BUSINESS

FDA orders immediate recall of 16 tomato paste brands

The Food and Drugs Authority (FDA) has ordered the immediate withdrawal of certain batches of 16 tomato paste brands from the market because they have been adulterated with starch and colour. A statement issued by the authority indicated that the ingredients—erythrosine and starch that are not permitted in tomato paste …

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Fuel prices to remain stable but cedi depreciation biting – IES

The Institute for Energy Security (IES) has predicted constant prices of fuel across the pumps in the second pricing window which begins December 16, 2019. Even though the depreciation of the cedi against other major international currencies especially the US dollar, has gone beyond 10 per cent since the beginning …

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Metro Mass Transit drivers embark on sit down strike

Metro Mass Transit Limited drivers in Cape Coast, Central Region have embarked on a sit-down strike effective Monday, December 16, 2019. They are striking over what they termed as “poor treatments by managements to drivers”. Passengers who trooped to the Cape Coast terminal Monday morning were stranded. The drivers say …

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Fuel prices to go up again

The Chamber of Petroleum Consumers has hinted of another upward adjustment in fuel prices at the pumps. According to the chamber, the National Petroleum Authority (NPA) has written to Petroleum Service Providers notifying them of an adjustment “some elements on the already high petroleum price build-up and fuel prices”. Fuel …

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Moringa: The health benefits of this plant are unbelievable

Owing to its high concentrations of polyphenols in its leaves and flowers, moringa protect the liver against oxidation, toxicity, and damage. For reasons quite obvious, the moringa tree has been dubbed the tree of miracle. Known to the ancient Chinese, Indians and many other cultures around the world, it recently …

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Electronic vehicle Registration to begin Jan. 2020 – DVLA

The Driver and Vehicle Licensing Authority (DVLA) is set to roll out the much-touted Vehicle Registration System (VRS) on January 2, 2020. The digital registration infrastructure which will fully be deployed by the Authority will enable clients complete their vehicle registration processes in an hour. It is, therefore, envisaged that …

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Travellers can now subscribe for ¢400 insurance cover via WhatsApp

Management of Old Mutual Health Insurance has launched an innovative local travel accident policy that allows subscribers to apply for cover through social media platform, WhatsApp. The product is an ‘on-demand’ travel accident policy that provides pay as you go cover for individual road journeys from city to city in …

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GRIDCO workers suspend strike

Employees of Ghana Grid Company Limited (GRIDCO) yesterday suspended the sit down strike they embarked upon on Wednesday to demand for debts owed the company by Electricity Company of Ghana (ECG) and other state companies. A press statement released yesterday said following a joint standing committee meeting of the management …

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Govt absorbs WASSCE fees for first batch of free SHS students

Government says it has absorbed the registration fees and cost of practical for students in public senior high schools who will sit for next year’s West Africa Secondary School Certificate Examination (WASSCE). These candidates are the first batch of the free SHS education introduced by President Nana Akufo-Addo in September …

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South African company scores rail deal in Ghana

Transnet has continental ambitions beyond freight and wants to be a major player in railway equipment and expertise. It is starting by reviving narrow-gauge railways in West Africa. South African state-owned rail and freight operator Transnet has agreed to a rail revitalisation deal with the Ghana Railway Company Limited and …

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Cocoa farmers must not be left out of decision making – Group

The President of the Ghana Best Farmers’ Association, Nana Abraham Adusei has asked policymakers in the cocoa industry to actively involve cocoa farmers in decision-making processes. Addressing a members of the World Cocoa Farmers’ Organisation (WCFO) themed “Consolidating the Cocoa Farmer’s Voice – a Key to Sustainable Cocoa Production and …

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Govt turns streets in Accra, Kumasi into Christmas trading centres

The Local Government Ministry has announced, the setting aside of some streets within Greater Accra and Ashanti Regions, as street markets during the yuletide. The “Street Hawking Markets”, according to a statement signed by sector Minister, Hajia Alima Mahama, will operate between 5am-11pm from Monday, December 16, 2019, through to …

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Ghana and China sign $42.62 million grant agreement

Ghana and China have signed a grant agreement for US$42.62 million for the implementation of economic and technical projects to be agreed on by the two sides for their mutual benefit. Finance Minister Ken Ofori-Atta, and Chinese Ambassador Mr Shi Ting Wang, initiated the deal on behalf of their respective …

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Christmas: Expired food products flood Koforidua markets

Some traders in the Eastern Regional Capital, Koforidua, have flooded the market with expired products to outwit unsuspecting consumers rushing to buy products for the yuletide. The perpetrators allegedly sneaked onto the market with products that have expiration dates as far back as 2017. However luck has eluded some of …

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GRIDCo staff suspend planned sit-down strike

Staff of the Ghana Grid Company (GRIDCo) have suspended their sit-down strike. The staff were protesting the operational challenges of the company linked to the indebtedness of some companies to GRIDCo. A joint statement issued by the company said “following a Joint Standing Committee meeting of the Management and Staff …

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Trotros in Ghana go digital in 2020 – Bawumia hints

The Vice President Dr Mahamudu Bawumia has disclosed that in January 2020, passengers will be able to check which bus or commercial vehicle ( trotro) is properly insured or registered using their phones before they board them. Speaking at a reception on Wednesday December 11, 2019 organised by the National …

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File your tax returns or be prosecuted – GRA

The Head of Tax Compliance at the Ghana Revenue Authority, Mr. Henry Sam has served notice that the authority will prosecute tax defaulters. In line with this, the Legal Department of the Authority had been directed to compile reports on all such offenders. He said the authority has already initiated …

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GN Bank – Matters Arising

On August 14th, 2017 the Bank of Ghana (BoG) revoked the licenses of UT Bank and Capital Bank. GCB took over the two under a Purchase and Assumption transaction. Less than a month later on 11th September, 2017, the BoG announced an increase in the minimum capital requirement for banks …

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NLC explains reason for court order against striking teachers

The National Labour Commission (NLC) has explained its decision to secure a court order against three teacher unions whose members are currently striking. The Commission’s Executive Secretary, Ofosu Asamoah, has explained that the decision was made because of the teachers’ failure to follow due process. The NLC, on Wednesday, filed …

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Meet the billionaire king of Ghana

Billionaire Michael V. Roberts who has been turning the business world on its head is now the economic king of Ada;eastern part of the Greater Accra Region in Ghana. This information was shared on Instagram by American author Dr Boyce Watkins who together with his son are now part of …

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