BUSINESS NEWS

Workers of the state-owned National Investment Bank (NIB) Limited, have in an open letter appealed to the government not to liquidate the bank, saying “the current board, management team and the entire staff can turn around the bank and bring it back to previous glorious days”. They want the “Government …

The leadership of the Abossey Okai Spare Part Dealers Association has issued a two-week ultimatum to the government to reconsider its approach towards the VAT compliance policy by the Ghana Revenue Authority (GRA). The association’s ultimatum comes after the GRA released a statement on its compliance and invigilation exercise. In …

The Head of Cooperation at the European Union Delegation of Ghana, Massimo Mina, has noted that with the right tools and support, the youth can be cushioned to bring new perspectives to address old challenges. According to him, challenges such as climate change, unsustainable exploitation of natural resources, and conflict …

Ghana could be hit with fuel shortages soon following a threat by the Tanker Owners Union to halt the transportation of fuel across the country over claims some foreign nationals have taken over their business. Under the local content law and the deregulation of the petroleum sector, the haulage of …

The Minority caucus in Parliament has hit back at Finance Minister Ken Ofori-Atta for accusing the previous National Democratic Congress (NDC) administration of leaving behind a derailed International Monetary Fund (IMF) programme. In an article, Ofori-Atta said the New Patriotic Party (NPP) government in 2017 inherited a ‘derailed IMF programme …

The Ministry of Fisheries and Aquaculture Development (MOFAD) has placed a three-year moratorium on the entry of new canoe in Ghana’s marine sector. Statistics from MOFAD shows Ghana’s canoe fleet has increased from 8,000 in 1990 to over 12,000 in 2023. The moratorium is to help the government regulate the …

The government has opened fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a new package under the domestic debt exchange programme. A September 13, press release from the Ministry of Finance urged holders of the domestic notes and bonds to actively and voluntarily …

Five thousand (5,000) young people have undergone a skill work training program organized by the Member of Parliament (MP) for the Akyem Swedru constituency in the Eastern region, Hon. Kennedy Nyarko Osei. The initiative aimed to empower the youngsters with self-sufficiency so they could transform their lives and have an …

Ghana’s year-on-year inflation dropped to 40.1% in August after ramping up for four consecutive months. Inflation in Ghana is on an irregular trajectory – four months of continuous decline followed by three months of protracted rise. After peaking in December 2022 accompanied by a relatively stable rate in January and …

  It was an unexpected turn of events at the Nana Agyemang Prempeh Park in Tepa last Saturday when hundreds of enthusiastic cocoa farmers interrupted the President of Ghana, His Excelleny Nana Addo Dankwa Akufo Addo during his address at the official opening of the 2023/24 cocoa season.     …