BUSINESS NEWS

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 …

The leadership of the Transport Operators Association of Ghana has announced a 15 percent transport fare increment. The increment starts on Monday, July 22, they said. This has become necessary due to the recent surge in petroleum and spare parts prices coupled with economic hardship. The Concern Drivers Association Public …

The Ghana Airports Company Limited (GACL) has attributed Tuesday’s disruption in its check-in systems at Kotoka International Airport to ongoing excavation works at the facility. Management of the airport clarified that the disruption was not due to erratic power supply, as widely speculated. In a statement, GACL confirmed that at …

The controversial Legislative Instrument (LI) seeking to amend portions of the Road Traffic Regulations 2012 has been withdrawn in Parliament. The Minister for Local Government and Rural Development, Martin Adjei Mensah Korsah, has officially withdrawn the controversial Legislative Instrument (L.I.) on behalf of the Minister for Transport. This L.I. sought …

The Ghana cedi will recoup some losses in the coming days following an improved performance against the US dollar last week. The local unit gained 0.10% against the American greenback last week to close trading at GH¢15.69. This performance signalled good times ahead. The cedi held ground against the dollar …

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Shell has taken the lead, selling at litre of petrol at ₵15.10 and diesel for ₵15.25. Previously, Shell was selling a litre of petrol at ₵14.80 and diesel was going for ₵14.92. By this, petrol …