The Mortuary Workers Association of Ghana (MOWAG) has called off its nationwide strike “for now” after three days of disrupted services. The decision was taken on Thursday after the leadership of the group met with the National Labour Commission. The association declared an indefinite strike for its members on Tuesday, …
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Government can do little about ‘Ponzi Scheme’ locked up investments – Ken Ofori Atta
Finance Minister Ken Ofori Atta says government can only do little about investments locked up in financial institutions that promise unrealistic returns over a short period of time. According to him, any organisation that promise a fixed return at the end of the month should be taken a second look …
Read More »Committee calls for port concession agreement review
The Ministerial Committee set up by the Economic Management Team to review the concession agreement between the government of Ghana (GoG) and the Meridian Port Services (MPS) has made a compelling case to the government not to implement the agreement in its current form. The committee in its report, a …
Read More »Akufo-Addo appoints Michael Ansah as CEO of GIADEC
The President, His Excellency Nana Addo Dankwa Akufo Addo, has appointed Mr Michael Ansah, as Chief Executive Officer of the newly established Ghana Integrated Aluminium Development Corporation. The Government has outlined its intent to develop an Integrated Aluminium Industry which will be one of the major pillars to drive the …
Read More »Ghana Commodities Exchange: marketing opportunities to farmers
Ghana’s economy has been predominantly agrarian. Various cash crops have a place in Ghana’s economic history. Tetteh Quarshie, for example, brought cocoa from Fernando Po, having experienced the viability of the beans. Other food crops such as rice, maize, soybeans etc. have been on our production radar. Farming is mostly …
Read More »President swears in GIADC Board
President Nana Addo Dankwa Akufo-Addo has sworn into office the Board of the Ghana Integrated Aluminium Corporation (GIADC) with a call on the body to ensure Ghana harnesses the gains of the aluminium industry timeously. The eleven-member board, chaired by Dr. Tony Oteng Gyasi, and industrialist, includes Mr. Addae Antwi-Bosiako, …
Read More »Akufo-Addo wants vibrant Ghana aluminium industry
President Nana Akufo-Addo has charged the Board of Directors of the newly-instituted Ghana Integrated Aluminium Development Corporation (GIADEC), to ensure that a vibrant aluminium industry is established in the country. Addressing the Board of Directors of the Ghana Integrated Aluminum Development Corporation at the Jubilee House after administering the Official …
Read More »Ghana is 4th fastest growing economy in Africa – IMF
Ghana is expected to become the fourth fastest growing-economy in Africa, according to the International Monetary Fund (IMF). Ghana is projected to achieve 7.6 per cent gross domestic product (GDP) growth rate in 2019. The projected growth rate is up from the rate of 6.3 per cent GDP in 2018, …
Read More »New ECG owner, PDS starts operation today
The new owners of the Electricity Company of Ghana, ECG, Power Distribution Services, PDS, has officially begun operations today, Friday, March 1, 2019. Government has on Wednesday handed over the operations of the state-owned facility to PDS. The Minister of Energy, Peter Amewu at the handing over ceremony said goverment …
Read More »Menzgold files last minute defence in case filed by 53 soldiers
Menzgold Ghana Limited has finally filed a defence in a case in which 53 soldiers sued it for failing to pay back their investment totaling GH¢2.5 million. The soldiers had filed for default judgement due to Menzgold’s failure to file a defence within the stipulated time. The Accra High Court …
Read More »EOCO boss K.K Amoah sacked
Executive Director of anti-graft agency, the Economic and Organised Crime Office (EOCO), ACP K.K Amoah, has been removed from office. Myjoyonline.com sources in government say he has been replaced by DCOP Adusei Poku. ACP Amoah has since been ordered to hand over to DCOP on Thursday, February 28, the sources …
Read More »EPA revokes license of Chinese fish farm in Asutsuare
The Environmental Protection Agency (EPA) has revoked the environmental permit for China Fujian Fishing Limited Facility located at Asutsuare in the Greater Accra Region. The EPA, in a statement, said the move is in accordance with Regulation 26 of the Environmental Assessment Regulations 1999 (LI 1652). “Investigations conducted by the …
Read More »Petroleum slows producer inflation to 3.4% in January
The consistent drop in prices in the petroleum subsector has influenced the overall decrease in the average change in the prices received by domestic producers for the production of their goods and services. The inflation rate for the petroleum subsector declined consistently to record 3.8 percent in January 2019, after …
Read More »Be wary of ‘abnormal’ interest rates – GRA boss
The Commissioner-General of the Ghana Revenue Authority (GRA) has urged the public to be wary of investment plans, which promise more than three per cent monthly returns because they are abnormal. Emmanuel Kofi Nti said as a former Bank Examiner and with his background in the financial sector, there was …
Read More »Government targets effective labour regime
Government is preparing to sign a social partnership agreement with members of the National Tripartite Committee (NTC) and key stakeholders in the labour sector to consolidate relations between the various social partners in the post International Monetary Fund (IMF) era expected to begin April 2019. The members include organized labour …
Read More »Tax exemption policy threatening fiscal stability – Akufo-Addo
President Akufo-Addo has admitted that Ghana’s tax exemption policy is gradually becoming a menace to the country’s fiscal stability and revenue generation ambitions. Speaking on tax exemptions at the State of the Nation Address in Accra yesterday, the President indicated: “Revenue mobilization poses the biggest challenge in the management of …
Read More »Meet UK-Based Ghanaian Who Is Scamming Young Ghanaian Women With Marriage Proposal
The wheels of justice turn slowly, but grind exceedingly fine! Time has apparently catch-up with young UK-based Ghanaian, who has mastered the draft of duping unsuspecting Ghanaian women on social media in an extraordinary faction. The Ghanaian prema-donna, who has been described in some circles as an embodiment of insolence …
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