BUSINESS

  International Economic rating firm Fitch has downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative from stable. Fitch has affirmed the IDR at ‘B’. According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and …

$170m PPA judgement debt to be investigated – AG hints • Godfred Dame says the CID will investigate the $170m PPA judgement debt • The agreement was to give Ghana excess supply of power • The PPA contract according to a London Court was wrongfully terminated Godfred Yeboah Dame, the …

• The Bank of Ghana (BoG) has directed banks to put an end to charging customers unfairly • But the Bankers Association argued some savings accounts operate like current accounts •The directive is under Section 3 of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) The Ghana Bankers …

  South Africa president Cyril Ramaphosa admitted today – June 22, 2021 – that his iPad had been stolen at a public function. He was on a visit to the Port of Cape Town, a logistics base for the country’s import and export business where he was supposed to deliver …

  In December last year, the Bank of Ghana (BoG) after a meeting with cash operation managers directed all deposit-taking institutions to acquire armoured bullion vans for cash operations. Six months down the line, not much has been seen in that regard. Recent attacks and subsequent loss of life of a police …

  Fuel prices could hit GH¢7 per litre by the end of the year, the Institute of Energy Security (IES) has said. On Saturday, June 19, some Oil Marketing Companies (OMCs) began to adjust their pumps, selling petrol and diesel at GH¢6.23 per litre. The 3 percent increment is attributed …

  • The cedi traded against the dollar at a mid-rate of 5.7512 • It’s trade value against the Pounds Sterling stands at 7.9450 mid-rate • The Euro, however, went up at a mid-rate of 6.8242 On the interbank board today, June 21, 2021, the Ghana Cedi is trading against …

• One of the contestants of Date Rush accused her date of asking her for GH¢15 • The date however said he asked for GH¢50 because he was helpless • Their clash received mixed reactions from viewers of the TV show Social media platform Twitter has been inundated with views …

  Fisher associations in Ghana are worried about the unavailability of a research vessel to conduct examinations on the behaviour of the country’s fish species, particularly in closed seasons. The associations – comprising the National Fisheries Association of Ghana, the Ghana National Canoe Fishermen Council, Ghana Industrial Trawlers Association and …

  • A new roadmap towards the ECOWAS single currency has been adopted • The single currency is expected to take off by 2027 • The agreement was arrived at during the 59th Ordinary Session of the ECOWAS in Accra After many years of planning, a new roadmap to launch …