Business

GSE signs MoU with MIIF to increase listing of mining companies

by OmankyeameBusinessNewsMarch 24, 2023

The Ghana Stock Exchange (GSE) has signed a Memorandum of Understanding (MoU) with Minerals Income Investment Fund (MIIF). This MoU was signed with the view to establish a practical framework…

China to seek proper resolution with Ghana over $1.7bn debt

by OmankyeameBusinessNewsMarch 23, 2023

China would like to enhance communications with Ghana to seek a proper resolution of Ghana’s debt issue, its foreign ministry said on Thursday, March 23. Spokesperson Wang Wenbin made the…

Don’t approve 5% tax on beverages, widen tax net – Food and Beverage Association tells government

by OmankyeameBusinessNewsMarch 23, 2023

The Food and Beverage Association of Ghana (FABAG) is up in arms over some tax proposals currently in Growth and Sustainability Bill. The Association’s Executive Director, John Awuni is urging…

IMF bailout to depend on government’s ability to achieve 55% of debt to GDP – Fitch

by OmankyeameBusinessNewsMarch 23, 2023

The International Monetary Fund support for Ghana will likely depend on the government’s ability to show a path towards bringing the present value of debt to 55% of Gross Domestic…

Producer Price Inflation for February 2023 was 50.8% – GSS

by OmankyeameBusinessNewsMarch 22, 2023

The Producer Price Index (PPI) rate for February 2023 was 50.8 percent, the Ghana Statistical Service (GSS) has announced on Wednesday, March 22. This rate indicates that between February 2022…

Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC’

by OmankyeameBusinessNewsMarch 22, 2023

International rating agency, Fitch, has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The issue ratings on local-currency bonds issued domestically that have not…

We’re in good standing with ECG – KFC Management assures customers

by OmankyeameBusinessNewsMarch 21, 2023

Management of fast food restaurant chain, KFC, has assured its numerous customers that the establishment is in good standing with the Electricity Company of Ghana (ECG). Payment receipts provided by…

Financial sector players must be transparent – Dr Dan Seddoh

by OmankyeameBusinessMarch 21, 2023

A Non-Executive Director of Databank MFund, Dr Dan Seddoh has called on players in the financial market to be transparent in their dealings with investors to help build back confidence…

Scrap LPG taxes now – LPG Marketers Association

by OmankyeameBusinessNewsMarch 17, 2023

The Liquefied Petroleum Gas Marketers Association has renewed calls for the taxes on LPG to be scrapped. The taxes on LPG constitute about 13% percent of the pricing. Though the…

Gold Fields, AngloGold rule out merger after Ghana joint-venture deal

by OmankyeameBusinessNewsMarch 17, 2023

Gold Fields (GFIJ.J) and AngloGold Ashanti (ANGJ.J) are not considering a full-scale merger after they agreed to combine their neighbouring Tarkwa and Iduapriem mines in Ghana to create Africa’s biggest…