BUSINESS

First year SHS students report to school

First-year Senior High School (SHS) students Thursday reported to school to begin the 2021/22 academic year. A visit by the Ghana News Agency (GNA) to the St Thomas Aquinas SHS and Accra High School saw the ‘freshers’ going through the registration process. Mr Paul K. Amoasi Baidoo, the Headmaster of …

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Registrar-General to strike out names of dormant companies

The Registrar-General’s Department has issued a third and final warning to strike out names of dormant companies from its Register. The notice comes after the Department issued previous notices published on December 1, 2020. A statement issued in Accra and signed by Mrs Jemima Oware, the Registrar-General, said “kindly note …

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Trade Ministry dismisses tension claim at AfCFTA Secretariat

The Ministry of Trade and Industry has dismissed media reports that there is currently tension at the African Continental Free Trade Area (AfCfTA) Secretariat in Accra. The Ministry said in a statement that the reports are not only untrue but also disingenuous and are designed to cause disaffection between the …

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Traders invade streets near Tema market

Traders have left designated sheds, invaded the streets near markets in the Tema Metropolis impeding vehicular and pedestrian movement, Metropolitan Assembly authorities called for sanity. Mr Charles Kobina Amos, the Coordinator of Tema markets in an interview with the Ghana News Agency at Tema on Wednesday noted that the assembly …

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Coronavirus is not the bane of Ghana’s budgetary challenges – Seth Terkper

Former Minister of Finance, Seth Terkper, has described the 2021 Budget as an Austerity Budget since it lacks the Management of Expenditure Statement, which has been missing since the 2018 budget. Speaking on GBC’s Current Affairs Programme, ‘FOCUS’, Mr. Terkper said challenges with the Economy started before the outbreak of COVID-19 and asked …

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BOST revives Bolgatanga depot

Ghana’s quest to serve as a hub for petroleum products in the sub-region received a major boost following the revival of the Bolgatanga Depot of the Bulk Oil Storage and Transportation Company Limited, BOST. The facility, which has a capacity to hold about 46.5m litres of petroleum products, has been …

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Ghana is on water rationing – GWCL

Management of Ghana Water Company Limited (GWCL) has begun rationing water nationwide due to the low level of water at the treatment plant. According to the Managing Director of GWCL, Clifford Braima, high demand and power challenges contributing to water shortages. “Of late, we have had some power challenges and …

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Government warns TOR workers

Minister of Energy, Dr. Matthew Opoku Prempeh, has warned workers of Tema Oil Refinery (TOR) that government will not hesitate to dismiss anyone who seeks to sabotage the operations of the refinery. According to him, he would not shield any worker of the refinery including management, whose operations would go to …

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No ID cards, no MoMo cash-out transactions – MTN

MTN MoMo has announced that effective 2nd April 2021, all MoMo customers will be required to present valid ID cards before any MoMo cash-out (withdrawal) transaction can be processed. As a result of this directive, all MoMo agents will be required to select the ID type and enter the ID …

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Ofori-Atta justifies new taxes by Gov’t

Finance Minister-designate, Ken Ofori-Atta has justified the 1 percent COVID-19 levy introduced in the 2021 budget statement following the agitation over the new tax. Ofori-Atta believes this will among other things prop-up the health system against the pandemic and also support the payment of COVID-19 vaccines imported into the country. …

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No fare increase – Transport Operators to Ghanaians

The Road Transport Operators Union has, in a statement, urged the general public to disregard the recent arbitrary increase in road fares by some commercial vehicle drivers. They have described the increase in fares as “unfounded” and in contravention of how transport fares are determined in the country. According to …

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VIDEO: Why Ghana will no longer sell cocoa to Switzerland

A year ago, Ghana’s President Nana Addo Dankwa Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. But his visit may not have gone as his host would wish as he announced that his country will soon end the process of selling …

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100-year-old trees on ‘priority’ National Cathedral site relocated

The construction of the National Cathedral of Ghana, which will provide an interdenominational sacred space for the nation, “remains a national priority”, the government has indicated. “Despite delays caused by the COVID-19 pandemic, work is on course to construct the iconic edifice in the heart of the nation’s capital”, caretaker …

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National Health Insurance levy increased by 1 percent

As part of measures to help recover Ghana’s economy, government has announced a one percent increment (1%) in the National Health Insurance Levy(NHIL). This is to say that the hitherto 2.5% NHIL charge on goods and services has increased to 3.5%. Minister of Parliamentary Affairs and Majority Leader in Parliament …

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5g network sustainability performance drives business and societal value

Despite the challenges of the COVID-19 pandemic Ericsson – the first company to launch live commercial 5G networks on four continents – remained committed and on track in 2020 towards reaching its sustainability goals while also setting ambitious new targets. The COVID-19 pandemic has accelerated digitalization across the globe. And …

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New taxes, tax cuts clash in 2021 budget

In an effort to achieve direly needed fiscal consolidation while at the same time providing equally greatly needed stimulus to the economy, the President Nana Akufo-Addo administration has unveiled 2021 national budget proposals that comprise a curious combination of tax rebates and newly introduced levies. While the new levies have …

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Govt distributed 28.8 million condoms in 2020

The Ghana Aids Commission chalked some notable successes at the end of 2020 as it was focused on achieving its mandate. One of the most recognizable achievements was the reduction of new infections from 20,068 in 2019 to 17,581 in 2020. This was captured in the 2021 budget presented by …

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Do not fall into the trap of Ponzi scheme operators

We have all been taught various words of wisdom…” Money doesn’t grow on trees” and “Look after the pennies, the pounds will look after themselves” and so on. Thus, there is much significance attributed to the skill in keeping our money safe. As Robert Kiyosaki and Sharon Lechter lay out …

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Transport fares to go up Thursday,18 March – Drivers Association

The National Concerned Drivers Association and True Drivers Union have called on its members across the country to resist any form of increment in road tolls by government. This follows a hint by caretaker Finance Minister Osei Kyei-Mensah-Bonsu about government’s intended review of road tolls. According to the Drivers Association, …

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Parliament to summon Education Minister over ‘Ewes’ in new textbook

Parliament is expected to invite the Minister of Education Dr Yaw Osei Adutwum to appear on the floor of the House to answer questions relating to newly-authored history textbooks for students. This comes after lawmaker for North Tongu Samuel Okudzeto Ablakwa has said he has filed an urgent parliamentary question requesting the …

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