BUSINESS

Dean of the Business School at the University of Cape Coast, Professor John Gatsi, has said that the current rate of inflation is enough to ensure a downward trend in the prices of goods and services. The inflation rate for the month of October, 2023 dropped to 35.2 percent, the Government Statistician Professor Samuel Annim announced. The old rate was 38.1 percent as at September, 2023. The decrease ...

The Member of Parliament for Yapei-Kusawgu Constituency, Mr John Jinapor, has hinted at voting against the 2024 budget if it includes new taxes. The MP, a member of the Finance Committee of Parliament, mentioned that he would only vote in favour of such a budget if directed by his party’s leadership to do so. Expressing his concerns, he argued that ...

The Director of the Institute of Statistical, Social, and Economic Research (ISSER), says there is a significant 58% deviation from the E-levy revenue targets during a pre-budget conversation on Joy FM’s Super Morning Show. Prof Peter Quartey’s revelation follows ISSER’s recent report on the Ghanaian economy, released on October 31, 2023, which delved into the effectiveness of the E-levy, sparking ...

A Labour Expert Austin Gamey has said that salary increments should be linked to productivity to ensure that the country grows its Gross Domestic Product (GDP). He says salaries cannot be paid just for the sake of it. He was commenting on the 23 per cent salary increment that has been granted by the government to public sector workers. Justifying the increment, the Minister of Labour and Employment Ignatius Baffuor ...

Organised Labour has secured a 23% increment in the base pay for the Year 2024, after a two-day negotiation with the government. This is expected to take effect from January 1, 2024 to June 2024. The raise is however, to be readjusted upwards with an additional 2% from July 2024 to December 2024, bringing the total increase for the year ...

The Bulk Oil Storage and Transportation Limited Company (BOST) has responded to reports that it purchased 18 iPhone 13 Pro Max phones for some staff at a total cost of over GH¢28 million. In a statement addressing these reports, BOST confirmed that it did indeed buy the phones for its corporate executives in May of the previous year. The statement ...

The Abossey Okai Spare Parts Dealers Association has given government a two-week ultimatum to stop the Ghana Revenue Authority (GRA) from deploying its officers to shops in a tax-compliance and invigilation exercise. The Authority, as part of efforts to increase tax revenues, has scheduled to deploy its officers to the spare parts enclave from Monday, October 2 to inspect receipts ...

For the month of October, price of petroleum products on the local market will remain unchanged. Although there could be a 1 per cent increase at the pump however, Oil Marketing Companies (OMCs), due to competition, will not pass on the cost to consumers, according to projections by the Chamber of Petroleum Consumers (COPEC). LEARN AND TRADE FOREX WITH GOLIGFX ...

Pressure group AriseGhana has said it holds the view that the illegal printing of money by the Bank of Ghana in the year 2021 and 2022 to the tune of GHS77 billion to finance the “recklessness of the corrupt Akufo-Addo/Bawumia/NPP government, in flagrant disregard of section 30 of the BoG Act (as amended), is the height of irresponsibility and must ...

The President of the Ghanaian ccommunity in Niger, Abudu Seidu, has called on the leaders of the Economic Community of West African States (ECOWAS) to lift the sanctions against Niger. According to him, the sanctions are affecting trade across borders. He cited onion traders whose wares are getting rotten. According to Abudu Seidu, Niger is a major market for onion ...