Spain Ghana CC

Import duties are quoted in Cedis not Dollars – GRA

The Ghana Revenue Authority (GRA) has categorically refuted allegations suggesting that import duties are calculated in dollars. Eric Boateng, the president of the Automobile Dealers Union, expressed his concerns about the impact of duties, particularly those imposed in dollars, on the businesses of second-hand car importers in Ghana during an interview with Bernard Avle on […]

Producer price inflation climbs to 16.8% in April

Producer price inflation rate accelerated to 16.8 percent year-over-year in April 2024, according to the latest data from the Ghana Statistical Service. This marked a notable 1.5 percentage point increase from the 15.3 percent recorded in March 2024. On a month-over-month basis, it rose 4.1 percent between March and April. The increase in producer inflation […]

SGCC Partners with SIM.tv for a Cinematic Documentary about Ghana

The Spain-Ghana Chamber of Commerce (SGCC) is excited to announce its strategicpartnership with the acclaimed Spanish media agency SIM.tv, on the production of acinematic documentary about Ghana for CNBC Africa. The feature, Ghana CNBCAFRICA_TV 24: ‘Africa’s Golden Opportunity’ aims to promote our nation’s vastpotential in commerce, investment, and tourism for 2024 and beyond.The film will […]

FERIA DE ABRIL

On April 30, the Spain Ghana Chamber of Commerce celebrated the first edition of the Feria de Abril inGhana. The event, held at Mama Cuisine restaurant, was very well received by the public. A large part ofthe Spanish community supported the proposal, as well as the Latinos and the entire international andlocal community. Some typical […]

GSE market cap crosses GH¢80bn

The Ghana Stock Exchange (GSE) has exceeded the GH¢80billion mark in market capitalisation for the first time, concluding April 2024 at GH¢80.32 billion. The surge in market capitalisation reflects increased trading activity. On the final day of April, the GSE saw some 29,700 shares traded, representing a market value of approximately GH¢180,800. This translates to […]

Glovo to cease operations in Ghana

Glovo, a prominent food delivery platform, has announced its decision to end operations in Ghana on May 10, 2024, despite significant investment in the last two years to expand its services. The company conveyed this development to its network of restaurant partners via email, attributing its decision to profitability issues encountered within the Ghanaian market. […]

Ghana’s economy: GIPC reaffirms commitment to attract foreign investment

The Ghanaian government has reiterated its commitment to creating a favorable investment environment to attract foreign investors and boost economic development. Yoofi Grant, CEO of the Ghana Investment Promotion Center (GIPC), highlighted the crucial role played by investors in contributing to the country’s growth and emphasized the government’s openness to collaborate with foreign partners for […]

The worst is over for Ghana’s economy – IMF Mission Chief

The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now set for full recovery. However, he said this projection is based on the “government continuing to implement the IMF programme the way it has been done over the past year, then […]

Sub-Saharan regional economic outlook — A tepid and pricey recovery

After four turbulent years, sub-Saharan Africa appears finally on the mend. With the easing of global financial conditions, Côte d’Ivoire, Benin, and Kenya issued Eurobonds earlier this year, ending a two year hiatus from international markets for the region. Public debt ratios have broadly stabilized, and some capital flows are making a tentative comeback. The […]

Cedi hits GH¢14.00 to a dollar; depreciates 12.08%

The Ghana cedi has hit GH¢14 to a dollar as the depreciation pressures continue unabated. This has culminated in its year-to-date loss of about 12.08% to the American greenback. Checks by Joy Business indicate that most forex bureaus are selling the dollar for GH¢14 cedis on average to the American greenback. Most analysts had anticipated […]