BUSINESS

The Ghana Private Road Transport Union (GPRTU), has directed that with immediate effect, the peddling of drugs in any form, must not be allowed on the vehicles of its members. In a letter to its branches in Accra, the Union said any member who would flout the directive would be severely sanctioned. The statement, signed by George Ofori-Davis, the Deputy ...

The German Minister for Economic Affairs and Energy, Brigitte Zypries, has called for a re-look at some aspects of Ghana’s investment laws as the country gears up for economic and industrial transformation. Delivering one of two keynote addresses at the Konrad-Adenauer-Stiftung Foundation’s German-Ghana Business Forum in Berlin Germany, the Minister called on President Akufo Addo and his government to take ...

The Institute for Energy Security (IES) has predicted one percent to three percent decrease in the prices of fuel at the pumps within the first pricing window for the month of March, 2018. IES said the forecast is on the basis of “the stability of the local currency, the over 6% reduction in the price of Gasoline, the 4.63% drop ...

The absence of Finance Minister Ken Ofor- Atta and his deputies in Parliament Wednesday morning forced House to suspend sitting for an hour. The minister and his three deputies were expected to be in the House to help members of parliament consider the taxation (use of fiscal electronic device) bill 2017, which is currently at the consideration stage. Per parliamentary ...

The controversy surrounding the Komenda Sugar Factory seems not to be ending soon as central regional minister Kwamena Duncan casts fresh doubts on the readiness of the factory to resume full operations. Kwamena Duncan explains that the necessary resources needed to support production at the factory have not yet been met. The comment means that Ghanaians will have to wait ...

Tullow Ghana has rolled out a programme to empower Human Resource Practitioners in the country by providing them with mentors. The yearlong programme dubbed “Tullow HR Mentoring” will see 25 practitioners selected from across the country benefit from the experience of the most accomplished in the sector who will serve as mentors. The programme is a collaboration between Tullow Ghana ...

Chief Operations Officer of Rana motors, an automobile marketing company Kassem Odaymat is urging the Bank of Ghana to further cut down interest rates to enhance the affordability of new vehicles by the public. The automobile sector continues to be a major driver of economic growth serving as a significant foreign exchange earner. Unfortunately, many people are not in the ...

The Youth Employment Agency (YEA) has disclosed it created 19,900 jobs in 2017 through strategic partnership agreements with some public institutions. Addressing the media in Accra on Wednesday, February 21, 2018, the CEO of YEA Justin Koduah Frimpong said the Agency is hoping to create 50,000 jobs for the youth. Giving a breakdown of the jobs created, he said 15,000 ...

BITCOIN price has begun to recover from a huge plunge driven by investors’ fears of a trading crackdown but the cryptocurrency world could be rocked by another crisis, according to financier Bill Browder. Express. Bitcoin, Ripple and ethereum prices crashed down after the South Korean Government announced it would impose stricter regulation on cryptocurrency trading. But while bitcoin value appears ...

The National Petroleum Authority (NPA) has instructed Oil Marketing Companies (OMCs) to with immediate effect implement the revised Special Petroleum Tax which has been reduced by two per cent. The NPA wants the reduced taxes to reflect in the price at the pumps effective 17 February 2018 [Friday]. The order was contained in a press release signed by the NPA’s ...