BUSINESS NEWS

The Board Chair of the Electricity Company of Ghana (ECG), Keli Gadzekpo, has tendered in his resignation, effective April 9. In his resignation letter to President Akufo-Addo, Mr Gadzekpo cited personal reasons as his motive behind the move. The board chair further wished ECG and the government continued success in …

The Ministry of Energy claims recent remarks by Dr. Matthew Opoku Prempeh regarding the issuance of a load-shedding timetable have been deliberately distorted by the Media to portray the Minister as an insensitive person. Kofi Abrefa Afena, a spokesperson for the Energy Ministry, in a statement on March 26, affirmed …

The Energy Minister, Dr. Matthew Opoku Prempeh, has stated that the country is not facing ‘dumsor’ (erratic power supply), indicating that individuals calling for a load-shedding timetable should release it themselves. He said the current power situation is “300 times better” than what was experienced under former President John Mahama …

Telecommunications giant MTN has announced the restoration of internet network capacity, promising enhanced data services. Ghanaians have been experiencing disruptions caused by cuts to undersea fibre optic cables, impacting vital internet services in Ghana since Thursday, March 14, 2024. On March 24, 2024, MTN issued a statement confirming the use …

The Chief of Juapong in the North Tongu Constituency in the Volta Region, Torgui Ahadzi Gboti ll, disclosed the reason why the Juapong Textiles Company has forcibly closed down. The chief stated that the factory was shut down because the business could not afford to pay the employees’ salaries. He …

The Ghana Elections Project (GEP) has declared its intention to stage a demonstration against the ongoing power outages popularly known as ‘dumsor’. The protest is scheduled for Friday, April 26, 2024. In a statement released on March 21, the group said the objective is to put pressure on government to …

The Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has accused the Ghana Revenue Authority (GRA) of harassing businesses under the guise of tax collection. He voiced his concerns during a discussion with members of the Ghana Chamber of Commerce and Industry, seeking their input as the manifesto committee …

The Mobile Money Advocacy Group Ghana (MOMAG) and Momo Agents have expressed disappointment with the Ghana Revenue Authority (GRA) over the imposition of the E-levy on agent SIM cards, which they say is resulting in double taxation for their businesses. MOMAG, in a statement on Wednesday, March 20, 2024, noted …

The worst may not be over for Ghana’s cedi, Africa’s third-worst-performing currency this year. Analysts said the unit, which has already lost more than 7% against the dollar, could continue to weaken despite the International Monetary Fund’s $3 billion bailout following the country’s 2022 default. Ghana has secured workouts with …

Kwame Baffoe Abronye, a seasoned energy professional and the Bono Regional Chairman of the New Patriotic Party, has been appointed by President Nana Addo Dankwa Akumfo-Addo to the board of directors of Tema Oil Refinery Company Limited (TOR). With a wealth of experience in the energy industry, Abronye DC is …