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Business News

  • No food safety issue with milk products from Nestlé – FDA

    The Food and Drugs Authority (FDA) has said there is no food safety issue with the milk products from Nestlé The FDA said in a statement signed by its chief executive officer, Delese Darko that...[READ MORE]

  • Fuel price hike: COPEC reiterates calls for review of tax build-up

    Following an earlier projection by the Chamber of Petroleum Consumers Ghana (COPEC) that prices at the pump may go up by at least 20 pesewas, various Oil Marketing Companies (OMCs) have begun increasing their prices marginally. Some of the OMCs, however, increased the price of the fuel by just 5 pesewas, despite the price hike of the commodity on the international...[READ MORE]

  • Drivers threaten to increase fares by 40% from January 17

    A group of drivers known as the Concerned Drivers Association of Ghana has threatened to increase transport by 40 percent. According to the group, the proposed increase has been necessitated by fuel price hikes at the pumps, the increment in prices of vehicle parts, among others. The increment, according to the group, will begin on Monday, January 17,...[READ MORE]

  • Debt loads in developing economies have spiked – World Bank

    From uneven economic recovery to unequal access to vaccines; from widening income losses to divergence in learning, COVID-19 has had a disproportionate impact on the poor and vulnerable in 2021. It is causing reversals in development...[READ MORE]

  • MTN justifies decision to increase fibre broadband and turbonet bundle prices

    MTN Ghana has justified the 50 percent increase in fibre broadband and turbonet bundle prices. The network company from January 4, introduced new rates of Fibre broadband and Turbonet bundle prices, increasing by almost 50% with 90 days validity. Customers of MTN Ghana and Ghanaians in general have since Tuesday complained about the astronomical increase in...[READ MORE]

  • Be circumspect in your debt accumulation in 2022 – Prof. Quartey to Gov’t

    The government has been urged to be circumspect when it comes to borrowing in the year 2022. This is according to the Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana Professor Peter Quartey. A close look at the Summary of Macroeconomic and Financial Data from the Bank of Ghana shows that Ghana’s...[READ MORE]

  • GCB Bank rebrands as GCB Bank PLC

    GCB Bank Limited has issued a statement to officially inform the general public and stakeholders that its corporate name has been changed from GCB Bank Limited to GCB Bank PLC, as per a resolution passed by the shareholders of the Bank at its Annual General Meeting on 25 March 2021 and subsequent publication of the new name on the 1st November 2021...[READ MORE]

  • SSNIT and NIA numbers merger extended to June 30

    Following the long queues at the various centres, the Social Security and National Insurance Trust (SSNIT), has extended the deadline for Members of the Scheme to merge their SSNIT and NIA...[READ MORE]

  • Finance Ministry agrees to further engagement on benchmark reversal

    The Finance Ministry has agreed to further engagement on discounted benchmark reversal after crucial meeting with other stakeholders. The meeting was attended by the Finance Minister Ken Ofori Atta, trade union leaders, Customs and the Ghana Revenue Authority (GRA) to conclude on what was termed” satisfactory values for importation”, TV3’s Nancy...[READ MORE]

  • GSE ends 2021 as Africa’s 2nd best stock market

    The Ghana Stock Exchange ended last year as Africa’s 2nd best performing stock market , in both dollar and cedi terms. In dollar terms, the exchange recorded 38.59 per cent return for investors, whilst investors enjoyed 43.66 per cent gain in local term. The Lusaka Securities Exchange was however the best performing stock market in Africa, registering...[READ MORE]

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