Joy Business Report @1
457 episodes - English - Latest episode: 9 days ago -Bringing you updates from the world of business
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Joy Business Report @1
April 15, 2024 13:00 - 11 minutes - 10.2 MBBringing you updates from the world of business
IMF Bailout
April 12, 2024 13:00 - 12 minutes - 11.1 MBInternational Monetary Fund advices Central Banks in Sub-Saharan Africa including Ghana to uphold their independence to enhance policy credibility
Ghana's Economic Status
April 09, 2024 01:00 - 10 minutes - 10 MBThe World Bank Chief Economist for Africa, Dr. Andrew Dabalen, said the margin of growth for 2024 would be influenced by Ghana’s high levels of debt and inflation which will impact the level of growth.
Ghana's Economic Growth
April 08, 2024 01:00 - 11 minutes - 10.3 MBthe World Bank Chief Economist for Africa, Dr. Andrew Dabalen, said the margin of growth for 2024 would be influenced by Ghana’s high levels of debt and inflation which will impact the level of growth.
Treasury Bill Auction
April 05, 2024 01:00 - 12 minutes - 11.7 MBThe government borrowed GH¢19.90 billion through treasury bills in March 2024. This was 17% lower than that of February 2024.
NPA Pricing
April 02, 2024 01:00 - 11 minutes - 10.5 MBThe Liquefied Petroleum Gas (LPG) Marketing Companies Association has strongly condemned the National Petroleum Authority's (NPA) decision to impose a new tax on LPG, as announced in the recent pricing structure revision, effective April 1, 2024.
NPA Pricing
April 01, 2024 01:00 - 10 minutes - 9.95 MBThe National Petroleum Authority (NPA), will from April 2024 set the “floor” for pricing of petroleum products in Ghana, which will prevent any industry player including the OMCs and Liquefied Petroleum Gas Marketing (LPGMC) Firms from pricing below that value or benchmark.
Lending Rates
March 25, 2024 01:00 - 12 minutes - 11.2 MBAs expected, the Monetary Policy Committee (MPC) of the Bank of Ghana has kept its key lending rate to banks at 29%. This means that the cost of borrowing will not change much in the next two and half months, as it averages 32.7% as of February 2024
Mobile Network Restoration
March 22, 2024 01:00 - 11 minutes - 10.1 MBThe Chief Executive of the Ghana Telecommunications Chamber, Ken Ashigbe, has revealed that Mobile Network Operators (MNOs) have fully restored data services to their subscribers.
Business Inspection
March 21, 2024 13:00 - 14 minutes - 12.9 MBThe Office of the Registrar of Companies will on Monday, March 25, initiate visits to various offices, businesses, and company premises to scrutinize their records and registration documents. Additionally, the Office will guide businesses in adhering to the regulations governing their operations.
Ghana's GDP Growth
March 20, 2024 13:00 - 6 minutes - 5.53 MBGhana’s economy recorded a 2.9% Gross Domestic Product (GDP) growth in 2023, stronger than the revised 1.5% by the Finance Ministry. The growth rate is slower than the 3.1% recorded in 2022.
Cedi Depreciation
March 18, 2024 13:00 - 11 minutes - 10.6 MBThe Ghana cedi has lost 8.63%in value to the dollar since the beginning of 2024 as pressure continues to mount on the local currency. Bloomberg is predicting more tough times for the cedi as the debt restructuring with Eurobond holders drags.
Ghana's Growth Rate
March 11, 2024 01:00 - 10 minutes - 10 MBAfrica’s biggest bank, Standard Bank is predicting a stronger growth rate of about 3.2% for Ghana in 2024, higher than that of the International Monetary Fund.
Dr. John Kumah's Demise
March 08, 2024 13:00 - 13 minutes - 11.9 MBFormer finance minister Ken Ofori Atta describes Dr. John Kumah's death as a painful one while highlighting his contribution to the economy over the past years.
High Rate of Unemployment in Ghana
March 01, 2024 01:00 - 11 minutes - 10.2 MBThe Chief Executive Officer of the Ghana Employers Association (GEA), Alex Frimpong, has revealed that most businesses do not have the space to accommodate fresh graduates from the tertiary institutions.
