Business News

Cedi continues strong performance; $1 now ¢10.80

The Ghana cedi continued its strong run against the US dollar today, April 4, 2023, as it sold below ¢11.…

Conditionality helps countries solve balance of payments problems, safeguard resources – IMF

The International Monetary Fund (IMF) has stated that conditionality helps countries solve balance of payments problems without resorting to measures…

Save Ghana from paying millions of dollars; probe Aker-AGM transaction – CSOs to Akufo-Addo

Civil Society Organisations (CSOs), Imani Africa and the Africa Centre for Energy Policy (ACEP) have welcomed the announcement by AGM…

Payment of principals, coupons on old bonds to resume March 13 – Finance Ministry

Finance Ministry says payment of coupons and principals in respect of the Domestic Debt Exchange Programme (DDEP) will start on…

Prices of petrol, diesel to fall between 3.7% and 4.04% per litre – COPEC.

Prices of petrol and diesel are expected to fall between 3.7% and 4.04% per litre, beginning Thursday March 1, 2023.…

Producer inflation falls marginally to 52.1% in January 2023

The Producer Price Inflation (PPI) for January 2023 fell marginally to 52.1%, from 52.2% recorded in December 2022. According to…

Gold-4-Oil: Only OMCs with not less than 45 outlets will receive products – NPA Boss

The CEO of the National Petroleum Authority (NPA) says it has in consultation with the Association of Oil Marketing Companies…

Banks wrote-off ¢5.9bn as bad debt in 2022

Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022. According to the Domestic Money Banks…

Cocoa bills default: BoG, COCOBOD agree to allow banks to use COCOBOD’s deposits to pay retail customers

The Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks have agreed to allow banks to use COCOBOD’s…

Domestic Debt Exchange: We are still studying various legal options available – Individual Bondholders

The Legal Committee of the Individual Bondholders has said that it is still studying the various legal options available before…
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