Ghanaians should be expecting to pay more for transport fares again as the Ghana Private Road Transport Union (GPRTU) begins talks with government for an increment of existing fares following recent hikes in the cost of fuel. The Union introduced a 15 percent increase in transport fares barely a month …
Read More »Fuel prices are expected to shoot up by at least 5 percent from Wednesday, March 16, 2022, the Institute for Energy Security (IES) has projected. In its projections for the March, 2022 Second Pricing Window, which will take effect from March 16, 2022, to March 31, 2022, the IES said …
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Ghanaian entrepreneur, Nana Kwame Bediako ( Freedom Jacob Caesar) , has said the Bank of Ghana has more daunting issues to deal with, such as solving the cedi’s depreciation, than to worry about the launch of a certain Freedom Coin. Nana Kwame, who is also known as Freedom Jacob Caesar, …
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Dr Ernest Addison, Governor of the BoG The Bank of Ghana (BoG) has cautioned the public about the activities of a money-doubling scheme that operates under the name “BitCash Currency Exchange” and claims to have approval from the central bank.. The Bank of Ghana, in a notice, says it has …
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The price for a 50-kilo bag of cement is expected will be increased from the current ¢45 Ghana cedis to ¢55 per bag from next week. News gathered from JoyBusiness also indicates that the product’s price outside Accra will hit ¢60. Sources say the increment can be linked to the …
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From A Vision To A Million Dollar Cosmetics Brand Breaking Grounds In Africa Nzuri Cosmetics is a leading privately owned Cosmetics company in Ghana established in 2018. The Brand’s sole aim is to take over the cosmetics industry in Africa through innovative products. One of the outstanding pillars of the …
Read More »Cabinet has begun discussion on a possible subsidies for petroleum consumers, as the rising cost of fuel prices in the country bite hard at consumers. According to Deputy Minister for Energy, Andrew Agyapa Mercer, although it would come as a cost to the tax payer, Cabinet is taking the necessary …
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MTN Ghana has recorded ¢2 billion profit in 2021, an increase of 43.5% over the previous year. This was revealed in the company’s 2021 Financial Statement. MTN also saw its data revenue grow by 56.3% year-on-year to ¢2.769 billion. “This was a result of increased data traffic (+54.9%) owing to …
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The Ghana cedi has been classified as the worst of African currencies with the “Worst Spot Returns” by Bloomberg. Bloomberg pegs the depreciation of the cedi to the dollar at 8.86% between January 1, 2022 and February 25, 2022. It is followed by the Zambian kwacha with a depreciation of …
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The Ghana cedi has depreciated by 4.70% to the US dollar with only 45 days into the year, as pressure mounts on the local currency. This ranks it the second worst performing currency in Africa, among 15 top performing currencies. The Zambian kwacha which was one of the top performing …
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