BUSINESS NEWS

Toll collectors who lost their jobs due to the government’s decision to stop collecting road tolls across the country are asking the government to reintroduce the tolls. They say reversing the decision will help them regain their jobs.   The collectors, under the Ghana Toll Workers Union, made this known …

Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey, has asked the government to consider reviewing the e-levy rate downgrades as a way of making it easier for more people to pay.   He said this when asked whether the …

The IMF says it is ready to support Ghana to revive its ailing economy. The resident representative of the fund, Dr. Albert Touna-Mama in a series of tweets confirmed that the Government of Ghana had reached out to his outfit for support to restore the economy to a path of …

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for economic support, MyGhanaMedia.com can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the …

According to Luc Christiaensen, a lead Agriculture Economist with the World Bank, Africa’s food import bill has more than tripled, reaching about US$35 billion a year. Perusing the article further, one notices that much of this imported food could be produced locally, creating much-needed jobs for the bulge population of …

The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, has warned the general public against linking their Ghana cards to their bank accounts through links sent via social media. According to him, no bank has put it out there that clients can link their Ghana cards …

The Ghana Revenue Authority (GRA) has written to clarify misleading reports on social media which claim that starting July 1, merchant SIMs will be charged the E-levy. According to the GRA, per the legal framework governing the operation of the e-levy – Electronic Transfer Levy Act, 2022 (Act 1075) – …

Transport Minister, Kwaku Ofori Asiamah has told Parliament that the Ghana Airports Company Limited (GACL) did not breach the Public Procurement Authority (PPA) laws in the award of a contract to Frontiers Healthcare Services Limited to test for Covid-19 at the Kotoka International Airport. Under the agreement, Frontier Healthcare Services …

The Public Utilities Regulatory Commission (PURC) says the date for announcing the new utility tariffs has been moved from July 1 to July 15, 2022. “This was necessitated as a result of the broadening of the tariff consultation process to solicit for more independent views; ensure independent verification of submitted …

Ghana has been ranked 2nd in Sub-Saharan Africa by the World Bank in an Open Budget Survey.     The country’s score of 53% follows South Africa which is ranked first in the region with a score of 85%. The World Bank in its World Development Report said Ghana was …