Business News of Thursday, 28 November 2024 Source: www.ghanaweb.com According to the contractors, the government owes them over GH¢3 billion in arrears The Cocoa Road Contractors have called on the government, the Ministry of Agriculture, and the Ghana Cocoa Board (COCOBOD) to urgently settle their outstanding debts, threatening to demonstrate on December 7, 2024, the day general elections will be held ...

A photo of the EV bus Vice President, Dr. Mahamudu Bawumia, on Wednesday, November 27, 2024, inaugurated Ghana’s first fleet of electric buses (EVs). The introduction of the EV buses stems from Dr. Bawumia’s vision to adopt electric vehicles as a cost-saving measure for the transportation sector. It is also aimed at modernising the country’s public transportation system, therefore, the ...

Business News of Monday, 25 November 2024 Source: www.ghanaweb.co File photo of toothpick   Ghana is known to be an import-dependent country due to its heavy reliance on foreign goods. According to statistics, Ghana imported items totaling about US$13.7 billion in 2023. This can be attributed to Ghanaians’ preference for foreign items instead of locally produced ones. Some imported items include ...

Business News of Tuesday, 26 November 2024 Source: www.ghanaweb.com Sunon Asogli power plant Sunon Asogli Power (Ghana) Limited has reopened its 560MW power plant after Energy Minister Herbert Krapa and Finance Minister, Dr. Mohammed Amin Adam intervened. The ministers helped to ease the company’s financial difficulties by releasing emergency funds. The Electricity Company of Ghana (ECG) failed to make past-due payments, which resulted ...

Business News of Friday, 22 November 2024 Source: www.ghanaweb.com The newly completed 97-kilometre standard gauge railway line connects seven stations President Nana Addo Dankwa Akufo-Addo is expected to today, Friday, November 22, 2024, inaugurate the Tema-Mpakadan Standard Gauge Railway Line and two Diesel Multiple Unit (DMU) trains at the Tema Railhead opposite the Golden Jubilee Terminal. The newly completed 97-kilometre standard gauge railway ...

Business News of Tuesday, 26 November 2024 Source: www.ghanaweb.com Ernest Addison, BoG Governor The Director of Research at the Institute of Economic Affairs, John Kwakye, has questioned the Bank of Ghana’s intervention to stabilise the cedi a few weeks before the December 2024 elections. He questioned the bank’s decision to act just days before the 2024 general election. The Bank of ...

Business News of Monday, 25 November 2024 Source: www.ghanaweb.com Cedi notes Ghana’s local currency, the cedi, has gained some strength against major trading currencies especially the dollar. In its daily update, the Bank of Ghana announced that as of November 25, 2024, the cedi is trading at a buying price of GH¢15.79 and a selling price of GH¢15.80. The British Pound ...

Business News of Monday, 25 November 2024 Disclaimer Source: GNA   President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo says the construction of the new Oil and Gas Services Terminal is a realisation of a vision that cements Ghana’s stand as a beacon of economic resilience. He said the Terminal was a critical gateway that offered a one-stop-shop supply of essential ...

Business News of Friday, 8 November 2024 Source: ghanaiantimes.com.gh Manganese ore possesses significant potential for various sectors of Ghana’s economy, including the metal, automotive, and agricultural industries on a global scale, the Manager, of Social Responsibility, Ghana Manganese Company (GMC), Wisdom Adjei Mensah, has revealed. Manganese, he said, had a very huge commercial uses, stating that, “without manganese, you can’t have ...

Business News of Saturday, 9 November 2024 Disclaimer Source:GNA Electrochem Ghana Limited, a local salt mining company operating at the Ada Songhor Lagoon, is set to recruit 3,200 workers for the current salt harvesting season. The workers will be engaged in manually harvesting salt across the company’s 6,000-acre concession. While the company holds a larger 41,000-acre concession, it is presently ...