BUSINESS NEWS

The Public Relations Officer (P.R.O.) for the Concerned Drivers Association, David Agboado, has clarified that there will be no increase in transportation fares. This follows an announcement by members of the Transport Operators Union and some regional executives of the Concerned Drivers Association of Ghana of a 30 percent increase …

The Transport Operators Union and the Concerned Drivers Association of Ghana have jointly announced a 30 percent hike in transport fares, effective Thursday, March 7. In a press release issued on Monday, March 4, the two organisations attributed the fare increase to the government’s failure to address their concerns adequately. …

Patrons of Ga kenkey in Accra must brace themselves for extra expenditure if they want to continue enjoying their delicacy. This is because some sellers of the kenkey are contemplating reviewing their operational cost to meet the continuous increase in prices on the market of ingredients used for the food. …

The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has attributed the recent power outages in parts of Accra and other regions to maintenance issues rather than fuel-related problems. Numerous communities have faced unpredictable power supply for several weeks without prior notice from ECG. Addressing the …

The Member of Parliament for the Pru East Constituency and Former Minister of Power, Dr. Kwabena Donkor, has refuted the assertion of President Nana Addo Dankwa Akufo-Addo that Ghana is not grappling with intermittent power supply, popularly known as dumsor. According to him, the country is currently not producing enough …

The National Petroleum Authority (NPA) has suspended the sale of fuel supplied by the Chinese-owned Sentuo Oil Refinery due to alleged substandard quality. This decision follows calls from the Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) for the Authority to halt the operations of the …

The Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) have urged the National Petroleum Authority (NPA) to shut down the Chinese Sentuo Oil Refinery over alleged illegal operations. COPEC and IES, in a statement on February 21, 2024, raised concerns about the refinery operating without the …

In the realm of agriculture, sustainable practices and cost-effective solutions are crucial for the success of smallholder farmers. GanaFert, an innovative startup, is revolutionizing the fertilizer industry by converting crop waste and animal droppings into an eco-friendly and affordable fertilizer specifically designed for smallholder farmers. With a mission to uplift …

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako, has resigned from the board. In a letter to the presidency, Mr. Adomako cited recent developments at the refinery for his decision to resign. In recent times, TOR workers, led by the General Transport Petroleum and Chemical Workers Union …

Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024. This marks a reversal of the consecutive declines recorded between July and December 2023. This slight acceleration in consumer prices is attributable to the increase in non-food inflation drivers, mainly accommodation, electricity and clothing.     …