BUSINESS

The management of the Volta Aluminium Company (VALCO) has said its workers rejected a 22 percent increment in salaries, saying it was insufficient. The company felt this increment should have been welcomed by the agitating workers. In a statement, VALCO said, the union executives, made an initial demand of a 62 percent salary increment to the Management of VALCO, and ...

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has warned that should the prevailing conditions in the petroleum sector fester, there will be a shortage of petroleum products in the country ahead of the Christmas festivities. “If you look at the economic activities that occasion the last quarter of the year, we are not looking at ...

The Chief Executive Officer of Dalex Finance has begged President Akufo-Addo to urgently take the decisive measures required to address the current economic crisis the country is facing. According to Ken Thompson, there is a looming poverty characterised by business closures with job losses should the President fail to act. In an interview with Citi TV on Tuesday, November 1, ...

Founder of the All People’s Congress (APC) Dr Hassan Ayariga has asked the government to tackle the economic challenges facing the country. In his view, the economic situation in Ghana is becoming unbearable by the day. He further noted that prices of foodstuffs and services keep skyrocketing and salaries of workers are still the same. Lands For Sale Fuel prices ...

The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has called for urgent interventions by the Bank of Ghana (BoG) and the Ministry of Finance to stop the woes of the Cedi. The Cedi has been reported by Bloomberg to be the world’s worst-performing currency this year as investors continued to squeeze foreign capital to ...

The Coalition for Cocoa Sector Reforms (CCSR) GH has called on the government to impress upon the Ghana Cocoa Board (COCOBOD) to reconsider the 2022/23 producer price announced else, the impact of the ¢800 per bag of cocoa beans recently announced will be very damaging to the industry. The government through the Ministry of Agriculture recently increased the producer price ...

The next two years will be a difficult period for Ghanaians if the programme that Ghana is seeking under the International Monetary Fund(IMF) is finally approved due to the measures that are going to be announced, a Professor at the University of Ghana Business School, Godfred Bokpin, has said. Lands For Sale He stated categorically that the austerity that is ...

The government is benefiting from the fall of the Cedi against the Dollar, Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said. Lands For Sale The benefits, he explained, come in the form of  increased cedi-valued import taxes and oil proceeds. In series of tweets, Dr Kwakye said “Government is a major beneficiary of ...

Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said that the IEA is spearheading the passage of legislation to cap borrowing by government. In his view, this is the surest way to control reckless borrowing by governments and uncontrollable indebtedness. In a tweet, Dr Kwakye said ” The Institute calls on key stakeholders, including ...

Dean of the Business School at the University of Cape Coast, Professor John Gatsi has called for the establishment of a long term national development plan for the country. In his view, the country lacks such a plan hence the development challenges. Speaking on the New Day show on TV3, Prof Gatsi indicated that the current challenges facing the country ...