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The Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) have asked their members not to increase transportation fares until further notice despite the recent hike in the prices of fuel. In a joint statement, the two unions said negotiations have already begun to determine an “appropriate fare adjustment acceptable […]Continue Reading
Business
The government has been advised to seek economic assistance programme from the International Monetary Fund to bring back life into the Ghanaian economy. Former Finance Minister, Seth Tekper recently urged the government to consider a “Home Grown” or “External” programme to revitalize the economy which has been saddled with high debt and financing gap, partly […]Continue Reading
Business
Former Lands Minister, Inusah Fuseini, says some Ghanaian companies continue to export rosewood outside the country despite a ban by government. Addressing stakeholders’ at the Joy Forum to address the illegal trade of rosewood Wednesday, the former Tamale Central MP said neither the erstwhile Mahama administration nor the incumbent government has lifted the ban Continue Reading
Business
The National Petroleum Authority has reduced petroleum margins by 8 pesewas, from the 17 pesewas earlier announced. This will however take effect from Wednesday, 5th May, 2021. At a meeting including the Energy Minister, Dr. Mattew Opoku Prempeh; representatives of the Association of Oil Marketing Companies; the NPA; Bulk Oil Storage and Transportation Company; the […]Continue Reading
Business
Authorities at the Northern Electricity Development Company (NEDCO), say work is ongoing to fix the technical challenges which have interrupted the power supply to the Tamale metropolis. Parts of the metropolis have recently been plunged into darkness due to the fault. While the Ghana Grid Company (GRIDCo) resolves the challenge at Adubili-yili KV substation, NEDCo […]Continue Reading
Business
The Bulk Oil Storage and Transportation Company Limited (BOST) has responded to the Institute of Energy Security (IES) over the latter’s recent call for the withdrawal of increased margins on petroleum products. BOST says the IES’ explanation of the increase in the BOST Margin was a “sensationalized interpretation”. Last week, IES asked government to without […]Continue Reading
Business
Ghanaian businessman, Dr. Kofi Amoah has expressed doubt that Ghana’s economy will be able to grow exponentially, owing to the country’s excessive borrowing and the poor management of borrowed funds. According to him, the nature of successive governments’ handling of borrowed funds leaves the country in a more distressing situation when it could have found […]Continue Reading
Business
President Akufo-Addo has touted the achievement of his government in the economic sector. According to the President, his government has created a level playing field for both foreign or domestic businesses in the country. He indicated that the coming of Twitter’s headquarters to Ghana is excellent and will enable people feel free and confident about […]Continue Reading
Business
The Institute for Energy Security (IES) has asked the government and the National Petroleum Authority (NPA) to immediately withdraw the increased levies on some margins in the Price Build-Up (PUB) of petroleum products. The amended margins include the BOST margin, Primary Distribution margin (PDM), Fuel Marking margin (FMM) and the Unified Petroleum Price Fund (UPPF) […]Continue Reading