Plant Manager of Bui Cashew Limited, Wu Yun Ling, has disclosed that the factory's products will be distributed to the global market, encompassing China, the United States, and Europe.
Furthermore, he emphasized that residents...
Ghana has secured the second position in Africa for the growth of mobile money services, following Côte d’Ivoire, as revealed in the 2023 Oxford Economics Africa's Report titled "The Africa Risk-Reward Index."
This noteworthy...
The prices of petroleum products are expected to stay steady throughout the month of October. Projections from the Chamber of Petroleum Consumers (COPEC) indicate a possible one percent increase at the pumps.
However, oil...
The Chartered Institute of Marketing Ghana (CIMG) is advocating for the appointment of marketing professionals to take the lead in revitalizing underperforming state-owned enterprises (SOEs).
As part of this initiative, the CIMG has initiated...
Chocolate prices could continue to rise if the new cocoa harvest in West Africa disappoints.
Cocoa prices have surged by approximately 47% in the past year due to concerns about adverse weather conditions and...
The Bulk Energy Storage and Transportation Limited Company (BOST) has refuted claims that it acquired iPhones worth ¢28.541 million for certain essential personnel within the organization.
In an official statement issued by the company, it...
Minister of Sanitation and Water Resources, Dr. Freda Akosua Prempeh, has called upon metropolitan, municipal, and district assemblies (MMDAs) to strengthen their local regulations in a way that allows them to levy fines on...
A new data by The Kenkey Index, the worst value of kenkey as of September 30, 2023, is GH6.56 at East Legon.
According to the study, the best price for Kenkey in La was...
Former Trade and Industry Minister Alan Kwadwo Kyerematen stated that Ghana had no choice but to seek assistance from the International Monetary Fund.
He claims that because Ghana's debt levels had surged and the country's...
The leadership of customers affected by the now-defunct Menzgold Company Limited has approached former President John Mahama, seeking his assistance in recovering their funds that remain locked within the illicit gold dealership and investment...
A group of investors who had put their money into the now-defunct Menzgold Company Limited has reached out to former President John Dramani Mahama for assistance in recovering their locked-up funds from the illegal...
Bulk Energy Storage and Transportation Limited Company (BOST) has issued a clarification regarding the cost of acquiring 18 iPhones in May 2022, following reports circulating in certain media outlets.
In a statement dated September 30,...
The Minority in Parliament has claimed that the government's decision to merge the National Investment Bank and the Agricultural Development Bank (ADB) will result in the loss of numerous jobs.
According to Isaac Adongo, Member...
The Minority Caucus of the National Democratic Congress (NDC) in Parliament has made a call on Thursday for the government to undertake a substantial overhaul of the reportedly struggling National Investment Bank (NIB) in...
Dr. Efua Asabea Asare, the Chief Executive Officer (CEO) of the Ghana Export Promotion Authority (GEPA), has disclosed that Ghana's strategic focus on investing in and nurturing the coconut industry has firmly established the...
The Ghana Real Estate Developers Association (GREDA), representing property developers, is calling on the government to reconsider its strategy for affordable housing projects involving its members.
GREDA pointed out that the government's direct involvement in...
The urgency to improve the living and working conditions of Ghanaian fishermen on fishing vessels abroad has become increasingly evident.
Many Ghanaian fishermen face inadequate training, low wages, and harsh working conditions, rendering the...
46 men and 4 women from the Customs Division's Preventive Unit at the Ghana Revenue Authority have completed a 3-week counter-terrorism training program at the 64 Infantry Regiment Training School in Asuatuare.
This brings...
The Ghana Revenue Authority (GRA) has announced its intention to expand its tax compliance measures to generate the necessary revenue for development. To identify tax infractions by companies or customers, the GRA has utilized...
Guinness Ghana Breweries Limited (GGBL) has declared a dividend of ¢0.016 per share for the fiscal year ending on June 30, 2023.
This dividend declaration is contingent upon approval by shareholders during the upcoming...
The telecommunications company MTN has issued an apology for the intermittent difficulties users have encountered when attempting to access mobile money services.
In a post on Twitter on September 29, the company acknowledged that...
The US oil benchmark briefly surged to $95 per barrel due to concerns over decreasing stockpiles at a crucial storage hub, which raised worries about a global drop in crude oil supplies.
West Texas Intermediate...
The Office of the Registrar of Companies (ORC) has successfully restored its software application system, which had been temporarily offline since September 25, 2023.
This development follows the ORC's previous announcement regarding the temporary shutdown...
Security Policy Expert, Anthony Acquaye, affiliated with the Centre for Security Dialogue and Peace Advocacy, has urged the Ministry of National Security to adopt a proactive strategy in preventing potential terrorist attacks within the...
Vodafone Ghana has notified its customers that starting from October 3, 2023, it will introduce a fee for cross-network mobile money transfers.
However, the company has not disclosed the specific rate for this fee...
