The GSE Composite Index tumbled by 12.46 points (-0.55%) due to losses in two banking and telecom counters to close at 2,236.29 with a -0.92% year-to-date return while the market capitalization declined by 0.23% to settle at GH¢57.96 billion. CAL Bank (-1.02%) lowered the GSE Financial Index by 1.11 points …

The Electricity Company of Ghana is attributing deductions on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge, depending on their consumption. Public Relations Manager, Theresa Osabutey disclosed this in an interview …

Members of the Ghana Association of Certified Registered Anaesthetists (GACRA) have served notice they will embark on strike from Friday, January 31, 2020. According to the association, their appeal to the Medical and Dental Council over plans to change their name has been ignored. They claim the MDC has instead …

President Akufo-Addo says the AngloGold Ashanti Limited has agreed it will contribute US$2 for every ounce of gold produced into a Community Trust Fund, over the lifespan of its Obuasi Mine to facilitate development projects in the local communities of the area. According to him, a one-off contribution of US$250,000 …

Vice President Alhaji Dr Mahamudu Bawumia has stated that government’s initiatives, were not slogans but policies implemented to benefit Ghanaians. He said the programmes, such as the One District One Factory (1D1F), Planting for Food and Jobs and Free Senior High School, were all policies put in place to protect …

Government has intervened to avoid the imminent collapse of Neoplan. According to Starr News sources within the management of the firm, state officials are working with authorities of the now struggling auto company to continue to stay in business. A top official of the company told Starr News they have …

The signals of recovery from the financial crisis that hit the economy in 2017 have begun to positively to impact on the performance of the Ghana Stock Exchange in the first month of this year. The market’s benchmark index, GSE Composite index (CI) at the end of trading session on …

There is another fire outbreak on the campus of Accra Academy, a few days after a similar incident on the campus. The Alema Hall fire according to GhanaWeb sources started round 8:30 pm. This is the second time since January 15, when the first fire outbreak swept the same Alema …

The Ghana Union of Traders Association is advising members of the business community, particularly traders who intend or are preparing to China for business or any other thing to hold on. It rather encourages the possibility of transacting business and other communication via the internet until the coronavirus outbreak is …

Ghana placed 5th in Africa and number 67 in the world, according to the 2020 Best Countries Report put together by US News & World Report and supported by Wharton Business School of University of Pennsylvania and BAV Group. Egypt was 1st in Africa and number 36 in the world …

The coronavirus was confirmed in the Chinese city on January 7, 2020. Cases have since been confirmed in several other Asian countries, Europe and the United States. The World Health Organisation’s Africa emergency response program manager Michel Yao advised health ministers in the region to activate standard flu screening at …

The newly-commissioned ambulances are fitted with digitised state-of-the-art dispatch management system, integrated with the national digital property addressing system which will automatically generate the digital address location of the caller, President Akufo-Addo has disclosed. This according to the President, will enable the control centre to determine straightaway the nearest ambulance to dispatch, he …

The Deputy Minister of Trade and Industry says the government is ready to intervene to avoid the collapse of Neoplan Ghana Limited. Carlos Ahenkorah said “Let me say on authority, it’s not government’s desire to see Neoplan collapse. It has been one of the flagship companies of Ghana.” Speaking to …

At the just-concluded ATM roadshow held in Accra with the theme ‘’Innovation with the NextGen ATMs’’, Inlaks introduced into the Ghanaian financial sector, new ultramodern and high-tech ATMs with enhanced features manufactured by the Korean-based Original Equipment Manufacturer, Hyosung Inc, to give customers and banks seamless experience, improved customer experience …

Workers of Coca-Cola bottling Company Ghana Limited continues to demonstrate on the premises of the company as they seek the reinstatement of the former MD, Seth Adu-Baah. Speaking to Citi FM, Assistant Secretary of the local chapter of the Industrial and Commercial Workers Union of Coco-Cola Company Goerge Sarpong said …

