BUSINESS

The ongoing Russia-Ukraine war will have a negative impact on Ghana’s construction industry, as the West African country imports about 60 percent of her steel and iron ore from the war-torn Eastern European nation, the Bank of Ghana has warned. At its 105th Monetary Policy Committee meeting this week, the Bank of Ghana said: …

The driver and the conductor who were in the tipper truck that got involved in an accident between Beposo and Asemasa in the Shama District of the Western Region, claiming 14 lives on the spot, are currently receiving treatment at the Central Regional Hospital. Police say the two were able …

Governor of the Bank of Ghana, Dr. Ernest Addison, has calmed nerves over the current rapid depreciation of the cedi, saying, the bank is implementing interventions that will stabilise the local currency against its major trading currencies in the shortest possible time. His comments come on the back of concerns over the …

Like other professions, Economists use many abbreviations. One of the most common is GDP, which represents Gross Domestic Product. According to the International Monetary Fund, the term has become widely used as a reference point for the health of national and global economies. The Gross Domestic Product (GDP) comprehensively measures …

The Vice President, Dr. Mahamudu Bawumia, will speak on the Ghanaian economy in April, his spokesperson, Dr. Gideon Boako has said. Following worsening effects on the Ghanaian economy, including price hikes on fuel and basic commodities and depreciation of the Cedi, there have been calls on the Vice President to …

The National Identification Authority (NIA) has explained the circumstances that led to the stampede at its head office during the registration for the GhanaCard on Tuesday March 22. Corporate Affairs officer at NIA, Henry Aboagye told TV3 that “I went there, the gate was opened around 7:30AM. There was a …

Madam Naa Adorkor Yawson, the General Manager of Zipline, says her outfit will soon begin home deliveries in the country. She said the delivery would form part of efforts to promote healthcare supplies by taking advantage of the country’s digitisation drive to grow a viable healthcare system that enhances access …

Ghana’s all-time top scorer, Asamoah Gyan, has apologised for the use of ‘nonsense’ while expressing his disappointment over Majeed Ashimeeru’s omission from the Black Stars squad to face Nigeria. Gyan, in spite of the apology, stood by his earlier words that the Anderlecht midfielder should have been included in the team to face …

The Sovereign credit rating downgrades of Ghana by Fitch and Moody’s led to “widened yield spreads on both cedi-denominated government of Ghana bonds and the country’s Eurobonds”, the Bank of Ghana has said. “These downgrades reflect market and investor concerns about fiscal and debt sustainability”, Governor Ernest Addison told journalists …

The Sekondi-Takoradi branch of the Ghana Online Drivers Association (GODA) has urged service providers to reduce their commission charges per trip on online drivers. According to them if the service providers reduce their percentage on charges, it would not affect both the providers and driver, “You won’t make losses if …