Business

Businesses divided over readiness for AfCFTA – UKGCC report

Business News of Monday, 27 January 2025 Disclaimer Source: thebftonline.com African Continental Free Trade Area (AfCFTA) The 2024 UK-Ghana Chamber of Commerce (UKGCC) Business Environment and Competitiveness Survey (BECS) has revealed a mixed outlook among some businesses in Ghana regarding their preparedness for the African Continental Free Trade Area (AfCFTA). “Businesses have mixed feelings about their preparedness for the AfCFTA. While ...

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Swift GNFS response saves 23 shops in Kejetia Market fire

  Jemima Okang Addae Jan – 24 – 2025 , 11:361 minute read The Ghana National Fire Service (GNFS) has announced that its prompt response to a fire outbreak at Kejetia Market successfully saved 23 shops from destruction.   In a statement issued on January 24 by the Ashanti Regional Public Relations Officer, Divisional Officer II Peter Addai, it was revealed ...

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AngloGold Ashanti Mine Breach: President Mahama orders immediate investigations into incident

Business News of Monday, 20 January 2025 Source: www.ghanaweb.com The President has asked that investigations be conducted to bring the culprits to book President John Dramani Mahama has ordered investigations into the shooting incident between some illegal miners and soldiers at the AngloGold Ashanti gold mine that claimed eight lives. The President has asked that investigations be conducted to bring the culprits to ...

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Ghana owes American companies almost $251 million; use IMF funds to settle debts – US Senator

Business News of Thursday, 16 January 2025 Source: www.ghanaweb.com US Senator, James E. Risch A Ranking Member of the United States Senate Committee on Foreign Relations, Senator James E. Risch, has noted that Ghana owes American companies approximately $251 million. He added that the repayment of these debts will significantly influence the future relationship between the two countries. Senator Risch urged ...

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ECG operated 84 bank accounts across 20 banks despite IMF conditionality – PwC report

Business News of Thursday, 16 January 2025 Source: www.ghanaweb.com The Electricity Company of Ghana (ECG) The Electricity Company of Ghana (ECG) has come under scrutiny for operating approximately 84 bank accounts with 20 different banks, despite directives to manage a single account for all revenue collections and disbursements. An audit conducted by PricewaterhouseCoopers (PwC) has revealed that the ECG’s financial management ...

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Tackle prices of 15 key items including ‘trotro’ fares to stall inflation – GSS to government

Business News of Thursday, 16 January 2025 Disclaimer Source: starrfm.com.gh File photo of a bus station The Ghana Statistical Service (GSS) is urging the government to tackle the prices of 15 key items, which it says are driving nearly a third of the country’s inflation. This comes as Ghana ended 2024 with an inflation rate of 23.8%, far above the government’s ...

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Dr. Amin Adam has inspired confidence in Ghana’s economic prospects – IMF boss

Business News of Thursday, 16 January 2025 Disclaimer Source: rainbowradioonline.com   IMF Boss, Kristalina Georgieva [L] and Dr. Mohammed Amin Adam The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has showered praise on Ghana’s immediate past Finance Minister, Dr. Mohammed Amin Adam. She commended him for his exceptional leadership and significant contributions to Ghana’s economic stability during his tenure. ...

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‘I will tell President Mahama it’s not necessary’ – General Nunoo Mensah on free tertiary tuition proposal

Politics of Wednesday, 15 January 2025 Source: www.ghanaweb.com Former Chief of Defence Staff, Brigadier General Joseph Nunoo Mensah (Rtd) A former Chief of Defence Staff, Brigadier General Joseph Nunoo Mensah (Rtd), has criticised the National Democratic Congress (NDC)’s manifesto promise to implement free tertiary education for first year students, citinewsroom.com has reported. He questioned the necessity and effectiveness of the policy in Ghana. ...

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BoG rates drop slightly, Cedi sells at GH¢15.85 at forex bureaus

Business News of Monday, 13 January 2025 Source: www.ghanaweb.com Cedi notes Ghana’s local currency, the cedi, has experienced marginal gains against major trading currencies, especially the dollar, at some forex bureaus. The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH¢14.74 and selling at GH¢14.75. The British Pound is being bought at ...

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I want all my Kumasi projects to be managed in Kumasi and not in Accra – Asantehene

General News of Sunday, 12 January 2025 Source: www.ghanaweb.com play videoAsantehene Otumfuo Osei Tutu II The Asantehene Otumfuo Osei Tutu II has issued a strong statement on the role of politicians in the development of the Ashanti Region. During a courtesy call by the World Bank Vice President for Western and Central Africa at the Manhyia Palace on January 10, 2025, the Asantehene ...

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