Ghana’s total export earnings hit $9.6 billion
Ghana’s total earnings from gold, Cocoa and crude oil have declined marginally ending August 2020. According to data released by the Bank of Ghana, it declined from 10.5% billion in August 2019…
Fuel prices to decrease marginally by the end of September – COPEC
Consumers of petroleum products, especially petrol and diesel will enjoy a marginal decrease in the prices of the product at the end of the month September. This was revealed by…
Another trip to kejetia market – the fabrics
I’ve had a rough few weeks of lets call it, cultural re-awakening. When you thought you had life in your foreign country under control, then the old culture shock creeps up…
Ghana to lose GHS802m in 3 years if Customs Amendment Act implemented – Auto dealers, as they plan 7-day demo
Ghana to lose GHS802m in 3 years if Customs Amendment Act implemented – Auto dealers, as they plan 7-day demo Ghana stands to lose more than GHS802 million in three…
You’ll face our anger if GIPC law is amended to favor Nigerians – GUTA
The Ashanti regional branch of the Ghana Union of Traders (GUTA) has called on the government not to review the Ghana Investment Promotion Centre law against retail trade, to favour…
Scrap wasteful tax incentives, reform tax system – CSO
The Tax Justice Coalition has reiterated calls for fundamental changes in the country’s tax system that will plug all holes and leakages for government to raise enough revenue to finance…
COCOBOD closes purchases for 2020 light crop cocoa season
This year’s light crop cocoa season has been closed from Thursday, September 17, 2020. “It is hereby notified for the general public’s information that purchases for the 2020 Light Crop…
COVID-19 has affected over 11 million jobs – Employment Minister
The Minister of Employment and Labour Relations, Mr Ignatius Baffour Awuah, has revealed that more than 11.2 million jobs were affected in Ghana by the coronavirus pandemic. Mr Awuah explained…
5% Communications Service Tax reduction takes effect today
The reduction of the Communications Services Tax (CST) to four per cent takes effect today Tuesday, September 15, 2020. Government in 2018 increased the CST charge from 6% to 9%…
Ivory Coast to hike farm gate cocoa prices 21% this season
Ivory Coast plans to increase the fixed farmgate price paid to cocoa farmers by more than 21% to 1,000 CFA Francs (US$1.84) per kilogram in the 2020/2021 season, sources from…
Shea butter processing plant opens in Tema
A new shea butter processing plant, equipped with modern machinery, has started operation in Tema. The factory was established by Bunge Loders Croklaan (BLC), the oils and fats business speciality…
Concentration of banking operating assets in 5 banks threaten stability-Banking Survey
The 2020 PwC Banking Sector Survey has revealed that the concentration of the banking industry’s operating assets in five banks threaten the stability of the industry, in the event of…
Inflation falls to 10.5%; lowest since April 2020
A marginal drop in food inflation in the month of August 2020 pushed inflation down to 10.5 percent. The decline which is the lowest rate since April 2020, was 0.4…
Young entrepreneurs share COVID-19 coping strategies
The proprietor of Clearpower Ventures, Mr Clearforce Tetteh has urged fellow young entrepreneurs to diversify their product offerings to help survive the uncertainties of the COVID-19 pandemic. Sharing his experiences…
Kantanka seeks $100m investment as Ghana’s automobile market opens for stiff competition
Local automobile company, Kantanka is in need of a capital injection of 100 million dollars for expansion works. General Manager of the company, Francis Kojo Kudjordzi, disclosed to Joy Business…
Performance of Gold in 2020 is the highest since 2010
Mining of the precious metal called gold is a lucrative business with operations spread across the various continents with the exception of Antarctica (Metals Focus & World Gold Council, 2020)….
GUTA calls for inclusion of trade unions in Ghana-Nigeria talks
The Ghana Union of Traders’ Association, GUTA, says the ongoing deliberations seeking to improve trade relations between Ghana and Nigeria would fail if such discussions are not spearheaded by the…
Lapaz: Second-hand clothes sellers decry low sales amidst COVID-19
Dealers in second-hand goods are lamenting a fall in revenue following the outbreak of the novel coronavirus. The outbreak of the disease in the latter part of 2019 has bitten…
Cedi places 8th among African best currencies
Ghana’s cedi is the eight best performing currency on the African continent despite starting the year as the best performing currency in the first two months. It is, however, second in…
Government to announce bailout package for clients of defunct Fund Management Companies
The Securities and Exchange Commission (SEC) has disclosed that government is set to announce a bailout package for clients of the 53 defunct Fund Management Companies (FMCs). According to SEC,…