BUSINESS

TUC to report Sunon Asogli to International Labour Conference

Organised Labour has served notice of reporting the management of Sunon Asogli Limited to the International Labour Conference (ILC) on June 9, 2023. Addressing the media after a meeting in Accra on Thursday, June 1, the group expressed its disbelief that such injustice could be perpetrated in Ghana 67 years …

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Teacher licensing law will collapse our business – GNAPS

The Ashanti Regional wing of the Ghana National Association of Private Schools (GNAPS) has bemoaned the inclusion of teachers in private schools in the enforcement of the teacher licensing law. According to the association, the enforcement of the teacher licensing law to cover private school teachers will lead to the …

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ECG and NEDCo release tariff reckoner for new power tariffs

The Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have released the tariff reckoner to guide consumers following the recently approved 18.6 percent increment in electricity tariffs by the Public Utilities Regulatory Commission (PURC). The two entities have encouraged power consumers to go through the guide …

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Property rate: GRA exempt churches, schools, cemeteries others

The Ghana Revenue Authority (GRA) has exempted churches, cemeteries, and schools, among others registered with the Metropolitan, Municipal and District Assemblies (MMDAs) from the payment of property rate. According to the GRA, the Local Governance Act 2016 (Act 936) mandates all persons and corporate bodies who own immovable properties to …

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 U.S. Ambassador to Ghana Rallies Support for Zipline Operations

  United States Ambassador to Ghana, Virginia E. Palmer The United States Ambassador to Ghana, Virginia E. Palmer, has asked global healthcare players and governments within the sub-region to invest in the operations of Zipline so that it can extend its services more targeted areas throughout the nation.   Ambassador …

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World Bank calls for review of Power Purchase Agreements

The World Bank is calling on the government to review some of the Power Purchase Agreements (PPAs) as part of the International Monetary Fund (IMF) bailout to revive the ailing economy. According to the bank, many of the PPAs that the government signed with Independent Power Producers (IPPs) are expensive. The Country …

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Ghana Trade Fair Centre to host US$300m mega data center

Africa Data Centres (ADC) will soon begin the construction of its strategic international data center as part of the Ghana Trade Fair Redevelopment Project. This serves as a major boost for Ghana in the Government’s push to make digitalisation a major economic growth pillar and employment pool for the youth. …

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Cedi faces pressure amid US debt ceiling negotiations

The local currency has experienced a reversal of its recent gains, losing 1.48 percent. It traded at GH¢10.98 to the United States (US) dollar at the end of last week. Initially, positive market sentiments prevailed and were attributed to approval of the US$3billion International Monetary Fund (IMF) bailout programme. However, an increase …

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Former finance minister Dr Joe Abbey is dead

Renowned Economist and former Minister of Finance and Economic Planning, Dr Joe Abbey has passed away after a short illness. According to a Joy Business report, the former Government Statistician and Diplomat passed away over the weekend. Until his demise, Dr. Joe Abbey was serving as the Executive Director of …

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PURC explains 18.36% electricity tariff increment after public uproar

Dr. Ismael Ackah, the executive secretary of the Public Utility Regulatory Commission (PURC), has provided details on how the Commission settled on an 18.6% tariff increment for the next quarter. He empathized and acknowledged the “current economic challenges”, but cited that although consumer satisfaction is the PURC’s top priority, it …

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UBA Ghana Celebrates Africa Day 

    United Bank for Africa Ghana (UBA Ghana) has marked this year’s Africa Union (AU) Day on May 25 with an array of initiatives.   The day which is set across the African continent is set aside to celebrate Africa’s unity in diversity and also highlights the cultural and …

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