March’s 25.8% rate poses no threat to disinflation trend – analyst
The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, the highest level since November of last year, according to data released […]
GNPC debt blamed on activities beyond mandate – PIAC
Coordinator for the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has stated that a major action that has plunged the Ghana National Petroleum Company (GNPC) into its current debt is that they engage in activities other than their constitutional mandate. He stated that the current situation sees GNPC shouldering responsibilities that traditionally fall under […]
Performance Tracker: Over 13,000 projects validated so far – Oppong Nkrumah
The Minister of Works and Housing, Kojo Oppong Nkrumah, has revealed that the newly launched Performance Tracker is aimed at ensuring transparency and accountability in the execution of infrastructure projects across the country. He added that the tracker will help address longstanding concerns about the accuracy and reliability of project presentations, particularly the use of […]
NPA backtracks on suspension of Price Stabilization and Recovery Levy
The National Petroleum Authority (NPA) has issued a directive to reinstate the Price Stabilization and Recovery Levy in the price build-up for petroleum products, effective April 4, 2024. This decision was communicated through a letter to industry players obtained by Citi Business News, signed by the Deputy Chief Executive Officer of the NPA, Curtis Perry […]
Editorial: Testing and certification in furniture industry implementation soon
The Ghana Standards Authority (GSA) announced its decision to implement testing and certification in the furniture industry. According to the GSA, of the 20 plastic chairs purchased from various companies across the country randomly, none met the standard criteria. This was disclosed by the Director-General of the GSA, Professor Alexander Dodoo, during a stakeholders’ meeting […]
Ghana Ports to rollout maritime single window initiative in April
Plans are far advanced for the rollout of the maritime single window program intended to facilitate vessel clearance at Ghana’s ports. The digital platform will incorporate the activities of shipping lines and regulatory agencies and enable them share information so far as the clearance of vessels at the port is concerned. This is in line […]
Size of Ghana’s economy hits GH¢841.63bn in 2023 – GSS
The size of Ghana’s economy stood at GH¢841.63 billion in 2023, the Ghana Statistical Services has revealed. This includes net indirect taxes estimated at GH¢58.74 billion. In 2022, the size of the country’s economy or Gross Domestic Product was estimated at GH614.33 billion. According to the Ghana Statistical Services, the services sector constituted the biggest […]
Tourism generated US$3bn last year
The tourism sector generated approximately US$3billion during the 2023 operational year from inbound tourist arrivals, against a projected US$3.4billion, according to the Ghana Tourism Authority (GTA). At the launch of the 2022 Tourism Report last year, the Ministry of Tourism, Arts and Culture (MoTAC) and the GTA set a target of attracting 1.2 million international […]
Cedi crosses ¢13 mark; loses 5.4% in value to dollar since January 1, 2024
The Ghana cedi crossed the ¢13 mark as the depreciation of the local currency continued on February 28, 2024. Most forex bureaus, according to checks by Joy Business sold one US dollar for between GH¢13.05 and GH¢13.15. Some analysts have attributed the recent depreciation of the cedi to incessant corporate demand, which they described as […]
Spanish Course for Professionals
SGCC in partnership with Knutsford University and Prof.Justo Bolekia Boleka from the University of Salamanca(Spain) invite you to an 8-week course in Spanish for professionals. Interested persons can contact the chamber for further details Don’t miss this opportunity!!