The Ghana Railway Worker’s Union has thrown its support behind the move by the Ghana Railway Company Limited to sign a $3.2 billion loan agreement with Thelo DB Railway of South Africa to revamp the company. The Union had earlier raised reservations about the contract, accusing their company of failing to involve them in the […]

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 300 basis points to 22%. The increase in the key rate follows an emergency Monetary Policy Committee (MPC) meeting held by the Central Bank on August 17, 2022. It also comes at a time when the country is […]

The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 15th, 2022. At the same time, the cedi went for ¢10 to a euro. The cedi’s situation has become a major worry to businesses and household consumers, as its continuous depreciation is expected to be halted […]