Joy Business Report @1

Bringing you updates from the world of business

Bringing you updates from the world of business

Ghana is jointly ranked 13th with Coted’lvoire, out of 19 countries in Fitch Solutions sub-Saharan Africa’s Auto Sales Risk/Reward Index. The country score of about 6% indicates that the vehicle sales market is very low. This is because majority of markets in sub-Saharan Africa are characterized by low incomes and high borrowing costs which impedes the development of new vehicle sales market.

The World Bank has charged African countries including Ghana, Zambia and Angola with high debt levels to urgently improve debt transparency, its 2021 Africa Pulse Report has revealed. It therefor wants the countries to publish more and better debt data as well as improve contingent liability reporting.

The Ghana National Petroleum Corporation (GNPC) has still not received payment for the $50 million loan advanced to the Ministry of Finance (MoF) in 2014 for the construction of the Western Corridor roads, in the Atuabo Gas Processing Plant enclave.

Ghana Stocks Exchange charges indigenous businesses to prioritize long term capital in stock market instead of borrowing from banks which come with high interest rate.

The Minister of Trade and Industry, Alan Kyerematen, has opened the 7th edition of Africa Engineering Week and the 5th Africa Engineering Conference in Accra on Tuesday, October 5, 2021, with a call on engineers in African to position themselves to leverage the opportunities that the implementation of the African Continental Free Trade Agreement (AfCFTA) present.

Ghana Stocks Exchange beaten to first position as best performing Stock Market in Africa in dollar terms by Lusaka Stock Exchange as impressive van of Zambia Kwacha to dollar plays a major role.

Government has maintained the Cocoa Producer Price of ¢10,560 per metric ton for the new cocoa crop season which takes effect from October 8 2021. This translates into ¢660 – the same price that farmers were given in the 2019/2020 crop. It represents 87.15% of the FOB value

Oil Marketing Leader Goil finally adjust fuel prices by more than 2% a litre a move that could force other players to review prices in the coming days.