The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed. This is compared with GH¢1.031 trillion the same time in 2023.This significant growth in mobile money transactions is astonishing and provides an opportunity for the country to deepen financial inclusion.

Governor Ernest Addison of the Bank of Ghana has assured that there are sufficient dollars available to support the Ghana Cedi. This comes amid concerns that the cedi might face pressure due to increased demand for dollars by traders for December imports.

ECG board nominates David Asamoah as acting Managing Director

Daily business news: discussing the most controversial trends in business

According to the Second Quarter Trade Statistics report from the Ghana Statistical Service, Ghana’s exports exceed its imports, with China continuing to be the largest source of imports for the country.

The Ministry of transport has been called upon by Ghana Institute of freight forwarders and allied trade bodies to intervene over what they describe as unfair practices of shipping lines as they plan on embarking on a strike.

Daily business news: discussing the most controversial trends in business

Bank of Ghana governor Ernest Addison charges banks to strengthen internal control measures to check banking practices of staff to prevent fraudulent activities.

Ghana’s economy grew by 6.9% in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7%..The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2%.This is followed by the Industry sector with a contribution of 32.2% and the Agriculture sector with 23.6%.

Daily business news: discussing the most controversial trends in business