Business News in Ghana

For most rich Ghanaians who once had thriving businesses, 2019 marked the end of their business owing to major setbacks particularly due to the unsteadiness of the financial sector which had their business folded.

According to data from the Bank of Ghana, the cedi depreciated by about 10.6 percent against the greenback compared to the 8.21 percent depreciation achieved last year.

In a statement signed by Research & Policy Analyst Raymond Nuworkpor, he said the increase in the price of crude oil and gasoline on the international market could affect the price of fuel in the coming year.

According to the Bank of Ghana’s Foreign Exchange Forward Auction guidelines issued on 23 September 2019, the bids are invited as per the prescribed format to purchase or sell dollar against Ghana cedi separately on each auction.

South African mobile company MTN has responded to allegations that it paid bribes to al-Qaeda and the Taliban. According to the telecommunications giant it is investigating the allegations leveled against it.

A couple almost lost it all when they accidentally threw away £15,000 (N7,120,297.50) at a recycle plant. Grace, however, found them as the money was returned to them.