Business

May inflation rises marginally to 42.2% after four consecutive decreases

June 14, 2023

Inflation for May 2023 has experienced a marginal increase, rising from 41.2% in April 2023 to 42.2%. The Government Statistician, Prof. Samuel Kobina Annim, disclosed that the main drivers of this inflation are food and non-alcoholic beverages constituting 52.4%. Housing, Water, Electricity, Continue Reading

Business

I will partner Private Sector to fund infrastructure – Alan Kyerematen

June 14, 2023

The former Minister for Trade and Industry, Alan Kyerematen says he will partner with the private sector to fund infrastructure in the country. This becomes a new policy direction in Ghana’s history of infrastructural development and will ease the burden on central government in the areas of infrastructure financing. Mr Alan Kyerematen made this known […]Continue Reading

Business

Global growth to slow to 2.1% in 2023; prospects clouded by financial risks – World Bank

June 7, 2023

Global growth has slowed sharply and the risk of financial stress in Emerging Market and Developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. It is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China, growth is set to […]Continue Reading

Business

Ghana is the best destination for investment in West Africa – Bawumia

June 7, 2023

The Vice President, Dr. Mahamudu Bawumia, has stated that despite the existing economic challenges, Ghana remains the most favourable investment destination in the West African Sub-region. In his opinion, the $3 billion support received from the International Monetary Fund (IMF) will contribute to the stabilization of the Ghanaian economy. Dr. Bawumia expressed confidence Continue Reading

Business

Times are hard, review your expenditure – Akpeloo tells govt

April 6, 2023

Executive Member of the Association of Ghana Industries (AGI) Tsonam Akpeloo has told the government to review some of the areas it is spending revenue. He said times are hard therefore the government must review its expenditure to reflect the realities. Speaking on the Ghana Tonight show on TV3 Wednesday, April 5 in connection with the three […]Continue Reading

Business

Be vigilant when you visit LPG stations or risk being cheated – LPG Marketers Association to consumers

April 4, 2023

Vice president of the Liquefied Petroleum Gas (LPG) Marketers Association, Gabriel Kumi, has urged consumers of LPG consumers “to be vigilant, when they go to LPG outlets to fill their gas”. He was reacting to assertions that some LPG stations are not filling the cylinders to the required measure. LPG cylinders are usually filled to […]Continue Reading

Business

Thai Companies, Jospong Sign MoU For Rice Project

March 28, 2023

A number of companies in Thailand have signed a Memorandum of Understanding (MoU) with the Jospong Group of Companies (JGC). These companies, numbering about 10, are in the Thailand rice value chain, and it is in relation with the Ghana-Thailand Rice Project. The companies, which cut across the rice value chain and include fertilizer producers, […]Continue Reading

Business

Gov’t Rakes In GH₵2.76bn

March 21, 2023

Government has received a whopping GHS2.76billion as payment for taxes, royalty and carried interest for the full-year 2022. The amount, according to the mining firm, includes corporate tax in the sum of GH₵1.530.9 million, mineral royalty amounting to GH₵548.3million,as well as carried interest,which is GH₵222.1million. The rest are withholding tax GH₵164.5million, PAYE Continue Reading

Business

CPA threatens to injunct PURC from future utility tariff hikes

March 9, 2023

Consumer Protection Agency (CPA) has censured the Public Utility Regulation Commission (PURC) for reneging on its supervisory role on the utility service providers in the country. It has opined that PURC has failed woefully in protecting the common interest of consumers as enshrined in Act 538 of the 1992 Constitution. CPA has frowned on the poor […]Continue Reading

Business

Office of Registrar of Companies worried of several unclaimed dividends

March 7, 2023

The Office of the Registrar of Companies has expressed worry about the several unclaimed dividends by shareholders. It is therefore making moves to ensure companies with unclaimed dividends transfer the funds to the office. This is to discourage the firms from borrowing the unclaimed dividends. The Registrar of Companies, Jemima Oware, speaking at a programme […]Continue Reading