BUSINESS

EXECUTIVE CHAIRMAN of the McDan Group of Companies, Dr. Daniel McKorley, says he is on a mission to provide a strong shoulder for the youth and the next generation of achievers to lean on, in their quest to make a mark. He said “…I don’t believe in growing in isolation; it is not the best and that is why a ...

ALAN KYEREMATEN, Minister for Trade and Industry has assured the youth that the government is responding to their employment needs. He gave the assurance recently in Accra during a reception held in honour of Sir Tony Blair, Chairman of the Tony Blair Institute and former Prime Minister of Great Britain. At the meeting, Mr Kyerematen made known the various programmes ...

Electrochem Ghana Limited has scaled up the construction of community pans for salt winning by artisanal miners in communities bordering the company’s concession in the Ada West District of the Greater Accra Region. Ten of the community pans that have already been built for Nakomkope within the Agbakpe community are being filled with mature brine (saltwater) which will crystalize into ...

Vice President, Dr Mahamudu Bawumia, has launched a new digitalization measure to end the era of cash for travel in the public sector, with the aim of bringing further transparency and accountability in the use of public funds. Known as the e-Travel Card Project, the Card is designed to facilitate the cashless disbursement of travel allowance and other payments for ...

Moody’s Investors Service (Moody’s) has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. Moody’s said on Friday, 4 February 2022: “The downgrade to Caa1 reflects the increasingly difficult task the government faces addressing its intertwined liquidity and debt challenges”. “Weak revenue generation constrains government’s budget flexibility, and ...

The National Petroleum Authority (NPA) has re-introduced the Price Stabilisation and Recovery Levy effective today, Tuesday, 1 February 2021. The levy is key in fuel pricing. This means consumers should expect to pay more at the pumps. The NPA, upon request from President Nana Addo Dankwa Akufo-Addo, suspended the levy in October 2021, as part of efforts to cushion consumers ...

Finance Minister Ken Ofori-Atta must convince President Nana Akufo-Addo for Ghana to go back to the International Monetary Fund (IMF) for help to fix the economy, a former New Patriotic Party Member of Parliament for New Juaben South Dr Mark Assibey Yeboah has suggested. In the view of the former Chair of the Finance Committee of Parliament, the e-levy, even ...

Information Minister Kojo Oppong Nkrumah has revealed that some changes have been made to the e-levy proposal following consultations that were held. This, according to him, is evident that there had been engagement and listening of the concerns raised. Speaking on the mid day news on TV3 Tuesday December 21, the Ofoase Ayirebi lawmaker said “The first thing we need ...

The Ghana Private Road Transport Union (GPRTU) has described as insignificant the GHp15 reduction in fuel prices in the country. The Union vowed it will continue its pressure on the government to remove some nuisance levies on petroleum products because that have accounted for the high fuel prices in the country. Currently, some pumps are selling fuel GH¢6.60 to GH¢6.80, ...

Leadership of the Mobile Money Agents Association of Ghana (MMAAG) has announced its intention to embark on an industrial action on Thursday, December 23. “All agents will go on strike hence all outlets will remain closed.” This was contained in a statement on Sunday, December 19 and it is in relation to the yet-to-be introduced Electronic Transfer Levy, also known ...