Business News

ECOWAS finally adopts ECO as single currency

Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO. The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja….

Telcos record more than 2,000 fibre cuts in first half of 2019

The Mobile Industry experienced over 2,000 incidents of fibre cuts, and 600 incidents of theft at base stations affecting over 18 million subscribers within the first half of this year alone, data released from the Ghana Chamber of Telecommunications has…

Arla Foods launches DANO Coffee flavored milk in Ghana

Dairy company Arla Foods Limited has launched yet another exciting new milk flavour under the DANO brand, to meet the growing dairy needs of Ghanaian consumers. The DANO Coffee flavoured milk was unveiled in an elaborate ceremony at the plush…

Total Petroleum Ghana Limited paves way for better energy with its 4th solar-powered station

Total Petroleum Ghana Limited has converted its service station at Korle Bu into a solar-powered one. The Total Group is committed to a global solar program and is aiming to equip 5,000 service stations with photovoltaic solar panels around the…

Cedi once again Africa’s worst performing currency; fourth in the world – Adongo

Member of Parliament for Bolgatanga Central and Member of Parliament’s Finance Committee, Isaac Adongo has claimed that the Cedi has “reverted to its unenviable record of being the worst performing currency in Africa.” According to him, the Cedi is currently…

Cedi begins to tame US dollar

Government’s announcement of fresh dollars into the economy to arrest the unbridled appreciation of the United States dollar has succeeded in redeeming some value for the local currency against the greenback. The dollar was trading at GH¢5.60 a few weeks…

Deposits increase at GN Savings as local & regional banking enjoys success

Management of GN Savings says customer confidence is gradually being renewed in them due to the successes the company has been recording in recent times. According to the Chief Executive Officer of the company, Issah Adam, the recent successes can…

Using short term measures to support cedi not sustainable — Banking Consultant

The local currency, the Ghana Cedi experienced its strongest performance against the US Dollar in the past three months after gaining 8 pesewas to end Friday March 22, 2019, selling at GHC 5.16 on the interbank foreign exchange market. Historically,…

Government assures beverage industry of zero duties on imports of equipment

A Deputy Minister of Trade and Industry, Robert Ahomka-Lindsay has called on Small and Medium Beverage Enterprises to take advantage of the opportunities in the beverage industry for the industrial transformation of Ghana. Speaking at the 3rd Edition of the…

Cedi depreciation causes fuel price hike for a second time in March

Some Major Oil Marketing Companies (OMCs) have slightly adjusted upward the prices of petrol and diesel. Checks at various fuel stations showed that Shell and Total have increased the prices of petrol and diesel by six pesewas. The two companies…