BUSINESS

Planting for Food and Jobs fertiliser subsidy slashed to 15%

Subsidy on inputs under government’s flagship ‘Planting for Food and Jobs’ (PFJ) programme has been cut further for the upcoming 2022 crop season, a document available to the B&FT from the Agriculture Ministry has indicated. The decline in subsidies by government will expectedly impose an extra financial burden on smallholder …

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WAEC releases 2021 WASSCE results for private candidates

The West African Examination Council (WAEC) has released provisional results of 52,974 candidates who sat for the 2021 West African Senior School Certificate Examination(WASSCE) for private candidates. The results of 696 candidates alleged to be involved in various examination malpractice have been withheld pending the conclusion of investigations. “These malpractices …

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Over 100 teachers have fled Bawku due to insecurity – GES

The Municipal Director of GES in Bawku, Azeriya Ayeriga, has indicated that his office has granted releases to over 100 basic school teachers. According to Ayeriga, the teachers sort to leave Bawku because of the current insecurity caused by the constant fight between factions in the municipality, graphic online.com reports. …

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‘BitCash Currency Exchange’ Not Licensed– BoG warns

The Bank of Ghana (BoG) is warning the public against a fraudulent money doubling scheme which operates under the name “BitCash Currency Exchange”. BoG said the company which claims to have approval from the central bank is false. According to central bank, the company has not been licensed as an …

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GUTA bemoans depreciation of Ghana Cedi

The Ghana Union of Traders’ Associations (GUTA), has bemoaned the depreciation of Ghana Cedi against the US Dollar. A statement signed by the President for GUTA, Dr. Joseph Obeng stated that the rapid depreciation of the local currency, the cedi against the major trading currencies, especially, the United States Dollar …

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Ghana’s economy is in crisis – Deputy finance minister

Deputy Finance Minister, John Kumah, has affirmed Prof Kwesi Botchwey’s assessment that Ghana is in an economic crisis. In an interview on Neat FM, monitored by GhanaWeb, John Kumah said that the government acknowledges there are difficulties, but these difficulties are not beyond the strength of the country. The deputy minister …

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Ghana’s Eurobond yields hit 10-year high

Yields on Ghana’s Eurobonds have risen to their highest level in 10 years, as international investors continue to dump the country’s bonds amid fiscal and debt challenges – and now the Russian-Ukrainian war. Data from the CBonds indicate that the country’s sovereign US$ yield to maturity (YTM) index had risen …

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Waakye is medicinal – Nutritionist

Madam Ophelia Dei Adubea, a nutritionist at the Nutrition Department, Ridge Hospital, has said “waakye”, a popular Ghanaian dish, is not only nutritious but medicinal. She said the meal was ‘health-giving’ when cooked with the sorghum bicolor leaves and packaged or served in the “katemfe” leaves also known as the …

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Deep-seated misinformation affecting E-levy acceptance—Ofori Atta

Mr Ken Ofori Atta, the Minister of Finance, has bemoaned the swirling deep-seated misinformation on the proposed electronic transaction Levy (E-levy) and said it affected recognition and passage. He said widespread distortion of facts caused many to reject the levy in reflex and that the situation threatened to deny the …

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Ghana signs visa waiver agreements with 8 states

Ghana has signed visa waiver agreements with eight countries; Qatar, Jamaica, Suriname, Saint Kitts and Nevis, Saint Vincent and Grenadines, Guyana, Venezuela and Malta. This means that the aforementioned countries would be exempted from applying for visas when entering Ghana and vice versa. This was disclosed by the Presidency in …

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Ghana to support Saudi Arabia host 2030 World Expo in Riyadh

President Nana Addo Dankwa Akufo-Addo has expressed the endorsement of his Ghana towards the bid of the Kingdom of Saudi Arabia to host Expo 2030. The President made this pronouncement during a meeting with Ahmad Bin Abdul Aziz Kattan, Advisor at the Royal Court of the Kingdom of Saudi Arabia, …

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Using E-Levy as collateral for loans unacceptable – Ato Forson

Former Deputy Finance Minister, Cassiel Ato Forson, has bemoaned the government’s decision to use the E-Levy as collateral for loans. In a post on his Twitter handle, Ato Forson said that the move will worsen the country’s debt challenge which is the main cause of the current economic hardship being faced …

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UTAG returns to teach as impasse resolved

The grievances of the members of the University Teachers Association of Ghana (UTAG) have been resolved and all will be returning to the lecture halls to continue teaching, a National Executive Committee (NEC) member has said. Dr Asare Asante-Annor, who is the National Secretary of UTAG, told Alfred Ocansey on TV3‘s News 360 on Friday, …

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Government engages five airlines to evacuate Ghanaians from Ukraine

Deputy Minister of Foreign Affairs and Regional Integration, Kwaku Ampratwum Sarpong has revealed that government has engaged five different airlines to evacuate Ghanaians from Ukraine back home. He said in the next four days beginning today Friday, March 4, there will be arrivals of Ghanaians from Ukraine every day until …

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LPG price up 5% after fuel price, transport fare hikes

LPG consumers will, henceforth, be paying 5 per cent more for the same quantity of the fuel they purchased previously, as the price of the commodity shoots up from today, Thursday, 3 March 2022, as a result of the restoration of the Price Stabilisation and Recovery Levy (PSRL) on fuel …

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Power thieves in Tema region billed over GH¢6million

General Manager of the Tema region of the Electricity Company of Ghana, Ing. Emmanuel Akinie, has indicated that, as part of the company’s effort to solve the issue of power theft in the region, a number of customers were apprehended last year and billed over GH¢6 million. “We were able …

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