BUSINESS

According to new figures released by the Bank of Ghana(BOG), Ghana’s debt stock as at September 2017 hit 138.9 billion cedis. The figure was contained in the summary of the economic and financial data released after members of Monetary Policy Committee (MPC)of the bank met. The Governor of the Bank of Ghana, Dr Ernest Addison who chairs the committee is ...

Government has served notice that it is planning on taxing “commercial activities” of churches in the country. This was made known Thursday, November 23, 2017, by Godfred Yeboah Dame, a deputy Attorney-General arguing that the move was necessary because such activities fall out of the legal remit of the churches’ operation across the country. There has been a long-standing debate ...

The Minority in Parliament has asserted that the 2018 budget violates basic financial laws in the country and must, therefore, be rejected by Parliament. Finance Minister, Ken Ofori Atta, last Wednesday presented what government described as the “Adwuma” budget to Parliament. The Minority described the budget as 419, claiming it will unleash hardships on Ghanaians akin to the 1983 famine ...

HAWTHORNE, Calif. (Reuters) – Tesla Inc (TSLA.O) upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. The showmanship wowed the crowd although some analysts’ heads started throbbing at ...

Dr Charles Wereko-Brobby, has described the government’s decision to announce electricity tariff as needless. The former CEO of the Volta River Authority, VRA is of the view that, the disclosure made by the Finance Minister that there will be an average reduction of up to 13 percent in electricity tariffs for residential and industrial consumers clearly undermines the work of ...

Minister for Energy, Boakye Agyarko is amazed by the position of some supposed energy experts following government’s announcement of tariff reduction. According to him, the claims that government is trying to usurp the mandate of the Public Utilities Regulatory Commission (PURC) only exposes their ignorant. Mr. Agyarko’s comment is an apparent rebuttal to some energy experts including Dr. Charles Wereko-Brobbey ...

Guinness Ghana Breweries Limited (GGBL), Ghana’s leading total beverage business has been recognised by the Association of Ghana Industries (AGI) as the business with the Best Practices in Sustainable Manufacturing at the 6th Ghana Industry Awards. GGBL, a subsidiary of Diageo PLC has over the years invested in a number of sustainable initiatives to continuously improve its manufacturing processes. Some ...

Asamoah Gyan has launched his own energy drink known as RUN as the Black Stars skipper continues to expand his business empire in the country. The announcement comes just a month after Gyan acquired a license to operate an airline. He also launched his own brand of sachet water ‘Paradise Pac” a few weeks ago. The former Sunderland striker took ...

Staff of merged telecom companies Tigo and Airtel have been asked to reapply for their jobs a day after the firms morphed into AirtelTigo, Starr News has learnt. Workers who will not be retained after the screening process will receive a cumulative of their three months’ salary multiplied by the number of years they have worked with the firm. The ...

The government has been urged to be open and transparent with its decision to track projects funded with petroleum revenues across the country. Dr Steve Manteaw, Member of the country’s Public Interest and Accountability Committee (PIAC) said in an interview with Joy News after a GIZ-funded workshop organised by the Institute of Financial and Economic Journalists (IFEJ) and PIAC. According ...