BUSINESS NEWS

The Kumasi Metropolitan Assembly (KMA) has said its attention has been drawn to the activities of some faceless individuals allegedly collecting money from unsuspecting victims under the pretext of allocating them shops in phase II of the Kejetia Redevelopment Project while the project is still under construction. In a statement …

Member of Parliament for Tamale Central, Ibrahim Murtala Mohammed, has said the One District One Factory (1D1F) initiative will be abolished if the National Democratic Congress (NDC) takes over power from the governing New Patriotic Party (NPP) in the 2024 elections. He described the initiative as mere slogan that is …

The National Communications Authority (NCA) has said the Ghana Card remains the only identification document for the ongoing SIM card registration exercise. “There is currently no medium for registration with Voter’s ID in the current SIM registration exercise; Ghana Card remains the only ID,” it has clarified. This is in …

Madam Rebecca Asempa, a businesswoman in Hohoe has resurrected the selling of “ice water” after more than 10 years switch to the consumption of “pure water.” She resumed the business on Tuesday, October 25 and so far, it is becoming a favourite to all special drivers at the Hohoe lorry …

Communications Manager for the National Petroleum Authority (NPA), Mohammed Abdul-Kudus, has dismissed rumours of an imminent fuel shortage in the country. According to him, the country has enough quantity of petroleum products in storage to sustain the demand of consumers till the next delivery of fuel happens. His statement follows …

The subsidy on Residual Fuel Oil (RFO) has been suspended following a directive by the Ministry of Energy. The suspension takes effect today, November 1, 2022, according to a statement signed by the Chief Executive Officer of the National Petroleum Authority (NPA), Mustapha Hamid. The latest measure by the government …

The umbrella body of traders, the Ghana Union of Traders Association (GUTA), has expressed some mixed feelings about President Nana Addo Dankwa Akufo-Addo’s measures to fix the economic crisis being experienced by Ghanaians. According to GUTA, the president, in his address to the nation on Sunday, October 30, 2022, failed …

ADDRESS TO THE NATION BY THE PRESIDENT OF THE REPUBLIC, NANA ADDO DANKWA AKUFO-ADDO, ON THE ECONOMY, ON SUNDAY, 30TH OCTOBER 2022. Fellow Ghanaians, good evening. Back in 2020, at the outbreak of the Corona virus pandemic, I started a regular conversation with you that came to be popularly known …

The Ministry of Finance has rejected claims that its negotiations with the International Monetary Fund (IMF) for a bailout have not been smooth as projected. A statement from the Ministry said such claims are untrue and should be disregarded. Some reports in the public domain say the negotiations are not …

The Bank of Ghana (BoG) has said the two forex bureaus whose licences were revoked on Thursday (27 October) may not be allowed back into the forex market. The BoG on Thursday revoked the licences of Airport City Forex Bureau within the Atlantic Tower Building and Trade House Forex Bureau …