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Business

Fuel prices to go up again – IES

Think tank group, the Institute for Energy Security, forecasts fuel costs will rise three percent in June’s first pricing window. Reports of the predicted surge come after fuel prices rose three percent in May’s second pricing window. Research analyst Mikdad Mohammed says that if gas prices rise as predicted, it will be predominantly due to […]Read More
Business

GCB Bank’s profit drops by 29% in 2017

The bank’s profit declined from 299 million cedis to an estimated 213 million cedis between 2016 and 2017. Meanwhile for the first three months of this year, GCB Bank’s financial report shows another drop in profits. The financial statement released by GCB Bank shows that even though revenue went up by 50.6 million cedis, the […]Read More
Business

No transportation fare hikes – GPRTU

The Ghana Private Roads and Transport Union (GPRTU) has not increased transport fares, Robert Sarbah, National Vice-President of the GPRTU has said. His comment comes on the heels of an announcement by the Members of the Concerned Drivers Association and True Drivers Union of a 10 percent increase fares effective, Monday, 28 May 2018. According […]Read More
Business

Transport fares to go up 10% from today

Members of the Concerned Drivers Association and True Drivers Union have announced an increase of transport fares by 10 percent. The move to increase fares takes effect today, Monday, 28 May 2018 per a statement jointly signed by David Agboado and Yaw Barimah PROs for Concerned Drivers Association and True Drivers Union respectively. According to […]Read More
Business

MTN to list on Stock Market Tuesday

Ghanaians can from tomorrow, Tuesday, May 29, own shares of telecom giant MTN. This is because the telecom leader is ceding off 35 percent of its stake, through an Initial Public Offer, on the Ghana Stock Exchange. The move is part of the requirement by the National Communication Authority for acquiring a 4G spectrum. The […]Read More
Business

Government poised to fix economy – Kwaku Kwarteng

A Deputy Minister of Finance, Mr Kwaku Kwarteng, has reiterated the government’s commitment to build a stable economy with strong macro-economic fundamentals that offer long-term stability and protect the value of financial assets in the country. He named some measures being taken to achieve that objective as deficit reduction, creation of fiscal space and gradual […]Read More
Business

We don’t take deposits – Menzgold replies BoG

The Chief Executive Officer of Gold buying firm, Menzgold, Nana Appiah Mensah has described as “needless” threats by the Bank of Ghana (BoG) to penalize it for taking deposits. The governor of the Central Bank, Dr. Ernest Addison disclosed Monday at a press conference that Menzgold will soon be sanctioned after preliminary investigations showed it […]Read More
Business

Gov’t petitioned to save dwindling wood industry

Stakeholders in the wood and timber industry have petitioned government to step in and salvage the sharp decline in the timber and wood industry. The stakeholders lamented about the continual dwindling of this natural resources without commensurate reforestation aside the lack of the requisite skills in terms of artisans and industries to meet both local […]Read More