BUSINESS

The Chamber of Petroleum Consumers Ghana (COPEC) has expressed disappointment in the National Petroleum Authority (NPA) for increasing the Unified Petroleum Price Fund (UPPF) margin. According to the chamber, the decision has led to a cascading effect on fuel prices at the pumps, burdening the public. The NPA in a …

Finance Minister, Dr Mohammed Amin Adam, has kicked against African governments investing significantly in foreign financial institutions using money earned from its most resource-rich sectors. Rather, he called for the establishment of Regional Funds to draw financial resources for infrastructure development to propel intra-Africa trade, and help solve the recurring …

The World Bank has approved a $250 million credit from the International Development Association (IDA) for a five-year project aimed at fortifying Ghana’s financial stability. The Ghana Financial Stability Project is designed to bolster the country’s Financial Sector Strengthening Strategy (FSSS) by providing essential support to banks and Specialized Deposit-taking …

The average real Gross Domestic Product (GDP) growth was estimated to have slowed from 4.1% in 2022 to 3.1% in 2023. The growth rate of Nigeria and other West African countries is projected to rise from an estimated 3.6% in 2023 to 4.2 and 4.4% in 2024/2025. The African Development …

Ghana’s Communications and Digitalisation Minister, Ursula Owusu-Ekuful has confirmed that NextGen InfraCo, the company selected for the country’s 5G network rollout, was established just one week before being awarded the contract.                         Minister Owusu-Ekuful explained that NextGen InfraCo was …

Fuel consumers can expect some relief at the pumps as diesel and Liquefied Petroleum Gas (LPG) prices are set to decrease, marking the second consecutive drop in January.This announcement comes from the Chamber of Petroleum Consumers (COPEC) and takes effect on Wednesday, January 17, 2024.While the exact price adjustments are …

Instagram and Facebook users will now be able to pay for a blue tick verification, parent company Meta has announced. Meta Verified will cost $11.99 (£9.96) a month on web, or $14.99 for iPhone users. It will be available in Australia and New Zealand this week. Mark Zuckerberg, Meta chief …

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has described Ghana as the best place to do business in West Africa, and has urged the private sector and investors in the United Arab Emirates to make Ghana their first port of call when venturing into the Region for business. …

Road Contractors in the country have urged the government to pay the GH5.9 billion it owes them immediately to stop contractors’ businesses from failing In an interview monitored on Citinews over the weekend, the National Chairman of the Association of Road Contractors Ghana, John Afful Jr., appealed to the government …

Members of the Mobile Money Agents Association of Ghana are calling for a review of the agents’ 0.5% commission rate. This call comes after the implementation of the revised 1% electronic transfer levy (E-Levy) took effect yesterday, January 11, 2023. The Telcos sent messages announcing the revised rates to their subscribers. MTN Ghana’s message …