The Ghana Private Road Transport Union (GPRTU) has disclosed that it will increase transport fares following the imposition of the Emissions Levy which took effect on Thursday, February 1, 2024. The Emissions Levy which is contained in the 2024 budget is in line with the government’s efforts aimed at tackling greenhouse gas emissions to promote […] The post Emissions
The Consolidated Bank Ghana LTD (CBG) has been recognized by the Ghana Incentive-based Risk Sharing System for Agricultural Lending Project (GIRSAL), through its Partner Excellence Awards, with the Highest GIRSAL guaranteed Credit of the Year. The award presented by the CEO of GIRSAL, Mr. Kwesi Korboe to the Managing Director of the Bank was to […] The post CBG
Henry Quartey, the Greater Accra Regional Minister, has disclosed that, contrary to spare part dealers at Abossey Okai opposing the proposal to move them to Afienya, over 4,000 of the dealers appended their signatures agreeing to be moved to the proposed location. As part of its decongestion exercise of major places in Accra, the government […] The post Over
The start of 2024 has been marked by a wave of increasingly pessimistic forecasts for China’s economy. While the Chinese Government remains optimistic, the International Monetary Fund projects that GDP growth will slow to 4.6 percent this year, from 5.4 percent in 2023. Meanwhile, the Chinese stock-market rout is expected to continue after share prices […] The post China’s
Ghana has been lauded for its ambitious Free Senior High School (SHS) programme, aimed at making quality high school education accessible to all. Spearheaded by the government, this initiative has made substantial investments, amounting to approximately GH¢8.4billion, and has provided education opportunities to a commendable 5.7 million Ghanaians over the past seven years. However, beneath […] The post
Ken Ashigbey The Ghana Chamber of Telecommunications has directed all Electronic Money Issuers nationwide (EMI’s) to coordinate with agents to link their accounts with either the Ghana card or Read More... The post No Ghana Card Registration,
Dr. Ernest Addison GHANA’s TRADE account has recorded a marginal decline despite recoding a surplus of US$2.63 billion for 2023. The figure was lower than the US$2.87 billion surplus Read More... The post Trade Balance Suffers Marginal Decline appeared first on
Grenadier 4X4 on display Japan Motors Trading Company Limited (JMTC), a retail partner for INEOS Grenadier has launched its ION Motors Grenadier operations in Ghana following the inauguration of Read More... The post ION Motors Enters Ghanaian Market appeared first on
“If you make friends with the boatman in the dry season, you will be the first to cross when the rains come and the tide is high.” – African Proverb Our human history has a way of repeating itself in ways that are so predictable we can confidently conclude it is cyclical. It may be […] The post The Attitude Lounge by Kodwo Brumpon: Evolution of
The world was greeted with thunderbolt of shock when on Sunday January 28, 2024 three member states of the Economic Community of West African States (ECOWAS) pulled out of the sub-regional body. They are Burkina Faso, Mali and Niger, all Sahelian states in the block. A number of factors, ranging from trans-border trade to security […] The post Burkina, Mali, Niger exit –slap in the face of
The Ghana Association of University Administrators (GAUA) is considering suspending its ongoing strike pending a scheduled meeting with the Ministry of Education and the Ghana Tertiary Education Commission (GTEC) on February 7, 2024. The union began a nationwide strike, citing the government’s disregard for their conditions of service. While the National Labour Commission (NLC) has […] The post GAUA
The National Petroleum Authority (NPA) successfully held the maiden Open Competitive Tender for LPG imports into the country on Monday, January 29th, 2024. The winning tenderer submitted the lowest premium of USD30.39/MT for the four (4) Lots that were tendered for the period from March to June 2024. This marks a significant drop from the […] The post NPA
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
The Ghana Integrated Aluminium Development Corporation (GIADEC) has reached a partnership deal with Mytilineos Energy and Metals toward building an alumina refinery in the country. The agreement pertains to Project 3A, one of four projects under the Integrated Aluminium Industry (IAI) projects at Nyinahin-Mpasaaso in the Ashanti Region. Under terms of the agreement, Mytilineos – a Greek company – will spearhead the development of a […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
The Commissioner General of the Ghana Revenue Authority, Rev. Ammishaddai Owusu-Amoah, says the commission has adopted measures to reduce tax defaults of Oil Marketing Companies (OMCs). This follows revelations in the 2022 Auditor General’s report that 18 OMCs owed over GH¢3 million in taxes. Rev. Owusu-Amoah noted that while the Authority was in court to […] The post GRA
Telecel Group, an Africa-focused telecommunication company with expertise in combining telecommunication with fintech, e-commerce, and tech start-ups successfully acquired 70 percent majority shares in Vodafone Ghana in February 2023 and is set to bring disruptive innovation into Ghana’s telecom industry with customer-centric products. A statement issued by the company in Accra yesterday quoted the CEO … The post Vodafone
…the facts SML discussions ignore Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked […] The post
Richmond Amoateng, the Head of Operations at Agazy Group of Companies and a prominent business figure, marked his birthday by supporting the Tema General Hospital in the Greater Accra Region. His contribution included the donation of medical equipment, such as liquid soaps, Savlons, Kol roll, paper towels, bottled water, and various other supplies. Additionally, Mr. […] The post
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