Category: Business

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Cocoa Processing Company shuts down

The Cocoa Processing Company (CPC) Limited has in the interim shut down two of its two cocoa processing plants due to operational...

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Customs Division takes over DICs

After 15 years of working with destination inspection companies (DICs), Ghana today dispenses with their services, handing over the task to...

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IMF board approves disbursement of USD 116m to Ghana

The IMF board has approved the disbursement of 116 million dollars to Ghana. This was after the board met today to review the country’s...

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Ghana stands to lose US$100m stashed in escrow account – ACEP warns

The Africa Centre for Energy Policy, ACEP, is worried Ghana could lose an amount of 100 million dollars which has been stashed in an escrow...

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Ghana earns $3b in revenue after four years of exporting crude oil

Ghana has earned 3 billion dollars from oil since the beginning of commercial production in April 2011. According to the Petroleum receipts...

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Cedi Falls

The local currency, cedi has depreciated sharply against major foreign currencies on the forex market in the past week. As at Saturday, 22...

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$700m World Bank Guarantee For Sankofa Gas

The World Bank recently approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project which will help...

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Fuel Prices Reduced Marginally

Most Oil Marketing Companies (OMCs) have reviewed downwards, the prices of petroleum products today. This is contrary to the Chamber of...

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Gov’t To Repay GH¢1.83bn External Debt

Government needs an additional GH¢1.83 billion, equivalent to $524 million to repay its external debt through additional external...

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Databank mutual funds outstrip targets

Databank Group’s mutual funds, namely MFund, BFund, Epack and ArkFund all recorded very impressive performances in the 2014 calendar...

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EU lifts ban on local airlines

The European Union Commission in charge of air safety has lifted a nine-year ban imposed on Ghanaian registered carriers from operating...

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Review of Ghana’s 2014 Economic Performance and Mid-Year 2015 Outlook

So, the Minister of Finance of Ghana was at Parliament yesterday to ask for an additional budget spending of GH¢866 million (US$270...