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BUSINESS NEWS

Fuel Price Hike: We’re Not ‘Father Christmas’; We Can’t love Ghana More Than Our Livelihood – Drivers

Commercial drivers have served notice to the government of Ghana that they will not relent in their quest to see transport fares go up in parity with the consistent fuel price hikes.       They say they cannot continue to love Ghana while their businesses get run down as …

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Akufo-Addo Directs GRA To Defer Reversal Of Benchmark Value Discounts For Broader Consultations

President Akufo-Addo has directed the Customs Division of the Ghana Revenue Authority to pull the breaks on the implementation of the reversal of discounts on benchmark values.     According to reports from Accra-based Asaase Radio, the President’s directive is to create more room for broader stakeholder consultations on the …

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Ghanaians Complain About Long Queues At SIM Card Re-Registration Centres

Some Ghanaians who are seeking to re-register their SIM cards with the Ghana card are complaining about the excessively long queues they’ve had to endure at the offices of some telecommunication companies. The situation has worsened since the first working day in 2022. On social media, many complained about the …

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Dr Agyekum Addo: Envy And Jealousy Collapsing Businesses In Ghana

Dr Michael Agyekum Addo, the founder of the Kama Group of Companies has said envy and jealousy are the banes of business development in the country. “It is an important thing that we need to address in this country because it is affecting our politics, our businesses and the country,” …

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Tourism Industry Reels From Emirate Flight Suspension

It is less than 72 hours since the airline company Emirates indefinitely suspended its flights from Accra to Dubai. But already, persons who work in the tourism industry are beginning to incur what they describe as huge losses. Managing Director of Adansi Travels and Tours, Gideon Asare, says some of …

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MoMo Agents Suspend Planned Nationwide Strike Over E-levy Policy

The Association of Mobile Money Agents has disclosed that they have called off their intended strike slated for Thursday, December 23.   Speaking  to the  General Secretary of the Association, Evans Otumfo, this is due to a fruitful meeting they had with the Ministry of Communications and the National Communications …

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Price Of Sachet, Bottled Water Increased By 25%; Operators Blame Taxes, Cost Of Electricity As Reasons

The National Association of Sachet and Packaged Water Producers has confirmed an increase in the price of the products by 25%, citing high cost electricity, taxes as well as high import duties. President of the association, Magnus Nunoo, in an interview with Charles Ayitey on the Market Place, projected a …

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1.5m Out Of 11.5m Active Labour Force Unemployed – Report

1.5 million out of the 11.5 million active Ghanaian labour force are unemployed, the 2022 Population and Housing Census conducted by the Ghana Statistical Service has revealed. This translates into 13.4% of jobless Ghanaians. About half a million out of the unemployed are persons who are 15 years and older, …

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Price Of Poultry To Go Up By More Than 50% This Year Compared To Last Year

Consumers of poultry should be prepared to pay more than fifty percent for purchases they make this Christmas season.   This is a warning from the Greater Accra Poultry Farmers Association who attribute the expected hikes to the incident of maize shortage as well as the reduced import of day-old …

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Inflation Shoots Up To 12.2% In November 2021

The month of November 2021 recorded the highest rate of inflation of 12.2% since the rebasing of the Consumer Price Index was done in 2019, the Ghana Statistical Service has indicated. This indicates that prices of goods and services witnessed upward adjustment during the period, a situation that will push …

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