PURC justifies tariff adjustment expected to take place from tomorrow June 1

May 31, 2023 The Public Utilities Regulatory Commission (PURC) has justified its decision to adjust tariffs in the second quarter of 2023. According to the commission, the move is needed to sustain the...

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May 31, 2023 / Comments (0)

Fixed investment to grow at a low 1.3% in 2023 – Fitch Solutions

May 31, 2023 Fixed investment in Ghana will grow by a subdued 1.3% in 2023, below the 2015-2019 average of 2.7%, adding 0.3 percentage points to the headline growth. According to Fitch Solutions, this...

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May 31, 2023 / Comments (0)

Pressure mounts on cedi; loses 9% in value to dollar last week

May 31, 2023 Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about...

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May 31, 2023 / Comments (0)

Non-VAT registered importers to pay 12.5% upfront

May 31, 2023 The Ghana Revenue Authority (GRA) will start the imposition of an upfront 12.5 per cent Value Added Tax (VAT) on the customs value of taxable goods at all ports of entry with effect from...

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May 31, 2023 / Comments (0)

Bond market: Trading volume declines 27.6%; market activity vibrant

May 31, 2023 Market activity on the bond market was vibrant, with improved interest in various tenors on the bourse. However, the total volume traded declined to ¢281.57 million, about 27.60% fall over...

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May 31, 2023 / Comments (0)

Petrol, diesel prices to stay same; LPG to go down 5% – IES

May 31, 2023 Prices of petrol and diesel are expected to stay the same in the first two weeks of June 2023. However, the price of Liquefied Petroleum Gas (LPG) is expected to decline by roughly 5%...

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May 31, 2023 / Comments (0)

Ecobank remains biggest bank in Ghana in 2022; FBN records highest CAR – Report

May 30, 2023 Ecobank Ghana emerged as the biggest bank by total assets worth ¢25.77 billion in 2022, a Ghana Banking Industry Report 2023 by LIMA Partners has revealed. It was followed by GCB Bank with...

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May 30, 2023 / Comments (0)

BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

May 26, 2023 The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps) to 27.50% by end-2023. According to Fitch...

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May 26, 2023 / Comments (0)

Ghana’s new bonds trade at yields between 9.27% and 10.02% – BoG

May 25, 2023 Ghana’s new bonds (domestic bonds) traded at yields between 9.27% and 10.02% in April 2023, data from the Bank of Ghana has revealed. This follows the successful restructuring of the...

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May 25, 2023 / Comments (0)

Silver Star Auto Ltd CEO, Asad Nazir Wins Leadership Excellence Award

May 24, 2023 The automotive giant Silver Star Auto Ltd took its social media page to congratulate its Chief Executive Officer Mr. Asad Nazir who received a “Leadership Excellence Award for the...

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May 24, 2023 / Comments (0)