BUSINESS NEWS

The Electricity Company of Ghana (ECG) says the Finance Ministry and Economic and Organised Crime Office(EOCO) may soon be disconnected from the national grid for failing to pay their bills. According to the power distribution company, the two state-owned organisations owe to the tune of ¢421,038.02. This revelation comes after …

The Ghana Private Road Transport Union (GPRTU) has announced that commuters should expect an increment in transport fares.     According to the Head of the Union’s Communications, Abass Imoro, the decision is necessitated by the sharp surge in the price of fuel at the pumps. “When we came out …

The National Task Force of the Electricity Company of Ghana (ECG) Limited has cut power supply to the Terminal 3 of the Kotoka International Airport (KIA)  over debt to the tune of ¢49 million.. According to the Team Lead, Nene Shadrack Mase, the debt is affecting the operations of the …

The Chief Executive Officer of Microfinance and Small Loans Centre (MASLOC) Ghana,  Abibata Shanni Mahama Zakariah has stormed the Bono East Regional capital Techiman over the refusal by beneficiaries to repay a total of GHC6million loan disbursed to them. According to the CEO, MASLOC disbursed GH¢8million within 5 years to …

The cost of electricity could increase if the Electricity Company of Ghana (ECG) succeeds in pushing through with plans to adjust its tariffs in the coming weeks. Mr. Noble Dorwume, a Director in the office of the Managing Director of ECG, announced this in Tamale after a meeting with the …

Nana Kwame Bediako alias Freedom, a businessman has responded to the caution statement issued by the Bank of Ghana (BoG) against the impending launch of a cryptocurrency named “Freedom Coin” which belongs to him.   A statement issued by the central bank on Wednesday March 9 cautioned that neither this …

The World Bank has said even though COVID-19 has not helped Ghana’s economic standing, the situation started getting bad before than pandemic hit.   Speaking at the 65th Independence Day Lecture held at the Economics Department of the University of Ghana, Legon, on Monday, March 7, 2022, on the ‘state …

An energy strategist, Dr. Yusuf Suleman, has welcomed the privatisation of the Tema Oil Refinery, as a means of dealing with the perennial challenges that affect the company.   Speaking in a discussion on fuel prices on The Probe on Sunday, he expressed concern about the inability of the company …

Head of Economics Department at the University of Ghana, Professor William Baah Boateng has called on the government to implement more aggressive measures to cut down on government expenditure. According to him, it was about time the President and or the Finance Minister introduce new austerity measures to reduce the …

Liquefied Petroleum Gas (LPG) price will experience a 5% adjustment from today, March 3, 2022. This follows the restoration of the Price Stabilisation and Recovery Levy (PSRL) on fuel products. The restored PSRL is ¢0.16 pesewas per litre on petrol, ¢0.14 per litre on diesel, and ¢0.14 per kilogram on …