Category: Top Stories
-
Rising inflation may adversely affect purchasing power of consumers – Economist
Economist with Databank Courage Martey says the rising level of inflation if unchecked could impact the purchasing power of Ghanaians. The current year-on-year inflation rate of 10.6% for the month of September is the highest since July 2020 and higher than the government’s end of year target of 8 percent. For four months in a…
-
Nigerian traders present documents to Ghana’s presidential taskforce on trade
Nigerian traders engaged in Ghana’s retail space who have presented legal documents for the registration of their businesses will be able to conduct their operations peacefully. This follows the presentation of documents of such traders by the leadership of the Nigerian Union of Traders Association (NUTAG) to the new presidential taskforce set up by the…
-
Inflation for September 2021 jumps to 10.6%; highest figure since August 2020
Data from the Ghana statistical service has revealed that the year-on-year Inflation rate for the month of September 2021 has jumped to 10.6 percent from the 9.7 percent recorded in August. According to the Ghana Statistical Service, the figure recorded as inflation for September is the highest since post-COVID-19 which dates back to August 2020.…
-
Opportunity International holds clients forum for cocoa farmers
Opportunity International Savings and Loans (OISL) as part of its corporate mission to transform the lives of smallholder farmers through its Agriculture finance programme has organized a farmers’ forum for cocoa farmers. The Agricultural programme which started in 2010 has disbursed a cumulative loans amounting to GHS190 million to 161,000 smallholder farmers and SMEs businesses…
-
Comply with consumer protection policies – BoG to banks
Governor of the Bank of Ghana, Dr. Ernest Addison, is asking banks in the country to comply with the consumer protection policy governing the sector. This forms part of the Central Bank’s effort to ensure the comfort and safety of consumers are well attended to. Section 3 of the Banks and Specialized Deposits-Taking Institutions Act…
-
Tourism Authority begins robust measures through ‘Ghana Cares’ to boost growth in sector
The Ghana Tourism Agency (GTA) says it has begun training over 10,000 hospitality and tourism site operators who have so far been enrolled on the Tourism component of the Ghana Cares Obaatampa Program, which focuses on improving businesses through series of training. According to GTA, this is to augment the government’s intervention efforts following the…
-
Food prices to soar despite removal of some fuel levies – GAWU
The General Agricultural Workers Union (GAWU) says the removal of the Price Stabilization and Recovery Levies (PRSL) on petrol, diesel, and LPG for the next two months will have little to no effect on the prices of foodstuff in the markets. Considering the fact that major food produce have to be transported over long distances…
-
Plans far-advanced to re-introduce reviewed Agyapa Royalties Agreement to parliament – Ofori-Atta
Minister for Finance, Ken Ofori-Atta, has reiterated government’s intention to address all issues raised by stakeholders about the proposed Agyapa Minerals Royalties deal before re-introducing it to parliament. According to him, the botched deal has been reviewed by the Attorney General’s office and will be re-submitted to parliament soon. The Finance Minister made this known when…
-
Economist backs World Bank’s 9.8% end-of-year inflation rate projection for Ghana
The World Bank has projected that Ghana would end this year with an inflation rate of 9.8 percent. This forecast in the Africa Pulse Report by the World Bank falls within the Bank of Ghana’s target of 8 +/-2%. “In Ghana, weak domestic currency combined with a rise in food prices pushed headline inflation from…
-
Bankers Association charges merchants to be vigilant to reduce ATM fraud
The Ghana Bankers Association has called for extra vigilance on the part of merchants providing goods and services in order to help reduce ATM or card fraud. The 2020 fraud report from the Central Bank revealed among other things that, ATM or Card fraud recorded a loss value of approximately GH¢ 8.19 million in 2020,…