BUSINESS

‘We are doomed’ – Adongo on cabinet’s price control consideration

Deputy Ranking Member of Parliament’s Finance Committee, Isaac Adongo, has bemoaned a decision considered by Cabinet to implement a price control mechanism to help stem soaring inflation. This comes after a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko disclosed that President Akufo-Addo and his cabinet opted not to introduce …

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Petrol, diesel prices to hit GHC10.949 pesewas – COPEC predicts

The Chamber of Petroleum Consumers (COPEC) is forecasting an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022. According to COPEC, The ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter …

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Majority have made Ken Ofori-Atta a ‘tin god’ – Muntaka

Alhaji Mohammed-Mubarak Muntaka, Member of Parliament for Asawase and Minority Chief Whip, has accused the Majority in Parliament of making Ken Ofori-Atta, the Finance Minister a tin god. Speaking on JoyNews’ PM Express show, the one-time Sports Minister bemoaned that several attempts to get the Finance Minister to the floor of Parliament …

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Cedi has depreciated by 15.8% – BoG Governor

Bank of Ghana Governor Ernest Addison has said developments in global capital markets, combined with internal challenges that resulted in the rating downgrade of Ghana’s economy, have played out to exacerbate price and exchange rate pressures in the domestic economy. The Ghana cedi, he noted, came “under severe pressure in the first …

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GH¢50m released to NHIS – Annoh-Dompreh

The government has released an amount of GH¢50 million to the National Health Insurance Scheme, according to the Majority Chief Whip, Frank Annoh-Dompreh. The amount is part of the budgetary allocation of the scheme for the year. Earlier in the month, the Minority Caucus in Parliament bemoaned the effects of …

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What a typical Accra market scene looked like in 1961

Accra is indeed one of the beautiful places many visit in Ghana. After exploring tourist sites in the regional capital, most people visit some known markets and public places including the Arts Centre to buy goods. As the popular saying goes, ‘some things never change’ and this is reflective in …

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Twitter investor sues Elon Musk and platform over takeover bid

A Twitter investor is suing Elon Musk and the social media platform over the handling of the billionaire’s $44bn (£34.9bn) bid for the company.  The case alleges he violated California corporate laws in a number of ways. It accuses the Tesla boss of “wrongful conduct” as his “false statements and …

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Fufuo Methodist primary school pupils study in church building

Pupils at Fufuo Methodist Primary School in the Atwima Nwabiagya North District of the Ashanti Region , are now using a  church building in the community as their classroom for academic activities. The students from both primary five and six and numbering about 100 have been struggling  with their daily school works …

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Monkeypox outbreak 2022 and what you need to know

Monkeypox, a disease caused by the monkeypox virus, occurs very infrequently and in very scattered locations in parts of Africa. There are two clades (or types) of the virus: a West Africa (WA) clade in which 1 to 3.6 out of 100 infected patients die (1% to 3.6% mortality) and …

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Bole SHS assistant headmaster allegedly rapes final year student

The Assistant Headmaster of the Bole Senior High School (SHS), Issahaku Jeduah, has allegedly raped a 21-year-old final year student. According to the final year student of the school, on Friday, 20 May 2022, the Assistant Headmaster, sent for her during prep time. She indicated that the Assistant Headmaster’s invitation …

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No nurse has turned into a crocodile – Tafo gov’t hospital

The Tafo Government Hospital in Kumasi in the Ashanti Region has denied claims that a student nurse turned into crocodile at the facility. This follows reports that a student nurse had turned into a crocodile causing, a pregnant staff nurse to collapse. According to the reports, the student nurse had …

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Emirates loses US$1bn

The Emirates Group today released its 2021-22 Annual Reportwhich shows strong recovery across its businesses. dnata returns to profitability, and significant revenue improvements were reported across both Emirates and dnata as the Group rebuilt its air transport and travel-related operations which were previously cut-back or curtailed by the COVID-19 pandemic. …

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COCOBOD to close crop season May 26

The Ghana Cocoa Board (COCOBOD) will close its main crop season tomorrow, Thursday, 26 May 2022. “It is hereby notified for general information that purchases of the 2021/2022 Main Crop Cocoa Season will close on Thursday 26th May 2022,” COCOBOD said in a statement issued on Wednesday, 25 May 2022. …

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Poliovirus found in drains in Tamale

The Noguchi Memorial Center for Medical Research has found the Poliovirus in samples of water scooped from some drains in the Sagnerigu Municipality and the Tamale Metropolis. The Deputy Northern Regional Director of Health in charge of Public Health, Dr. Hilarious Abiwu, disclosed this in an interview with GBC News …

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Tolon SHS fire: Students return to school, moved into temporary place

The Tolon District Assembly, District Education Directorate, and other stakeholders have partnered to provide temporary classrooms and accommodation to displaced students of Tolon Senior High School. The management of Tolon Senior High School last week directed over 600 students of the institution to return home following a fire that gutted …

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VIDEO&PHOTOS: Accra floods: Kaneshie Polyclinic shutdown

The Kaneshie Polyclinic in the Okaikoi South District of the Greater Accra region has been shutdown following heavy downpour which started at midnight of Tuesday, May 24,2022. According to reports, the wall separating the Polyclinic and the Ga Mantse Palace got broken, which made way for the water to enter …

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Bank of Ghana increases policy rate from 17% to 19%

The Bank of Ghana Monetary Policy Committee has reviewed the policy rate by 200 basis points from 17 percent to 19 percent. Governor of the central bank, Dr. Ernest Addison speaking at a press conference on Monday May 23 explained the move is meant to stem inflation which has been surging in recent …

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Chaos in KALISCO as ‘town boys’ clash with students during jams

A group of outsiders invaded the Kalpohin Senior High School in Tamale and clashed with the students having an entertainment session last night. The clash occurred as the students attempted to stop the outsiders who had illegally entered the school campus from joining the entertainment programme. According to reports, one …

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