The Paris Club, China, India, Saudi Arabia, and Turkey have agreed to form the Official Creditor Committee (OCC) and provide financing assurances for Ghana to the International Monetary Fund as soon as possible, in order to clear the path for a Fund Executive Board approval by early May 2023. This was divulged by Finance Minister, […]

The European Union delegation to Ghana in partnership with the European Chamber of Commerce and the Chamber of Agribusiness Ghana has launched the Ghana-EU Agribusiness Platform in Accra. The platform will serve as a convenient space for agribusiness actors and stakeholders in Ghana and the EU to connect and exchange for wider business and partnership […]

THE Producer Price Inflation (PPI) which measures the average change over time in the selling prices of goods and services as received by domestic producers shot up to 65.2 per cent in October. This was up from the 45.6 per cent recorded in September and clearly signals what is to be expected of consumer inflation […]

The Ghana Stock Exchange (GSE), in collaboration with the Securities and Exchange Commission (SEC), has launched new rules to guide the listing and trading of green and sustainable bonds on the market. Dubbed the Green and Sustainable Bond Rules, the launch of the new guidelines formed part of activities to mark the 32nd anniversary of […]

The Bank of Ghana has withdrawn foreign exchange support to customers for the importation of certain non-critical or essential goods. Joy Business however understands that the withdrawal of the FX support for the importation of these non-essential goods took effect in the past three weeks. The goods affected include rice, poultry, vegetable oils, toothpicks, pasta, […]

The Office of Registrar of Companies has been directed by an Accra High Court to shut down Q-Net Investment Limited. The Court presided over by Justice Jennifer Abena Dadzie found that the case filed by Attorney Godfred Yeboah Dame is “a proper case in which the powers of the court are to be executed to […]

US-based Associate Professor of Finance at Andrews University in Michigan, Williams Peprah, is predicting a mixed development for the country as a result of the increase in the US interest rate to 3.75%. The Federal Reserve yesterday increased the benchmark rate to its highest in 14 years. The bank hopes pushing up borrowing costs will […]

The Office of the Registrar of Companies (ORC) has begun processes to continue striking off 2,584 dormant and defaulting Companies from its Companies’ Register. This exercise is being carried out in accordance with Section 289 of the Companies Act, 2019 (Act 992) which connotes that a Company can be stricken off the Companies Register for […]

Government has revealed that it will begin rolling out the automation of all tax clearing certificates, TCCs, from October this year. This is part of efforts to promote tax compliance. This latest move is aimed at reducing the voluntary use of powers and its attendant alleged corruption by public officials in the country. Prior to […]

The Bank of Ghana has indicated it will soon close down licensed forex bureaus that are not complying with the foreign exchange law.  Officials of the Central Bank disclosed this to Joy Business after embarking on some field exercises to check the state of compliance with some bureaus in the metropolis. There is the belief […]