Stricter shelf life rule a bitter pill to swallow for pharma companies

New Delhi: A new rule by the drug regulator barring exports of any product with less than 60% shelf life is causing huge losses to the domestic pharmaceutical industry with manufacturers being forced to destroy stocks to comply. In a recent...

Fitch Ratings flags six banks operating in Ghana as unlikely to meet capital compliance

Ghana Stock Exchange Sees Sharp Drop Amid Broad Sell-Off

Trading on the Ghana Stock Exchange took a significant downturn during Wednesday’s session, with the benchmark Composite Index falling by more than 112 points. The drop to 7,303.81 marks one of the session’s steepest declines in recent weeks,...

Ghana’s Endless Battle with Galamsey: Lives Lost, Rivers Poisoned, Hopes Fading

By Daniel Donkor Ghana’s fight against galamsey, or illegal small scale mining, remains one of the most painful and persistent struggles in its history. For decades, governments have launched interventions, yet the menace continues to destroy...

Stop foreign currency cash payments to large corporates without deposits – BoG directs banks

The Bank of Ghana has directed commercial banks, with immediate effect, to halt the payment of foreign currency cash to large corporates if such payments are not backed by deposits. According to the Bank of Ghana, commercial banks can only proceed...

Ghana’s Producer Inflation Cools, Easing Cost Pressures on Businesses

Businesses across Ghana finally caught a break in July as the pace of rising factory gate prices slowed noticeably. New data from the Ghana Statistical Service shows the Producer Price Index fell to 18.3 percent, down from 21.7 percent the...

Ghana’s Oil Sector Faces Decline as Regulator Calls for Urgent Investment

Ghana’s oil production has fallen for five years straight, and a key oversight body is now sounding the alarm. The Public Interest and Accountability Committee (PIAC) is urging Parliament to push for new investments in the country’s upstream...

Ghana’s Exporters Set to Gain as Producer Inflation Cools

Ghana’s export sector may be about to catch a favorable wind. New data shows producer price inflation slowed significantly in July, dropping to 18.6 percent from 24.2 percent the previous month. This easing cost pressure could make key exports...

We are committed to supporting the Business Community – BoG Governor assures

Governor of the Bank of Ghana, Dr. Johnson Asiama, has given firm assurance that the Central Bank remains committed to supporting the business community through its regulations and market interventions. Dr. Asiama gave the assurance when he...

Ghana’s Public Accounts Committee Demands Stricter Fiscal Oversight

The head of Ghana’s parliamentary accountability body is pushing for full enforcement of the nation’s public finance law to reduce waste and improve governance. Abena Osei Asare, who chairs the Public Accounts Committee, told ministries and...

Ghana Pays Top Price for Cocoa, Board Insists

If you’re a cocoa farmer in West Africa, Ghana is the place to be, according to the country’s cocoa regulator. The Ghana Cocoa Board, known as COCOBOD, has released new data defending its pricing, stating it now offers the highest farmgate rate in...

Ghana’s Infrastructure Push Fuels Construction Cost Rise

New data reveals a squeeze on major infrastructure projects in Ghana. The cost of construction work rose by 5.3 percent this July compared to the same time last year. This increase, reported by the Ghana Statistical Service, was primarily driven...

Ghana’s Tax Authority Embraces Digital Shift to Ease Compliance

The Ghana Revenue Authority is pushing ahead with plans to make tax compliance simpler and less intimidating for citizens and businesses. At its second annual Customer Experience Conference in Accra, senior officials outlined a renewed drive...

Ghana Hospital Retrains Staff to See Patients as Customers

A major hospital in Ghana’s Upper West Region is overhauling how its staff interacts with the public. The Upper West Regional Hospital just completed an intensive customer care workshop for all 500 of its employees, from doctors and nurses to...

Ghana’s Accountability Watchdog Vows to Guard Public Funds

The Public Accounts Committee of Parliament is tightening its grip on state spending, promising to protect every cedi of public money. Chairperson Abena Osei-Asare declared that the committee will enforce stricter oversight and demand real...

Ghana Sets Up Dedicated Funds to Ease Future Debt Burden

The government has created two special accounts to make sure it can pay back its loans without sudden budget crises. Finance Minister Dr. Ato Forson announced the new Cedi and US Dollar Sinking Fund Accounts, designed to cover bonds that will come...

Government urged to block loopholes enabling Illicit Financial Flows

By Solomon Gumah Tamale, Aug 20, GNA – Dr Bishop Akolgo, a Consultant on Illicit Financial Flows (IFFs) has called on the government, to block loopholes aiding IFFs to enable the country harness adequate resources for national development. He said...

Ghana launches Green Cooling Project

Ghana has launched the Green Cooling Project, a bold initiative aimed at cutting emissions and promoting sustainable air conditioning across the country. The project, funded by Switzerland’s KliK Foundation and implemented by GIZ in collaboration...

Ghana Gas Vows to Finish Critical Plant Repairs Ahead of Schedule

The head of Ghana National Gas Company says major maintenance work at the country’s key Atuabo processing plant is progressing faster than expected. Chief Executive Officer Judith Adjoba Blay promised the facility would resume operations within...

Incumbency Advantage & Incumbency Disadvantage in Ghanaian Politics:Exposing the LIES

Recently, the discussion of the electoral performance of NPP in 2024 has been shifted to the theories of Incumbency Advantage, and Incumbency Disadvantage. That is a very good discussion and it is important that we expose the LIES which some...