BUSINESS

First Deoputy Governor of the Bank of Ghana Dr Maxwell Opoku-Afari has noted that the critical role of Small and Medium Scale Enterprises (SMEs) in the Ghanaian economy is incontrovertible and the need to support them to contribute meaningfully to the national development agenda has been unanimously established at this forum. With a stack of foundational infrastructure currently in place, ...

The Producer Price Inflation (PPI) rate for July 2021 was 8.4 per cent, the Ghana Statistical Service has said. This rate indicates that between July 2020 and July 2021 (year-on-year), the PPI increased by 8.4 per cent. This rate represents a 1.7 percentage point decrease in producer inflation relative to the rate recorded in June 2021 (10.1%). The month-on-month change ...

Puma Energy, a leading multinational oil marketing company in Ghana, has added another branch to its nationwide rollout. The new Pantang retail service station adds to over 80 retail sites nationwide. The Pantang retail service station was officially opened to the public on Tuesday August 16 with the ever-present Puma Energy top-tier customer service experience. The opening saw private and ...

The Auditor-General’s 2020 report on the 2020 Management and Utilisation of the District Assemblies Common Fund and other Statutory Funds has found that Jospong Group of Companies’ Sewerage Systems Ghana Limited (SSGL), has been paid a total of GHS95 million since 2016 without any legal backing. The company was paid GHS19 million in 2020 as part of the GHS95 million. ...

A committee set up by the Chief of Staff to investigate allegations of inflated contracts at the Ghana Airport Company discovered discrepancies between figures quoted by companies vying for the contracts and the amounts submitted to the Public Procurement Authority (PPA) for approval. According to findings of the report sighted by Starr News, while the Service Level Agreement (SLA) between ...

The Bank of Ghana is “one of the most secure central banks in Africa, as far as technology is concerned”, the CEO of Intercom Programming & Manufacturing Company Limited (IPMC), Mr Amardeep S Hari, has said. Speaking in separate interviews with Accra100.5FM’s Ghana Yensom and Class91.3FM’s Class Morning Show about plans by Ghana to introduce a BoG-backed digital currency, Mr ...

The University of Cape Coast (UCC) has GHS9, 123, 532.57 locked up with First Banc and Gold Coast Fund Management. The licences of the two companies were revoked by the Securities and Exchange Commission (SEC) in 2019. The locked-up amount was revealed in the Auditor-General’s report on the public accounts of Ghana, public boards, corporations and other statutory institutions for ...

The Social Security and National Insurance Trust (SSNIT) according to the Auditor-General’s report on the public accounts of Ghana, public boards, corporations and other statutory institutions for the period ended 31 December 2021 made a total loss of US$11,794,109 from the liquidations of three of its investments with a total cash outlay of US$14,768,153.00. The A-G has urged the management ...

Some members of the Association of Bankers Ghana and the family of late constable Emmanuel Osei, on Friday, 6 August 2021, called on the outgoing Director-General in charge of Welfare, Commissioner of Police Maame Yaa Tiwaa Addo-Danquah, to express their appreciation to the police administration for the support to the family of the late Constable Emmanuel Osei at the national ...

The Host of Peace FM’s ‘kokrokoo’ morning show programme, Kwami Sefa Kayi, has been appointed as a board member of the National Petroleum Authority(NPA). The Chairman General and “Ghana’s morning voice” was seen signing a document at the Ministry of Energy in Accra on Friday, August 6, 2021, at a swearing-in ceremony. The NPA Board is chaired by Mr. Joe Addo-Yobo. NPA Boss, Mustapha Abdul-Hamid ...