it would hold a crunch meeting next week to deliberate on a “possible” …

Ghana Second-hand Cloth Dealers Associations has charged the government to ensure transparency and accountability of the use of revenue generated from the e-levy. According to them, it is the responsibility for every citizen to pay tax and the government must also ensure that the money is used for the intended …