BUSINESS

Government’s initiatives are not slogans but policies – Bawumia

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 …

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Neoplan shutdown put on hold after gov’t intervention

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 …

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Financial stocks lead stock market rebound

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 …

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Another fire incident at Accra Academy

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 …

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GUTA advises members to suspend trip to China

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 …

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Ghana places 5th in Africa in 2020 Best Countries report

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 …

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New ambulances can locate caller, connect to nearest health centre

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 …

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Ultramodern ATMs introduced in Ghana

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 …

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Midwife calls for security for CHPS compound

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 …

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Takoradi-Tarkwa railway ready for free passenger service

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 …

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SHSs risk closure over lack of funds and food

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 …

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Neoplan Ghana Ltd shuts down January 31

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 …

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Gov’t to distribute over 300 ambulances Tuesday

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) …

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Ghana Chamber of Mines chief calls for tax incentives

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 …

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No more fake motor insurance in Ghana as motor insurance goes digital

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 …

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Akufo-Addo gov’t borrows GHS86bn in 3 years

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 …

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Ghana’s debt-to-GDP to hit 65% 2023 – Moody’s

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 …

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Gambaga Girls SHS abolishes double track system

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 …

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Interest in investing in Ghana continues to rise – Oppong Nkrumah

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 …

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COCOBOD introduces slashers to improve cocoa quality

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 …

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Ghana’s economy at all-time best in a decade – Moodys Ratings

International credit rating agency, Moody has reaffirmed Ghana’s credit rating at B3 with an upgraded outlook to positive from stable. This credit rating position is the best Ghana has received from Moody’s in the last decade. A statement issued by Moody on Friday, 24th January 2020 stated that “Moody’s investors …

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Number plate manufacturers plot uncovered

Credible reports and intelligence gathered by ghananewspage.com points to a deliberate ploy by a cartel to tarnish the image of the Chief Executive Officer of DVLA, Mr. Kwasi Agyemang Busia. The cartel, which is a plate manufacturing gang, is angered because the CEO is tirelessly working to seal the loopholes, …

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Pupils abandon school as cult clashes claim 13 lives

Thirteen suspected cultists have been killed in the ongoing clash between members of the Eiye and Aiye confraternities in the Ijede Local Council Development Area of Lagos State. Residents lamented that they were unsafe as the cultists freely use sophisticated weapons in the Luwasa, Igbe and Ijede areas of Ikorodu. …

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