August 16th, 2019

Banks increase minimum deposit required to open savings accounts – BoG report

Despite the emergence of mobile money services, banks on the average are demanding more money from customers to open savings accounts, data from the Bank […]
August 16th, 2019

H1 2019: Oil revenue falls by US$112.71m

In the first half of 2019, Ghana received US$311.22 million from the three oil fields – Tweneboa, Enyenra and Ntomme (TEN), Jubilee field and Sankofa […]
August 16th, 2019

AU, ECOWAS and gov’t delegations discuss Rosewood problem

It is now on record that the unsustainable and illegal exploitation of the African Rosewoods species (scientifically known as Pterocarpus erinaceus), is not just a […]
August 16th, 2019

Tullow Plc makes discovery of oil in Guyana

Tullow Plc has made oil discovery in its Jethro-1 exploration well, drilled on the Orinduik licence offshore in Guyana. The well is expected to hold […]
August 16th, 2019

US $434.5m petroleum revenues recorded in first half of 2019

For the first half of 2019, the country made a total of US$ 434.5 million in oil sale proceeds from its three operational oil fields […]
August 16th, 2019

Cost of shipping to go up by 20% worldwide

The cost of shipping is set to increase by about 20 percent worldwide from 1st January 2020, when the full implementation of the International Maritime […]
August 16th, 2019

Banks increase minimum deposit required to open savings accounts – BoG report

Despite the emergence of mobile money services, banks on the average are demanding more money from customers to open savings accounts, data from the Bank […]
August 16th, 2019

Architecture and Design Festival launched to celebrate the evolving Ghanaian skyline

The Ghana skyline has seen a dramatic uplift in recent years as a result of the rise in high end office and apartment buildings. Communities […]
August 16th, 2019

MCC, gov’t officials meet in US over ECG concessionaire deal

The Millennium Challenge Corporation (MCC) has begun a series of meetings with some government officials in the US. JoyBusiness understands that these engagements are supposed […]
August 16th, 2019

Use quantitative techniques to boost economic growth – Charles Barnor

Pro-Vice Chancellor of the University of Professional Studies (UPSA), Charles Barnor, has called on institutions in the country to consider the usage of quantitative techniques […]
August 16th, 2019

Bank of Ghana bans commissions on deposits

The Bank of Ghana has issued a stern warning to Banks and Special Deposit-Taking Institutions (SDI) against the payment of facilitation/business development fees or any […]
August 16th, 2019

Car dealers welcome withdrawal of luxury vehicle tax

Dealers in luxury vehicles in Accra have welcomed government’s decision to suspend the luxury vehicle tax, saying it would help revive their business which went […]
August 16th, 2019

Hotel room rates in Accra ranked 2nd in Africa after Addis Ababa

Ghana’s capital, Accra, with over 400 hotels, has been ranked second in Africa as a place with the highest average daily rate (ADR), according to […]
August 16th, 2019

Horticultural exporters worry about consequences of Brexit on trade

Golden Exotics Limited, a horticultural company noted for its pineapple and banana exports to Europe is unclear what Britain’s imminent departure from the European Union […]
August 16th, 2019

Government will tap potential of Fumbisi rice valleys – Akufo-Addo

The government is to bring together relevant agencies to tap the full potential of rice valleys of Fumbisi in the Builsa South District in the […]
August 16th, 2019

Government tackling ageing farmers problem – Minister

Deputy Minister of Agriculture in charge of Horticulture, George Boahen Oduro, says government is applying a number of measures to tackle the issue of growing […]
August 16th, 2019

Ghana yet to decide on cocoa farmgate price – Cocobod

Ghana will not make a decision on a cocoa farmgate price until an industry committee meets to discuss it in September, a spokesman for the […]
August 16th, 2019

Stop importation of fertilizers – Bawumia tells Cocobod, Agric Ministry

Vice President, Dr. Mahamudu Bawumia has charged the Ministry of Agric and Cocobod, the two-state agencies largely responsible for the importation of huge portions of […]
August 16th, 2019

