BUSINESS

The Trades Union Congress (TUC) has raised concerns about government’s failure to engage labour unions before launching its Domestic Debt Exchange programme. TUC says it was gravely concerned about the government’s programme because of its potential negative impact on worker’s pensions. The TUC’s reaction followed the government’s move to rely on a softer payment plan with institutions and individuals who ...

Former Deputy Managing Director of the National Investment Bank (NIB), Alfred Thompson has said that main opposition are unable to give alternative ideas after rejecting the Debt Exchange programme announced by the Finance Minister Ken Ofori-Atta. He questioned what the ideas of the National Democratic Congress (NDC) are in managing the economy. Speaking on the Big Issue with Berla Mundi ...

An Economist and Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said excessive borrowing from the Bank of Ghana (BoG) by government is undermining the local currency, the Cedi. He stated in a tweet that the way to stabilise the Cedi against the major trading currencies is to “stop undermining the currency through excessive ...

A brief and marginal relief may soon be on the way as the Chamber of Petroleum Consumers (COPEC) in its latest checks ahead of the second oil pricing window in November is stating that petrol and diesel are projected to see a price decline while the price of Liquefied Petroleum Gas (LPG) is expected to be adjusted upwards. Ahead of ...

The lack of confidence in Ghana’s market is one of the issues affecting the performance of the Cedi against the Dollar, Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said. He has proposed to the government to take very drastic confidence-building measures to stop the fall, including severe cuts in spending, cuts in staff ...

The Member of Parliament for Adansi-Asokwa, K Hammond, has accused the Bulk Oil Distributors and Oil Marketing Companies of contributing to the rampant hikes in fuel prices. Mr Hammond, who is also a member of the Mines and Energy Committee of Parliament, said inasmuch as prices of petroleum products may be high on the international market, firms within the value ...

Programmes Director of the Peasant Farmers Association of Ghana, Dr Charles Nyaaba has expressed doubt that food prices will go down in December. This is due to the challenges farmers are going through including high cost of doing business, he said. Dr Nyaaba told TV3’s Roland Walker on the Big Issue, Friday November 4 that “depending on the commodities, food ...

A former Director General of the National Development Planning Commission (NDPC) Dr Nii Moi Thompson has called for the amendment of the Bank of Ghana Act in order to make economic growth and job creation the main objectives of the monetary policy. In his view, the current approach to monetary policy is anti-growth and anti-jobs therefore, the Act must be ...

The Institute for Energy Security (IES) has admonished the government to revive the Tema Oil Refinery (TOR) to help curb increasing fuel prices. The IES in a statement described the government’s decision to import fuel to address cost-related issues as “reactionary, morally indefensible” and a misplaced priority that will not address the rampant fuel price increases in the long term. ...

The Government of Ghana has been told to tell Ghanaians how much has been accrued from higher-than-budgeted oil prices. The government has also been asked to explain why it is not using part of it to subsidise pump prices that threaten the economy and livelihoods. Tus comes at a time the Minority in Parliament has sked the government to cushion ...