BUSINESS

There has been a sharp increase in the price of meat in local markets, chop bars, and restaurants in Ghana in recent times, shooting the cost of locally prepared food up. XYZ News has been finding out what could be the possible cause of the rise in the prices of …

Cement manufacturers have noted that the price of a bag of cement is likely to experience an increase from today June 15, 2022, to sell at GH¢66. The manufacturers cited the cedi’s depreciation increase in petroleum prices, as well as the increase in transport fares as some of the factors …

Parts of the Nation’s premier hospital, the Korle Bu Teaching Hospital allegedly got flooded after the rainstorm on Wednesday, June 15, 2022. A video shared on social media, after the downpour, showed the Endoscopy Department of the hospital heavily flooded even though GhanaWeb could not independently confirm if the viral …

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 …