Bringing you updates from the world of business

The Ministry of Finance has confirmed that its officials and that of the Bank of Ghana have commenced a comprehensive debt sustainability analysis with the International Monetary Fund (IMF) for a US$3 billion support programme.

Ghana earned a total of over $731.94 million from oil production in the first half of 2022. According to the 2022 Semi-Annual Report of the Public Interest and Accountability Committee (PIAC), the amount excludes an oil lifting that was done by a subsidiary of the Ghana National Petroleum Corporation, Jubilee Oil Holding Limited (JOHL), which acquired Anardarko last year.

Finance minister to give full account in parliament on the utilization of funds borrowed domestically following the downgrade of Ghana's economy to deeper junk status.

The Cocoa Marketing Company (CMC), Ghana Shippers Authority (GSA) and 18 shipping lines have agreed to increase basic freight rates for the 2022/2023 cocoa season to all destinations but the United Kingdom (UK).

Bringing you updates from the world of business

Ratings agency, Fitch, has revised its end-year forecast for the price of Brent Crude to $100 per barrel, from the previous $105.

Ghana’s economy expanded by 4.8% in the second quarter of this year, higher than the 3.4% recorded in the first quarter, data from the Ghana Statistical Services has revealed.

The Ghana Private Road Transport Union (GPRTU) has debunked claims it will increase transport fares in the coming days.

Two Chinese firms dealing in footwear and accessories at the Central Business District of Accra in the Greater Accra region have been handed over to the Regional Criminal Investigations Department, CID for allegedly issuing fake Value Added Tax (VAT) invoices.