BUSINESS SPECIAL

Data from the Bank of Ghana reveals a significant uptick in mobile money transactions, indicating the growing adoption of digital financial services across the nation. The total volume of mobile money transactions saw an increase from 705 million in September 2024 to 728 million in October 2024, reflecting a notable …

The Bank of Ghana (BoG) has introduced the Ghana Gold Coin (GGC), providing a novel investment option for Ghanaians while enhancing the nation’s financial instruments portfolio. Launched on November 26, 2024, the GGC is available in three denominations: 1.00 oz at GH₵45,020.48, 0.50 oz at GH₵22,409.74, and 0.25 oz at …

Ghana is set to launch the highly anticipated Ghana Gold Coin (GGC), providing residents with a new investment opportunity. Dr. Steve Opata, an advisor at the Bank of Ghana, announced during an interview on Metro TV’s Bottomline program on September 30, 2024, that individuals interested in purchasing the coin will …

The Bank of Ghana (BoG) has officially launched the Ghana Gold Coin, providing a new investment option for Ghanaians under its gold purchase programme. The coins, which will be available for purchase in two weeks, aim to offer a stable alternative for investors. Speaking at the Monetary Policy Committee (MPC) …

The state-owned Cocoa Processing Company Limited (CPC) has recorded a loss of $9,568,898 in the first half of 2024, an increase from $9,155,700 during the same period in 2023, marking a 4.5% rise in losses. This increase is mainly due to higher operational costs, including selling, distribution, and financial expenses. …

Starting March 1, 2024, the Bank of Ghana (BoG) has opted to revise the balance and transaction limits for customers’ mobile money wallets in response to the increasing trend of transactional activities and evolving customer requirements. The adjustment, as disclosed by the Ghana Chamber of Telecommunications, aims to accommodate the …

  Nana Appiah Mensah, also known as NAM 1, the embattled Chief Executive Officer (CEO) of the now-defunct Menzgold Ghana Limited, has asserted his intention to reclaim his GH₵2.5 million from the Ghana Police Service. He insists that the police were not authorized to deposit the funds with the Bank …

In an official announcement, the Ghana Police Service has confirmed the receipt of GH¢2.5 million from Nana Appiah Mensah, the former CEO of Menzgold, and the subsequent deposit of this sum into the Bank of Ghana. According to a statement shared on X (formerly Twitter), the Police Service clarified that …

A recent visit to the Adabraka Fish Market in Accra by GBC News has brought to light an alarming surge in the prices of fish sourced from the Volta River. This price hike is attributed to the escalation of water levels and the spillage of excess water from the Akosombo …

The latest data released by the International Monetary Fund (IMF) during the IMF/World Bank meetings in Morocco on October 10, 2023, paints a more positive picture for Ghana’s economic growth in 2024, despite the challenges it has faced in recent times.   According to the IMF’s projections, Ghana is expected …