BUSINESS

The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …

Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …

The government has urged the PURC to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing on the regulator to be measured in …

Following the announcement of a reduction in transport fares, a presidential staffer, Dennis Miracles Aboagye, has called on producers and retailers of cement to also reduce their prices. According to him, cement prices increased when the dollar was selling at about GH¢16, therefore, it should also reduce now that the …

Flagbearer of the National Democratic Congress, John Dramani Mahama, has stated that in the event of his election as president, he will restore the licenses of banks that he believes were wrongly shut down. He made the promise while delivering his formal acceptance speech on May 15, 2023. John Mahama …

Chris Ofikulu United Bank for Africa, Ghana has been named as the ‘Best CSR Bank Ghana 2023’ by the Global Business Magazine Awards. The list of winners was released and published on their website. The award is designed annually to honor and reward excellence in companies across different sectors and …

Finance minister Ken Ofori-Atta has declared Ghana’s readiness to go to the International Monetary Fund (IMF) Board as it pushes for a US$3 billion Extended Credit Facility. The Paris Club and other major partners, this week, announced that it was giving financing assurances to allow Ghana receive the facility. Reacting to the development via …

Ghana’s Telecommunications Giant, MTN partnered with the leading smartphone brand in Ghana, TECNO, to launch its newest CAMON model, the CAMON 20 series, comprising of the CAMON 20, CAMON 20 Pro, CAMON 20 Pro 5G, and CAMON 20 Premier 5G to the Ghanaian market with special packages for all CAMON …

A Chinese-owned company, Fenis Metal Technology Company, has been shut down by the Ghana Standards Authority (GSA) for operating without proper certification. The exercise which was led by the Head of Enforcement at GSA, George Anti, was aimed at removing substandard products from the Ghanaian market. The local electric cable …

Former Big Brother Naija housemate, Leo Babarinde Akinola Dasilva, widely known as Leo Dasilva, has opined that a relationship will end abruptly if a partner who has never traveled overseas eventually does. The reality TV star made this statement in a tweet on Tuesday, May 9, 2023. Leo claims that …