Author: Hilda Bedu

  • Producer Price Inflation rises sharply — Now at 65.25% in October

    Producer Price Inflation rises sharply — Now at 65.25% in October

    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 […]

  • GSE tightens rules on green bonds

    GSE tightens rules on green bonds

    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 […]

  • BoG withdraws foreign exchange support for importation of rice, vegetable oils, others

    BoG withdraws foreign exchange support for importation of rice, vegetable oils, others

    The Bank of Ghana has withdrawn foreign exchange support to customers for the importation of certain non-critical or essential goods.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, […]

  • Registrar of Companies given green light to shut down Q-Net

    Registrar of Companies given green light to shut down Q-Net

    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 […]

  • Hike in US interest rate: dollar to strengthen, Ghana’s exports to benefit 

    Hike in US interest rate: dollar to strengthen, Ghana’s exports to benefit 

    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 […]

  • Office of the Registrar of Companies to delist 2,584 dormant companies from Companies Register

    Office of the Registrar of Companies to delist 2,584 dormant companies from Companies Register

    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 […]

  • GRA to roll-out automated tax clearance system from October – Veep

    GRA to roll-out automated tax clearance system from October – Veep

    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 […]

  • BoG to close down licensed forex bureaus flouting foreign exchange law

    BoG to close down licensed forex bureaus flouting foreign exchange law

    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 […]

  • $750m Afrexim Bank loan finally hits BoG’s account

    $750m Afrexim Bank loan finally hits BoG’s account

    The $750 million African Export-Import Bank (Afreximbank) Loan has finally hit the Bank of Ghana’s (BoG) Account. Documents sighted by JOYBUSINESS showed that the swift advice came in tranches to hit government’s account with the Central Bank. The said transfer came in yesterday (26th August, 2022) afternoon. Government is primarily looking forward to use this money […]

  • Railway workers back contract with S African company

    Railway workers back contract with S African company

    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 […]