BUSINESS NEWS

Glovo will at 10:00 pm this evening shut down its operations in Ghana. This is after it made a stunning announcement of its decision to withdraw from the Ghanaian market to stakeholders. High operational costs and revenue shortfalls have been cited as some of the reasons why the company decided …

The Vice President and flagbearer of the New Patriotic Party (NPP) Dr Mahamudu Bawumia has disclosed that officials of the Electricity Company of Ghana (ECG) sabotaged the government’s efforts to digitalise revenue collection. The Akufo-Addo government has been pursuing the digitalisation agenda with the Vice President leading the charge. During …

The Ghana cedi’s troubles are far from over, as it continues to lose value in relation to the US dollar and other major international currencies. Its year-to-date depreciation stood at15.16% to one American greenback, making it one of the worst-performing currencies in Africa in 2024. Most forex bureaus, according to …

The Bank of Ghana (BoG) has denied reports of introducing a one percent cybersecurity levy on all banking transactions. These allegations surfaced on social media following reports that the Central Bank was planning to impose a one percent cybersecurity levy on all banking transactions due to increasing cybersecurity threats both …

Some trader associations in Kumasi have vowed to campaign against the New Patriotic Party (NPP) in the upcoming 2024 general election “if the government fails to complete all the abandoned markets in the Ashanti Region.” The associations, including the Second-hand Cloth Sellers Association, Santasi Traders Union, Suame Magazine Workers Union, …

In a startling revelation concerning the ongoing Ghana Airport Cocaine Smuggling Scandal, intercepted letters of interdiction have surfaced, indicating that the key suspects are set to receive two-thirds of their salaries while on interdiction. Expressing his vehement disapproval, Member of Parliament for North Tongu, Okudzeto Ablakwa, has condemned this decision, …

The Tema port truck drivers have announced their intention to go on a sit-down strike on Monday, May 6, 2024. The drivers are protesting against a series of issues including attacks by armed robbers, harassment by uniformed personnel, and unlawful detention. They are calling for immediate action to address these …

The Energy Minister, Dr. Matthew Opoku Prempeh, has come under fire from Wa Central Member of Parliament Rashid Pelpuo for persistently disputing the recent blackouts. Pelpuo contended that the current administration benefited from former President Mahama’s actions to resolve historical power issues. This criticism follows Dr. Opoku Prempeh’s claim that …

Minister of Energy, Dr Matthew Opoku Prempeh, has once again criticised former President John Mahama for the erratic power outages that occurred during his administration. He jokingly referred to the phenomenon at the time as ‘dum dum’, a play on the local term for power outages, known as ‘dumsor’. This …

The Electricity Company of Ghana (ECG) has attributed the power outages being experienced in parts of Accra to the flooding of seven substations after the rains on Wednesday, May 1, 2024.       ECG in a press release on Thursday, May 2, indicated that the substations which included Burma …