BUSINESS

The Producer Price Inflation rate for April 2022 was 31.2 per cent the Ghana Statistical Service (GSS) has said. This rate indicates that between April 2021 and April 2022 (year-on-year), the PPI increased by 31.2 per cent. This rate represents a 1.9 percentage point increase in producer inflation relative to the rate recorded in March 2022 (29.3%). The month-on-month change ...

A cocoa farmer, Samuel Torbi, the second defence witness for Dr Stephen Opuni, a former CEO of the Ghana Cocoa Board (Cocobod), who is standing trial along with businessman Seidu Agongo for causing financial loss of GHS217 million to the state, has told the High Court trying the case that it is not true that farmer drank lithovit fertiliser in ...

The Ghana Road Transport Coordinating Council (GRTCC) has urged the general public, commuters and drivers in particular to disregard the purported transport fare increase of 20%. According to GRTCC, transport fares are determined by stakeholders and not any single body as seen in the case of recent increments. “We wish to state that, transport fares has always been negotiated for ...

The Electricity Company of Ghana is proposing that the Public Utilities and Regulatory Commission allow the power distributor to charge 148% more as a tariff for 2022 It also wants 7.6% average adjustments between the periods of 2023 to 2026. The ECG said in a 55-page document that the gap between the actual cost recovery tariff and the PURC-approved tariffs ...

The Ghana Private Road and Transport Union (GPRTU) has served notice it no longer consults the government nor the Ghana Road Transport Coordinating Council (GRTCC) in the adjustment of transport fares across the country. According to GPRTU, they have not been obliged by any law to consult the government for the adjustment of fares. The group explained that they adopted ...

The Ghana Revenue Authority (GRA) has disclosed that it has made over GHS1million in a day after commencing the implementation of Electronic Transfer Levy also called E-levy. According to GRA, the said amount of money was received by one of the charging entities which owns more than 70 percent of the population. The E-levy was started Sunday May 1, 202w ...

The Ghana Chamber of Telecommunications has warned the public against persons styling themselves as staff of the Ghana Revenue Authority (GRA) to defraud on account of the Electronic Transfer Levy (E-Levy). “There is no reversal that starts with the entity calling you. The entities are the ones supposed to do the refunds. “Anytime someone calls you trying to engage you ...

The Board of Directors of the Bank of Ghana (BoG) has announced the appointment of Professor Festus Ebo Turkson as an external member of the central bank’s Monetary Policy Committee (MPC) pursuant to section 27(3)(E) of the Bank of Ghana 2002 (Act 612), as amended by the Bank of Ghana (Amendment) Act, 2016 (Act 918). Professor Turkson is a Development ...

The National Organiser of the main opposition National Democratic Congress (NDC), Mr Joshua Akamba, has lamented the economic hardship in the country, saying GHS100 could buy eight gallons of fuel under President John Dramani Mahama but can now only buy two gallons under President Akufo-Addo. Lands For Sale In Acres at Aburi Amanfrom, Watch the video Below; Speaking on Accra100.5FM’s ...

A renowned economist, Kwame Pianim is calling for the outright sale of some State Owned Enterprises (SOEs) to the private sector as part of the measures to mobilise revenue for the government. According to him, many of the SOEs which have become less vibrant to the state needs to be sold to maximize profit in the wake of the economic ...