Joy Business News

News from the world of business.

Bank of Ghana to implement measures to sustain the recovery of the cedi.

Some Oil Market Companies (OMCs) say they will reduce the prices of fuel at the pumps if the cedi continues to show signs of stability. This comes after the Institute for Energy Security projected stability in the prices of petroleum products in the second-pricing window of the month of August due to the combined effects of the slowed depreciation of the local currency and the international market activities.

Some oil marketing companies have started reducing their prices. Market leader goil now sells a litter of petrol at ¢14.20 and diesel at ¢14.09.

News from the world of business.

According to the World Gold Council, Ghana ranks as the sixth largest gold producer globally

The government plans to borrow GH¢78.441 billion from the money market in the third quarter of 2024.From that, GH¢53.807 billion will be used to rollover short-term maturities, while the remaining fresh issuance of GH¢24.633 billion will be used to meet its financing requirements.

Fish farmers are seeking government assistance after suffering losses due to the Volta River Authority’s release of excess water from the Akosombo Dam.

News from the world of business.