BUSINESS

Government urged to support informal sector

    Mr Kofi Oppong, the Manager of Cosby 1 Fashion College at Madina in Accra, has called on the Government to streamline existing policy measures to support the informal sector. That, he said, would provide the private sector the needed assistance to grow and contribute to the national Gross …

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Hohoe: Rainstorm Destroys Roofs Of Classroom Blocks

    A storm with heavy rain has ripped off roofs of classroom blocks of three second-cycle institutions and a basic school in the Hohoe Municipality of the Volta region. The affected schools are Likpe Senior High School, Alavanyo Secondary Technical School, Evangelical Presbyterian (E.P) Technical Vocational Institute, and the …

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Banks refuse syndicated loan for COCOBOD

    Ghana Cocoa Board’s (COCOBOD) annual pre-export financing, will be raised by a club of banks as its traditional lenders; the European Bank, have declined to underwrite the risk amid the uncertainty of the coronavirus pandemic, banking sources said. The loan will back its 2020/2021 cocoa crop and is …

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State add more charges against Dr. Duffour and eight others

  The state has added to the charges against Dr Kwabena Duffour former Minister of Finance and Governor of the Bank of Ghana, and eight others for their alleged roles leading to the collapse of Unibank Limited (a commercial bank). The accused were initially facing 68 charges but those charges were increased …

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GH¢490m generated by ICUMS so far – GRA boss defends new system

Acting Commissioner-General of the Ghana Revenue Authority (GRA), Rev Ammishaddai Owusu-Amoah, has said the newly deployed Integrated Customs Management System (ICUMS) has generated some GH?490 million in its first 17 days of operation. According to him, this figure compares favourably with the average monthly revenue collections of about GH?942 million …

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Pension contributions decline In 1st quarter

    A recent Bank of Ghana report on the real sector of Ghana’s economy says employment conditions as measured by the total number of SSNIT pension contributors (both public and private sector) declined in the first quarter of this year, compared to a similar period in 2019. It said …

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Finance Minister to submit mid-year budget review in July

      The Finance Minister, Ken Ofori-Atta is expected to present the mid-year budget review and supplementary estimates in July. According to the Majority Leader, Osei Kyei Mensah Bonsu, the Finance Minister will use the opportunity to explain how government intends to replenish advances it took from the Contingency Fund …

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Finance Ministry, GRA to crack down on corrupt officers

To root out corrupt revenue collection officials in the country, the Ghana Revenue Authority (GRA) and Ministry of Finance have established a Tax Audit and Quality Assurance Unit. A bold move, according to some industry voices, the new department will deal with all complaints of corruption and ensure that the …

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Weak cedi partly to blame for fuel price hike – IES

The rapid depreciation of the cedi against the major trading currencies especially the dollar is partly to blame for the recent increase in fuel prices in the country, Paa Kwasi Anamua Sakyi, Executive Director for the Institute of Energy Security (IES), has said. In a statement, he explained that the …

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Ghana moves to generate one gigawatt nuclear power by 2030

Ghana’s quest to become a beacon in nuclear power production is on course as the country has already made commitments to generate one gigawatt of nuclear power to add to its energy mix. The project is expected to commence in 2024 and be completed in 2030. Instructively, phase one of …

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KATH: Over 20 doctors, 100 nurses infected with coronavirus

The Ashanti Regional Chairman of the Ghana Medical Association, Dr Paa Kwesi Baidoo, has revealed that at least about 20 doctors have been infected with Coronavirus. He also noted that though the number of infected nurses hasn’t been fully collated, he can project that for every doctor that is infected, five …

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MoFA Director encourages farmers to increase production

MoFA Mr Francis Ennor, the Upper East Regional Director of the Ministry of Food and Agriculture (MoFA) has advised farmers in the region to farm activities to increase production without fear of contracting the COVID-19. “Some of the farmers are expressing the fear that if they go to the farms they …

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Life-saving COVID-19 drug found

A cheap and widely available drug can help save the lives of patients seriously ill with coronavirus. The low-dose steroid treatment dexamethasone is a major breakthrough in the fight against the deadly virus, UK experts say. The drug is part of the world’s biggest trial testing existing treatments to see if they …

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COCOBOD struggles to pay cocoa agents after coronavirus hit exports

COCOBOD is having a hard time paying debt owed purchasing agents after the coronavirus pandemic slowed exports and sales, the Bloomberg reports. Purchasing agents typically secure beans from farmers and sell it to the regulator. Spokesperson for Ghana Cocoa Board Fiifi Boafo states that his outfit has recorded poor gains …

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BET 2020: Ghana out, 2 Nigerians nominated, check out full list

This year’s Black Entertainment Television (BET) Award will not have any artiste representing Ghana as the country failed to get on the nomination list. The organisers of the international award scheme released their nomination list yesterday, June 15 and no Ghanaian made it. Ghana’s eastern counterparts, Nigeria, however, got two …

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Govt to employ 8,076 jobless nurses in November

  The government through the Ministry of Health has been given clearance to employ 8,076 nurse assistants who completed in 2017 in both clinical and preventives. According to a letter dated June 9, 2020, from the Ministry of Finance and signed by the Deputy Minister, Abena Osei-Asare, is to take …

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Our money will determine our votes in December – Menzgold customers

Customers of Menzgold have served notice their vote in December will be informed by government’s attitude towards their locked up funds with the CEO of the company Nana Appiah Mensah popularly known as NAM 1. According to the customers, government has not shown enough commitment in the efforts in retrieving their monies. …

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GRA beefs up Customs staff at ports to clear backlogs

  The Ghana Revenue Authority (GRA) has directed its Customs Division at the port to resume normal operations, as their shift system which was put in place due to measures to check the spread of COVID-19 has been cancelled. The move is part of urgent steps being taken by the GRA to …

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KATH Intensive Care Unit to operate at half capacity

The Intensive Care Unit of the Komfo Anokye Teaching Hospital is to operate at half capacity for the next 14 days. This is because most of its intensive care unit doctors and nurses have been exposed to a trauma patient who has tested positive for Covid-19. A memo dated June …

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US, Ghana launch Ghana Learning radio programme

The United States and Ghana have launched a new programme to support and improve reading among Ghana’s primary school students. The Ghana Learning Radio: Reading Program, developed by the U.S. Agency for International Development (USAID) and the Ministry of Education will provide distance learning instruction in English and the 11 …

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Ghana to use blood plasma as coronavirus treatment option

Ghana has taken the fight against COVID-19 a notch higher, with plans to introduce blood plasma as part of treatment options for those infected with the virus. Under the initiative, COVID-19 patients with moderate and severe conditions would be given the plasma transfusion from recovered patients, to aid their recovery. As a result, the …

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