Business – Page 13

Category: Business

Government to Meet with Transport Unions Regarding Fare Increases Amid Rising Fuel Prices

February 11, 2025

On February 11, 2025, the government is set to hold an important meeting with transport unions to discuss potential fare increases in light of surging fuel prices. The objective of these discussions is to find a balance between the financial challenges faced by transport operators and the need to maintain affordable public transport for commuters....

Labadi Beach Hotel denies allegations of having retracted its legal action against Polo Beach Club.

February 11, 2025

Labadi Beach Hotel has officially dismissed reports claiming it has withdrawn its legal case against Polo Beach Club. In a statement released today, the hotel emphasized that it remains committed to pursuing its legal actions, countering recent media speculation regarding the status of the ongoing dispute. Labadi Beach Hotel has officially dismissed reports claiming it...

Ghana and China’s bilateral trade totals $11.84 billion in 2024.

February 10, 2025

In 2024, Ghana and China’s bilateral trade reaching $11.84 billion marks a significant milestone in their economic relationship. This growth illustrates how deeply intertwined their economies have become over the years, especially as China has emerged as a key player in Africa’s economic landscape. Trade Composition The trade dynamics between Ghana and China encompass a...

New Ghana Tourism Development Company CEO reflects on first week in office

February 7, 2025

The newly appointed Acting Chief Executive Officer(CEO) of the Ghana Tourism Development Company (GTDC), Prof. Kobby Mensah, has shared reflections on his first week in office, marking a significant milestone in his leadership journey.In a post outlining his initial actions, Prof. Mensah expressed gratitude to President John Dramani Mahama for entrusting him with the role,...

COPEC Urges Government Action as Fuel Prices Surge Again

February 4, 2025

The Chamber of Petroleum Consumers (COPEC) is pressing the Ghanaian government for swift intervention to tackle the ongoing rise in fuel prices, which has now reached its third consecutive increase this year. Consumers are facing significant price hikes, with the first pricing window of February following a similar upward trend seen in January. Shell has...

Dr. Johnson Asiama is the new Governor of the Bank of Ghana.

January 31, 2025

Dr. Johnson Asiama

Demonopolise waste management to create more jobs-Murtala Muhammed

January 30, 2025

Ibrahim Murtala Mohammed

Ghana’s Petroleum Fund Investment Surges to $1.4 Billion

January 28, 2025

The Bank of Ghana has released its report on the performance of Ghana’s Petroleum Funds for the second half of 2024, revealing a significant increase in oil revenue and a substantial boost to fund allocations.According to the report, Ghana’s petroleum funds have grown to a staggering $1.4 billion, with a total of $543 million received...

Ghana Misses Inflation Target, IMF Talks Loom

January 28, 2025

Ghana’s inflation rate for December 2024 stood at 23.8%, exceeding the government’s 15% target and the Bank of Ghana’s revised target of 18%. This development has prompted fresh discussions with the International Monetary Fund (IMF) regarding policy adjustments.According to Bank of Ghana Governor, Dr. Ernest Addison, the 23.8% inflation rate has reached a critical threshold...

Ghana’s Booming Betting Industry: A Potential Game-Changer for Sports

January 28, 2025

DevelopmentGhana’s sports betting industry is experiencing unprecedented growth, with projected revenues expected to reach US$32.99 million by 2025. This burgeoning sector presents a unique opportunity for the country to tap into a new revenue stream and channel it into sports development.According to industry experts, the key to harnessing this potential lies in creating a structured...