BUSINESS

Importers & Exporters skeptical about duty reduction

Importers and Exporters Association of Ghana (IEAG) has expressed skepticism about the reduction in benchmark value of import duties at all of the country’s ports. According to them, the announcement by the Vice President, Dr Mahamudu Bawumia at a Town Hall meeting, though laudable is vague.   Executive Secretary of …

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IMANI breaks silence on Bawumia, EMT Townhall and it’s serious

Founding President of IMANI Africa, Mr Franklin Cudjoe and Vice President Kofi Bentil have spoken about the Economic Management Team townhall meeting held yesterday. Mr Cudjoe said judging from how the questions and answers at the Economic Management Team Townhall went, Ghanaians need “more assurances beyond high sounding economic jargons”. …

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BoG did not spend any reserves to stabilize the Cedi – Bawumia

Vice President Dr. Mahamudu Bawumia has dismissed claims that the Bank of Ghana spent reserves to revive the Cedi when it depreciated against some foreign currencies especially the Dollar. According to him, “some persons have misunderstood the requirement by the International Monetary Fund(IMF) to build up its reserves by some …

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SSNIT Tamale area takes 77 employers to court

The Social Security and National Insurance Trust (SSNIT), Tamale Area, has sent signals to all employers who fail to honour their obligation under the National Pensions Act, 2008 (Act 766), that the Trust will apply the law to ensure that workers get their due when they retire. The Tamale Area …

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We won’t go to IMF again – Ofori-Atta

Finance Minister, Ken Ofori-Atta has ruled out another romance with the International Monetary Fund (IMF), maintaining that sufficient macroeconomic gains have been made to prevent a return to the UN-backed institution. “The expectation of all of this is that we are consistently on top of the macroeconomics of the country, …

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100,000 Ghanaians lose $25m in Crypto scam

At least 110,000 Ghanaian investors have lost their investment totalling GHC135 million ($25.71m) to crypto investment scams and hacks in 2018, a report on the Global Coin Community Scam said. Members of Parliament are alarmed over the report and want regulators to police the sector to save Ghanaians from falling …

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Savings & Loans Directors undergo corporate governance training

In the quest to enhance the corporate governance practices of savings and loans companies, a training programme to educate directors of Savings and Loans (S&L) companies has been held in Accra. The training, which comes in the wake of the banking sector reforms, is to primarily enhance the knowledge of …

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‘Double-track’ teachers not paid salaries for 5 months

About 8000 teachers recruited by the government to facilitate the implementation of the controversial double track system under the Free SHS policy, have not been paid their salaries five months after their employment. The Ghana Education Service, which is in charge of processing of the newly recruited teachers for their …

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Rev Owusu Bempah reacts to Kennedy Agyapong quitting politics

  The founder and leader of the Glorious Word and Power Ministry International, Rev Isaac Owusu Bempah has reacted to the decision of the Member of Parliament of Assin Central, Kennedy Ohene Agyapong to quit active politics. According to the man of God, his mother is sad over the decision …

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ATEBUBU: Fakwasi Presby Basic School pupils study on floor

Students of Atebubu Fakwasi Presby Basic School in Atebubu/Amantin Municipality of the Bono East region are compelled to write on the floor due to lack of tables and chairs, especially those at KG 1&2. The school, established 17 years ago has not electricity power and has not seen any renovation; …

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Pass consumer rights bill now! – Kofi Kapito

The Chief Executive Officer (CEO) of the Consumer Protection Agency, Kofi Kapito has called on the government to pass the consumer rights bill to protect consumers in the country. The call comes as Ghana Joins the world in celebrating the World Consumer Day, a day set aside to promote consumer …

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BREAKING NEWS: GRA boss Kofi Nti fired

The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti and two other commissioners have been fired, Daily Mail GH can confirm. The other affected commissioners are Isaac Crentsil, commissioner for customs, and Kwasi Asante Gyimah, in charge of domestic tax. Top government officials say Nti has been …

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Price of bread to go up by GH1.00

Price of locally manufactured bread will from next week Monday shoot up by one Ghana cedis (GH 1.00), executives of Ashanti Regional Flour Users Association have announced. The soon to be effected increment in prices was sparked by the recent hikes in the market prices of flour and other products …

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Tema Port security interrupts stowaway

The Tema Port Security has in its custody a 21year old Moroccan stowaway, Abdul Hadi, who was hiding on board the vessel MV Lanidie in search of free passage to Europe. According to the Tema Port Security Manager, Joseph Punamane, the Port Security was contacted by the ship’s crew, to …

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Two Senior Lecturers at UEW sacked by Vice Chancellor

Two senior lecturers of the University of Education, Winneba (UEW), have been summarily dismissed by the Vice Chancellor, Reverend Father Prof Anthony Afful-Broni according to a letter sighted by MyNewsGh.com. The two include; Professor Ephraim Avea Nsoh, Principal of the College of Languages Education at Ajumako and Dr. Frimpong Kakyire …

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BREAKING: Planned Demostration Against Gold Fields Ghana Ltd Halted

The residence of Brahabebome and it’s surrounding communities in the Tarkwa-Nsuaem Municipality have put on hold a planned massive Demostration against Gold Fields Ghana Ltd(GFGL), Tarkwa scheduled for Monday March 11 as a result of a successful meeting between the leadership of the residents of Brahabobome and the Tarkwa-Nsuaem Municipal …

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WAEC to verify 2019 WASSCE candidates biometrically

The West African Examinations Council (WAEC) will, for the first time, capture the fingerprints of candidates who would be writing the West African Senior School Certificate Examination (WASSCE) in 2019 as part of measures to curb impersonation. “In order to nip in the bud the growing trend of impersonation, the …

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Menzgold’s Dzorwulu HQ burgled; TV sets, ACs, computers stolen

The Head Office of Menzgold Ghana Limited in Dzorwulu, Accra, has been burgled. Sources close to ClassFMonline.com said the thieves entered the office through the back wall and broke the window of the gold-trading firm.The burglars made away with all computers in the trading hall, TV sets, photocopy machines, air …

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Mortuary workers call off strike after three days

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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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 …

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