BUSINESS

For the first time in about 60 years, the Bank of Ghana (BoG) has purchased gold to augment its gold reserves and shore up the country’s foreign assets. The bank bought 280 kilogrammes of the precious metal this year under a historic gold purchase programme meant to double its gold …

The Ghanaian Cedi continues to show remarkable strength against major currencies, especially the US Dollar, the latest report released by Bank of Ghana indicates. According to the latest Monetary Policy Report by the Bank of Ghana, the Cedi has shown a cumulative year-to-date depreciation of 1.7% for 2021. With this …

• The GH¢1 and GH¢2 notes will be replaced by its respective coins • This is because the notes, after widely being circulated, come back weak and torn • This was made known by the Governor of the Bank of Ghana Bank of Ghana Governor, Dr Ernest Addison, has disclosed that very soon, …

The Akufo-Addo led government has acquired some four-seater, fully air-conditioned mini vehicles to be used for the promised ‘Okada for Car’ initiative. Although the government is set to roll out the first phase of the initiative with some 100 vehicles, our checks at the Coastal Development Authority (CODA) indicate that …

A non-bank financial institution in Obuasi in the Ashanti Region, Maglans Micro- Credit, has won the Microcredit Enterprise of the Year 2020 at the second Ghana Credit Excellence Awards. The event—which came off at Tomreik Hotel in Accra on September 16, 2021,–was organised by the Chartered Institute of Credit Management-Ghana …

Ghana since 2016, has been controlling an average of three percent of global exports in the unsweetened cocoa powder trade, data from the Ghana Export Promotion Authority (GEPA) has revealed. GEPA noted that Ghana’s global market share of the commodity has been fluctuating – recording 3.59 percent in 2016, 2.85 …

Management of Electricity Company of Ghana (ECG) in the Tema Region is expressing concern about rampant stealing of fuses in its transformers in the Tema Metropolis of the Greater Accra Region. The power distribution company is appealing to residents to be on the lookout for thieves moving to their various …

President Nana Addo Dankwa Akufo-Addo has re-appointed Kwabena Ampofo Appiah, popularly known as Vyrus, as the Managing Director of State Housing Company (SHC) Limited. State Housing Company has seen tremendous progress since 2017 after Mr. Ampofo Appiah took over administration. He has brought life to the almost defunct state institution …

The NPP Government’s promise to give operators of commercial motorcycles, popularly known as ‘Okada’ a better and safer alternative is set to be actualised with the acquisition of a number of mini vehicles in fulfilment of the promise to give Okada riders vehicles in exchange for their motorcycles on special …

Ghana has picked Rocksure International as a strategic partner to build a mine and refinery in a bid to develop an industry out of its untapped bauxite reserves.   The Accra-based company will own a 70% stake in the project and the state-owned Ghana Integrated Aluminium Development will have the …