BUSINESS

Over 55% of candidates failed Mathematics in 2023 NOV/DEC — WAEC

More than half of candidates who sat for the West African Senior School Certificate Examination (WASSCE) in November/December failed mathematics, according to results released by the West African Examinations Council (WAEC). WAEC’s statement on the release of the 2023 second series WASSCE provisional results said 44.949% of candidates obtained grades …

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Here’s why interest rates are still high in Ghana

Apart from the high cost of doing business in Ghana, another major challenge the business community faces is the high interest rates on loans acquired from financial institutions. Despite bemoaning how this particular problem – high interest rates – keeps having dire consequences on their business, the government has done …

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Tap n’ Go ticketing system can never work as ‘trotro’ – GPRTU

The Ghana Private Road Transport Union (GPRTU) has rubbished assertions by Vice President Dr. Mahamudu Bawumia that the newly introduced automated transport ticketing system “Tap n’ Go” will eventually be rolled out on intra-city transport minivans popularly known as ‘trotro’ Speaking at the launch of the Tap n’ Go app, …

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Fuel prices may rise for next 2 to 3 months – Duncan Amoah

Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has hinted that prices of petroleum products may continue to rise for the next two to three months. Oil Marketing companies over the weekend made upward adjustments to the prices of fuel at the pumps by between 3% to …

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Salaries of public sector workers increase by 23%

The Government of Ghana through the Controller and Accountant General has implemented a salary adjustment for public sector workers by 23 percent. The decision follows the conclusion of negotiations with relevant stakeholders on the base pay for 2024. Controller and Accountant General, Kwasi Kwaning-Bosompem, said the salary adjustment took effect …

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CID takes over investigation into death of Aburi Girls student

The Criminal Investigations Department (CID) of the Ghana Police Service has taken over a probe into the circumstances surrounding the death of a 16-year-old student at Aburi Girls Senior High School in the Akuapem South Municipality of the Eastern Region. The student, Stacey Okyere, died on Monday, February 5, 2024, …

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Organised Labour suspends demo against 15% VAT on electricity

Following the suspension of a planned demonstration against the implementation of a 15 percent Value Added Tax (VAT) on electricity, Organised Labour has called off its protest against the tax measure of government. Prior to this, various labour unions across the country had planned to proceed with the demonstration even …

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See list of universities ‘built’ by NDC that Akufo-Addo has renamed

The flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has promised to revert the names of public universities which were renamed by the Nana Addo Dankwa Akufo-Addo government to their original names if the NDC comes into office in 2025. Mahama accused President Akufo-Addo and his party, the New Patriotic Party (NPP), …

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The 2 taxes government introduced in January 2024

In January 2024, the government introduced two new taxes, adding to the fiscal landscape of the country. These tax measures were announced as part of efforts to shore up revenue and support various developmental projects and initiatives. The first tax introduced was the controversial 15% Value Added Tax (VAT) on …

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Heirs Energies Celebrates Third Anniversary

Heirs Energies MD/CEO, Osa Igiehon (left) and Chairman of Heirs Energies Limited, Tony O. Elumelu   Significant Milestones in Production Growth, Transformational Community Engagement, and a Sound Safety Record   Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary.   In a short timescale, Heirs Energy has …

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Traders at Keta Market lament excessive cost of eggs

Traders at the Keta market in the Volta region have lamented the excessive cost of egg prices due to the lack of poultry farms in the area. This, they said, was affecting their businesses due to the inadequate availability of eggs in the area, compelling them to buy from other …

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