BUSINESS NEWS

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.     …

The Abossey Okai Spare Parts Dealers Association has expressed its appreciation to Dr. Mahamudu Bawumia, Vice President and NPP Flagbearer, for his vision and policy recommendations presented at the New Vision for Ghana lecture. The association responded to Bawumia’s address with enthusiasm and assurance about his resolve to use compliance …

Some experts have given Vice-President Dr Mahamudu Bawumia a thumbs up for his delivery in his address to the nation on Wednesday (7 February). The address on the theme “Ghana’s next chapter; selfless leadership and bold solutions for the future”, proffered some bold solutions to the challenges facing the country, …

Flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, says that when he is elected into office in 2024, Ghana Card holders will no longer need to apply separately for a passport. According to him, cardholders will merely pay for the passport application fee via electronic transfer, specifically mobile …

The planned implementation of the 15 percent Value Added Tax (VAT) on domestic consumption of electricity has been suspended officially by the government. Both the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) have thus been directed by the Ministry of Finance to put the charging …

The current economic data shows that the economy is recovering from the crisis, Vice President Dr Mahamudu Bawumia, has said. He recounted that inflation has dropped from 54 percent to 23 percent in this December 2023. “Economic growth is rebounding, spending is under control,” he said in his address on …