Today's Ghana Business, Banking and Economic news

The Director of Gold Coast Refinery, Sampson Nortey has decried the woeful state of Ghana's only gold refinery which is currently producing at an average of 5% of its capacity.

Kingdom Books & Stationery, one of the leading book stores in Accra has received GHc12, 917,168 million in claims from its insurer – Donewell Insurance Company Limited.

Shareholders of Tigo and Airtel have appointed General Manager of Tigo Ghana, Roshi Motman as Chief Executive Officer of the merged telecommunications operator.

The producer price of cocoa will remain at GH¢7,600.00 per tonne. This is based on the government’s decision to maintain the price (used during the 2016/17 season) for the 2017/18 season.

The Association of Oil Marketing Companies (AOMC), has appealed to the government to undertake a thorough examination of the Atomic Junction Gas explosion before it comes out with a national policy on fire outbreaks at the pumps.

The consumer price inflation (CPI) for September reduced to 12.2% from 12.3% recorded in the previous month – August.

The crude oil multinational and currently the leading player in Ghana’s oil & gas sector -Tullow, is set to expand its operations in the neighboring Côte d’Ivoire.

The Government has made known its intention to issue the proposed Ghc10 billion energy bond in fragments of two, or more.

The Ministry of Energy has announced that Ghana will be paying over $400 million for cancelling some Power Purchase Agreements (PPAs).

The state has confiscated 15 truckloads of smuggled petroleum products worth GH¢3.4 million.

In spite of positive developments in the US, the dollar closed positive on the international forex front but lost against the local currency in the domestic market due to the supply boost to the cedi.

Credit agency, Standard & Poor has rated Ghana B– (positive) for economic stability in its 2017 country outlook report.

The Ghanaian public will now pay more on their car loans at various banks across the country.

The reconstituted Governing Board of the Venture Capital Trust Fund was on Monday inaugurated, with a charge on members to align its investment in least 100 Small and Medium Enterprises (SMEs) over the medium term and expand the existing SMEs to help maximize economic growth and reduce unemployment.