BUSINESS

Delayed budget approval cause of Cedi depreciation- Bawumia

Vice President Mahamudu Bawumia has attributed the drastic depreciation of the local currency to challenges in approving the 2022 budget and the Russia-Ukraine war. According to him, the situation brought about low investor confidence in Ghana’s economy among others. “The financial markets’ assessments of the 2022 budget, unfortunately, concluded that …

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Stop buying hot food in plastics – Minister warns Ghanaians

The Minister of Environment, Science, Technology and Innovation Dr Kwaku Afriyie has called on Ghanaians to stop purchasing food wrapped in plastic in order to avoid the risk it poses to one’s health. The Minister also wants laws to be put in place banning the use of plastics for selling …

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Stop transacting business in foreign currency – BoG warns

The Bank of Ghana has cautioned organisations and individuals against transacting business in foreign currency in Ghana. A statement from the Central Bank stated that institutions and individuals are prohibited from pricing, advertising, receipting or making payments for goods and services in foreign currency in Ghana, without written authorization from …

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Private health facilities threaten strike over unpaid NHIS claims

The Private Health Facilities Association of Ghana has threatened an industrial action due to government’s failure to pay claims for National Health Insurance Scheme. According to the General Secretary of the association, Frank Torblu Richard, health care delivery is being compromised due to arrears dating as far back as nine …

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2021 BECE: Private schools demand re-marking over alleged discrimination

The Ghana National Council of Private Schools (GNCOP), has called for an independent probe into the marking of scripts of Basic Education Certificate Examination (BECE) candidates from private schools. Candidates in private schools often do much better than their counterparts in public schools, but the Council argued that private school …

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Four nabbed in GH¢200,000 SIM swap fraud – EOCO

The Economic and Organised Crime Office (EOCO) has arrested four persons who have been engaged in SIM swap fraud. The action was undertaken by the EOCO in collaboration with the Ghana Association of Banks. According to hdfc.com, SIM swap fraud means changing mobile SIM cards. If this is done without …

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CLOGSAG to strike April 21 over neutrality allawa

The Civil and Local Government Staff Association of Ghana (CLOGSAG) has served notice to embark on a nationwide strike from April 21 over non implementation of Neutrality Allowance. According to the group payment of the Neutrality Allowance has not been effected as agreed in spite of official reminders and follow …

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Gov’t owes us over GHS10bn – Road contractors

The National Vice Chairman of the Road Contractors Association of Ghana, Stephen Kwaku Attasi has revealed that the government owes members of the Association a whopping amount of over GHS10 billion for roads constructed over the past five years. According to Mr. Attasi, 35 members of the Association have died …

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ShEquity Launches Second Accelerator Edition  

06 May 2022 Is the Application Deadline for Female Entrepreneurs in the ECOWAS Region Accra, Ghana, 05 April 2022 – ShEquity, an investment vehicle providing smart investments for impactful, innovative and scalable female-led and owned businesses in Sub-Sahara Africa, today announced the launch of the second edition of its accelerator …

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Sunyani SHS old students reject appointment of new headmaster

The Sunyani Senior High School Old Students Association (SOSA) have rejected the appointment of a new Headmaster for the school, Gordon Osei Marfo. Reasons for the rejection of the new Headmaster, Gordon Ose Marfo who took office in February 2022 is not known. However, this portal has sighted a letter …

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GPRTU announces new transport fares today

The leadership of the Ghana Private Road Transport Union (GPRTU) has set Tuesday, April 5, 2022, to announce the percentage increase in transportation fares. The union last suspended its decision to increase fares by 15%. The suspension according to GPRTU was to get reliable information on the government’s reduction of …

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Cedi has started gaining strength – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said that the Cedi has started gaining strength against the major trading currencies. He said this in an interview with the BBC’s Peter Okwoche on Monday, April 4. The President was touting the economic progress of the oil-producing West African nation but when his attention was …

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Ningo SHS Computer Lab destroyed by rainstorm

The Ningo Senior High School (SHS) in the Ningo-Prampram District’s computer laboratory and the staff common room have been destroyed by torrential rain that ripped off the roofing of the structures of some of the buildings in the school. The computer lab and staff common room were temporarily turned into …

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5 ringleaders in Wulugu SHS riot deboardinised

North East Regional Minister, Yidana Zakaria, has disclosed that five students who led a riot in Wulugu Senior High School, which happened in March 2022, have been ejected from the boarding house of the school. Zakaria also said that all the other students, who were involved in the riot, have …

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346,120 Ghanaians infected with HIV – Ghana Aids Commission

A total of 346,120 Ghanaians have been infected with HIV, the virus that causes AIDS with 66 percent being females while the rest are males, the Ghana AIDS Commission has disclosed. Speaking at a media engagement programme organised by the Christian Health Association of Ghana on Friday, the Senior Programme …

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Uber, Bolt, Yango drivers strike tomorrow

The leadership of the Online Drivers Association of Ghana has declared a sit-down strike over welfare concerns. The two-day national sit-down strike will start on Tuesday, April 5, and end on Wednesday, April 6. It is meant to drum home their demands for better conditions of service. The association is …

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Price of bread increases to GH¢8

Effective Saturday, April 2, 2022, prices of bread in the Ashanti regional capital, Kumasi, would be increased to GH¢8. A loaf of bread was previously sold at GH¢6. According to bakers that spoke to Adom News, the prices of flour, sugar and other ingredients have increased astronomically. The GH¢2 increment, …

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MoMo agents association meets over proposed demo against e-levy

The leadership of Mobile Money Agents Association of Ghana has given an indication that it will meet over the weekend, to deliberate on whether to embark on a proposed demonstration against the E-Levy. Dela Abotsi, the National President of the Mobile Money Agents Association of Ghana, said “w e will …

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Here is a list of transactions to be affected by E-Levy

The law, Electronic Transfer Levy Act, 2022, Act 1075, otherwise known as the E-Levy, was given Presidential assent on Thursday, March 31, 2022, after it was passed by Parliament on Tuesday, March 29, 2022. The Electronic Transfer Levy Act, will impose a 1.50% levy on all electronic transfers. Prior to its approval …

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ATM withdrawals not included in E-Levy – Finance Ministry

The Finance Ministry has stated that ATM withdrawals will not attract the 1.5% charge on electronic transfers. Also, same person transactions will not attract the E-Levy. The E-Levy is a tax imposed on electronic transfers charged at the time of transfer. The levy shall be administered by the GRA and …

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