BUSINESS

Early this month, the Ghana Chamber of Telecommunications announced its readiness to deactivate all unregistered SIM cards after the November 30, 2022 deadline. It said Ghana card holders can avoid this inconvenience [deactivation of SIM] by simply completing the registration process. In a latest press release sighted by GhanaWeb Business, the telco …

  Kingdom Exim Ghana Limited has donated GH¢25,000 to the Ministry of Food And Agriculture with the aim to support the upcoming 38th National Farmers Day. The donation is to support the Ministry in awarding the individual who would emerge as the best crop farmer for this year’s event.   …

The embattled Benkumhene of Asamang Tamfoe Traditional Area, Nana Boakye Darkwa, is demanding a refund of a total amount of GH¢115,000 mining proceeds given to Ofori Panin Fie out of mining in the community. According to him, the amount was paid on October 7, 2022 as a goodwill money which …

Ghana has been downgraded deeper into junk territory by Moody’s Investors Service on the likelihood that private creditors will incur steep losses during the government’s planned debt restructuring. The country’s credit rating was slashed by two levels to Ca, the second-lowest score at Moody’s, according to a Tuesday statement. That …

Finance Minister, Ken Ofori-Atta has announced government’s plan to commence operations for the new home-based carrier in 2023. This comes after government has signed the necessary shareholders and partnership agreements with the selected strategic partner for the home-based carrier. Speaking on the floor of Parliament to present the 2023 Budget …

Consumers of petroleum products in the country are expected to witness a reduction in prices between 10 percent and 8 percent from Thursday, December 1, 2022. The projection, made by the Institute of Energy Security (IES), will be the second consecutive period that will see consumers witness a reduction in …

The government has selected ‘GhanaAirlines’ as the name of choice for the new home-based carrier of the country. Ahead of the selection, names such as Akwaaba Airlines, Black Star Airlines, and Kente Airlines were mooted as part of the efforts to get a suitable name that will reflect Ghana’s culture …

Ken Ofori-Atta, Minister of Finance, disclosed in the 2023 budget statement that Ghana’s public debt has increased by GH₵93 billion ($6.53 billion at the current rate) due to the depreciation of the Ghanaian cedi since the beginning of 2022. According to him, the said amount is twice more than the …

Dr. Ernest Addison, the governor of the Bank of Ghana (BoG), has expressed worry about the solvency of some Ghanaian banks. According to him, the Central Bank will put in measures to ensure that banks remain solvent. This, he said is the most important task of the Central Bank. The …

The Bank of Ghana has hiked the monetary policy rate by 250 basis points from 24.5 percent to 27 percent. Chairman of the Monetary Policy Committee and BoG Governor, Dr. Ernest Addison said the decision is expected to anchor inflation expectations in the country with the figure standing at 40.4 percent in October 2022. …