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Business

GSE closes week in the red

The Ghana Stock Exchange (GSE) closed the second trading week of October in the red as selling pressures in blue-chip companies weighed on the equity indices. At the closing bell, the GSE Composite Index declined by 1.49 per cent to settle at an index level of 3,006.86 points, corresponding to a year-to-date return of 16.56 […]Read More
Business

1D1F for every district by 2020

National Coordinator of the One District, One Factory (1D1F) initiative, Gifty Ohene Konadu, has assured Ghanaians that every district will have its own factory by the end of 2020. She disclosed that some districts would have more factories than others depending on the raw material potentials in the areas. She indicated that the Nsawam Adoagyiri […]Read More
Business

Unilever marks Global Handwashing Day

Unilever Ghana Limited has marked this year’s Global Hand Washing Day with a handwashing festival at the Independence Square in Accra. Dubbed “High5 for handwashing- Give us a high5 and we’ll teach 5 kids handwashing”, the objective of the event was to teach one million children in the country, the proper way of washing hands. […]Read More
Business

Fuel prices to go up again – IES

The Institute of Energy Security (IES) is predicting a marginal increase in fuel prices in its review of this month’s first pricing window, spanning October 1-15, 2018. The Institute attributed the expected increase to a rise in the average Brent crude price by 5.7 per cent with a corresponding increment in the prices of Gasoline […]Read More
Business

PIAC chases MoF for GHS403m oil money

The Public Interest and Accountability Committee (PIAC) is demanding that the Ministry of Finance account for the whereabouts of some GHS403. 74 million of oil revenue. At a press conference on Monday, 15 October 2018, PIAC Chairman Dr. Steve Manteaw, said: “A number of options are opened to us including referring for audit investigations”, adding: […]Read More
Business

Government saves $7.6bn in power deals

Government has saved the country over $7 billion by terminating some surplus Power Purchase Agreements (PPAs) signed by the Electricity Company of Ghana (ECG) under the previous Mahama administration. The termination of the agreements is to ensure that government does not continue to pay for huge capacity charges in some of the PPAs which would […]Read More