Joy Business News

The debt restructuring program identified as one of the causes of losses made by state owned enterprises in 2022.

The Ghana cedi records one of its first appreciation against the dollar for this year.

Some oil marketing firms have started reducing prices of petroleum products at the pumps from today September 2, 2024.Market leader GOIL is selling at litre of petrol at GH₵14.16.This represents 6 pesewas drop per litre and 0.42 percentage point reduction per litre of petrol.

Government targets the end of next month to complete the disbursement of seeds and fertilisers to farmers affected by the dry spell.

Poultry farmers lament impact of drought on production; warn available feed may last one month. They say the current drought has led to the shortage of grains which possess a serious threat to the industry as they run out of feed for their birds. The farmers have disclosed that most of them have feed that could last for only one month.

The World Bank has revealed that it will start disbursing some US$830 million for various projects in Ghana before the end of 2024.

The bank, however explained that this will be dependent on parliament passing three loan agreements currently before the House for consideration.

News from the world of business.

IMF lifts restrictions on the amount of dollars the bank of Ghana can sell to the market under the fund program.

Accra to become the 15th largest city in Africa by 2035.

The National Petroleum Authority (NPA) has revoked the licenses of 13 Oil Marketing Companies (OMCs). It follows the inability of the firms to settle debts owed industry regulators like the NPA, Ghana Revenue Authority and the Bulk Oil Storage and Transportation Company. The funds are said to be running into more than GH₵200 million.