BUSINESS NEWS

The Electricity Company of Ghana (ECG) has announced that it will carry out emergency maintenance on the Nuri Kamstrup Prepayment Server. This is scheduled to begin on Friday, 12th July at 11:00 pm and will continue until Sunday, 14th July at 11:00 pm. The ECG in a short statement advises …

The Ghana Plastic Manufacturers’ Association (GPMA) has called off its planned demonstration and production shutdown in response to the government’s proposal to impose a 5% excise tax on locally manufactured plastics. In a press statement issued on Monday, July 8, the plastic manufacturers said they have suspended the protest action …

The gari market in Koforidua is grappling with a severe cassava shortage, causing prices to soar sharply. This development has sent shockwaves through the industry, leaving gari traders struggling to stay afloat. According to a market survey by the Ghana News Agency in the second quarter of 2024, the scarcity …

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 …