Unemployment in Ghana
February 29, 2024 13:00 - 13 minutes - 12.2 MBIn the wake of Ghana's persistent unemployment crisis, the latest labour statistics report from the Ghana Statistical Service (GSS) for the third quarter of 2023 paints a grim picture.
Ghana's Economy
February 28, 2024 13:00 - 11 minutes - 10.3 MBGhana’s former Finance Minister, Seth Terkper, is advising the government to prioritize responsible debt management and explore alternative funding sources beyond short-term treasury bills.
SONA 2024
February 27, 2024 13:00 - 14 minutes - 13.4 MBPresident Akufo-Addo has praised the performance of the Office of the Attorney General under his administration. During his State of the Nation Address in Parliament on Tuesday, February 27, President Akufo-Addo highlighted the significant role played by the Attorney-General's Office in saving the state from paying judgment debts totaling GH¢10 trillion.
Government Digitalization Agenda
February 26, 2024 13:00 - 11 minutes - 10.4 MBGhana has been ranked first in Africa in terms of access to financial inclusion, Vice President, Dr. Mahamudu Bawumia has revealed. He attributes this achievement to the successful implementation of the government's digitalization agenda.
Weakest Credit Rating
February 20, 2024 13:00 - 14 minutes - 13.3 MBThe World Bank has disclosed that 28 developing economies including Ghana with the weakest credit ratings remain stuck in a debt trap with no hope of escape anytime soon.
Ghana's Inflation Rate
February 19, 2024 13:00 - 10 minutes - 9.86 MBThe African Development Bank (AfDB) is forecasting an average inflation of 17.1% for Ghana in 2024. This would place the country in the 37th position out of 44 countries in Africa with the highest inflation.
Investing in Salt
February 16, 2024 13:01 - 12 minutes - 11.1 MBGhana could make one billion dollars annually from salt production, the Chief Executive Officer of the Minerals Income Investment Fund, Edward Nana Yaw Koranteng, has revealed. According to him, Ghana is positioning itself to become the number one salt producer in Sub-Saharan Africa.
Ministerial Reshuffle
February 14, 2024 01:00 - 12 minutes - 11.3 MBThe Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has been nominated by President Akufo-Addo as the new Finance Minister. He takes over from Ken Ofori-Atta who served in office for seven years.
2nd Tranche of IMF Deal
January 12, 2024 01:00 - 11 minutes - 10.9 MBGhana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse $600 million to the West African nation, Finance Minister, Ken Ofori-Atta said.
Bond markets
January 05, 2024 13:00 - 13 minutes - 5.97 MBBond markets records a decrease of 52.7% year on year in volume traded in 2023 as DDEP continues to bite the market
Interest Rates
January 04, 2024 13:00 - 12 minutes - 5.94 MBGhana records highest interest rate in Africa in 2023 despite a decline in T Bills yield
Inflation Rate
December 25, 2023 13:00 - 11 minutes - 5.2 MBFitch Solutions is forecasting that real household spending in Ghana will grow by 3.9% year-on-year to ¢114.2 billion in 2024. This it says is due to the easing of both inflationary pressures and debt servicing.
Reallocating Project Funds
December 22, 2023 13:00 - 13 minutes - 12 MBThe outgoing World Bank Country Director, Frank Pierre Laporte, has strongly indicated that project funds allocated to Ghana but have not be utilized will be sent back to Washington, DC, in the USA.
The Job Market
December 18, 2023 13:00 - 11 minutes - 10.3 MBNumber of Jobs advertised in selected print and online media shoot-up by 16.6% in quarter 3 of 2023
Export Proceeds
December 07, 2023 01:00 - 12 minutes - 11.7 MBThe Bank of Ghana (BoG), has cautioned exporters regarding the failure to repatriate proceeds to the country.
Change of Management
December 06, 2023 01:00 - 13 minutes - 12 MBMTN Group has appointed Stephen Blewett as the new Chief Executive Officer of MTN Ghana.
External Debt
December 05, 2023 01:00 - 11 minutes - 10.6 MBMinister of Finance, Ken Ofori-Atta, has indicated that Ghana remains open to any new cut-off date proposed by bilateral creditors to undertake a debt swap of the country’s external debt.
