Business

The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1, 2024.   This follows the slowdown in the depreciation of the Ghana cedi during the second half of July 2024 and the favorable international market dynamics. …

In spite of the estimated GH¢1.8 billion yearly value of Ghana’s lotto industry, the National Lottery Authority (NLA) rakes in about GH¢800 million, leaving the remaining GH¢1 billion in the hands of illegal lotto operators dotted across the country. The Director-General of the NLA, Sammi Awuku, who disclosed this in …

The Northern Electricity Distribution Company (NEDCo) has reported a loss of GH¢3.7 million to illegal power connections in the Northern region. However, following the issuance of summons to offenders, NEDCo has recovered GH¢1.5 million. Managing Director of NEDCo, Osman Ayuba informed the Public Accounts Committee of Parliament on Monday, August …

The Central Bank of Liberia has debunked reports of bankruptcy regarding two leading commercial banks operating in the country’s capital, Monrovia. One of the banks, known was SIB Liberia Limited, which is owned by Ghanaian millionaire, Dr. Papa Kwesi Nduom, was cited in a report published by frontpageafricaonline.com, with the …

The Centre for Climate Change and Food Security (CCCFS) has reiterated its opposition to Ghana’s adoption of Genetically Modified Organisms (GMOs), describing it as a ‘hasty’ move. The Savannah Agriculture Research Institute of the Council for Scientific and Industrial Research (CSIR-SARI) has released the country’s first GM product, a cowpea …

Ghana’s telecom giant MTN as part of its annual SME Month celebrations has opened a 3-Day Fair at the Tetteh Quashie Roundabout in Accra. The programme falls under MTN’s strategic plan to support the growth of SMEs in the country. The event, which is being organized under MTN Business, attracted …

Data from the Ghana Statistical Service indicate that prices of certain items have risen by over 40 percent compared to the same period in 2023. According to the data, fresh Okro topped the list with a year-on-year inflation of 87.8%, while fresh green pepper ranked second with a year-on-year inflation …

Inflation for the month of June has declined marginally to 22.8 percent. This represents a decline of 0.3 percentage points from that of the month of May which was at 23.1 percent. According to the Ghana Statistical Service, food inflation increased to hit 24.0% while non-food inflation decreased to 21.6 …

Under the leadership of Mr. Samuel Mwiniyorbu, a distinguished chartered accountant turned General Manager, Radio Progress has become a vital platform for dialogue, education, and entertainment. From the crack of dawn until midnight, the station offers a diverse array of programming that touches every aspect of humanity. Listeners eagerly tune …

Fuel consumers can expect some relief at the pumps as diesel and Liquefied Petroleum Gas (LPG) prices are set to decrease, marking the second consecutive drop in January. This announcement comes from the Chamber of Petroleum Consumers (COPEC) and takes effect on Wednesday, January 17, 2024. While the exact price …