BUSINESS NEWS

President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng says the publication making rounds that prices of goods will increase from May 1, 2023, is “untrue”. The claim was attributed to the GUTA President but he told NEAT FM’s morning show, ‘Ghana Montie’ that “its false, I …

The Management of Ghana Cocoa Board (COCOBOD) has urged the general public to dismiss former president John Mahama’s claims that the cocoa industry is collapsing. According to the management, contrary to the former president’s claims, the industry saw the highest-ever cocoa production volume in the 2020/21 season, adding that cocoa …

The Pensioners Bondholders exempted from the government’s Domestic Debt Exchange Programme (DDEP) will today, Friday, April 28, resume its picketing at the premises of the Ministry of Finance. The resumption of their action is due to the government’s failure to pay all outstanding coupons and principals of bond investments. In …

The executive director of the Centre for Democratic Development (CDD-Ghana) Prof H Kwasi Prempeh has suggested to African governments to subject churches to the payment of income tax. His call comes after the number of victims of a suspected starvation cult rose to at least 89 after more bodies were …

President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng has informed Ghanaians to brace themselves for a hike in prices of selected goods on the market following government’s implementation of the Excise Duty and Income Tax Amendment Acts. Dr Obeng pointed out that since businesses operate hand-in-hand …

The President of the  Republic , Nana Addo Dankwa Akufo-Addo has given the Ghana National Gas Company Limited (Ghana Gas) the green light to acquire the Ghana Cylinder Manufacturing Company. The acquisition of the company will help it acquire the necessary resources to run efficiently. This was captured in a …

Further analysis of the Domestic Debt Restructuring indicate that the 23 banks operating in this country will lose additional ¢6.1 billion, due to reduced coupon rate and the extension of the maturity period from five to 15 years. According to the liquidity gap analysis by Dr. Richmond Atuahene and K …

The Minister for Energy and the Member of Parliament (MP) for the Manhyia South constituency in the Ashanti Region, Dr. Matthew Opoku Prempeh, has been dared to get the Managing Director of Tema Oil Refinery (TOR), Jerry Kofi Hinson, dismissed if it is true that US$2.5 million worth of condensate …

Individual Bondholders’ Association of Ghana (IBHAG) is not enthused about happenings amid the deliberations regarding government’s Domestic Debt Exchange Programme (DDEP). The Association has, on the back of this, recused itself from the Technical Committee superintending discussions over the debt restructuring. He says the discussions so far appear not to …

His Lordship Yonny Kulendi of the Supreme Court of Ghana has bemoaned the challenges facing public servants in Ghana. In a recent speech, he highlighted the pressure that comes with being a public servant explaining that people in the community assume holding a big position in government automatically meant one …