BUSINESS

The inflation rate for August 2024 decreased to 20.4%, down from 20.9% in July, marking the sixth consecutive month of decline since March, when it was 25.8%. According to the government Statistician, Prof. Samuel Kobina Annim, the drop in inflation is attributed to a decline in food inflation, which fell to 19.1% in August, while non-food inflation rose to 21.5%. ...

The Mobile Money Advocacy Group (MoMAG) wants government to take immediate action to address the devastating impact of illegal mining, also known as’ galamsey’ on the country’s environment, economy and human lives. The group comprising mobile money agents has threatened to embark on a nationwide strike if government fails to do this. In a statement issued by the group, MoMAG ...

The Jamestown Fishing Harbour project has been completed and is set to be officially commissioned on Friday, September 13, 2024. This announcement was made by Eugene Arhin, the Director of Communications at the Presidency. The completion of this significant project marks a milestone in the government’s infrastructure development plans for Ghana’s fishing industry. In a Facebook post on Tuesday, 10 ...

AngloGold Ashanti plc and the University of Witwatersrand (Wits University) have announced a bespoke scholarship project that will benefit about 200 eligible students over the next five to seven years, the first 68 of whom have been selected to begin their studies in 2024. The R87.5 million Wits AngloGold Ashanti Legacy Scholarship Endowment will offer comprehensive funding and support over ...

Virgin Atlantic has announced its return to Ghana with the relaunch of daily flights between Accra and London Heathrow, set to commence in May 2025. This marks the first time since 2013 that the airline will operate this route, aiming to provide much-needed competition and choice for travellers. The new service is designed to meet the growing demand for travel ...

The Bank of Ghana (BoG) has advised the public to carefully consider their choice of next of kin, stressing that they select someone who is not only of legal age but also capable of providing relevant information about the account holder when necessary. This follows what the Central Bank describes as a “pervasive misconception that the person nominated as Next-of-Kin ...

The Finance Minister, Mohammed Amin Adam, has revealed that the government is considering extending the construction of the Kasoa to Winneba highway beyond its originally planned endpoint in Winneba. During an inspection tour of the highway alongside the Minister for Roads and Highways, Francis Asenso-Boakye, the Finance Minister assured that the Ministry of Finance is committed to releasing funds promptly ...

The Ghana Revenue Authority (GRA) has taken steps to educate journalists on the intricacies of taxation, with a training workshop aimed at enhancing their understanding of tax laws and procedures. The event, which brought together members of the Parliamentary Press Corps, was designed to equip journalists with the knowledge and skills necessary to accurately report on tax-related issues, and educate ...

GCB Bank says it recorded “strong profit growth” in the first half of 2024 (1H 2024) compared to the same period in 2023. The bank said in a statement that the “strong performance” was primarily driven by a “significant increase” in customer deposits year-to-date (YTD), coupled with “dedicated efforts at optimising operational efficiency.” The 1H2024 financial performance results from the ...

The government has placed an immediate ban on grain export to help address dry spells that have led to the disruption of crop production in eight regions of the country. The eight regions include Northern, Upper East, North East, Savannah, Upper West, Bono, Bono East and Oti. The farming communities in the last two months have not had rainfall, which ...