The cedi faced renewed downward pressure last week, attributed to heightened corporate demand for foreign currency – particularly crude oil imports. The local currency depreciated by 1.48 percent against the US dollar, closing the week at a bid/offer rate of 15.75/16 on the retail market. It also fell by 2.80 percent against the British pound […] The post Rising

By Rashidatu IBRAHIM Total assets for the savings and loans (S&L) sector grew to GH¢7.6billion as at the end of 2023 from GH¢5.7billion in the previous year. The growth, according to Kwame Owusu-Boateng – Chairman-Ghana Association of Savings and Loans Companies (GHASALC), is driven primarily by growth in loans and advances to customers from customer […] The post S&L

Audit  firm PricewaterhouseCoopers (PWC), in its 2024 mid-year budget digest, is recommending the adoption of a digital approach for reintroducing road and bridge tolls. It explained that leveraging digital technologies, as seen in other revenue collection sectors, could significantly reduce revenue leakage and corruption. PWC proposed that government should implement a system wherein drivers use […] The post

Mr. Kwabena Boamah, Managing Director of Stanbic Investment Management Services  (SIMS), has attributed the growth of venture capital and private equity investments to the presence and participation of local players in the sector. Mr. Boamah made this assertion at a report dissemination workshop on the ‘State of Venture Capital and Private Equity in Ghana (1991 […] The post

By Nana ANTWI Following the decision by the Board and Management of the Social Security and National Insurance Trust (SSNIT) to seek a strategic investor to manage its hotels, there have been numerous media commentaries and write-ups regarding the process. While some of these opinions aim to educate the public on why it has become […] The post Propose

In full alignment with the United Nations Sustainable Development Goals, the Government of Ghana through the Ministry of Lands and Natural Resources officially launched the “Green Ghana Project” in March 2021. The Green Ghana Project aims at creating a greater economic and employment opportunities as well as supporting environmental sustainability. The Green Project is also […] The post

The Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has been awarded CEO of the Year Oil and Gas (Downstream) and the CEO of the Year Public Sector, respectively at the 3rd edition of the Ghana CEO awards 2024, held  in Accra. Both awards were given to Dr. Mustapha Abdul- Hamid […] The post NPA boss  wins  two

Bboxx Ghana celebrated a significant milestone with the  opening of its first retail shop in Kumasi. The company allows customers to own a smartphone and other essential products and services by paying an initial deposit, followed by small daily or weekly repayments over four to six months. The new store, located at Sofoline, opposite Prempeh […] The post Bboxx