BUSINESS NEWS

The Mobile Money Advocacy Group Ghana (MOMAG) and Momo Agents have expressed disappointment with the Ghana Revenue Authority (GRA) over the imposition of the E-levy on agent SIM cards, which they say is resulting in double taxation for their businesses. MOMAG, in a statement on Wednesday, March 20, 2024, noted …

The worst may not be over for Ghana’s cedi, Africa’s third-worst-performing currency this year. Analysts said the unit, which has already lost more than 7% against the dollar, could continue to weaken despite the International Monetary Fund’s $3 billion bailout following the country’s 2022 default. Ghana has secured workouts with …

Kwame Baffoe Abronye, a seasoned energy professional and the Bono Regional Chairman of the New Patriotic Party, has been appointed by President Nana Addo Dankwa Akumfo-Addo to the board of directors of Tema Oil Refinery Company Limited (TOR). With a wealth of experience in the energy industry, Abronye DC is …

The Electricity Company of Ghana (ECG) has been given seven days by the Public Utilities Regulatory Commission (PURC) to submit a comprehensive incident report on power outages for the period January 1, 2024 to date. According to the Commission, the ECG is also to state the volume of load curtailed …

Telecommunication giant MTN Ghana has informed its customers that it has successfully secured additional operational capacity from its international partners. This measure aims to enhance internet connectivity amid the ongoing interruptions caused by cuts in undersea fibre optic cables. Mobile network operations have been disrupted since Thursday, March 14, which …

The Managing Partner at Marfo & Associates and a Member of the NPP Legal Team, Gary Nimako Marfo, has been appointed by President Akufo-Addo to serve as the board chairman for the National Lottery Authority (NLA). He is transitioning from his previous role as the board chairman of the Gaming …

In a significant development for the African Lotteries Association (ALA), Mr. Samuel Awuku, the Director-General of the National Lottery Authority (NLA) of Ghana, has been elected as the Vice President at the ALA’s General Meeting held in Casablanca, Morocco, on March 8, 2024. This historic election marks the first time …

A report by GlobalPetrolPrices.com (GPP) ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024. On the global scale, Ghana sits comfortably at the 39th position for the cheapest fuel costs. Currently, petrol prices in Ghana range from GH¢12.02 to GH¢13.29 per liter, while diesel …

The Ghana National Petroleum Corporation (GNPC) Senior Staff Association has said it is not aware of any issues or grievances as reported by a section of the media. In a statement on Tuesday (12 March), “We wish to categorically state that the leadership is not aware of any issues or …

In a significant development within the telecommunications sector, Vodafone Ghana has officially transitioned to Telecel Ghana, marking a strategic move to expand economic access to communication services across the country. Telecel Ghana has now assumed control over various operations previously managed by Vodafone, including fixed telephone lines, internet services, voice …