BizHeadlines: Here are the business stories that made headlines this week

In business this week, Organised Labour has announced its decision to embark on a nationwide strike from October 10, 2024.

This follows the expiration of its ultimatum to the government to deal with illegal mining, otherwise known as galamsey swiftly.

On financial matters, an advisor at the Bank of Ghana, Dr. Steve Opata has asked persons interested in investing in Ghana’s Gold Coins to ready a minimum of GH¢10,000.

According to Dr. Opata, the coins set to be available to the public through the commercial banks are expected to trade from around GH¢10,000.

Also, inflation for September 2024 has increased to 21.5 percent from 20.4 percent recorded in the month of August 2024.

The rise in inflation was attributed to the increase in food inflation as it surged from 19.1% in August to 22.1% in September. But non-food inflation declined to 20.9 percent from 21.5 percent in August 2024.

For the past five months, inflation had seen a downward spiral to reach 20.4% from the over 50% recorded in 2022.

Meanwhile, the General Secretary of the Food and Beverages Association of Ghana, Samuel Aggrey, has forecasted a rise in prices for bottled water and beverages following the recent tariff increases announced by the Public Utilities Regulatory Commission (PURC) for the third quarter of 2024.

He stated that these tariff adjustments, combined with a previous increase, will inevitably lead to higher retail prices for consumers.

Ernestina Serwaa Asante hosted this week's BizHeadlines.

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