Business

Cedi records marginal appreciation against dollar

Steve Darko March 20, 2019 30 0

The Ghana cedi has started recording some marginal appreciation against the dollar on the market. Checks on the market show that on Thursday, March 14 the local currency did appreciate against the dollar by some 5 per cent to trade at around GH¢5.60 compared to about GH¢5.90 last Tuesday and Read More

Business

Accra Mall to introduce Family Club

Steve Darko March 19, 2019 37 0

Ghana’s first large-scale mall, Accra Mall, is set to launch a new loyalty club to give families an enthralling shopping experience at the mall on Saturday, 23 March 2019. Dubbed: ‘Family Club,’ it’s a free club aimed at giving parents and their children a number of fun activities to enjoy at the popular shopping destination. […]Read More

Business

AirtelTigo offers industry’s first: data that doesn’t expire

Kobina Nyame March 19, 2019 47 0

Who doesn’t want value for money? Everyone deserves to get the most out of their money for the services or products they pay for and enjoy it to their maximum satisfaction. So, imagine walking into a restaurant with your dinner date, and ordering that favorite dish off the menu – jollof and goat meat. As […]Read More

Business

Gov’t firms up deals for agriculture mechanization, Yendi water projects

Steve Darko March 19, 2019 34 0

Government has reached final agreements with the India Export-Import (EXIM) Bank for the take-off of financing arrangements to improve agricultural mechanization services in farming communities across the country and provide water for the inhabitants of Yendi and its surrounding towns and villages. This was made known after a meeting between officials of EXIM Bank of […]Read More

Business

Do you consume more data on 4G?

Steve Darko March 19, 2019 38 0

It is a question that always comes up in any country that has implemented and deployed 4G technology. Now, in the wake of Vodafone’s impending 4G launch on March 19, 2019, this crucial question has been popping up on the telecom company’s social media platforms. A curious me set out to research into this and […]Read More

Business

Currency speculators move in on cedi

Steve Darko March 19, 2019 37 0

As widely expected by financial markets analysts, currency trading speculators are increasingly taking trading positions against the cedi in an effort to reap quick profits from the national currency’s ongoing sharp depreciation. Despite the unexpected rebound of the cedi towards the end of last week – the currency gained some three percent against the United […]Read More

Business

Why are you not prosecuting Otabil, others? – Ken Thompson asks

Steve Darko March 19, 2019 86 0

The Chief Executive Officer of Dalex Finance, Mr Kenneth Thompson, has expressed worry over the delay in prosecuting persons responsible for the collapse of the five indigenous banks. According to Mr Thompson, huge sums of money have already been lost adding that if justice was not delivered swiftly, it would “undermine the integrity of the […]Read More

Business

Ghana benefiting from hedged gold prices

Steve Darko March 19, 2019 32 0

For the better part of the first quarter of 2019, gold, which remains the largest foreign exchange earner for the country has being trading on the international market at lower prices than it did last in the same period of last year. According to data from investing.com, gold prices stood at between US$1348.20 per ounce […]Read More

Business

‘Move to secure depositors funds at DataBank’

Steve Darko March 19, 2019 35 0

Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has called on the Securities and Exchange Commission (SEC) as a matter of urgency to act professionally to secure depositors funds at Databank and seize the opportunity to do a thorough regulatory compliance review and assurance of the financial institution. According to him, the Chief Executive […]Read More

Business

Domestic tax collection exceeds target

Kobina Nyame March 19, 2019 41 0

The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) mobilised an amount of GHC 24.4 bn in 2018, thus exceeding its target for the year. This means an excess of GHC 850m representing 3.5% of planned collection target of GHC 23.5bn, although this falls short of the overall revenue target of GHS […]Read More

Business General

“Revoke licences of Shaanxi Mining Ghana Ltd, partners”

Ama Serwaa March 18, 2019 63 0

A group known as the Concerned Citizens of Talensi in the Upper East Region has appealed to the President to revoke all licences granted to Shaanxi Mining Ghana Limited and its partners, Yenyeya and Pubodtaaba Mining Groups, to mine at Gbane in the Talensi District. The group took to the streets of Tongo, in the […]Read More

