Friday , March 29 2024 12:43 am

Business

Deteriorating Business Conditions May Soften BoG’s Hawkish Stance – Report

Ghana’s Purchasing Managers Index (PMI) for August 2022 showed a contraction in business activity in the private sector as it declined to 45.9 per cent, as against 48.8 per cent in July 2022. According to the Weekly Fixed Income Update by Databank Research, the deteriorated business conditions come on the …

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Angola, Libya Overtake Nigeria As Africa’s Biggest Oil Producer

Angola and Libya have overtaken Nigeria as the biggest crude oil producers in the African continent.The Organisation of the Petroleum Exporting Countries (OPEC) disclosed this in its Oil Market Report for September 2022 releases on Tuesday September 13 in Lagos. The report revealed that Nigeria’s crude oil production for August …

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Inflation Heads Towards 35% In August 2022

Amid the macroeconomic developments during August 2022, market watchers anticipate a 33 to 35 percent (± 0.5) consumer inflation for the month. This will further place inflation about 3.5x over the Bank of Ghana’s upper policy target of 10 percent, and substantially well outside the long-maintained medium-term policy bracket. Although …

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Izwe Savings & Loans Supports Chiraa Hospital in Sunyani with Medical Equipment

Izwe Savings and Loans has presented hospital equipment to the maternity ward of the Chiraa hospital in the Sunyani West Municipality of the Bono Region. Chiraa is a heavily populated community which shares boundaries with four districts in three regions of Ghana. The only health center in the community, upgraded …

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Cedi Is Third Strongest Currency In Africa- John Kumah

A Deputy Finance Minister, John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant to undermine the government’s fiscal measures in halting the free fall of the cedi against the dollar. He stated that the …

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Wisdom Summit: Tobinco’s Comments Taken Out Of Context

Comments by the Executive Chairman of the Tobinco Group of Companies, Elder Nana Amo Tobbina I, at the recent Wisdom Summit, have been taken out of context. Elder Nana Amo Tobbin I was reported to have said, “Resign If Your Transportation To Work Is More Than Your Salary.” This has …

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EuroPrima Ind. Ltd Annual Customer Gathering Event Held In Accra

EuroPrima Industries Ltd, the official and exclusive distribution partner of SoKlin in Ghana, held its bi-annual National Customer Gathering event at the plush Kempinski Gold Hotel in Accra on 10th September 2022. The essence of the event was to review the existing business relationship and short-term strategic direction for both …

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Maiden AfriCaribbean Trade And Investment Forum Kicks Off In Barbados With Bawumia In Attendance

Vice President of the Republic of Ghana, Dr Mahamudu Bawumia, would represent Ghana at the maiden edition of the AfriCaribbean Trade and Investment Forum in Bridgetown, Barbados. The forum runs from Thursday, September 1st 2022 till Saturday, September 3rd. It will be held at the Lloyd Erskine Sandiford Centre (LESC) …

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GH¢1.1m Paid As Salaries To “3 Ghost Names” At Finance Ministry Recovered – Minister

A Deputy Minister of Finance, John Ampontuah Kumah has disclosed that questionable salary payments amounting to GH¢1,112,896.00 made at the Ministry have been recovered. The payments were captured in the Auditor General’s report on Ministries, Departments and Agencies which said the amount was salaries paid to three people for the …

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Over Ghc 19m of BOST Funds Locked Up In Financial Institutions – Auditor General’s Report

It has been established by the Auditor General after a review of Bulk Oil Storage And Transportation Company Limited (BOST) Board’s policy documents that, the Board has no policy guidelines on how BOST’s financial resources should be invested but they did an investment with some financial institutions leading to lock …

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