BUSINESS

The IMF is advising Ghana to consider other essentials and not just the pricing mechanism in building a strong cocoa sector. The IMF Resident Representative to Ghana, Dr. Albert Touna, made this statement at the launch of IMANI’s report within the cocoa sector. According to Touna, although price is a …

Ghanaians have been urged to buy locally grown rice this Christmas, on other festive occasions and for everyday consumption in order to give greater impetus to the agriculture sector. Apart from saving Ghana millions of foreign exchange, increased patronage of locally grown rice would bolster production efforts, lead to increased …

Argentine Lionel Messi beat Liverpool defender Virgil van Dijk and five-time winner Cristiano Ronaldo to win the best FIFA player of the year award for a record sixth time on Monday. Messi, who won the Spanish La Liga title with Barcelona last season, as well as the European golden boot …

Over 600 shops belonging to foreign traders particularly Nigerians at the Kwame Nkrumah Circle have been locked up by members of the Ghana Union of Traders Association (GUTA). This is not the first time GUTA members had embarked on such an exercise in their quest to rid the Ghanaian market …

The Bank of Ghana (BoG) has called on the state to amend the Criminal Code so the central bank can go after money-doublers because there is no law to take care of that now. Naa Welbeck Anuonyam, an official at the Financial Stability Department of the BoG, said the central …

Ghana is taking the fight against money laundering seriously due to the effect of such practice on the economy and the country’s international image, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said. Ms Anuontam told members of the Institute of Financial …

The Ghana Revenue Authority (GRA) has issued a press statement directing the public to other outfits where tax transactions is still operational. Despite the Kwame Nkrumah Circle office gutting fire, the tax company says their core operations will not be duly affected. According to the GRA press release all LTO …

The Ghana Grid Company Limited (GRIDCo) has for three years running recorded losses, with a net loss of 114.3 million cedis last year. According to GRIDCo, the Volta Aluminum Company Limited (VALCO) owes it 30-million dollars while ECG and NEDCo also owed about 607 million cedis and 177 million cedis …

Most money launderers around the world use West Africa (WA) as their entry point into Europe, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said To that end, she said Ghana is taking the fight against money laundering seriously due to the …

A number of agencies and market women were consulted by officials of the Bank of Ghana (BoG) for their inputs into the decision that went into the introduction of the GH¢200 and GH¢100 notes, Mr Phillip Ottoo, Director of Research at the BoG, has revealed. Speaking at a training workshop …