BUSINESS NEWS

Manasseh Azure Awuni, an investigative journalist, has expressed concerns regarding a contract that the Communications Ministry awarded to Next Gen Infraco Ltd. for the rollout of Ghana’s 5G infrastructure. Mr. Azure noted that the firm was incorporated less than a week before President Akufo-Addo granted executive authorization for the deal. …

The Ministry of Fisheries and Aquaculture Development has announced an increase in its consultations with stakeholders in preparation for the 2024 closed fishing season. Mavis Hawa Koomson, the sector minister, has stated that extensive education about the upcoming exercise has been provided to most fishermen. The ministry has scheduled the …

Ghana’s 2024 economic situation as just like every other year where prices of goods and services go higher and higher and this is a common global economic transitional phenomenon and that every country goes through such an experience. During this said yearly economic transition, prices of everything do rise,currencies experience …

The General Secretary of the Trades Union Congress (TUC), Dr Anthony Yaw Baah has lauded the flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia’s campaign message, ‘It is possible,’ as a positive and significant message for the nation. In a meeting with Dr Bawumia on Wednesday, the TUC General …

The Ashanti regional minister, Simon Osei-Mensah, has disclosed that the government is set to terminate some road contracts in the Ashanti region due to delays. The government has also given assurances of its strong commitment to completing major roads linking farming communities in the Ashanti region to its regional capital, …

Pure Water Producers (PWP) in Akyem Oda and its environs say it has jacked up the price of sachet water from GH₵ 6 to GH₵ 7 per bag effective Monday, May 27, 2024. This is stated in a statement made by Mr. Emmanuel Kwadwo Yeboah Mireku, the association’s branch chairman. …

The Bank of Ghana (BoG) has said that it remains fully committed to providing stability in the exchange rate for the cedi. The Governor of the Bank of Ghana, Dr Ernest Kwamina Addison, stated that enough foreign exchange reserves to support the market and economic agents should stop engaging in …

A nationwide coalition of traders’ associations has issued an urgent plea to the government, calling for swift action to stabilize the exchange rate and seeking a reduction of the rate of US$1 from GH¢15.50 to GH¢ 10.00. This adjustment is considered crucial for the sustainability and growth of small and …

The national chairman of the governing New Patriotic Party, Stephen Ayesu Ntim has been appointed as the board chairman of the National Petroleum Authority (NPA). He succeeds Joe Addo-Yobo, who held the position of board chairman since 2017. The previous chairman, Joe Addo-Yobo, stepped down due to health reasons and …

The Chamber of Petroleum Consumers (COPEC) is predicting an imminent fuel shortage should the grievances of the striking Ghana National Petroleum Tanker Drivers Union remain unresolved. COPEC emphasises that urgent resolution of the drivers’ concerns is imperative to avert potentially severe repercussions. The Ghana National Petroleum Tanker Drivers Union commenced …