Fears of a brewing global recession were renewed this week as markets whipsawed over President Donald Trump's trade war with China as well as disappointing economic data from both Germany and China.
Dr Charles Wereko-Brobby, a former Chief Executive Officer of the Volta River Authority (VRA) has attributed the collapse of some 23 savings and loans companies to the lack of supervision from the Bank of Ghana, BoG.
The Bank of Ghana, BoG has said funds are available to pay customers of the 23 finance houses and savings and loans companies whose licences were revoked today.
The Bank of Ghana, BoG has with immediate effect revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies.
The cost of shipping is set to increase by about 20 percent worldwide from 1st January 2020, when the full implementation of the International Maritime Organization 2020 Sulphur Cap regulations takes effect.
The Bank of Ghana (BoG) has directed Banks and Specialized Deposit-taking Institutions (SDIs) to desist from the payment of facilitation/business development fees or any other fees.
Mr. Dela Gadzanku, the Eastern and Volta Regional Chairman of the Association of Ghana Industries (AGI), has called for the promotion of the wearing of made in Ghana footwear alongside the wearing of made in Ghana clothes on Fridays.
The Ghana Statistical Service (GSS) has announced that the year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 9.4 per cent in July 2019, a 0.3 percentage point increase from the 9.1 per cent recorded in June 2019.
The Ghana Revenue Authority (GRA) on Tuesday launched a mobile application dubbed “Ghana Tax Stamp Authenticator†that helps consumers to detect the genuineness of products sold in retail shops.