1D1F: Over 200 jobs created, several more to come – CEO of Glofert

More than 200 unemployed youth are to benefit through direct and indirect jobs following the commissioning of a fertilizer Blending factory under the President’s flagship […]
August 16th, 2019

Drop lending rates – Deputy Trade Minister tells banks

Deputy Trade and Industry Minister, Carlos Ahenkorah has urged banks in the country to drop lending rates to enable Medium Small and Micro Enterprises (MSME’s) […]
August 16th, 2019

Hills Oil Marketing Company refutes tax, excise duty default claims

Hills Oil Marketing Company says media reports suggesting that it defaulted in the payment of excise duties, taxes and levies amounting to GHS 64,024.80 is […]
August 16th, 2019

Glofert Limited is here to ‘save’ Ghana’s total demand for fertilizer – Bawumia

Vice President of the Republic, Dr Mahamudu Bawumia has stated categorically that the newly commissioned fertilizer blending plant in the country, Glofert, which produces over […]
August 16th, 2019

Glofert launches Ghana’s largest fertilizer processing company

Ghanaian farmers seeking the right fertilizer to apply on their farms can now heave a sigh of relief with the commissioning of a new fertilizer […]
August 16th, 2019

Mobile money operators to submit data to credit bureaus — BoG

The Financial Stability Department of the Bank of Ghana has revealed that new regulations currently before Parliament when approved will require mobile money companies among […]
August 16th, 2019

Veep commissions ultra-modern fertilizer blending factory at Asuboi

Vice President Dr Mahamudu Bawumia on Thursday commissioned a US$ 4.5 million fertilizer blending plant with an installed capacity of 840,000 metric tonnes per annum. […]
August 16th, 2019

Upper East Region consumes only 1% of LPG – NPA

The Chief Executive Officer (CEO) of National Petroleum Authority (NPA), Mr. Alhassan Tampuli has revealed that the Upper East Region has recorded a very low […]
August 16th, 2019

Anum Rural Bank holds 36th Annual General Meeting

Chairman of the Board of Directors of the Anum Rural Bank, Mr. Daniel Adu Appea has said that the total assets of the bank rose […]
August 16th, 2019

Unemployment rate in Ghana drops

Mr Ignatius Baffour-Awuah, the Minister of Employment and Labour Relations, has said the rate of unemployment in the country has reduced from 11.9 per cent […]
August 15th, 2019

Ghana spends over US$100 million on tomatoes and onions annually

A study by the Agency for Health and Food Security (AHEFS), a non-governmental organisation (NGO) has revealed that Ghana spends over US$100 million on the […]
August 15th, 2019

SSNIT pensions: 13 defaulting employers to be prosecuted – Employment Minister

The National Pensions Regulatory Authority is implementing a Sanctions Regime to enforce compliance and instil discipline in the pensions industry. As a result, the authority […]
August 15th, 2019

Drop lending rates – Deputy Trade Minister tells banks

Deputy Trade and Industry Minister, Carlos Ahinkorah has urged banks in the country to drop lending rates to enable Medium Small and Micro Enterprises (MSME’s) […]
August 15th, 2019

25 Days of WOW ends with more networking for participants

The “25 days of Wow event” which brought together about 32 hubs for a cross regional tour to engage entrepreneurs and other stakeholders in co-creating […]
August 15th, 2019

Cybersecurity policy: MTN Ghana calls for broader consultations with stakeholders

The General Manager of Mobile Financial Services, MTN Ghana, Eli Hini has called for a further and broader consultation with major stakeholders before a policy […]
August 15th, 2019

ICE Africa to bring together Africa’s iGaming industry for the second year

For the second consecutive year, one of the most important iGaming events in the world is coming to Africa. Between the 2nd and 3rd of […]
August 15th, 2019

No decision taken on cocoa producer price — COCOBOD

The Ghana Cocoa Board (COCOBOD) has denied media reports that it plans to increase the producer price paid to cocoa farmers in the 2019/20 cocoa […]
August 15th, 2019

Stop paying business development fees to mobilise deposits – BoG

The Bank of Ghana (BoG) has directed Banks and SDIs to desist from the payment of facilitation and business development fees or any other fees […]