BUSINESS NEWS

Petroleum consumers in Ghana are expected to pay more for fuel following the decision by the National Petroleum Authority (NPA) to suspend the Price Stabilization and Recovery Levy on petroleum products. In a directive dated April 3, 2024, and distributed to various stakeholders within the oil marketing and distribution sector, …

President Nana Addo Dankwa Akufo-Addo has accepted the resignation of Mr. Opoku-Ahweneeh Danquah as Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC). In a letter addressed to the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, the CEO expressed his respect for the office held by …

The findings below are based on GRIDCo’s analysis of Ghana’s power supply situation from March 27 to April 2, 2024 and explains why Ghana has dumsor or load management. GRIDCo has closely monitored Ghana’s power generation crisis since the beginning of March 2024, acknowledging the challenges in meeting the country’s …

Open Institute of Technology (OPIT), an esteemed EU-accredited online institution renowned for its expertise in IT education, proudly announces its plans to increase enrollment from African countries, including Nigeria, Kenya, and Ghana, for the academic year 2024. Since its inception in 2023, OPIT has been dedicated to providing world-class education …

Ghana is set to roll out chip-embedded passports within the next six months, according to Deputy Minister for Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong. In compliance with a directive from the International Civil Aviation Organization (ICAO) in Canada, the new passport system aims to enhance security and align with …

The President of the Republic, Akufo-Addo has received the KPMG audit report on the revenue mobilisation contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML). The report was delivered to him on Wednesday, March 27, as announced in a Facebook post by Eugene Arhin, the Director …

The Minority in Parliament has acknowledged recent shifts in the international cocoa market, particularly regarding price fluctuations. In a press statement signed by Ranking Member on the Parliamentary Select Committee on Food, Agriculture and Cocoa Affairs, Eric Opoku, the Minority highlighted that global cocoa prices have surged, reaching an unprecedented …

The former President and the flagbearer of the National Democratic Congress (NDC), Mr.  John Dramani Mahama has criticized Energy Minister, Matthew Opoku Prempeh, over his dismissive response to demands for a load-shedding timetable amidst the recent power outages in Ghana. Dr. Opoku Premepeh in an earlier interview, dismissed calls for …

The Minister  of Foreign Affairs and Regional Integration  Shirley Ayorkor Botchwey has clarified that government’s recent increase in passport fees is not aimed at imposing financial hardships on Ghanaians. According to her, the government spends GH¢400 on each passport, with the applicant paying GH₵100 and the state absorbing GH¢300, emphasising …

The Ranking Member on the Foreign Affairs Committee of Parliament and MP for the North Tongu Constituency, Samuel Okudzeto Ablakwa, has voiced his dissatisfaction with the Foreign Affairs and Regional Integration Ministry’s decision to increase passport application fees. The Ministry of Foreign Affairs and Regional Integration earlier announced upward adjustments …