BUSINESS

World Bank Group President David Malpass today, Thursday, 30 September 2021, called the current era of high inequality and reversals in global development progress a “time of upheaval,” and outlined steps to help boost economic growth, shorten the crisis, resume development, and lay a strong foundation for a future that is more prosperous and better prepared for global disasters like ...

The Institute for Energy Security (IES) has said within the second pricing window of September, the price of petroleum products saw a “marginal” increase in the local market. The local Oil Marketing Companies (OMCs), the Institute observed in a statement, increased their price of petroleum products by between 1 to 2 per cent at the pumps. The increase, IES indicated, ...

South African Airways (SAA) has relaunched flight services on the Johannesburg – Accra – Johannesburg route on Tuesday, September 28, 2021. A brief ceremony was organized at Kotoka International Airport to welcome the airline back to Accra. In March last year, SAA announced the suspension of the flights to to some African countries. Flights to African cities including Accra in Ghana, Lusaka ...

Qatar Airways announced on Monday that it suffered a more than $4bn loss in revenues over the last fiscal year, as lockdowns triggered by the coronavirus pandemic slashed demand for long-haul travel. The major loss, which the state-owned airline largely attributed to the grounding of its Airbus A380 and A330 wide-body jets, highlights the dramatic toll of the pandemic on ...

The Bank of Ghana has revealed that new loans and advances by banks totalled GH¢21.6 billion in the year to August 2021, marginally above the GH¢20.7 billion for the same period in 2020. Addressing the Monetary Policy Committee (MPC) press conference in Accra on Monday September 27, Governor of the BoG Dr Ernest Addison said the Non-Performing Loans (NPL) ratio ...

The Bank of Ghana (BoG) has kept the policy rate at 13.5 per cent. Speaking at the Monetary Policy Committee (MPC0 press conference in Accra on Monday September 27, Governor of the BoG Dr Ernest Addison said inflation has risen sharply over the last two readings, driven mainly by sustained food price increases. He added although food inflation has pushed ...

The Ministry of Food and Agriculture (MoFA) has stated that the government would soon import machinery to boost rice production and other agricultural yields in the country. These agriculture machines are expected to be purchased from Brazil and India. This came to light when the Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, visited the Global Africa Development Company ...

Bisa Technologies, one of Ghana’s leading software developing companies, has developed a new free mobile health application to provide public education on Covid-19 and respond to pressing questions from the public about the pandemic. Designed with the motive of reducing face to face doctor consultation and congestion at health facilities, the all-new Bisa App will allow patients to have direct ...

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will hold its 102nd press briefing on Monday September 27. This was announced by the central bank on Friday September 24. The MPC started its 102nd meeting on September 22, 2021 and concluded Friday September 24. The Monetary policy Committee is responsible for initiating proposals for the formulation of the monetary policies of the ...

The Ghana Revenue Authority (GRA) has described as false, recent notices on social media that it is recruiting. The GRA said such notices should be disregarded, as it is not recruiting. The GRA has, therefore, advised the public not to engage any person or group of persons claiming to be recruiting on its behalf. “Those who deal with such individuals ...