BUSINESS

The Social Security and National Insurance Trust (SSNIT) has called for a review of the contribution rate of workers to enable it to sustain the pension scheme and to pay workers higher pensions. Currently, the contribution rate is 11 per cent of basic salary but SSNIT wants it reviewed to 19.2 per cent. At the Volta Regional forum in Ho ...

The outgoing Country Director of World Bank, Henry Kerali, says the risk of government overspending in next year’s election is real despite a number of initiatives put together after the country exited the IMF programme this year. Mr. Kerali speaking at the launch of the World Bank’s fourth Ghana Economic Update said Ghana’s true progress achieved under its recent IMF ...

Herbalife Nutrition Ghana has expressed its commitment to forging closer ties with the good people of Ghana through regular engagement with the Ghanaian media with the objective of promoting the well-being of Ghanaians. The Country Director, Mr. Clarence Amenyah made this known during a series of meetings with a number of media houses in Accra The Herbalife leadership visited the ...

The ARB APEX Bank has cautioned against the spread of malicious information on social media about Rural and Community Banks. According to Deputy Managing Director of ARB Apex Bank, Alex Kwasi Awuah such false information are injurious to the banking sector as it stirs up fear in customers to engage in panic withdrawals or stop savings which could have dire ...

The outgoing World Bank Country Director Henry Kerali has lauded the Bank of Ghana over the recent microfinance sector cleanup which saw the revocation of license of some 347 microfinance companies. Speaking to Starr Business, he said the regulator must be commended for the feat, but government also needed to step up efforts to improve the business climate in the ...

The National Petroleum Authority is cautioning against attempts to politicize the soon to be implemented Cylinder Recirculation Model. Under the model the NPA will convert high risk LPG refill outlets into exchange and distribution centers to make the marketing of LPG safer. It is also expected to double access to LPG to 50 percent by 2030. Addressing a stakeholder forum ...

Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market under the 2020/2021 crop season until further notice. The suspension was announced in Accra Tuesday by the two countries to about 300 stakeholders in the cocoa value chain, comprising traders, processors and chocolate manufacturers, reports Graphic Online’s Maxwell Adombilla Akalaare. It is part of efforts ...

The Mahama administration left behind a public sector debt of GHS120 billion, not GHS122 billion as claimed by some communicators of the governing New Patriotic Party (NPP), a former deputy minister Mr Casiel Ato Forson, has said. The MP for Ajumako-Enyan-Essiam told journalists at a press conference on Tuesday, 11 June 2019 that the government is using the 2017 exchange ...

Ghana has leapfrogged South Africa to become the continent’s top gold producer, according to research by Bloomberg news agency. South Africa has for decades been the continent’s preeminent gold miner but high production costs and troubled labour relations have hobbled the industry there, Bloomberg says. On the other hand, in addition to new investment, Ghana has lower costs. Citing figures ...

Participants at the just ended Chinese Business Forum organised by Access Bank Ghana, have commended the Bank for its pacesetting efforts in facilitating trade and investment support between Ghana and China. Speaking to the media after the event, participants representing various businesses with Chinese interest, said the forum presented the right avenue for conversations that will spur on the growth ...