Madam Faustina Lami Abatera, the Midwife in charge of the Kolinvai Community-Based Health Planning and Services (CHPS) compound located in the East Mumprusi Municipality of the North East Region has called for security guards to protect the facility and medical equipment. She said the facility which has a nurses’ quarters …

The Ghana Railway Company Limited (GRCL) has successfully completed its reformation exercise on the Takoradi-Tarkwa Railway line and urged the public to patronize its services for free on the stretch beginning today, Tuesday January 28. The GRCL said it was fully prepared to begin passenger services after a concurrent test …

Senior High Schools in the country risk closure over lack of funds and shortage of food. Funds have not been disbursed to the schools since the beginning of the 2019/2020 academic year affecting the smooth running of the schools. Starr News checks in the Eastern region reveal most schools have …

Neoplan Ghana Limited, one of the country’s surviving coach manufacturing businesses in the 1970s, has announced a total shutdown on Friday, January 31, 2020 because it is no longer viable. A memo to all staff of the company in Accra and Kumasi announcing the closure of the company, which was …

The Ghana Health Service (GHS) has called for a forensic probe into the conduct of the Director, Internal Audit Division of the GHS, Mr Kwabena Hemeng-Ntiamoah, who is alleged to have misappropriated millions of cedis meant for audit assignments. A document sighted by the Ghanaian Times suggested that the forensic …

Health officials in Ghana have tightened surveillance at Ghana’s border with Cote d’Ivoire after a suspected case of coronavirus was reported. Ever since the disease surfaced in China, many countries are on the alert to ensure it does not find its way to their setting. The Director-General of the Ghana …

Emergency healthcare services in Ghana are to receive a major boost from this week, following the dispatch of over 300 Ambulances, over 300 EMT Drivers and support staff and 30 Dispatchers to 275 constituencies nationwide from Tuesday. The ambulances were procured under the government Infrastructure for Poverty Eradication Programme (IPEP) …

Dr Gideon Boako, spokesperson the Vice President, has said the government cannot ask the Bank of Ghana (BoG) print money to pay depositors of the collapsed financial institutions in the country. He said if that is done, it will amount to the central bank financing government expenditure, an action he …

Exploration for minerals in Ghana remains hampered by tax burdens, Sulemanu Koney, CEO of the Ghana Chamber of Mines, told The Africa Report. “We are not happy with the level of investment we see in exploration,” Koney said. Better incentives for exploration are “a major issue”, he said. “That is …

Government’s digitization agenda which, is being spearheaded by the Vice President, Dr. Mahamudu Bawumia has achieved another milestone with the addition of motor insurance to the growing list of digitized government agencies. The Vice President announced in July last year at the US-Ghana Business Forum that after holding a series …

Ghana’s debt stock has increased by about GS86.6 billion since the Nana Akufo-Addo government came into office three years ago. Some economists and market watchers have described the rate and quantum of borrowing by the government as alarming and warned that it could plunge the nation into an economic crisis …

Ghana’s debt-to-GDP ratio is projected to hit 65% by the year 2023. According to international rating agency Moody’s, Ghana’s debt will rise primarily due to an annual assumption of 2% of GDP in the form of contingent liabilities. Moody’s’ forecast also includes disbursements under the $2 billion financing deal with …

The Gambaga Girls Senior High School (SHS) in the East Mumprusi Municipality of the North East Region has reverted from the ‘Double Track System’ to Single Track owing to massive infrastructural development in the school. The ‘Double Track System,’ under the Free SHS policy was in two sessions; the Green …

Information Minister, Kojo Oppong Nkrumah, has noted that interest in making investment in Ghana especially by foreigners continues to rise. The Information Minister who doubles as the Member of Parliament for Ofoase-Ayirebi constituency in the Eastern Region, made this known after participating in the Ghana Investment Summit in the United …

The Ghana Cocoa Board (COCOBOD) has taken delivery of 100,000 pieces of motorised slashers to be distributed to cocoa farmers throughout the country. The slashers are to prevent the farmers from resorting to the use of weedicides on their farms and, thus, reduce the risk of having the beans contaminated …