Joy Business News

Air France will cease its operations to Accra on October 25th due to concerns about profitability of the route.

NPA expectant of further reduction in fuel prices but rules out removing certain levys from petroleum products.

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today, September 16, 2024.Star Oil Ghana is selling a litre of petrol at GH₵12.55, indicating a one cedi drop. This represents a 7.9 percent decline. The company is also selling a litre of diesel at GH₵13.27. This represents a 4.18 percent drop, indicating a 58 pesewas reduction from the previous price.

Securities and Exchange commission sets unit to deal with fraudulent online schemes as it works with national security and the ministry of communications.

Bank of Ghana intervenes in dollar supply for the market as concern grows over shortages.

Government forecasts drop in grain prices as a result of measures it has implemented during the dry spell.

COCOBOD revises 2024/25 cocoa production target down by 19.8% due to unprecedented dry spell. The Chief Executive of COCOBOD, Joseph Boahen Aidoo, has disclosed that the target for the next season has been reviewed down by 19.8 percent due to the unprecedented dry spell witnessed this year. He recalled that harsh weather conditions have made it difficult for many farmers in the Bono and Western North regions to have a successful planting season.

Government expected to tap into the China Africa fund for infrastructure development.

Inflation will continue to ease over the short-term ending 2024 at 20.8%, Fitch Solutions has disclosed in its Ghana Inflation 2024 Consumer Outlook. At the same time, food prices will continue to decline. Here is more in this report. According to the UK-based firm, inflation will average 22.1% in 2024.

Liquified Petroleum Gas marketers association project a reduction in the price of LPG if conditions on the global market are sustained.