BUSINESS

The Institute for Energy Security (IES) has stated that fuel prices are expected to go down this month. This is attributed to crude oil price falling by over 5 per cent and gasoline and gasoil prices dropping by approximately 8 per cent, fuel stocks capable of meeting over four weeks of national demand, and the Ghana cedi remaining fairly stable ...

Chief Executive of Vodafone Ghana, Yolanda Cuba, on Wednesday, demonstrated great leadership and commitment when she took to the company’s Twitter handle to respond to queries and questions from its numerous followers. It was a rare opportunity for customers to have an up-close-and-personal interaction with the CEO and the queries came trickling in thick and fast. In a 2-hour session ...

Ghana’s premier brewery, Accra Brewery Limited (ABL), has launched a new brand campaign for its non-alcoholic malt beverage, Beta Malt, dubbed “The Only Way is UP” whilst outdooring its new look label across multiple channels. The purpose of “The Only Way is UP” campaign is to celebrate the mass of assertive and enterprising Ghanaians, at the heart of Africa’s growth, ...

The Finance Minister, Ken Ofori-Atta, has disclosed that the country’s debt, as a percentage of GDP, has declined from the 73 percent recorded last year to about 62.7 percent as at end of last month. The 2017 budget forecasts that total debt to GDP will close the year at 70.9, which makes the latest figure, less than half way into ...

Vice President, Dr. Mahamudu Bawumia, has indicated that the national digital address system will be outdoored in July 2017. Speaking at the National Policy Summit in Accra Monday, May 15, 2017 Dr. Bawumia added that the digital address system is a key element of a modernized and a formal economy. “We want a unique digital address system for the country ...

The Vice President Dr. Mahamudu Bawumia has stated that maintaining fiscal discipline is critical to ensuring sustained economic growth. According to the governing New Patriotic Party (NPP), it has inherited a chaotic economy fraught with huge domestic and external debt. Delivering the key note address at the maiden National Policy Summit Monday, Dr. Bawumia said topmost of the government’s priority ...

The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most savings and loans and microfinance institutions are working very hard around the clock to meet the Central Bank’s requirements for gaining licences to become commercial banks. There are currently 35 fully licensed and operational commercial banks in Ghana that are ...

The Ministry of Finance has rendered an apology to civil servants whose names were deleted from government payroll following measures by government to sanitise the system by deleting ghost names. The Ministry ordered the removal of 26,589 names of public workers from government payroll. Those affected had not been registered on the new SSNIT biometric system, despite several directives to ...

Springs Dealers Association at Suame Magazine in the Ashanti Region has disclosed that Suame Magazine is gradually collapsing due to high import duties on spare parts. In an interview with Abusua Dawuro’s Nana Ama Annor, the Chairman of the Association Mr. Patrick Oppong stated that the spare parts business in the country is no longer lucrative. He added that high ...

The maiden edition of the National Policy Summit (NPS) begins today at the Accra International Conference Centre (AICC). The two-day event, created by the Ministry of Information with support from the Business and Financial Times (B&FT), is to afford selected ministries the opportunity of engaging stakeholders on specific policies and how they will be implemented. The platform is also designed ...