Joy Business News

Inflation

December 15, 2023 06:15 - 10 minutes - 9.73 MB

Greater Accra Region records the lowest rate of inflation for the first time in many years

L.I. to restrict import of selected products

December 13, 2023 06:15 - 11 minutes - 10.7 MB

I am not a thief; LI to restrict imports is not for my benefit – K T Hammond to critics

MTN Stock

December 06, 2023 18:15 - 10 minutes - 9.75 MB

Shares of MTN Ghana on the Ghana Stock Exchange is expected to receive a major boost following the appointment of Stephen Blewett as the new Chief Executive Officer of MTN Ghana.

Industry Rate

December 05, 2023 18:15 - 9 minutes - 8.44 MB

The industrial sector is expected to turn around in 2024, with a growth rate of 3.7%, the Institute of Statistical, Social and Economic Research (ISSER) has stated.

Treasury Bill Raise

December 04, 2023 18:15 - 11 minutes - 10.5 MB

The government raised ¢15.32billion in Treasury bills in November 2023, across the 91 to 364-day bills to cover matured bills worth ¢10.60 billion . This is a 17.0% increase over the month of October 2023.

Fuel Prices

November 30, 2023 06:15 - 10 minutes - 9.57 MB

Prices of petroleum products likely to remain relatively stable in the next two weeks.

Financial Sector Shake-Up

November 29, 2023 06:15 - 12 minutes - 11.3 MB

Bank of Ghana to close down some non-bank financial institutions facing serious liquidity challenges.

IMF cash, cocoa loan to arrive before end of 2023

November 28, 2023 06:15 - 11 minutes - 10.6 MB

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has assured that Ghana will secure the second tranche of the International Monetary Fund (IMF) bailout package and the cocoa syndication loan before the end of 2023

Ghana's Public Debt

November 27, 2023 05:15 - 9 minutes - 9.08 MB

Ghana’s public debt falls by GH₵14.2bn to GHS 567.3 billion as of September 2023

Electronic VISAs

November 24, 2023 06:15 - 9 minutes - 9.03 MB

Government working to roll out an electronic VISA platform from the first quarter of next year to deal with VISA acquisition challenges faced by tourists and investors wanting to do business in the country- Transport Ministry

Global Financial Watch

November 21, 2023 06:15 - 9 minutes - 8.83 MB

International Monetary Fund(IMF) revises again board meeting date on Ghana’s programme review to the first week of December over concerns about China’s position on debt restructuring.

Economy

November 20, 2023 06:15 - 10 minutes - 9.53 MB

Interest rates fall for the second week as government T bills are oversubscribed by 14.75%

Fuel Prices

November 17, 2023 05:15 - 11 minutes - 10.7 MB

Some Oil Marketing company reduce prices of petroleum products at pumps as some companies link reduction to the decline of price in crude oil.

2024 Budget

November 16, 2023 06:15 - 10 minutes - 9.29 MB

Government insists the 2024 budget will help sustain current economic recovery and aid private sector growth

Offshore Oil Rig Demand

November 09, 2023 06:15 - 10 minutes - 9.52 MB

Ghana is ranked 5th in Africa with the highest offshore oil rig demand, according to the 2024 State of African Energy by the African Energy Chamber

Capital Investments

October 27, 2023 06:15 - 9 minutes - 8.9 MB

The current economic challenge in the country has not impacted negatively on attraction of capital investment; it has rather been a sudden uptick over the past months – Yofi Grant, C.E.O. ,Ghana Investment Promotion Center

The Future of National Investment Bank

October 26, 2023 06:15 - 8 minutes - 7.95 MB

Government considers options for the future of National Investment Bank as it rolls out first capital injection after pumping Ghs4b into the institution

Bad Debt

October 23, 2023 06:15 - 9 minutes - 8.65 MB

Banks wrote off ¢2.416bn as bad loans as of August 2023

Debt Restructuring

October 16, 2023 06:15 - 9 minutes - 8.84 MB

Ghana and Sri Lanka advance with the G20 common framework for debt treatment –IMF managing director

Ghana’s Economic Growth

October 12, 2023 13:15 - 11 minutes - 10.3 MB

The International Monetary Fund has reiterated its optimism that the Official Creditor Committee, and the Ghanaian government will find an agreement soon on the external debt restructuring.

