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BUSINESS NEWS

Fuel Price Hikes, Weak Cedi Put Airline Industry Under Strain

Players in the Aviation industry say they are hard hit by the high cost of fuel praying for urgent relief from government to cushion them. From the beginning of the year to now, there has been an increase of 112 percent in aviation fuel, Corporate Affairs Manager of Passion Air, …

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Full List Of Winners At The 2022 National Business Pitch Competition

On 16th of September 2022, Junior Achievement (JA) Ghana  hosted its 2022 National Business Pitch Competition at the Academic City University College in Accra. The National Business Pitch Competition is Ghana’s version of JA Worldwide’s internationally acclaimed Company of the Year Competition. The annual event allows high school students to …

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Dr. Bawumia Is The One Creating Ghana’s Problems – US-Based Economist

A Professor of Applied Economics at the Johns Hopkins University in Baltimore, Maryland, Steve Hanke, has punched Ghana’s economy yet again on the rate at which things are being worsened on a daily basis.   This is not the first time the Economist is speaking on Ghana’s economy especially after …

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Sunyani Airport: First Commercial Flight Lands After 7 Years Of Closure

The Sunyani airport has experienced its first commercial flight after seven years of closure. This happened during the Transport Minister’s commissioning of the first flight to start its operations in the Bono region.     During the occasion, the Minister of Transport, Kwaku Asiamah stated that those in the Bono …

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There Will Be No Increment In Transport Fares Today – GPRTU

The Ghana Private Road Transport Union (GPRTU) has insisted there will be no form of increment in transport fares on Monday, September 19, 2022.   This comes after some media reports indicated there was going to be an increase in transport fares from Monday.   Speaking to Citi News, Public …

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Gov’t Working To Stablize Cedi, Check Inflation – Dr. Bawumia

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 …

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Cocoa Fertilizer Smugglers Arrested At Samreboi

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 …

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Price Of Pork To Go Up By 20% Effective September 20

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 …

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Minority Threatens Class Action Despite NCA’s Withdrawal Of SIM Blocking Directive

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 …

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La-Teshie Beach Road To Be Closed Effective Sept. 15

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 …

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