Joy Business News

Finance Minister Mohammed Amin Adams to present the mid-year budget review in the 4th week of this month instead of the 12th as stated earlier.

Cement manufacturers warn of worker layoffs and product shortage if the L.I to regulate cement pricing is passed

The Institute of Economic Affairs calls for the amendment of the bank of Ghana act to amended to make the central bank independent from the government.

The Accra Metropolitan Assembly (AMA) has announced that the 'Homowo clean-up exercise' will commence at Sempe, Gbese, Abloa, Asere, and the Dogo Beach in Ga Mashie on Tuesday, July 2, 2024, from 6:00 am to 12:00 noon.According to the Assembly, shops and businesses are required to remain closed on the designated clean-up dates, except pharmaceutical and health facilities to ensure the safety and efficiency of the clean-up activities as well as facilitate the full participation of all stakeholders.

The International Monetary Fund (IMF) has expressed worry the upcoming general elections in December 2024 could pose some possible risks to gains made under its programme with Ghana. It added that “keeping the domestic revenue mobilization agenda on track and tightening expenditure commitment controls is critical to avoid policy slippages ahead of the December 2024 general elections”.

Economist Dr Adu Owusu Sakodie has said he expects the cedi to make some gains from July this year following the conclusion of the debt restructuring deal with external creditors. He is hopeful the local currency will respond favourably as the market receives the good news about Ghana concluding the debt deal.

Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report.

The country recorded $4.6 billion in remittance receipts in 2023.Nigeria came 1st with remittance flows of $19.5 billion. Kenya, Zimbabwe and Senegal came 3rd, 4th and 5th with inflows of $4.2 billion, $3.1 billion and $2.9 billion respectively.