BUSINESS

The Bank of Ghana will auction US$715 million in Forward Foreign Exchange Auctions in the whole of 2020. The months with the expected highest auctions of US$80 million each are January, February and March 2020. In accordance with the Foreign Exchange Forward Auction guidelines issued on the 23 September 2019, …

One could be misled by the nose and miss out on a delicious culinary journey in a Ghanaian environment because of the smell of a verritable food ingredient called momoni. The mighty momoni is Ghana’s answer to Swedish surstromming, Korean hongeohoe or and the Japanese Kusaya, although not as putrid …

Ghana’s largest telecommunications network MTN Ghana has donated Christmas Humpers for Babies born on Xmas day at the upper west regional hospital. The breif ceremony, led by Seth Owusu Nyamekye on behalf of the CEO and MTNers, saw lucky children and their mother’s receiving sizeable packages from the country’s largest …

Ghana will soon swap the cedi for the new single ECOWAS common currency, the eco when trading within the ECOWAS region. “We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, a statement from …

Ghana has backed eight African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020. A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can to enable …

Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah has announced that the first batch of customers who recently went through a verification process have received payments of their investment. Nam 1 who is currently battling charges of fraud amongst others made the announcement on his Instagram page …

Ghana, without a state airline since the failure of Ghana International Airways in 2010, is planning a new national carrier. In November, Ghana and Boeing signed a memorandum of understanding for three Boeing 787-9s with a list price of $877.5m. The real price paid will be lower, but the relaunched …

Member of Parliament for Assin Central Constituency, Kennedy Ohene Agyapong, has said the World Bank, IMF and western nations have ganged up to make President Akufo-Addo unpopular, following the latter’s resolve to make Ghana self-sufficient to wean the country off from foreign aid. “This is what Akufo-Addo wants to do …

The International Monetary Fund (IMF) says Ghana’s current inflation target range of 8±2% is relatively high compared to its peers in sub-Saharan Africa (SSA). This is clearly attributed to its high-interest rates on the continent. Ghana’s yield of about 14 and 15% on Treasury Bills and 24% average lending rate …

The Bank of Ghana has encouraged the general public particularly retail outlets, to accept the new GHC100 and GHC200 currency notes as they remain legal tender. The advice follows a viral video where a customer was allegedly turned away at a Game shop when he issued a 200 cedi note …