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BUSINESS

Gov’t cancels guarantor policy to access student loan

Government has cancelled the policy which required students to provide three guarantors to secure a loan. Ghanaian tertiary students will no longer require three SSNIT contributors as guarantors before they can secure student loans to pursue tertiary education. Prior to election 2020, the New Patriotic Party (NPP) promised to cancel …

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Kumasi Central Business District flooded

Parts of the Central Business District of Kumasi in the Ashanti Region on Thursday June 9, 2022 flooded heavily following a pipe burst in the city. Several thousands of gallons of treated water were seen gushing out at a place between the new Kejetia Market and the Kumasi Central Market …

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US$10m Buipe Sheanut factory grounded for 2 years – Reports

The Executive Director of a Think Tank, Baskin Africa, Mr Issifu Seidu Kudus Gbeadese has disclosed that the Buipe Sheanut Factory which was set up and commissioned in 2012 by former President John Dramani Mahama, to add value to the sheanuts for exports has been grounded. In a write up on …

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Corruption allegations against Tinubu linger as 70-year-old ex-Lagos governor becomes ruling APC Presidential candidate

Despite court cases of alleged massive frauds hanging on his neck, former Governor of Lagos State and National Leader of the All Progressives Congress, Bola Tinubu was on Wednesday officially declared the presidential candidate of the party. Tinubu polled 1,271 votes at the election which was held at Eagle Square, …

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Food, transportation costs push Ghana’s inflation to 27.6% for May – GSS

Ghana’s inflation rate for May this year reached 27.6 percent from an earlier 23.6 percent recorded in April, the Ghana Statistical Service has said. The hike was attributed to prices of food and transportation costs making it the highest rate recorded in more the 18 years since 2004. Government Statistician, …

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UKGCC To Hold 1st Royal Ascot Ladies Day in Ghana

The UK-Ghana Chamber of Commerce (UKGCC), a member-based trade association that promotes bilateral trade between the UK and Ghana, will on Saturday, 18th June 2022, host the first Royal Ascot Ladies Day Event in Ghana to celebrate the iconic annual UK cultural event. Ascot, one of Britain’s most well-known racecourses, …

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Government misses bond raising target again by 28%

For a third consecutive month, in May 2022, dampening liquidity conditions on the money market continued to weigh on government’s auction target as GH¢6.43billion target size was missed. A total amount of GH¢4.60 billion was raised from the market during the month under review, indicating a shortfall of 28 percent …

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Angry man pours hot water on friend for allegedly eating his bowl of rice

A 32-year-old homeless man is struggling to get medical care after his street friend poured hot water on him for allegedly eating his food. Francis Agyei, who denied eating his friend’s food, sustained severe burns to his mid-section and has since been admitted at the Komfo Anokye Teaching Hospital. But …

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Green Ghana seedlings not for sale; free for all – Lands Minister

Minister for Lands and Natural Resources, Samuel Abu Jinapor has cautioned Ghanaians not to pay any amount of money for seedlings to be planted on the Green Ghana Day, come June 10, 2022. He stressed that “the seedlings are not to be sold, they are for free, let no one lie to …

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Fertiliser sales hit lowest patronage as prices shoot up

Patronage of fertiliser for this year’s planting season is hitting a snag – an all-time low – as farmers are currently having difficulties procuring the commodity for crop production due to rising costs. Although there is an appreciable amount of fertiliser in the system, according to the Peasant Farmers Association …

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