Business

Ghana Oil Company (GOIL) was the first firm in the country to announce a reduction in the prices of its fuel, with diesel selling at GH¢4.98 and Super going for GH¢4.98. Vivo Energy, marketers and distributors of Shell-branded products and services, has followed suit by reducing the ex-pump prices in the first window for the month of December in line ...

The local currency is now two pesewas away from hitting the dreaded GH¢5 mark per a dollar.  It closed Monday trading at around GH¢4.98 against the US dollar. This is basically the main quotes being put out by some of the major commercial banks in the currency business in the country. What is causing this? Lots of reasons have been put forward ...

 In my secondary school days, i had the privilege of spending one long vacation with my maternal grandmother in a village called Agogo in the Eastern Region of Ghana. Something happened during that period which ignited my interest for business. I accompanied my cousin to the market one day to help him sell some baskets he had woven earlier in ...

MTN Business, Ghana’s leading telecommunications provider of business connectivity solutions, has announced its partnership with Invest in Africa (IIA) to provide custom-made ICT solutions to Small and Medium-Scale Enterprises (SMEs) in the country. Through the partnership, services offered by MTN Business will be available to help SMEs optimise their productivity to enable them grow and expand their businesses. IIA is ...

The Chief Executive Officer of Dalex Finance, Ken Thompson says the Bank of Ghana (BoG) must move quickly to deal with the non-bank sector to save Ghana’s economy from collapse. Mr Thompson said the Bank of Ghana has done a good job in cleaning the banking sector adding that without a robust financial system the economy will collapse. Speaking at ...

The Bank of Ghana has announced a new set of directives to guide operations of Forex Bureau operations in the country. Why? According to the Bank of Ghana, the move is part of measures to enforce compliance by all licensed Forex Bureaux with the Forex Bureau Regulations issued in accordance with the Foreign Exchange Act, 2006 (Act 723), and the ...

Ghana has made progress to improve the ease of doing business, according to the World Bank Group 2019 Doing Business Report – Training for Reform, released Wednesday. In the latest report, Ghana has improved its ranking to 114 out of 190 economies up six places from 120 in the 2018 Doing Business Report. Ghana’s ease of doing business score formerly called distance ...

The Chief Executive of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has revealed that Ghana and Cote d’Ivoire are close to harmonising their system of trading cocoa at the world market. This is to give the two major producing countries some control, at the cocoa market. The harmonisation will help the two countries in their quest take a strong position on ...

Deputy Minister of Trade and Industry, Carlos Ahenkorah, has appealed to the US government to import more Ghanaian goods to help government achieve its ‘Ghana Beyond Aid’ agenda. Speaking at a day’s Trade Africa Learning programme in Accra yesterday, themed “Enhancing Ghana’s Trade Competitiveness,” he said the move would improve trade, skill development and promote better market access. It was ...

Government has targeted the end of this year to pass a Fiscal Responsibility Law to help cap budget deficit, Vice President Dr Mahamudu Bawumia has said. He said the passage of Fiscal Responsibility Law will ensure that the budget deficit will not exceed 5% for a fiscal year. The Vice President was speaking at the Ghana Investment & Opportunity Summit ...