Joy Business Report @1

Bringing you updates from the world of business

President Akufo-Addo has described Ghana’s recent deal with Eurobond debt holders as a sign of investor confidence in the economy.

Ghana has made remarkable progress on its public debt restructuring, the International Monetary Fund has stated in its Third Review of Ghana’s Economic Facility Programme.

Some Oil marking companies have started increasing the prices of their products. Star Oil and Total Energies take the lead.

The year-on-year inflation for September 2024 has increased to 21.5 per cent from 20.4 recorded in August 2024.The Ghana Statistical Service has attributed the increase to a rise in food inflation.

Ongoing IPAC Meeting at Alisa Hotel .

The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed.This is compared with GH¢1.031 trillion the same time in 2023.This significant growth in mobile money transactions is astonishing and provides an opportunity for the country to deepen financial inclusion.

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the rate at which it lends to commercial banks to 27 percent from 29 percent. The Chairman of the committee and Governor of the BoG, Dr. Ernest Addison noted that the action was influenced by favourable economic outlook.

Some managers of LPG Gas stations say they are running out of stock after a shortage hit parts of Accra

Government has been urged to prioritize non-traditional exports to boost revenue, following a report from the Ghana Statistical Service indicating a 26.9% decline in the export value of cocoa beans.