BUSINESS NEWS

The Ghana Private Road Transport Union (GPRTU) has clarified that it has not taken any decisions regarding a potential increase in transport fares. This announcement is to quell recent rumours and speculation suggesting that the union would be increasing transport fares. According to the union, despite the recent surge in …

Speaker of Parliament Alban Sumana Kingsford Bagbin has advised Minister of Trade and Industry K.T. Hammond to withdraw the Legislative Instrument (L.I) on cement price regulation. This advice follows constitutional arguments raised by former Minority Leader Haruna Iddrisu. The L.I was laid before the House on July 2 and is …

President Akufo-Addo has appointed Hebert Krapa as Minister of State at the Energy Ministry. According to the president, this appointment has become necessary due to the increasing workload at the Energy Ministry. Hebert Krapa currently is a Deputy Energy Minister and a Board Chairman of the Electricity Company of Ghana. …

In the contemporary economic milieu of Ghana, the exorbitant import duties and Value Added Tax (VAT) imposed on cars and goods are placing an intolerable financial strain on its citizens. Joseph Adjei Archibald, a politician and entrepreneur within the ruling New Patriotic Party (NPP), has sounded the alarm on these …

The Civil and Local Government Staff Association of Ghana (CLOGSAG) has declared a nationwide strike effective Wednesday, July 3, 2024. The association bemoans that the government has failed to implement the proposed new salary structure approved by the Fair Wages and Salaries Commission after one and a half years since …

The Governor of the Bank of Ghana, Dr. Ernest Addison, has urged the government to take action against shareholders of banks and financial institutions implicated in the financial sector clean up. According to Dr Addison, there is a need for accountability, hence, these individuals should be held responsible for their …

The Chamber for Petroleum Consumers (COPEC) has predicted a rise in fuel prices for the first pricing window of July 2024. This increase is expected to affect the retail prices of petrol, diesel, and liquefied petroleum gas (LPG) at pumps across the country. COPEC attributes the anticipated price hike to …

The Ga Mantse, King Tackie Teiko Tsuru II, has launched the Homowo Clean-up exercise and says all shops must remain closed on the day of the exercise. “We expect all shops and businesses in the designated area to close on the day of the exercise. We also urge leaders of …

The police in Sefwi Adjofua in the Bia West District of the Western North Region have intercepted an articulator truck with the registration number AS 3984-12 fully loaded with cocoa at Sehwi Adjofua which was allegedly being smuggled to Ivory Coast. The police in Sehwi Adjofua have intercepted 800 bags …

The police have barred the members of the ‘Hands Off Our Hotels Demonstration’ from marching to the Jubilee House. The protesters converged at the Labadi Beach Hotel and were supposed to conclude at the Christ the King School, where leadership would go and submit a petition at the Jubilee House …