BUSINESS NEWS

The Vice President of Ghana, Dr. Mahamudu Bawumia says government and the Bank of Ghana are working together to stabilize the cedi and check inflation. Dr. Bawumia says the Central Bank has begun implementing a number of policies to address inflation, which currently stands at 33.9 percent. The Vice President …

The Ghana Cocoa Board (COCOBOD), has arrested four persons for possessing about 328 bags of ‘Cocoa Eduane fertilizers ‘ unlawfully at Samreboi in the Western Region. They had loaded the fertilizers on an articulated truck ostensibly to transport them outside the area to sell to unsuspecting farmers at exorbitant prices …

Prices of pig products are going up by almost 20 percent, effective September 20, 2022. The cost of a kilogram of pork will increase from 14 cedis to 18 cedis, according to the producer association. Ashanti Regional Chairman of the Pig Farmers Association of Ghana (PFAG), Daniel Yaw Siaw, says …

The minority in parliament has once again chastised the NCA and the Communications Minister Ursula Owusu Ekuful over the handling of the SIM card re-registration exercise. The NCA has now withdrawn its directive to telcos for the blocking of unregistered SIM cards which affected even some registered subscribers. Addressing the …

Drivers and commuters on the La-Teshie- Accra road have been asked to brace themselves for some interruption in traffic flow for the next three months. According to the Department of Urban Roads’ Acting Director, Ing. James Amoo-Gottfried, the decision is necessary due to the construction of a new bridge over …

A spokesperson for the National Cathedral Project and Member of the New Patriotic Party (NPP) Communications Team, Mr Benjamin Gyawu Appiah, has re-assured the public that the Government will not use the tax payer’s money to build the Cathedral despite challenges. His comments follow the recent statement by the President …

The Concerned Second Dealers Association of Ghana (CSHDAG) has once again hit out at the Energy Commission over the latter’s plan to ban the importation of used items. Few weeks ago, the Commission, working through the Ministry of Energy, tabled before Parliament a draft to amend parts of the Energy …

The National Communications Authority (NCA) has announced its decision to roll out some punitive actions against users who have not registered their SIM Cards.   This new move is expected to take effect from Monday, September 5, 2022. According to a statement signed by the Authority’s Director-General, outgoing calls and …

The Bulk Oil Storage and Transportation Company (BOST) has responded to the Auditor General’s Report as captured in its 2021 annual Report.   Management Response Generation Investment Co. Ltd VRS BOST Observation noted. This could have been avoided if BOST was financially sound at the time. Sometime in 2014, BOST …

The 27.15 per cent power tariff increment for the Electricity Company of Ghana (ECG), as approved by the Public Utilities Regulatory Commission (PURC), takes effect from today. With its implementation, however, customers, depending on the category and consumption, will be paying slightly more, with the calculations, the inclusion of the …