Tuesday , 26 January 2021
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Dr. Konadu Apraku addresses Technical Committee on single currency

The Economic Community of West African States (ECOWAS) Commission has held its maiden Virtual meeting of the Technical Committee on single currency. The 5-day programme held from 8th – 12th January 2021, saw membership drawn from member states made up of Ghana, Nigeria, Sierra Leone, Guinea, Liberia and The Gambia and Partner Institutions including West African Institute for Financial and …

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Made in Ghana bread selling in US stores

Ghana’s premium and tasty cake bread A1 has penetrated the US market after three years of being in local operation. Ghana’s Embassy in Washington announced on Friday that A1 bread is now available in America after successfully going through a special US government programme known as Select US, designed to help foreign products penetrate the U.S market. “We are happy …

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Patronage of artefacts tumbles at the Accra Arts Centre

Traders at the Accra Art Centre say business activities continue to decline as measures taken to curb COVID-19 impede patronage of their wares. They said most of the customers were foreign tourists who no longer visit because of the limitation on international travel. Local buyers who are normally celebrants at weddings, festivals and other social functions, could not also use their products …

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85th ECOWAS Council of Ministers meeting ends

The 85TH Ordinary Session of the ECOWAS Council of Ministers has ended ahead of the Summit of Heads of State. The two-day meeting, via videoconferencing, was in preparation for the Summit of the ECOWAS Heads of State and Government, which would also be held virtually on the 23rd of January. During the Ministers Meeting, they deliberated on issues germane to …

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December 2020 PPI records 7%

The Producer Price Inflation (PPI) rate for December 2020 was 7 percent, the Ghana Statistical Service (GSS) has said on Wednesday, January 20, 2021. This rate, according to the GSS, indicates that between December 2019 and December 2020 (year-on-year), the PPI increased by 7.0 percent. This rate represents a 1.1 percentage point decrease in producer inflation relative to the rate …

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Oil rises on expectations of ‘Big’ U.S. stimulus package

Oil prices shook off the risk-off trade on Monday and rose early on Tuesday, amid expectations that U.S. Treasury Secretary nominee Janet Yellen will push for a large relief package to support the U.S. economic recovery. As of 10:39 a.m. ET on Tuesday, WTI Crude prices were up 0.92 percent at $52.80 and Brent Crude was trading up 1.92 percent …

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Fuel hikes affect prices of maize in Odumasi

Correspondence from Bono Region A visit by GhanaWeb to the Odumasi Maize Markets reveals an upward increment in their prices from Gh?150 per bag last year to Gh?220 this year, an increment of Gh?70 per bag. The chairman of Odumasi Maize Market Association, Mr John Obiri Anane attributes the sharp increase in prices to the cost of transporting the maize …

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Forex market expects stable 1st Quarter exchange rate

The results of the first of the 24 forward foreign exchange auctions scheduled by the Bank of Ghana for 2021 indicate that the local forex market remains confident that the cedi will hold its own against the United States dollar at least through to the end of the first quarter of the year. Altogether there were 136 bids for various …

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Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

The Bureau of Public Safety is admonishing businesses across the country to fully comply with the Fire Precautions (Premises) Regulations L.I. 1724. According to the bureau, following the regulations will help prevent the frequent occurrence of fire outbreaks especially at business centres in Ghana. Executive Director of the Bureau, Nana Yaw Akwada believes these loses can be prevented if the …

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Accra-Tema Motorway expansion contract duly evaluated, negotiated – Ministry

The Ministry of Roads and Highways has rejected a call by the National Democratic Congress (NDC) Caucus in Parliament for the abrogation of the $570 million Accra-Tema Motorway expansion contract. The NDC Caucus in Parliament at a news conference on Wednesday, January 13, had called for the contract between the Government and Mota-Engil Engenharia E Construcao Africa S.A to be Terminated alleging that it …

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