Category: Top Stories
-
COVID-19 testing for ECOWAS nationals reduced to $50 – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo says testing for COVID-19 for all nationals of ECOWAS have been capped at $50 following the 58th Ordinary Session of the Authority of Heads of State and Government of ECOWAS held on Saturday, January 23, 2021, via video conferencing. In a national broadcast on Sunday, January 31, 2021, Nana Akufo-Addo…
-
Mobile Money Interoperability transactions went up by 367% in 2020
Latest data from the Ghana Interbank Payment & Settlement Systems (GhIPSS), indicate that a total of 43.9 million transactions were processed under the Mobile Money Interoperability (MMI) system in 2020, representing a 367% increase from the 9 million transactions processed in 2019. According to the report, the MMI performance was driven by three use cases…
-
Ghana’s debt stock rises to nearly 75% of GDP, as COVID-19 expenditure grows
Ghana’s debt situation continues to deteriorate as shown by new figures released by the Bank of Ghana. Total public debt stock at the end of November 2020 rose to GH¢ 286.9 billion representing a year-on-year increase of 33.69% over the total public debt stock recorded at the end of November, 2019, adding more pressure on…
-
Akufo-Addo’s new government must focus on paying local contractors – Construction Chamber
The Ghana Chamber of Construction Industry says it expects President Akufo-Addo’s government to prioritise paying local contractors for executed projects. Emmanuel Cherry is the Chief Executive Officer of the construction chamber and according to him addressing this challenge will significantly help in building the struggling local construction industry. “As we speak now there is a…
-
Global oil prices to hit 60 dollars a barrel, 1st quarter 2021 – Analyst
Energy Consultant, Dr Yussif Sulemana is predicting that oil prices on the global market are likely to hit 60 dollars per barrel in the first quarter of 2021. Currently, Brent crude oil is selling for about 55.78 dollars per barrel increasing by a little over 4 dollars since the start of the year. Dr Sulemana…
-
Lack of UK-GH Brexit deal threatening jobs in tuna industry
The lack of a new trade deal between Ghana and the United Kingdom (UK) post-Brexit, is threatening thousands of jobs in the tuna industry in Ghana. So far, the UK has inked post-Brexit trade deals with 13 African countries including Kenya, Ivory Coast and South Africa among others, which allows them to export some of…
-
Commodity Brokers excited about positive outcomes of rice listing on GCX
The Commodity Brokers Association of Ghana has projected rice to be one of its bestsellers in the coming months. This comes only about a month after the Ghana Commodity Exchange (GCX) added rice contracts to the number of commodities traded on its electronic trading platform in December last year. The association says this projection is…
-
Africa World Airlines to begin flights to Ho airport for GHS99 by end of April 2021
Africa World Airlines (AWA) is set to start the commercial use of the Ho airport which has been lying fallow since its completion in 2016. The facility, according to the Ghana Airport Company Limited, will cut travel time between Ho and Accra from 3 hours by road to about 30 minutes by air. The Head…
-
Follow COVID-19 protocols or we risk another lockdown- GUTA to traders
The Ghana Union of Traders Association (GUTA) is admonishing its members to ensure strict compliance with the COVID-19 protocols as they conduct their businesses. According to the association, the call has become necessary due to another spike in the number of cases recorded in Ghana. In an interview with Citi Business News, President of the…
-
Digital transactions for 2020 up by 103% – GhIPSS report
In spite of the ravaging impact of COVID-19 on people’s lives and the operations of businesses in Ghana, digital payment and settlement products under the Ghana Interbank Payment & Settlement Systems (GhIPSS) saw impressive increases in both volume and value for the year 2020 compared to the same period in 2019. Latest data from GhIPSS…