Category: Business

Treasury bill yields are anticipated to increase in the upcoming weeks as a result of limited liquidity and the Bank of Ghana’s 22% policy rate. According to Databank Research, the…

Dr. Mahamudu Bawumia, Ghana’s Vice President, has been charged with playing blame games with regards to identifying the causes of Ghana’s economic crisis according to a Johns Hopkins University applied…

Despite the difficulties facing the nation, President Akufo-Addo has said that his government would not give up on efforts to better the lives of Ghanaians. He turns to God for…

According to a recent rating of currency performance by Bloomberg, the Ghana Cedi is currently the second-worst performing currency in the world, trailing only the Sri Lankan Rupee. The Cedi,…

The dropping value of the Ghana cedi versus major trade currencies and growing import costs are once again harming the country’s real estate market. Players in the industry are being…

The Ghana Cedi is currently trading against the dollar at a buying price of 8.0161 and a selling price of 8.0241 on the Bank of Ghana’s Interbank FX rates, as…

The recent inflation data released by the Ghana Statistical Service on Wednesday, August 10, shows that the country’s cost of living has reached alarming levels. The Consumer Price Index (CPI)…

The government’s industrialization strategy is likely to face a variety of difficulties if issues affecting the cedi are not solved. According to Sandeep Sawlan, Business Development Manager of B5 Plus…

According to Bloomberg, the government of Ghana will be considering obtaining $3 billion from the International Monetary Fund (IMF) over a period of three years upon reaching an agreement on a…

Prices for cement are anticipated to rise, starting the next week. The 50-kilo bag’s wholesale price is anticipated to rise from its current GH59.00 price to GH68.00. Some of the…

The Ghana Union of Traders Association (GUTA) has stated that the depreciation of the cedi against other major trading currencies is alarming and the increase in the monetary policy rate…

The Office of the Special Prosecutor (OSP) has recovered Ghc1.074 million from a business owned by a Council of State member. The amount from Eunice Jacqueline Buah Asomah-Hinneh’s frozen foods company,…

Standard and Poor’s (S&P) Global Ratings, an American credit rating organization, downgraded Ghana’s foreign and local currency sovereign ratings to CCC+/C from B-/B on Friday, August 5. This moved Ghana’s…

In the past three months, a number of nations had their currencies depreciate significantly against the dollar. The Russian Ruble appreciated versus the US dollar. The dollar gained value by…

The Ghana Cedi is currently trading against the dollar at a purchasing price of 7.6102 and a selling price of 7.6178, according to the Bank of Ghana’s interbank exchange rates…

A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves. Rising…

Dr. Kwabena Donkor, a former minister under the erstwhile President Mahama, has urged the Akufo-Addo-led government to take steps to recover an amount of GHS650 million in petroleum taxes from…

Only 5% of Ghana’s micro, small, and medium-sized enterprises (MSMEs) export their goods, and this has a significant impact on the country’s potential to benefit from the Africa Continental Free Trade…

The Financial Conduct Authority (FCA) of the UK has fined Ghana International Bank Plc (GHIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities. Foreign…

Oil has powered the world by fuelling transportation machines, industries, and so on for many years now, and its demand keeps growing. Reliable and affordable energy are driving forces for…