Bank customers have started running to foreign currency deposits as a safe haven after the cedi consistently lost value against its major trading currencies, especially the US dollar in the second quarter of 2020, the Statistical Bulletin report has shown.
From the May-2020 Statistical Bulletin, the data show that in...
The West African container trade covers some twenty-five countries, with twenty possessing direct access to a coastline. It is a market that has developed greatly in recent years and is home to some of Africa’s most vibrant, promising markets, such as Nigeria, now Africa’s most populous state and a...
Mr. Serebour is a wealthy spare parts merchant in Kumasi Suame Magazine, a hub of the automotive industry in Ghana. He started as a heavy -duty truck mechanic. By dint of business acumen he now has investments in real estate and transport businesses. These companies employ several young graduates,...
The Chief Executive Officer of the National Petroleum Authority, Alhassan Tampuli, has said all challenges identified in the piloting of the Cylinder Recirculation Model (CRM) will be addressed before full implementation.
“In recent times, we have had calls by some industry players to halt the implementation of the CRM pilot...
Hiroshima after the US military dropped the atomic bomb on 6 August 1945. Peace Memorial Museum
This year marks the 75th anniversary of the bombing of Hiroshima and Nagasaki by the US in 1945, the only time in history that nuclear bombs have been used.
The atomic bombs killed tens of...
According to the Congressional Research Service (CRS), measures of economic performance in the refining industry usually begin with the gross margin, referred to as crack spread. The gross refining margin is a simple, first approach to refinery profitability. It is computed as the total revenues from product sales minus...
The Association of Ghana Industries (AGI) has advocated speedy adoption and promotion of renewable energy sources, so as to diversify the power generation mix and bring about competitiveness.
Ghana's installed power capacity is about 4399MW of which 22.5WM is renewable energy against a demand of about 2,700WM. Despite the excess...
The President of the Ghana Journalists Association (GJA), Mr. Roland Affail Monney, has paid a visit to Satellite Africa Network Services Limited (SatAfrik) at East Legon in Accra.
He was accompanied by the Organising Secretary of the Association, Mr. Albert Kwabena Dwumfuor. They were there to familiarise themselves with the...
Management of the Ghana Airport Company Limited (GACL) has refuted claims by former President John Mahama that there are plans to cede a huge part of the airport to a Turkish company. The Airport company last month refuted claims of privatisation after some staff of the company held a...