Business

Government has indicated it will from tomorrow, Wednesday, April 8, 2020, take delivery of the first batch of locally produced nose masks as announced by the President. According to government, five companies have been engaged by the Ministry of Trade and Industry to produce a total of 3.6 million masks …

The Minority has called on the government and the Oil Marketing Companies (OMC’s) to further reduce fuel prices by some 20 percent as oil prices on the world market continue to tumble. The call by the minority comes after fuel prices went down by some 4.7 percent on March 17 …

The Greater Regional Branch of the Ghana Private Road Transport Union (GPRTU) says it may reduce the number of passengers who board its commercial buses. GPRTU said the move is part of precautionary measures the union is considering to reduce the spread of COVID-19 in Ghana which also falls in …

Markets in the Greater Accra Region have closed down for a disinfection exercise being undertaken by the government. The exercise has become necessary following the confirmation of over a dozen case of COVID-19 in Ghana. Obuoba fm, is monitoring the exercise at the Makola Market said all traders had heeded …

The Government will launch a new payment system known as the ‘Universal QR Code’ by March 24 to provide customers with an easy option for digital payment on business transactions. The Universal QR Code is the world’s first interoperable payment acceptance solution and provides customers with an easy option for …

The government has assured local car dealers that they will not be left out in the cold when the ban on salvaged vehicles and used vehicles older than 10 years comes into force. The Automobile Dealers Union Ghana is opposed to the government’s new policy which will take effect with …

Spare parts dealers at Abosey Okai have expressed fears they will run out of stock if the spread of the novel Coronavirus continues. According to Clement Boateng, the National Organiser of the Ghana Union of Traders, most of the spare parts and other import products used in Ghana are brought …

Inflation rate for the month of January declined marginally. It dropped to 7.8 per cent. The development should mean that even though inflation was increasing last month, the rate of increase in January was a little slower, compared to December 2019. According to the Government Statistician, Profession Samuel Kobina Anim, …

Barclays Bank Ghana will be changing to Absa Bank Ghana in line with its parent company, Absa Group’s decision to rebrand all its operations in Africa by mid-2020. People have been wondering what they can expect from the Bank that is committed to bringing customers’ possibilities to life. Absa Group …

Ghana’s cedi, the world’s best-performing currency against the dollar this year, extended its advance on Monday as investors await a Eurobond sale that would bolster the government’s coffers. The currency of the world’s second-biggest cocoa producer has strengthened 3.4% in 2020, the most among more than 140 currencies tracked by Bloomberg, a turnaround …