BUSINESS

ECG appreciates gov’t resolve to settle debts

The Electricity Company of Ghana (ECG) has clarified its position on the assertion by the Energy Ministry that debts owed the company by the government had been paid. This follows opposition by some members of the Minority contesting the veracity of the claim. The Energy Minister, Peter Amewu on May …

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Oil falls on China-U.S. tensions, energy demand doubts

Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. Fuel demand plummeted in recent months as the pandemic caused governments to impose restrictions on movement and businesses closed their doors. Oil has rallied in recent …

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[Video] Pastor ‘heals’ coronavirus patient

Founder of the Christ Mercyland Deliverance Ministry, Prophet Jeremiah Omoto Fufeyin has reportedly healed a coronavirus (COVID-19) patient. On 22nd May, 2020, in one of such interactive online services tagged “Dreams, Interpretations and Solutions, DIS”, which has since gone viral, Prophet Jeremiah received a video call from a middle-aged Californian woman, …

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Agribusinesses apply for stimulus more than other sectors – NBSSI

The Executive Director of the National Board for Small Scale Industry (NBSSI), Esi Kosi Yankey-Ayeh, has revealed that more players in the agriculture and agribusiness sector have applied for their share of the stimulus package than their colleagues in other sectors. So far, she said, 1400 applicants have registered for …

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Traders lament over poor sales in today’s Sallah Market

The strike of Coronavirus, did not only leave humanity devastated but has affected every sector of human endeavour. Not excluding trading, which is the backbone of every country’s economy. Business in the Tamale metropolis, today has reportedly been low despite the day being Sallah market which usually records high numbers of …

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May salaries will be paid on time – Controller

The Controller and Accountant General’s Department (CAGD), has assured all government workers that May salaries will be paid on schedule. This comes after some reports on social media suggest that validation for the salaries of government workers for the month of May has been postponed due to some technical challenges. …

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UCC, UEW lead in fake certificates by public sector employees – Audit Service

The University of Cape Coast(UCC) and the University of Education Winneba (UEW) confirmed the highest number of fake and unverified certificates by public sector employees, MyNewsGh.com reports According to the Ghana Audit Service Payroll Report, the University of Cape Coast confirmed 45 certificates as fake submitted by public sector workers for employment, …

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Spanish La Liga set to resume on June 8

La Liga will be able to resume from the week beginning June 8 after Prime Minister Pedro Sanchez gave the green light for football to return. The Spanish top flight has been suspended since March, but authorities have been exploring a way to conclude the campaign while the coronavirus pandemic …

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Auditor General identifies 366 suspected cases of personation

The Ghana Audit Service has identified 366 suspected cases of personation by public sector employees. According to its Payroll Report, it has provided the details to the heads of Ministries, Departments and Agencies/Metropolitan, Municipal, District Assemblies to investigate and submit a report for further review within 3 months after the …

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Coronavirus: Students share their thoughts about reopening of schools

Some Senior High School students across the country have expressed their feelings, thoughts and concerns about reopening of schools during the coronavirus pandemic. Teacher unions, parents, and other stakeholders in education have sparked conversations in recent times, about the reopening of schools during the pandemic. According to these bodies, it …

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Ghana Gas debunks COPEC’s lower quality claims

The Ghana National Gas Company has dismissed claims by the Chamber of Petroleum Consumer (COPEC) that the liquefied petroleum gas being supplied is of lower quality. Executive Secretary of COPEC, Duncan Amoah, had earlier made the claim. He had raised red flag over the quality of liquefied petroleum gas being …

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Lawyer pushes for KelniGVG Boss to be jailed for alleged perjury

Francis Kwarteng Arthur, a Ghanaian and private legal practitioner challenging the President’s Executive Instrument on the Electronic Communications law, has filed an application in court seeking to have the Chief Executive Officer of KelniGVG, Rouba Habboushi jailed for alleged perjury. In his application, Mr. Arthur explained that Roaba Habboushi in …

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Cedi loses grip on US dollar – Data Bank research

After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic. The local currency was on top of its game …

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Pwalugu Multi-Purpose Dam Takes Off

The President of Ghana His Excellency Nana Addo Dankwa Akufo-Addo cut the sod in November 2019 for the construction of the multipurpose dam.   The dam seeks to benefit Ghanaians in many aspects such as electricity, fisheries, irrigation and control of flood.   Although this project fulfills Government’s policy of …

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Bui Power Authority justifies demolition exercise

The management of the Bui Power Authority (BPA) has justified a recent demolition exercise undertaken its buffer zone. The Authority said the demolition was necessary because the settlers slowing down their work. A statement signed by Fred Oware, CEO of BPA said its attention was drawn to various media reports …

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Mining records 38% Producer Price Inflation

The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 38.0 percent, the Ghana Statistical Service (GSS), has said. This, according to the GSS, is followed by the utility sub-sector with 12.1 percent. The Manufacturing sub-sector recorded the lowest year-on-year producer inflation rate of 0.5 percent. …

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We never said we were reopening schools – Oppong Nkrumah

Government says that reports circulating that it will soon reopen schools across the country are untrue. Government says it is instead engaged in consultation on when and how to reopen schools. Speaking at the Information Ministry’s press briefing Thursday, Minister for Information, Kojo Opong Nkrumah said “with the greatest of respects it is not …

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Sections Of Pre-Tertiary Educational Bill Deleted

The Education Ministry has deleted sections of the Pre-Tertiary Education Bill. The deleted sections have to do with the decentralization of the education service. A statement from the Ghana Education Service said the decision was taken after a meeting with the various unions within the education sector. The letter signed …

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Average lending rate drops marginally in April

After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before. The Summary of Economic and Financial data (May 2020) published by the Bank of …

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‘Don’t Rush In Re-opening Schools’- Headmaster to Gov’t

Assistant Headmaster in charge of Academic, Apostle Safo School of Arts and Sciences at Awoshie Last Stop, Accra, Hughes Lartey, has cautioned the government against the re-opening of schools in the wake of the coronavirus (COVID-19) pandemic.   In his firm estimation, school children, especially those in the lower primary, …

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Payment of ECG legacy debt good news – IES

The Executive Director of the Institute of Energy Security (IES), Paa Kawsi Anamua Sakyi, has said it is refreshing to note that the government has cleared the legacy debts of the Electricity Company of Ghana (ECG). Mr Sakyi however asked the government to ensure that the debt situation does not …

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Two die after galamsey pit caves in

Two illegal miners have died after a mining pit caved in on them. The incident occurred May 18, 2020, around 9:00 am at a mining site of Nawara mining Company in Akyem Osino in the Fanteakwa South District of the Eastern Region. The bodies of the deceased persons -Atwere Emmanuel, …

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