Business Regional

600 bags of cocoa beans reduced to ashes

Ama Serwaa March 18, 2019 33 0

Two cocoa trucks collide head-on, sparks fire near Tema motorway Two articulated trucks carrying 600 bags of cocoa beans went up in flames Monday morning following a head-on collision near the Tema motorway roundabout. One of the trucks was moving from a waiting yard towards the weighbridge area while the other was making a U-turn […]Read More

Business

Akufo-Addo Signs Ghana Civil Aviation Bill

Ama Serwaa March 18, 2019 54 0

President Nana Addo Dankwa Akufo-Addo has assented to the Ghana Civil Aviation (Amendment) Bill to become Act 985 (2019). The Amendment of the Ghana Civil Aviation Act 906 (2016) is to address the various deficiencies raised by the International Civil Aviation Organisation (ICAO) with respect to the Aviation sector. The New Act, thus, empowers GCAA […]Read More

Business

€40m EU grant to boost investment, job creation

Ama Serwaa March 18, 2019 38 0

Ghana has signed a €40 million facility grant with the European Union (EU) aimed at promoting investments and job creation in the country. This was disclosed by the Minister of Information, Kojo Oppong Nkrumah today at a press briefing in Accra. The financing agreement spans between 2014 and 2020. It is the last programme to […]Read More

Business

Kweku Baako breaks silence on free fall of Cedi

Ama Serwaa March 18, 2019 42 0

Editor-in-Chief of the New Crusading Guide newspaper, Abdul Malik Kweku Baako Jnr., says unless politics is taken out of the equation on the matter of the depreciation rate of the cedi, it will be difficult to find a lasting solution to it. The cedi has depreciated by 8.5 percent since January 2019. Currency analysts are […]Read More

Business

Time to invest in Africa is now – Bawumia

Ama Serwaa March 18, 2019 38 0

Vice President, Dr Mahamudu Bawumia, has challenged investors to constructively engage their African counterparts as the governments and peoples of the continent gear up to take their destinies in their own hands and assume their rightful places in the comity of nations. According to Dr Bawumia, “Africa is on the move; a continent eager to […]Read More

Business

Cabinet approves Downstream Petroleum policy

Ama Serwaa March 18, 2019 32 0

Cabinet has approved a Policy on Ghanaian content and Participation in the Downstream Petroleum Industry in Ghana. The Policy is intended to ensure a Ghanaian-driven and Ghanaian owned petroleum downstream industry capable of attracting increased local value-added investments and enhanced Job opportunities as well as indigenous knowledge, expertise and technology in the Read More

Business

Ghana gets 40m Euro facility from EU

Steve Darko March 18, 2019 35 0

Ghana has signed a 40 million euro facility grant with the European Union aimed at promoting investments and job creation. This was announced by the Information Minister at a press briefing on Sunday. This financing agreement is the last programme to be signed from Ghana’s indicative allocation of 323 million Euros under the 11th European […]Read More

Business

TOR workers want Board, MD removed

Steve Darko March 18, 2019 30 0

Some concerned workers of the Tema Oil Refinery (TOR) have appealed to President Nana Addo Dankwa Akufo-Addo to remove its Board of Directors and Managing Director for allegedly mismanaging the place. The workers, who pleaded anonymity for fear of victimization, in a document made available to the Ghana News Agency, stated that for more than […]Read More

Business

Bawumia holds talks with top Asian Gas firm

Steve Darko March 18, 2019 34 0

Vice President, Dr. Mahamadu Bawumia, has held talks with a leading oil and gas firm in South-East, Reliance Industries Limited, on the possibility of the company refining crude oil in Ghana. The talks were held in India on the sidelines of the 14th CII-EXIMBank Conclave on India Africa Partnership Project. Commenting on the meeting in […]Read More

