Business

Mechanics, traders on GAEC land relocated to Kwabenya new market

May 20, 2022

About 200 auto-mechanics and petty traders on portions of the Ghana Atomic Energy Commission’s land have been relocated to the Kwabenya new market enclave after a series of engagements and notices. This is to allow for the allocation of the said land to the Circuit Court, National Investigation Bureau and other state agencies for the […]Continue Reading

Business NEWS

We have no control over rising food prices – Agric Ministry

May 20, 2022

The Ministry of Food and Agriculture says, although it is concerned about the high cost of food prices, little can be done from its end to tackle the situation. It attributes the increases to factors beyond its control, such as fertilizer supply, cost of agricultural inputs, and transportation cost, among others. Food prices in the […]Continue Reading

Business

‘You can’t manage mineral resources like running an investment bank’ – Yaw Graham

May 19, 2022

The Coordinator of the Third World Network Africa, Dr. Yao Graham, has kicked against what he calls the development banker’s approach to managing Ghana’s finances and resources, amid concerns over the Agyapa deal. Speaking on The Point of View on Citi TV, Dr. Graham said the deal to securitize Ghana’s gold revenue followed a trend […]Continue Reading

Business

Manufacturing, Petroleum sub-sectors push Producer Price Inflation to 31.2%

May 19, 2022

The manufacturing and petroleum sub sectors pushed the Producer Price Inflation (PPI) high to 31.2%, signaling increasing price of goods and services. According to the Ghana Statistical Services, the month-on-month change in the producer price index between March 2022 and April 2022 was 1.1%. Indeed, the producer inflation for the Manufacturing sub-sector, which Continue Reading

Business HEALTH

Bank of Ghana hospital not for only the rich – Management

May 17, 2022

The Management of the Bank of Ghana hospital in the Greater Accra Region has debunked reports on social media that, they only cater for the rich and affluent in society. Management said it is open to all and even accepts the National Health Insurance card to deliver quality healthcare to Ghanaians. Already, it said the […]Continue Reading

Business

IEA projects 19% policy rate; describes inflation targeting framework as inefficient

May 17, 2022

The Institute of Economic Affairs is projecting a 200 basis points increase in the policy rate (PR) of the Bank of Ghana (BoG) to 19.0%. This, it believes, will help narrow the gap with the rising inflation and also ease to some extent the risk of foreign currency outflows. However, the move will increase the […]Continue Reading

Business

Agongo’s lithovit fertiliser is our ‘messiah’; it gave us more yield, money and made us happy – Cocoa farmer

May 17, 2022

  A cocoa farmer, Samuel Torbi, the second defence witness for Dr Stephen Opuni, a former CEO of the Ghana Cocoa Board (Cocobod), who is standing trial along with businessman Seidu Agongo for causing financial loss of GHS217 million to the state, has told the High Court trying the case that lithovit liquid fertiliser was […]Continue Reading

Business

Over 120,000 persons reimbursed after wrongful E-levy deductions – GRA

May 16, 2022

After the initial challenges that disrupted the first few days of the implementation of the electronic transfer levy, over 120,000 customers have so far been reimbursed for wrongful deductions. Head of Project Management Unit at the Ghana Revenue Authority, Isaac Kobina Amoako, who made this known said, “the data we had for those who had […]Continue Reading

Business

Fuel prices to rise marginally in second pricing window of May – IES

May 16, 2022

Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the […]Continue Reading

Business NEWS

MIIF To Inject Over $400 Million Into Mining Industry

May 12, 2022

The Minerals Income Investment Fund (MIIF) is set to pump some 400 million dollars ($400M) into its new small-scale incubation programme to, ostensibly, transform Ghana’s gold mining sector. According to the Chief Executive Officer (CEO) of the Fund, Edward Nana Yaw Koranteng, the amount which will cover a period of ten years, forms part of […]Continue Reading