BUSINESS NEWS
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ECG’s debt to IPPs nears US$1bn
The Electricity Company of Ghana (ECG) owes Independent Power Producers (IPPs) some US$996million for power purchased. The arrears, accumulated between…
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Inflation hits 40.4% in October
Ghana’s year-on-year inflation rose to 40.4 per cent in October from 37.2 per cent in September, the Ghana Statistical Service…
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39 new free zones companies to inject $230m into economy
The Ghana Free Zones Authority has revealed that it expects about US$230 million to be injected into the economy from…
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Cedi records no depreciation for one week
The country’s ailing currency, for the first time in memorable weeks, has seen no weekly loss in value against the…
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Ken Ofori-Atta affirms government decision to embark on import substitution
Finance Minister Ken Ofori-Atta has affirmed government’s position of eliminating imports of products which can be produced in the country,…
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BEIGE Bank’s CEO hit with new charges of theft, money laundering
Michael Nyinaku, the founder of the defunct BEIGE Bank, is facing new charges of theft and money laundering. Before these…
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Fuel Prices Up Again; Petrol now selling at GH¢17.99, Diesel GH¢23.49
The price of diesel has increased to GH¢23.49 per litre, according to latest prices advertised by TotalEnergies at the pumps…
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Govt secures $145m World Bank credit for urban projects
The government has secured $145 million credit financing from the World Bank to fund the delivery of urban infrastructure in…
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Sika mpɛ dede – President Akufo-Addo on what caused the cedi depreciation
President Nana Addo Dankwa Akufo-Addo has stated that the recent depreciation of the Ghana cedi was caused by low inflows…
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Cedi appreciating against the Dollar – Forex bureau association
The President of the Forex Bureau Association of Ghana, K. T. Dadzie, has disclosed that the exchange rates have reacted…
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