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BUSINESS

Shortage of dollars to ‘pave way’ for cedi stabilization – Financial Analyst

Financial Analyst at Dalex Finance, Joe Jackson, is optimistic the local currency – Cedi – will soon stabilize and trade among major trading currencies, especially the US dollar. According to him, dollars will soon not be on the market due to the unwillingness of Ghanaians to purchase the currency at …

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Cement price now above GH¢80

The price of a 50kg bag of cement is now above GH¢80.00, as the input costs of the manufacturers rise due to the depreciation of the Ghana cedi. Some retailers of GHACEM, Diamond and Dangote cement vary the price of a bag of the product from GH¢77.00 to GH¢85.00 but …

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Which investment is best for you in the Ghanaian financial markets?

Investments are generally motivated by the desire for profit; each investor aims to use his money profitably to generate significant returns. As a result, investors may decide to put their money into one or more of the available investment classes, including bonds, stocks, cash equivalents, real estate, various commodities, etc. …

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Economic hardship: Nurses ‘run away’ to greener pastures abroad

More Ghanaian nurses are in the process of securing visas to practice abroad, a situation most of them say is born out of poor working conditions in the country. Over the past year, there have been increased cases of Ghanaian-trained nurses and other health professionals travelling outside the country. A …

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We’re happy you chose Ghana as headquarters for India Africa Trade Council (Central/West Africa) – Says Ga Mantse

    The Ga Mantse (King), Nii Tackie Teiko Tsuru II, and the Deputy Minister of Trade and Industry, Hon. Michael Okyere Baafi(Mp) have pledged the support of the Ga Traditional Council and the Government of Ghana for the India Africa Trade Council (IATC). They expressed their profound gratitude to …

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GUTA strike suspended after ‘goodwill’ from Akufo-Addo and Ga Mantse

The Ghana Union of Traders Association has suspended its strike action, according to a statement signed by the General Secretary of the Association, Alpha A. Shaban. The decision, according to the release comes on the back of a meeting with the King of the Ga State, Mantse Nii Tackie Teiko …

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Install currency board to save the cedi – Prof Steve Hanke reiterates

Steve H. Hanke a professor of Applied Economics at the Johns Hopkins University, has reiterated his point that the managers of the Ghanaian economy need to establish a currency board in order to save the fallen cedi against the dollar. The Professor, who is based in the US, for some …

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Transport fares to go up Monday, October 24 – GPRTU

The Ghana Private Road Transport Union (GPRTU) will, on Monday, 24 October 2022, announce new transport fares across the country. The Head of Communications of the Union, Mr Abass Ibrahim Moro, said this in an interview with the media. He said the union was earlier targeting a 30 to 40 …

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AFRIMASS NETWORK PRESENTS A “SHIFT IN MEDIA CONSUMPTION, A MARKETING RETHINK 2022

    AfriMass, a thought leadership and knowledge sharing platform, hosts the 4th edition of its annual ideas trade summit on 28th October, 2022 at the Multi choice-DSTV lounge, Abelenkpe. This years theme SHIFT IN MEDIA CONSUMPTION A MARKETING RETHINK spotlights the challenges and opportunities in the continuous existence of …

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GUTA shut down: Middlemen takeover ‘Abossey Okai’ Spare Parts Market

0 Middlemen, popularly called ‘Affair Boys’ Wednesday took over trading activities at the Abossey Okai Spare Parts Market to attend customers “partially” following the closure of shops by owners as directed by the Ghana Union of Traders Association (GUTA). Most shops were closed as of 0900 hours but a few …

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