Business Articles

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.   On October 14th, 2022, Lemonade Finance announced seasoned media personality and serial entrepreneur Deloris Frimpong Manso …

Lemonade Finance presents Dr Likee in “Wo bεka nukrε”   Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.   On October 14th, 2022, Lemonade Finance …

The Ghana Revenue Authority (GRA) has indicated that workers who receive their salaries through mobile money platforms will have E-Levy charges on them. According to a Principal Revenue Officer and Head of the Project Management Unit at GRA, Isaac Kobina Amoako, workers should brace themselves for this, starting May 2022. …

The cedi recorded an 18.21% rate of depreciation to the US dollar in the first quarter of 2022, according to Bloomberg. This still ranked the local currency as the worst among African currencies with the “Worst Spot Returns”. However, for the timely intervention by the Bank of Ghana, the situation …

Sachet water price is expected to increase from today, April 1. According to the National Association of Sachet and Packaged Water Producers (NASPAWAP), the new price of packaged water is informed by the increasing cost of raw materials and fuel and the cedi’s depreciation. Barring any hitches, a water sachet …

The Ghana Chamber of Bulk Oil Distributors (COBD) has forecast an up to ¢1 per litre reduction in fuel  prices by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions, aimed at reducing the prices at the …

Finance Minister, Ken Ofori-Atta, has announced that government will from April 1, 2022, reduce fuel price build-up margins by 15 pesewas per litre. According to Mr Ofori Atta, the reduction is aimed at mitigating “the impact of the rising price of petroleum products at the pump, for the next three …

The Ghana Private Road Transport Union (GPRTU) has revealed that it hopes to adjust transportation fares upwards by 20%. According to the Union, the decision will be finalised after it engages government on its proposal. The Union argues that the adjustment has become necessary following the significant increase in fuel …

From Nigeria to Uganda down to Zimbabwe, petrol prices are soaring. This is a major problem that has been exacerbated by a number of factors, including the increasing scarcity of the commodity. In Africa’s most populous country Nigeria, petrol has been scarce for nearly one month. An earlier report by Business …

The Bank of Ghana has been urged to increase the Policy Rate – the rate at which it lends to commercial bank – by 200 basis points from 14.5% to 16.5% to stem inflation. According to the Institute of Economic Affairs, this will increase the attractiveness of cedi-denominated assets to …