BUSINESS NEWS

Finance Minister, Dr. Mohammed Amin Adam has revealed that the government will allocate GH¢1.5 billion to resolve outstanding claims from financial management companies. This announcement was made during the presentation of the 2024 mid-year fiscal policy review in Parliament on Tuesday, July 23. Dr. Amin Adam also disclosed that the …

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra …

Finance Minister Dr. Mohammed Amin Adam will today present the 2024 Mid-Year Budget Review in Parliament. This will be his first budget presentation since becoming Finance Minister in February 2024, in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). The review will update the House …

The National Communication Authority (NCA) has responded to public concerns regarding high internet data pricing, affecting businesses and sparking outrage on social media. Many have called for the dissolution of the NCA board due to high data costs and unreliable data supply, which some attribute to MTN’s declaration as a …

The Deputy Minister of Transport, Hassan Tampuli, has stated that there is no justification for the increase in lorry fares. The Concerned Drivers Association of Ghana has declared a 15 percent rise in transport fares, set to take effect on Monday, July 22, 2024. The association cites the escalating cost …

General Secretary of the General Agriculture Workers Union (GAWU) Edward Kareweh has explained the factors causing the rising cost of food items in Ghana. He attributed it to factors including the decline in lands available for food production. He revealed that most of the farmlands have been encroached upon by …

The National Democratic Congress (NDC) Member of Parliament for Yapei-Kusawgu, John Abdulai Jinapor, has rubbished some comments attributed to him alleging that the NDC will not reduce fuel prices if they come to power. According to Mr. Jinapor, these comments are false, baseless, and do not represent the facts. “On …

The Ghana Airports Company Limited (GACL) has confirmed that the Kotoka International Airport (KIA) remains unaffected by the ongoing global IT outage that has disrupted operations at several airports and airlines worldwide. Industries across the globe, including airlines, banks, retail outlets, and broadcasters, are grappling with a significant IT outage. …

The Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) have jointly clarified that no decisions have been made regarding a potential increase in transport fares. GPRTU and GRTCC additionally urged commuters to avoid paying any unapproved new transport fares until an official announcement has …

The Majority Leader and the Member of the Parliament for the Effutu constituency in the Central Region, Mr. Alexander Afenyo-Markin has been sworn into office as the New Board Chair of the Electricity Company of Ghana (EC). He was sown into office by the outgoing Energy Minister Dr Matthew Opoku …