2nd Tranche of IMF Bailout

October 09, 2023 13:15 - 10 minutes - 9.29 MB

Financing assurance critical before IMF Board can approve next tranche of funds- Mission Chief

Pensions Fund

October 03, 2023 13:15 - 13 minutes - 12.3 MB

Reports have indicated that the government has defaulted in the payment of pension contributions for public sector workers for the period of October 2022 to May 2023.

Oxford Economics Africa Report

October 02, 2023 13:15 - 10 minutes - 9.53 MB

Ghana placed second behind Côte d’Ivoire in Africa in terms of growth of mobile money services, the 2023 Oxford Economics Africa’s Report titled “The Africa Risk-Reward Index”.

Viable Projects

September 29, 2023 06:15 - 11 minutes - 10.9 MB

A former President of the Ghana Association of Banks Naa Dr. Alhassan Andani has assured that viable projects will not suffer despite move by banks to “scale back” on lending.

IMF Deal

September 25, 2023 05:15 - 12 minutes - 11.1 MB

IMF Staff begins Ghana’s First programme review with Ghana likely to secure 600million before end of year

Contraction of Manufacturing Sector

September 21, 2023 06:15 - 10 minutes - 9.69 MB

Government must do more to turn around dwindling manufacturing business - Association of Ghana Industries

Ghana's Global Trade Center Initiative

September 19, 2023 06:15 - 12 minutes - 11.4 MB

Government set to roll out three additional trade centers around the world to support Ghana’s non-traditional exports

T-bills

September 18, 2023 06:15 - 10 minutes - 9.2 MB

Interest rates climb to 32.17%; government misses target by 10.8%

External Debt Restructuring

September 13, 2023 06:15 - 10 minutes - 9.76 MB

Fitch optimistic Ghana will reach agreement with Official Creditors by end of 2023.

2023 Inflation Rate

September 11, 2023 06:15 - 11 minutes - 10 MB

Household spending to reach ¢107.8bn in 2023; but elevated inflation to weigh on consumers purchasing power – Fitch Solutions.

Precautionary Measures In Lending

September 08, 2023 06:15 - 9 minutes - 8.91 MB

The Chief Executive Officer of the Ghana Association of Banks, John Awuah, says commercial banks have been compelled by the current economic environment to tighten their precautionary measures in lending to customers.

Restructuring NIB

September 05, 2023 06:15 - 8 minutes - 7.46 MB

Government is considering moves for ADB to takeover the National Investment Bank (NIB).

Interest Rate Hit 31.08%

September 04, 2023 06:15 - 10 minutes - 9.65 MB

Interest rates surged on the money market to 31.08% as the government borrowing spree on the domestic market continued.

SSNIT Contribution Review

September 01, 2023 06:15 - 9 minutes - 9.11 MB

The Chief Executive of the National Pensions Regulatory Authority (NPRA) Hayford Atta Krufi has welcomed proposals to increase contribution to the Social Security and National Insurance Trust (SSNIT) tier one scheme.

Ghana's Economy

August 30, 2023 06:15 - 9 minutes - 8.88 MB

Economic Intelligence Unit warns Ghana and other African countries at high inflation and intrest rate could continue to way of growth and investor confidence

Petroleum Products Prices

August 29, 2023 06:15 - 10 minutes - 9.15 MB

No price change expected in the first two weeks of September

Ghana's Economic Status

August 25, 2023 06:15 - 10 minutes - 9.36 MB

Government and IPPs agree on $43m monthly payment for consumed energy.

Global Oil Prices

August 24, 2023 06:15 - 10 minutes - 9.41 MB

Global oil prices expected to stabilize around $84 per barrel for the rest of the year- Fitch solution.

Restructuring of Foreign Loans

August 21, 2023 06:15 - 8 minutes - 7.69 MB

Economist Intelligence Unit (EIU) is predicting that Ghana will reach an agreement with its external creditors in the coming weeks to pave the way for the restructuring of its foreign loans.

Ghana's Debt Restructuring

August 17, 2023 06:15 - 8 minutes - 8.08 MB

Ghana’s fiscal deficit to Gross Domestic Product (GDP) of 9.0% was the highest in West Africa in 2022, the African Development Bank West African Economic Outlook 2023 Report has revealed.