Member of Parliament representing Bolgatanga Central, Isaac Adongo, expressed deep concern over the National Investment Bank's (NIB) financial crisis, attributing it to inadequate oversight.
He cited an instance where the bank's Managing Director, Samuel Sarpong,...
In a coordinated effort between the Ghana Police Service and the Data Protection Commission, five business executives have been apprehended for violations related to data privacy.
The arrests took place at various locations, including Care...
In Parliament, the Minority is sounding a cautionary note to the management of the Ghana National Petroleum Corporation (GNPC). They are advising against seeking approval for a $431 million loan facility.
The concern raised by...
The Minority in Parliament, has strongly opposed the Bank of Ghana's (BoG) proposal to transfer control of the National Investment Bank (NIB) to the Agricultural Development Bank (ADB).
According to the NDC MPs, this move...
The Ghana Revenue Authority (GRA) has announced its intention to expand its tax compliance measures to generate the necessary revenue for development. To identify tax infractions by companies or customers, the GRA has utilized...
Ghana's debt has reached GHS 575.5 billion, which is equivalent to 71.9% of the Gross Domestic Product (GDP), according to the Bank of Ghana (BoG) as of the first half of 2023.
This represents...
Political Scientist Dr Amoako Baah has pronounced doom on on the current government, the National Democratic Party (NPP), saying it will soon hit the rocks.
He expressed his view that the party is presently under...
The government has introduced a comprehensive National Energy Policy aimed at reshaping the country's energy sector to support its economic development objectives.
This extensive policy, which received cabinet approval earlier this year, encompasses various aspects...
Ghana-China trade to hit a record-high level of US$10.2 billion in 2022, up from US$6.67 billion in 2017.
More crucially, Ghana's exports to China surged by 60% last year, according to the Chinese Ambassador to Ghana,...
The Association of Oil Marketing Companies (AOMC) has urged the National Petroleum Authority (NPA) to address the increasing presence of Chinese oil haulage trucks in the downstream sector and clarify that the transportation of...
The Minerals Income and Investment Fund (MIIF) is contemplating an investment of GH₵300 million in the Ada-Songor Salt project, which is operated by Electrochem Ghana Limited, a subsidiary of the McDan Group of Companies.
This...
The intense competition within the local biscuit industry has escalated into a fervent legal battle between the industry's top contenders, Twellium Industrial Company Ltd, known for their Mcberry Biscuits, and Nutrifoods Ghana Ltd, as...
In 2022, the trade relationship between Ghana and China achieved an unprecedented milestone, reaching a record high of US$10.2 billion, compared to the 2017 figure of US$6.67 billion.
What's even more noteworthy is that...
Deputy Energy Minister, John Jinapor, has engaged in discussions regarding the loading and unloading of petroleum products by the Chinese company Sentuo Oil Refinery.
He questioned, "Why would a Chinese company bring in 300...
The trial of a blogger and an information technology professional, accused of inciting panic leading to withdrawals from dollar accounts in 2022, has commenced in an Accra Circuit Court.
Both have pleaded not guilty to...
Bright Simons, the Vice President of the policy think-tank IMANI-Africa, has asserted that the decrease in Ghana's cocoa syndicated loan amount does not reflect prudence on COCOBOD's part but rather signals a decline in...
It has been claimed that the drones purchased by the government to monitor galamsey activities in the country have become a white elephant.
According to a tweet by Ghana Mu Nsemsem and seen by GhanaWeb...
GOIL PLC is preparing to enter the West African bitumen market by introducing innovative products, including polymer-modified bitumen (PMB) and bitumen emulsion.
This move is part of the company's ongoing diversification efforts. GOIL started...
Executive Director of the African Coconut Group, Kwaku Boateng, has reported that approximately 1.8 million Ghanaians have found employment within the coconut sector.
This initiative aims to address the significant youth unemployment issue in...
Today, September 27, 2023, the Bank of Ghana's Interbank forex rates reveal the following currency exchange figures: the Ghana Cedi is trading against the US Dollar at a buying price of 11.0736 and a...
The Ministry of Finance has announced the successful acquisition of GH¢3.9 billion through its recently reopened domestic debt exchange initiative. The application window for this program closed on September 22, 2023.
In an official statement,...
Despite recent public outrage from the Minister of Foreign Affairs over corruption in passport application centers, middlemen referred to as 'Goro boys' are thriving at the Cape Coast Passport Office.
These individuals, in collaboration...
Former Minister of Trade and Industry, Alan Kyerematen, has shifted blame for the country's current economic challenges to the Minister of Finance, Ken Ofori Attah.
Alan, who resigned as Trade Minister earlier this year to...
Section 41 of the Value Added Tax Act stipulates that businesses must consistently issue VAT invoices, and failure to adhere to this requirement constitutes a violation of the law.
However, some businesses in Ghana are...
The planned US$620 million loan from Lukoil International Trading and Supply Company (LITASCO) SA to the Ghana National Petroleum Corporation (GNPC) will be forwarded to parliament for consideration next month, according to the Ministry...