BUSINESS

For a third consecutive month, in May 2022, dampening liquidity conditions on the money market continued to weigh on government’s auction target as GH¢6.43billion target size was missed. A total amount of GH¢4.60 billion was raised from the market during the month under review, indicating a shortfall of 28 percent …

A 32-year-old homeless man is struggling to get medical care after his street friend poured hot water on him for allegedly eating his food. Francis Agyei, who denied eating his friend’s food, sustained severe burns to his mid-section and has since been admitted at the Komfo Anokye Teaching Hospital. But …

Minister for Lands and Natural Resources, Samuel Abu Jinapor has cautioned Ghanaians not to pay any amount of money for seedlings to be planted on the Green Ghana Day, come June 10, 2022. He stressed that “the seedlings are not to be sold, they are for free, let no one lie to …

Patronage of fertiliser for this year’s planting season is hitting a snag – an all-time low – as farmers are currently having difficulties procuring the commodity for crop production due to rising costs. Although there is an appreciable amount of fertiliser in the system, according to the Peasant Farmers Association …

President Nana Addo Dankwa Akufo-Addo on Monday, 6th June 2022, commissioned one 100 mercury-free gold processing equipment, commonly referred to as Gold Katcha, at a ceremony held at the Independence Square, in Accra. Gold Katcha is an equipment that extracts gold from the ore without the use of mercury, which …

The Government of Ghana has sold little above the target for its Treasury Bills auctioning, a Joy Business report has said. According to the portal, the development comes after government secured GH¢1.395 billion from the auction sale of the 91-day and 182-day T-bills which represents nearly 14 percent oversubscription. Despite …

The police in Ondo State have given insight into how terrorists attacked the St Francis Catholic Church, Owo, Ondo State, on Sunday. It is believed that over 70 persons were killed and injured in the attack. But a statement by the Ondo State Police Command, on Sunday, signed by the …

The US government has announced the completion of a $316 million investment in energy infrastructure in Ghana. According to a press release copied to Ghana Business News, the Kasoa Bulk Supply Point (BSP), inaugurated Wednesday June 1, 2022, completed over six years is to support more reliable power supply for …

Asante Gold has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana. The pure gold exploration and development company plans to carry out a 14-day evaluation period during which it will control, calibrate operating systems and align critical equipment “under full load”. Bibiani, …

Dr. Samuel Worlanyo Mensah, an Economist, with the Center for Greater Impact Africa, has called for a strategic policy to strengthen the Bank of Ghana to fight against the use of foreign currencies in the country. He explained that BoG needed to be resilient in stabilising the Ghana Cedi to compete with …