Budget Overrun
November 29, 2023 13:00 - 4 minutes - 4.22 MBThe Institute of Statistical Social and Economic Research issues a cautionary note about challenging economic conditions for businesses in the first quarter of 2025 following the elections, citing concerns over a potential budget overrun.
Optimism Amidst Challenges
November 28, 2023 13:00 - 12 minutes - 11.3 MBThe Governor of the Bank of Ghana is confident in the cedi's outlook. Assuring resilience, he pledges that the Central Bank will implement strategic measures to navigate unexpected shocks and pressures.
Monetary Policy Rate
November 27, 2023 13:00 - 13 minutes - 12 MBMonetary Policy committee of Bank of Ghana keeps policy rate at 30% to control inflation as chairman of committee announces additional monetary policy measures for the financial sector.
Ghana's Export
November 24, 2023 13:01 - 10 minutes - 9.98 MB64% of Ghana’s export in the 1st half of this year were made up of gold, mineral fuels and Oils – 2022 Trade Vulnerability Report.
Fueling Quality
November 23, 2023 13:00 - 15 minutes - 13.7 MBChamber of Petroleum Consumers asks National Petroleum Authority to remove all substandard petroleum products distributed to Oil Marketing Companies as the regulator reveals the National standards for gasoline.
Cedi Stability
November 21, 2023 13:00 - 10 minutes - 9.64 MBCedi to remain relatively stable this week following the approval of $800m cocoa syndicate loan approved by Parliament.
Tax Reliefs
November 20, 2023 13:00 - 12 minutes - 11.2 MBGovernment justifies decision to keep COVID-19 levy as it insist 2024 budget is business friendly based on some tax reliefs granted
Fuel Prices
November 17, 2023 12:00 - 13 minutes - 11.9 MBCedi depreciation against the Dollar deprives consumers of a much bigger decline in prices of petroleum products as more Oil Marketing Companies adjust prices at pump.
2024 Budget
November 16, 2023 13:00 - 12 minutes - 11.8 MBPeasant Farmers Association of Ghana demand further details of mode of disbursement of the 220million allocation to farmers and communities affected by the Akosombo Dam spillage.
Taxation in Ghana
November 09, 2023 13:00 - 11 minutes - 10.3 MBChartered Institute of Taxation Ghana expresses disappointment in the non-existence of a functioning tax appeals board.
Business Growth in Ghana
November 08, 2023 13:00 - 13 minutes - 12.6 MBStruggling businesses are advised to undergo restructuring and to take a possible haircut if it is necessary to save the business from collapsing- Ghana Association of Restructuring and Insolvency Advisors
Foreign Investments
November 02, 2023 13:00 - 11 minutes - 10.6 MBGhana’s High Commissioner to UK highlights cedi instability and high cost of doing business as a major disincentive to foreign direct investments.
Petroleum Revenue
October 26, 2023 13:00 - 12 minutes - 11 MBGhana national petroleum corporation debunks claims that Jubilee Oil deliberately failed to pay proceeds.
Akosombo Dam spillage
October 25, 2023 13:00 - 13 minutes - 12.7 MBPeasant Farmers Association of Ghana warns devastating effect of spillage of Akosombo Dam on rice farmers in the Volta region, cannot be underestimated as it pegs the cost of destruction at Ghs50m
External Debt Restructuring
October 24, 2023 13:00 - 12 minutes - 11.3 MBRating agency Fitch stresses that the official creditor committee and the government will agree on the debt treatment parameters by the end of 2023 as IMF expects external debt restructuring of $10.5b.
Labor Demand
October 23, 2023 13:00 - 11 minutes - 10.1 MBNumber of advertised jobs shoot up by 6.6% – BoG
Cedi Stability Against Dollar
October 19, 2023 13:00 - 12 minutes - 11.7 MBThe Ghana cedi is now going for ¢12.10 against the US dollar on the forex or retail market.
Tax Protest
October 18, 2023 12:00 - 14 minutes - 13 MBAbossey Okai Spare Parts dealers to shut shops on November 1 to protest against what they call unfair tax introduced by the Ghana Revenue Authority