Business

Ghana to become self-sufficient in rice production

Steve Darko March 18, 2019 40 0

Ghana is to become self-sufficient in rice production by the year 2025. This may sound ridiculous but certainly not impossible. The disclosure is couched in the Akufo-Addo government’s newly introduced initiative on rice production, strategically structured as an arm of its flagship Planting for Food and Jobs (PFJ) programme, to boost the production of the […]Read More

Business

Cabinet approves Downstream Petroleum policy

Steve Darko March 18, 2019 35 0

Cabinet has approved a Policy on Ghanaian content and Participation in the Downstream Petroleum Industry in Ghana. The Policy is intended to ensure a Ghanaian-driven and Ghanaian owned petroleum downstream industry capable of attracting increased local value-added investments and enhanced Job opportunities as well as indigenous knowledge, expertise and technology in the Read More

Business

Telcos asked to stop sale of sim cards on the streets

Steve Darko March 18, 2019 32 0

Telecommunication service providers in the country have been asked to consider stopping the sale of SIM cards on the streets. This is because the practice has given itself to abuse by fraudsters who patronise the cards to obtain false identifications, in order to perpetuate their criminal activities. The call was made by Consumer Advocacy Center, […]Read More

Business

Time to invest in Africa is now – Dr Bawumia challenges Indian investors

Steve Darko March 18, 2019 33 0

The Vice President of the Republic, Dr Mahamudu Bawumia, has challenged investors to constructively engage their African counterparts as the governments and peoples of the continent gear up to take their destinies in their own hands and assume their rightful places in the comity of nations. According to Dr Bawumia, “Africa is on the move; […]Read More

Business

We’ll look into reasons for recent blackouts – PURC

Ama Serwaa March 17, 2019 37 0

The Executive Secretary of the Public Utilities Regulatory Commission (PURC), Mami Dufie Ofori, has said the commission will look into the reasons given by the Power Distribution Services Limited (PDS) for the recent power outages. PDS has faced increased scrutiny following the near-total grid shutdowns. The blackouts have been attributed to ongoing construction of the Read More

Business General

Power outages due to rainstorm – PDS

Ama Serwaa March 17, 2019 46 0

Power Distribution Services (PDS) Ghana has attributed interruptions and outages in the electricity distribution system to a “massive rainstorm” that hit the country in the early hours of Sunday, March 17, 2019. The PDS in a statement said the rainstorm that hit Accra and other parts of the country uprooted trees and brought down billboards […]Read More

Business General

Your job is not to stabilize the cedi – Ofori Atta told

Ama Serwaa March 15, 2019 64 0

Renowned Economist, Kwame Pianim has asked Finance Minister Ken Ofori Atta not to focus on how to stabilize the Cedi which is struggling against the dollar because that is not his responsibility. According to him, that is the sole responsibility of the Governor of the Bank of Ghana, Dr Ernest Addison and he should be […]Read More

Business

Gov’t makes giant steps to revive Aveyime Rice Factory

Ama Serwaa March 15, 2019 55 0

The government is in talks with some private investors to revive the abandoned Aveyime Rice Factory. According to the Trade Ministry, deliberations are far advanced with a private company called Flamingo to get the factory working in some three months’ time. Citi News reports have revealed the factory has largely been a disappointment because of […]Read More

Business

Importers to hit streets of Kumasi over tax hikes, Cedi depreciation

Steve Darko March 15, 2019 60 0

A group of importers in Kumasi have threatened to embark on a demonstration to register their displeasure over “several taxes” being collected at various entry points. The Kumasi Central Market Importers and the Eastern Corridor Importers Association say the development is making their work difficult. Frustrations At a press conference in Kumasi on Wednesday, March […]Read More

Business

PURC to sanction PDS over power outages

Steve Darko March 15, 2019 56 0

The Public Utilities and Regulatory Commission (PURC) has said it will sanction Power Distribution Services (PDS) Ghana if it finds that the recent power outages breach its service delivery guidelines. Mami Dufie Ofori, Executive Secretary, said the Commission is closely monitoring the development and will initiate investigations into the outages to ascertain the real Read More