BUSINESS

PURC explains 18.36% electricity tariff increment after public uproar

Dr. Ismael Ackah, the executive secretary of the Public Utility Regulatory Commission (PURC), has provided details on how the Commission settled on an 18.6% tariff increment for the next quarter. He empathized and acknowledged the “current economic challenges”, but cited that although consumer satisfaction is the PURC’s top priority, it …

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UBA Ghana Celebrates Africa Day 

    United Bank for Africa Ghana (UBA Ghana) has marked this year’s Africa Union (AU) Day on May 25 with an array of initiatives.   The day which is set across the African continent is set aside to celebrate Africa’s unity in diversity and also highlights the cultural and …

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Gordon’s Pink Berry Spirit Drink Soiree Unites Trendsetters, Influencers, and Media in an Unforgettable Night of Music, Cocktails, and Good Vibes

    The Gordon’s Pink Berry Spirit Drink Soiree transcended the boundaries of an ordinary gathering, becoming a night of opulence, sophistication, and delightful pleasures. This exclusive event served as a magnet for trendsetters, influencers, and members of the media, bringing them together to revel in an unforgettable fusion of …

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U-Lionesses Gather for Brunch Time Connection

  U-Lionesses, ladies’ association of UBA Ghana gathered for a unique event dubbed “Brunch Time with U-Lionesses.” The event created the platform for the women to enjoy conversations, food, and exciting games. Welcoming the women to the brunch, Josephine Amo-Asare, President of U-Lionesses Ghana said the activity was aimed at …

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Benkum SHS Headmaster interdicted for allegedly having sex with 15 students

The Headteacher of Benkum Senior High School (SHS) in the Eastern Region has been interdicted after he was accused of engaging in sexual misconduct with students of his school, graphiconline.com reports. The Ghana Education Service (GES) took action against Emmanuel Nyarko pending investigations into his reported involvement with approximately 15 …

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Dilapidated structure collapses on pupils in Sehwi Wiawso

50 pupils have been affected following the collapse of a dilapidated Kramokrom D/A Primary school structure in the Sehwi Wiawso municipality of the Western North Region. The school authorities assisted pupils who were trapped in the building during the incident. 10 pupils were injured and rushed to the hospital for …

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UBA Ghana Wins Two Major Awards

Chris Ofikulu UBA Ghana has recently been recognised for its outstanding achievements by the International Business Magazine Awards, winning two awards. The bank was named winner for Preferred Banking Platform Ghana 2023 and Preferred Bank for Business Ghana 2023. International Business Magazine is a well-established platform that recognised exceptional achievements …

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Ghana’s public debt reduces to GH¢434.6 billion, 71% of GDP

Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …

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Free SHS policy is poorly targeted, only increased enrolment – IMF

International Monetary Fund (IMF) has criticised Ghana’s free Senior High School policy saying, although it has increased enrolment, it is poorly targeted. “Ghana spends close to 4 percent of GDP on education with good results in terms of enrolment but poor learning outcomes. The flagship programme Free Senior High School …

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Two babies die in hospital due to power outage in Damongo

Two babies have died as a result of a power outage at the St Anne’s Hospital which operates under the Catholic Health Directorate in Damango in the Savanna Region. The hospital had its power cut due to a debt amounting to GH¢4 million power debt owed to the Northern Electricity …

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GPRTU asks drivers to halt 10% transport fare reduction

The Ghana Private Road Transport Union (GPRTU) has asked drivers across the country to halt the proposed 10 percent reduction of transport fares for now. The union has told its members to continue charging existing fares. On May 15, 2023, there was a directive for transport fares to be reduced …

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Economic uncertainty to reduce with IMF deal

The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …

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IMF approves $3billion bailout for Ghana

Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …

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Adopt a graduated approach to debt recovery – Govt to PURC

The government has urged the PURC to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing on the regulator to be measured in …

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Cement dealers asked to reduce prices as transport fares reduce

Following the announcement of a reduction in transport fares, a presidential staffer, Dennis Miracles Aboagye, has called on producers and retailers of cement to also reduce their prices. According to him, cement prices increased when the dollar was selling at about GH¢16, therefore, it should also reduce now that the …

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UBA Is Awarded “Best CSR Bank Ghana 2023

Chris Ofikulu United Bank for Africa, Ghana has been named as the ‘Best CSR Bank Ghana 2023’ by the Global Business Magazine Awards. The list of winners was released and published on their website. The award is designed annually to honor and reward excellence in companies across different sectors and …

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Common Causes Of Sleepless Night And How To Avoid It

Insomnia, a medical term for sleepless nights, refers to the condition where individuals experience difficulty falling asleep and staying asleep. This condition can be highly disruptive, impacting one’s overall health, work performance, and mood. The causes of insomnia often stem from our daily activities, many of which we may be …

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Body part you will feel pain if you have kidney failure

Pain in a specific area of the body is often the first warning sign that your kidneys need medical attention, even if the disease itself manifests internally. You may want to read this article all the way through if you’ve been experiencing unusual pains in your body. In this piece, …

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Ghana is now ready to go to the IMF Board – Ofori-Atta declares

Finance minister Ken Ofori-Atta has declared Ghana’s readiness to go to the International Monetary Fund (IMF) Board as it pushes for a US$3 billion Extended Credit Facility. The Paris Club and other major partners, this week, announced that it was giving financing assurances to allow Ghana receive the facility. Reacting to the development via …

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Ghana Standards Authority shuts down Chinese metal company

A Chinese-owned company, Fenis Metal Technology Company, has been shut down by the Ghana Standards Authority (GSA) for operating without proper certification. The exercise which was led by the Head of Enforcement at GSA, George Anti, was aimed at removing substandard products from the Ghanaian market. The local electric cable …

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