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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 …
Read More »MTN Ghana Records ¢2bn Profit In 2021
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 …
Read More »Bloomberg Classifies Cedi As Worst Of “Worst Spot Returns” Of African Currencies
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 …
Read More »Cedi Depreciates 4.70% To Dollar In Only 45 Days Of 2022
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 …
Read More »First Batch Of GB Foods ‘Twa W’anum Na K) Spain’ Promo Winners Rewarded
GB Foods Ghana, one of the leading FMCG companies in Ghana and manufacturers of Gino and Pomo range of products has rewarded the first batch of winners in the “Twa w’anum na k) Spain promo” in Accra. These prizes were given after the 1st two weeks ranking of consumers with …
Read More »Commissioner Of Insurance, Dr Justice Ofori Wins CEO of The Year
Dr. Justice Ofori, Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission (NIC), has won the Chief Executive Officer (CEO) of the year 2021. Ghana Leadership Awards, the Leader of Insurance Regulation and Supervision in Ghana held the ceremony at the Accra City Hotel to award the …
Read More »2022 Budget: Government Announces E-levy On Mobile Money Transaction
The government, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy. It will be a 1.75 percent charge on all electronic transactions. This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable. Transactions covering mobile …
Read More »GB Foods excites consumers with ‘Twa w’anum na k)’ Spain Promotion’
GB Foods Ghana, leading manufacturers of Gino and Pomo tomato mix and other products, has a partnership deal with La-Liga in Spain. As part of this deal, GB Foods Ghana launched a special Consumer Promotion to reward loyal consumers of the Gino and Pomo brands. Dubbed ‘Twa w’anum na …
Read More »Government Completes Takeover Of AirtelTigo
The government of Ghana has completed the takeover of the ownership of AirtelTigo, Bharti Airtel has disclosed in a regulatory filing to the Bombay Stock Exchange. “This is in further to our announcement dated October 27, 2020, and April 16, 2021, regarding Government of Ghana’s takeover of ownership of Airtel/Tigo …
Read More »Desist From ‘Worldremit’ Scheme, It’s Fraudulent – BoG Warns Public
The Bank of Ghana is warning the general public to be wary of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”, saying, the scheme is fraudulent and does not reward investors as promised. According to the Central Bank, this fraudulent scheme is distinct from the globally renowned …
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