BUSINESS

Otumfuo urges businesses to spread across regions to expand economy

The Asantehene, Otumfuo Osei Tutu II, has advised businesses to recognise their operations as contributing to the growth of Ghana’s economy. He said economic growth created wealth, some of which went directly into the pockets of workers to improve their well-being. Hence, he said, businesses were expected to grow and expand …

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E-Levy still ‘missing’ in Parliament

The Electronic Transaction Levy Bill, popularly known as e-levy, will not be tabled in Parliament anytime soon. This is because it was not included in the Business Statement for next week. The controversial bill has not been considered by the plenary despite surviving the Finance Committee’s deliberation. It was tabled …

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Aliko Dangote loses US$500 million as cement firm shares fall

African billionaire businessman Aliko Dangote has seen his net worth fall by more than $500 million in the past 27 days, as shares of his flagship company, Dangote Cement Plc, dropped by a single-digit percent on the Nigerian Exchange. Dangote, the continent’s wealthiest man who has retained his position for …

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3 members of UEW UTAG dissociate themselves from Association

Three members of the University of Education, Winneba’s branch of the University Teachers Association of Ghana (UTAG) have disassociated themselves from the Association. They are Prof. Samuel Asiedu Addo, Dr Samuel Ofori Bekoe and Dr Frimpong Kaakyire Duku. The group of three in a rejoinder stated that their decision is …

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15% hike in transport prices comes into effect

The cost of transport services across the country have gone up 15% effective today, February 26, 2022. This comes after the transport operators in Ghana on Monday February 21, 2022, agreed to the rise in fares. According to the Road Transport Operators Union, the increment falls in line with administrative …

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Ghana textiles staff want MD sacked

Staff of the Ghana Textiles Limited (GTP) have embarked on a demonstration to draw the attention of the government to remove Madam Fatoumata Doro, the Managing Director. The staff, clad in red bands, closed the main entrance of the company and prevented vehicles from entering the premises. Holding placards, the …

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UPSA-UTAG also rejects suspension of strike

The University of Professional Studies Accra (UPSA) branch of the University Teachers Association of Ghana (UTAG) has rejected the decision by the National Executive Committee (NEC) to suspend the strike. One Hundred and Seven members of the UPSA-UTAG, out of the total of 170 members voted on Friday, February 25 …

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UTAG-KNUST votes to reject NEC’s decision to suspend strike

The University Teachers Association of Ghana (UTAG) chapter at the Kwame Nkrumah University of Science and Technology (KNUST) has voted to reject the decision by the National Executive Council (NEC) to suspend its strike action. NEC early this week announced through a statement after an emergency meeting that the over …

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Komenda Sugar Factory cannot restart operations in April – Minority

Minority in Parliament have said it is highly unlikely for the Komenda Sugar Factory to be operationalized in April this year. This comes after President Nana Addo Dankwa Akufo-Addo disclosed that the factory was going to start operations in April this year. While addressing delegates from the Komenda Traditional Area, the President …

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Oil rises as Russia invasion nears Ukraine capital

Oil prices rose on Friday amid investor concerns over tightening supplies as Russian’s invasion of Ukraine entered its second day. The price of Brent crude oil rose by more than 2% to $101 (£75) a barrel as fighting appeared to intensify near the Ukrainian capital, Kyiv. But stock markets in …

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EOCO alert! These two companies are ponzi schemes

The Economic and Organised Crime Office (EOCO) is cautioning the general public to desist from investing and patronising services of Royal Gardens Network and Hubtel Mobile Money Lending. According to the state’s organised crime-combatting agency, its checks have established that the two firms are registered neither with the Bank of …

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Komenda group welcomes new date for operationalisation of sugar factory

A pressure group calling itself, Fix Komenda Sugar Factory in the Central Region has welcomed the decision by President Nana Addo Dankwa Akufo-Addo to operationalize the dormant sugar-producing factory after six years. The pressure group over the years has been pushing for the operationalization of the multi-million-dollar sugar factory built …

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Ghana is ‘broke’, support E-Levy – Ken Ofori-Atta

Minister of Finance, Ken Ofori-Atta, has admitted to the dire economic challenges Ghana is faced with. According to him, the nation currently is unable to undertake or continue developmental projects, implement salary increments due to a lack of funds. Making his submission at a Government Town Hall meeting in Wa …

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GUTA to export products of 1D1F companies

The Ghana Union of Traders Association (GUTA) says it has positioned itself to support Ghanaian manufacturing companies to export their products to countries they import from. This is to support the Government’s One District-One Factory (1D1F) initiative, promote Ghanaian products, help in shoring up the country’s foreign exchange and address …

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Prices of food items go up in Kumasi

Prices of fruits and vegetables have generally gone up in the Kumasi metropolis, a visit to some market centres in the metropolis by the Ghana News Agency, has revealed. While some of the traders are blaming the situation on the changes in the weather pattern, others are attributing it to …

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Pig head in basin found at basic school at Mpintsin

Teachers and pupils of the Mpintsin AME Zion Basic School in the Sekondi-Takoradi metropolis of the Western Region were left in a state of fear and trepidation on the morning of Tuesday, February 22 when they went to school. Sitting in the middle of the school’s compound was a small …

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KNUST to resume lectures on February 24

The Kwame Nkrumah University of Science and Technology has announced the date for the resumption of academic activities. In a letter addressed to members of the university community, it noted that in line with the suspension of the UTAG strike, lectures and all academic activities will commence on Thursday February …

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Seven children die of severe acute malnutrition in Ketu South

The Ketu South Municipality lost seven children to Severe Acute Malnutrition (SAM) in 2021. The deaths caused by the life-threatening condition because of low weight for height or by the presence of nutritional oedema were the highest in the last three years. Records of in-patient management of SAM at the …

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A/R: SHS Students bemoan delayed funds, food shortages

The various Student Representative Councils (SRCs) in the Ashanti region are demanding immediate action to halt the funding delays and food shortages affecting Senior High Schools (SHS) in the region. The student body made the call in its address to mark the opening of its 25th Congress and launching of …

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Meet the 10 richest investors on the Ghana Stock Exchange in 2022

Despite the impact of the COVID-19 epidemic on financial assets, company operations, and financial performance, the Ghana Stock Exchange is ready for a fresh start after providing outstanding profits to investors and other market players in 2020 and 2021. The GSE Composite Index (GSE-CI), a weighted index comprised of all listed ordinary …

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UTAG calls off strike for a week

The University Teachers Association of Ghana (UTAG) has announced a short window of opportunity for the government to finally resolve its long-standing feud with it. This is coming on the back of the announcement by the teachers group that it had agreed to call off the strike. This was announced …

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Bawumia concerned about high fuel prices

Vice President Dr. Mahamudu Bawumia has attributed the consistent increase in fuel prices to the transition in energy usage to renewables by the global community. He has therefore directed the Ministry of Energy and other allied ministries to formulate strategies that will address prices in fuel and also the use of …

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