Prime News Ghana

Today's Ghana Business, Banking and Economic news

Inflation drops to 22.8% in June

The year-on-year inflation rate slowed to 22. 8 per cent in June compared to 23.1 per cent the previous month, the Ghana Statistical Service said on Wednesday.

Musk defeats ex-Twitter staff seeking $500m in severance

A US judge has dismissed a case brought by former Twitter staff, who had accused billionaire Elon Musk of unlawfully denying roughly $500m in severance payments owed to workers fired after his takeover of the company.

China rocked by cooking oil contamination scandal

The Chinese government says it will investigate allegations that fuel tankers have been used to transport cooking oil after carrying toxic chemicals without being cleaned properly between loads.

Pension benefits payments rise by 31.7% to GHS 5.4 billion

The Social Security and National Insurance Trust’s (SSNIT) 2023 operations also saw a significant increase in benefits payments which amounted to GHS 5.4 billion, compared to GHS 4.1 billion in 2022 and GHS 3.6 billion in 2021.

Central bank borrows GHS 719m

The Bank of Ghana (BoG) successfully raised GHS 719 million through its recent 56-day bill auction, at a notable interest rate of 28.9 percent.