BUSINESS

Nigeria to announce reopening of its border on Friday

The Nigerian government is expected to announce the reopening of its border with Benin after months of closure. According to Citi FM’s report, the Nigerian government in a memo signed by the Comptroller of its Immigration Service, Victor David Dimka, said a decision will be announced on Friday 31st January …

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Cedi to fall 8.60 percent in 2020 – Report

The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, 2020. …

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Ghanaian teachers to benefit from ‘world class’ Teacher Survey App

A ground-breaking innovation, certain to create a significant impact across the education landscape in Ghana, is about to be launched. Known as TeacherTapp Ghana, this teacher survey mobile app, is aimed at gathering information regarding the daily lives of teachers and education in general, through a series of programmed questions …

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ECG: Prepaid credit deductions’re service charges

The Electricity Company of Ghana has attributed the deductions effected 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. The Public Relations Manager of the utility provider, …

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Stock Market pulls back to start week

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 …

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ECG attributes prepaid electricity deductions to service charges

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 …

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Anaesthetists to strike from Friday over title change

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 …

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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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