Joy Business Report @1

The Bank of Ghana is advising savings and loans companies across the country to reassess their business models. Head of Banking Supervision Department at the Bank of Ghana, Osei Gyasi said the companies should focus on investing in small and medium scale enterprises to help in reducing its non-performing loans (NPLs).

Herbert Krapah, the Minister of State at the Energy Ministry, commended LMI Holdings for achieving the feat of owning the largest rooftop solar project in Africa. He also announced the government’s plans to roll out a 2,000 MW solar power project in the northern parts of the country.

Bringing you updates from the world of business

Bringing you updates from the world of business

Director of ISSER at the University of Ghana, Prof Peter Quartey says the country official completion of debt restructuring official creditors will restore some certainty in the financial market.

The Registrar of Companies has extended the deadline for the filing of annual returns and renewal of business names and partnerships to September 30, 2024. A statement issued by the Registrar explained that the decision to extend the deadline was made because several businesses and partnerships had not renewed their operations.

Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights.

Bringing you updates from the world of business

Bringing you updates from the world of business

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Shell has taken the lead, selling at litre of petrol at ₵15.10 and diesel for ₵15.25. Previously, Shell was selling a litre of petrol at ₵14.80, and diesel was going for ₵14.92. By this, petrol price has seen a 2 percent increase, while diesel recorded a 2.2 percent increase in price.