Joy Business

26/06/2025

Senior Partner at AB & David, Dr. David Ofosu-Dorte, has called on the government to take advantage of the country’s current gold export boom, by establishing multiple sovereign wealth funds to help build a resilient and self-sustaining economy.

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26/06/2025

Pricing is a challenge, our way of pricing is not modernized, food is cheaper in Cote D’Ivoire because every food item is weighed on a scale - Dr. David Ofosu-Dorte

26/06/2025

Senior Partner at AB and David, Dr. David Ofosu-Dorte has blamed the influence of market queens as one of the reasons for high food prices on the market. According to Dr. Ofosu-Dorte, the control market queens wield, enables them to decide activities in the value chain including the carting of these food items from farmlands to districts and big cities.

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26/06/2025

Inflation is expected to witness another sharp decline in June 2025 to 16%, IC Research has revealed. This will be on the back of favourable foreign exchange pass-through and lower energy prices.

Headline inflation decelerated by 280 basis points to 18.4% year-on-year.

26/06/2025

Economist, Professor Godfred Bokpin, has called for a renewed commitment to long-term economic planning in Ghana, emphasizing the critical need to leverage national data to inform policy decisions that foster equitable development across all regions of the country.

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26/06/2025

The Managing Director of Republic Bank (Ghana) PLC Dr. Benjamin Dzoboku has attributed the bank’s sterling performance in 2024 to new measures adopted to improve lending to its customers and reduce non-performing loans.

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26/06/2025

Seventy-three percent of consumers in a survey conducted by Maverick Research believe prices of foreign goods should drop significantly, especially on products like electronics, auto parts, building materials, and fuel.

The survey also revealed that most shoppers are expecting noticeable price reductions within one to three months, driven by lower import bills.

26/06/2025

The Ghana Investment Promotion Centre (GIPC) has signaled a tougher stance on non-compliance with Technology Transfer Agreement (TTA) regulations, warning of impending sanctions against banks and businesses that fail to register such agreements with the Centre.

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26/06/2025

Ghana’s Deputy Minister of Finance, Thomas Nyarko Ampem, has commended the African Export-Import Bank (Afreximbank) for its unwavering support to Ghana and other African countries, especially during times of crisis.

26/06/2025

The Chairman of the Chamber of Oil Marketing Companies, Dr. Gabriel Kumi, has expressed deep concern over Ghana’s limited capacity to store strategic fuel reserves, warning that the country is ill-prepared to withstand prolonged external supply shocks.

“The total storage infrastructure in Ghana, assuming you add storage tanks and Tema Oil Refinery, is just about one million cubic meters, approximately one billion liters of storage capacity. And that is just about two months of our use,” he added.

26/06/2025

The Chairman of the Chamber for Oil Marketing Companies (COMAC) is urging the government and the National Petroleum Authority (NPA) to build a second Conventional Buoy Mooring (CBM) facility, in the short-term, to make it easier for vessels to discharge products quickly and eliminate the bureaucracy around Leycan allocations.

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26/06/2025

Transportation is not as a result of forces of supply and demand. It's not true. It's very easy for you to be taught in the classroom. That is not happening. What is happening now is purely a cartel deciding how much to price fares.