691 The Executive Secretary of Chamber Of Petroleum Consumers (COPEC), Duncan Amoah has entreated commercial transport operators to show a sign of good faith by reducing transport fares following recent reduction in fuel prices. Mr. Amoah said fuel prices are likely to reduce to GH¢15.00, when the first window opens on December 16, 2022. He […]
Business
Ghana’s inflation hits 50.3% for November
637 Continuous increases in prices of housing, electricity and fuel have pushed Ghana’s inflation rate to hit 50.3% for the month of November 2022. November’s inflation rate is a significant increase from the 40.4% recorded for October 2022. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) […]
Fuel prices to fall significantly from December 16, 2022
873Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute of Energy Security (IES) has projected. According to IES, the expected price drops would be significant due to the 6.60% appreciation of the cedi against the US dollar. It said the new prices will fall to about ¢13 […]
Sekyere Rural Bank PLC Records Profit
1,021 The Sekyere Rural Bank has recorded a profit before tax of GH1,527,458 representing an impressive growth rate of 71% over the previous year 2021 respectively. The growth and performance of the bank loan portfolio largely contributed to the bank’s commendable monetary performance. Addressing the Bank’s 32nd Annual General Meeting of Shareholders at Jamasi, the […]
Antoinette Kwofie Of MTN Named CFO Of The Year
1,501 MTN Chief Financial Officer, Antoinette Kwofie has been awarded Chief Financial Officer (CFO) of the year at the Women’s Choice Awards Africa 2022. The award was in recognition of her remarkable achievements, leadership, and influence. She was presented with a plaque and a certificate at the awards ceremony in Accra. Her achievements include breaking […]
Finance Ministry ‘celebrates’ cedi gains against dollar in Bloomberg report
726 The Ministry of Finance has noted recent wins by the national currency, the Ghana cedi, according to a Bloomberg report of December 9. The official handle of the Ministry shared a photo from the Bloomberg article showing the gains made by the cedi. The graphic that showed that the Ghana cedi had posted the […]
More goodies for MTN customers in the ‘season of sharing’
813MTN Ghana is set to put smiles on Customers faces through the “MTN Season of Sharing” this December. As a way of sharing in the spirit of Christmas and keeping friends and families connected to each other, MTN’s Season of Sharing’’, will offer customers gifts and special packages throughout the month of December. This year, […]
Ghana Cedi Tops World Performer– Bloomberg…As Dollar Drops Big
835 Ghana’s currency, cedi took the title of the world’s best performer against the dollar this week. The cedi which in previous weeks performed abysmally has suddenly gained weight becoming the best performing currency in recent days. There is strong indication that the debt distressed country is moving closer to unlocking an International Monetary Fund […]
Be ready to purchase your wards books at higher prices-GNAAP to parents
838 The Ghana National Association of Authors and Publishers has urged parents and guidance to accept the high prices of books for Pre-Schools and basic schools textbooks to go cash and Carry and high cost. Mr John Akwasi Amponsah, President of the Association at a press conference explained that, the current economic circumstance in Ghana […]
GUTA locks over 50 shops belonging to Nigerians in Kasoa
703 Some Nigerian traders in Kasoa in the Awutu Senya East District of the Central Region whose shops have been locked by the Ghana Union of Traders Association (GUTA) for more than three days want government’s intervention in the matter. According to the Nigerian traders most of whom are members of the Nigerian Union of […]