BUSINESS

Nana Akyaa Obeng-Adiyiah appointed as Deputy CEO of GEXIM Bank

Mrs. Nana Akyaa Obeng-Adiyiah has been appointed as the Deputy Chief Executive Officer (Finance and Administration) of Ghana EXIM Bank. Her appointment takes effect from 23 February 2022. She is a seasoned Banker, Development Finance Expert and Business Development Strategist. She has over 15 years’ multi-sectoral corporate experience, of which …

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Support GHS to eradicate unsafe abortion – UWR Deputy Director of PH

The Deputy Director of Public Health at the Upper West Regional Health Directorate, Dr Richard Wodah-Seme has called on stakeholders to support the Ghana Health Service (GHS) to eradicate unsafe abortion in the region. The Deputy Director enumerated that between 2017 and 2021, the region recorded 1,750 incomplete unsafe abortions …

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Ofori-Atta to fall on petroleum sector if E-levy fails

The Finance Minister, Ken Ofori-Atta, expressed optimism that the E-levy policy will be approved but, in the event, it does not go through, he said, the government will turn to the petroleum sector for revenue. According to him, he is still surprised at the dissenting voices in relation to the proposed …

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Ofori-Atta gives alternative if E-Levy fails

The Finance Minister, Ken Ofori-Atta, is still surprised at the dissenting voices in relation to the proposed E-levy in the 2022 budget statement. He, however, expressed optimism that the policy will be approved but, in the event, it does not go through, he said, the government will turn to the …

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55% of lenders have defaulted – MASLOC CEO

CEO of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah, has indicated that 55 percent of lenders have failed to pay back the loans given to them by the centre. According to her, out of the over GH¢200 million loans given out by MASLOC, only GH¢ …

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NLA gives gov’t ¢10m for Youstart programme

The National Lottery Authority (NLA) has presented a cheque of GH¢10,000,000.00 to the Ministry of Finance as their contribution to the YouStart programme to tackle the high youth unemployment in the country. The cheque was presented by His Eminence, Torgbui Francis Nyonyo, a member of the Counsel of State representing …

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Ghana’s richest investor in banking is worth over US$9 million – Report

Wealthy Ghanaian businessman Daniel Ofori’s investment in Ghana’s fourth-largest bank, Societe Generale Ghana, is now worth GH¢57.9 million (US$9.03 million), owing to a rise in the firm’s shares in 2021. Societe Generale Ghana, a subsidiary of the French international investment bank Societe Generale, operates as one of 17 operational divisions …

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NAGRAT strike looms over deletion of names of teachers from payroll

The National Association of Graduate Teachers (NAGRAT) will soon go on strike unless names of teachers deleted from the government’s payroll unfairly are restored. This has been hinted by NAGRAT President Angel Carbonou. Speaking to journalists in Accra on Thursday, February 17, 2022, the NAGRAT leader described the reasons given …

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Snakebites kill teachers in Afram Plains

Two teachers in Afram Plains in the Eastern Region of Ghana, have died as a result of their inability to receive medical care in that part of the country after they suffered snakebites. The Basic Education Coordinator for the Afram Plains North District, Taihdu Mohammed, while speaking in an interview …

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We don’t know of any transport fare increment – GPRTU

The Ghana Private Road Transport Union has denied knowledge of any increment in transport fares. The Unions stated that it is not aware of any 30% increment in fares. This follows a press release from the Members of the Private Commercial Transport Operators announcing a 30% increment in transport fares …

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Ghana driver unions divided over proposed transport fares

Driver unions in Ghana are sharply divided as a section of the unionized coalition has broken ranks to announce a 30 percent increment in the fares despite an engagement with the government. The Ghana Private Road Transport Union (GPRTU) for instance has announced that commuters should expect an increment in …

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No increment in transport fare yet – GPRTU urges public

The Ghana Private Road Transport Union (GPRTU) has urged the public to disregard reports suggesting that transport fares will go up by 30 percent tomorrow, Friday, February 18, 2022. The Union said it would conclude its negotiations with the Government on Monday, February 21, 2022, after, which it would officially …

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Online businesses to be taxed from April 1

The Ghana Revenue Authority (GRA) says plans are far ahead in taxing electronic commerce and online businesses from April 1, 2022. The move, according to the GRA, is part of efforts to achieve the GHC80.3billion tax revenue target for the year 2022. The GRA Commissioner-General, Ammishaddai Owusu-Amoah speaking at the …

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Pamela Djamson-Tettey appointed new MD of Ghana Airports Company

The Board of the Ghana Airports Company Limited (GACL) have appointed a new Managing Director in the person of Madam Pamela Djamson-Tettey. She assumes the seat vacated via resignation by Yaw Kawkwa, the outgoing Managing Director whose ‘sacking’ was embroiled in controversy weeks ago. Read the GACL statement below: A …

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Private Transport operators announce 30% increase in fares

The association of Private Commercial Transport Operators has announced it is increasing transport fares by 30 percent follwing recent increase in fuel prices. The group has directed its members to effect the increment by Friday February 18,2022. “We, the members of the Private Commercial Transport Operators, wish to inform the …

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Commodities whose prices have skyrocketed in 2022

It’s been just two months since the year 2022 began but prices of goods and services have started shooting up aggressively. The national year-on-year inflation rate was 13.9% in January 2022, which is 1.3 percentage points higher than the 12.6% recorded in December 2021. Inflation is the rise in the …

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