Business

Business

Ghana’s Producer Price Inflation Hits 33.2% in August

Ghana’s Producer Price Inflation (PPI) surged to 33.2% in August 2024, a 4.1 percentage point increase from July’s 29.1%. The month-on-month rate stood at 2.7%. According to the Ghana Statistical Service, industry sector inflation (excluding construction) jumped from 37.9% to 44.2%. However, construction sector inflation decreased to 27.7%, while extraction […]

Business

Chief Supports Responsible Mining, Condemns Galamsey

Ghana’s National House of Chiefs President, Ogyeahoho Yaw Gyebi II, has rejected calls for a blanket ban on mining, instead advocating for stricter regulations. He emphasized mining’s significant economic contribution and warned that a total ban would harm the country. Gyebi’s stance comes amid growing pressure to address devastating environmental […]

Business

Ablakwa Exposes Massive Payments to President’s Cousin for Stadium Rehabilitations Amid CAF Ban

North Tongu MP, Samuel Okudzeto Ablakwa, has made shocking revelations about the Akufo-Addo administration’s handling of stadium rehabilitations, despite Ghana’s recent CAF ban. Ablakwa intercepted payment vouchers showing annual payments to Kelvin Ofori-Atta, President Akufo-Addo’s cousin, for stadium rehabilitation works. The payments, totaling GHS32,261,183.78, were made to Kelvin Ofori-Atta’s companies, […]