BUSINESS

The Bank of Ghana has abolished some unfair fees and charges among other practices in the banking sector, in an effort to protect the public. In a notice, the central bank highlighted that maintenance fees on savings accounts charged by financial institutions are prohibited. “Always look out for debits on …

  In 2016, the future looked bleak for young Lawrence Selorm Attipoe. At age 19 and a Level 200 student at the University of Professional Studies, Accra (UPSA), he was being accused of robbery, indecent assault, and defrauding by false pretences. But fate had different fortunes for him. Because he …

Dr Charles Wereko-Brobby, a leading member of the governing NPP, has hinted that the country will be returning to dumsor – an era of scheduled power outages – if some solutions are not offered to the increasing demand for electricity. Speaking to Joy News on Tuesday, May 10, Tarzan as …

The members of the Mobile Money Agents Association of Ghana (MMAG) have thrown their weight behind the electronic transfer levy popularly known as the E-levy. In a meeting with His Excellency Nana Addo Dankwa Akufo-Addo at the Office of the President, Jubilee House, on May 10, 2022, the General Secretary …

The Ghana Road Transport Coordinating Council (GRTCC) has urged the general public, commuters and drivers in particular to disregard the purported transport fare increase of 20%. According to GRTCC, transport fares are determined by stakeholders and not any single body as seen in the case of recent increments. “We wish …

There’s been an astronomical increase in the price of diesel. This comes after the Institute of Energy Security (IES) projected that, Ghana is likely to face a shortage of diesel due to Russia’s invasion of Ukraine. Diesel, which was previously sold at GH¢10.70 pesewas now sells at GH¢11.24 pesewas at …

Former Stanbic Bank chief makes strong case for Islamic banking Renowned economist and banker, Alhaji Alhassan Andani has reiterated the importance of Muslims practicalising their faith in all aspects of their lives. The one-time CEO of Stanbic Bank Ghana stressed that an important part of manifesting the Islamic faith is …

The Ghana Private Road Transport Union has announced that transport fares would go up by a 30% margin starting Friday, May 13, 2022. The GPRTU has explained that their resolve to increase fares is due to a rise in fuel prices in the last few months. “We have been forced …

Members of the Concerned Drivers Association of Ghana have increased transport fares by 20 per cent. They cite the high cost of fuel in the country as the main reason for this increment. Public Relations Officer of the Association, David Agboado said on the mid day news on TV3 Saturday May 7 …

Mr Irchad Razaaly, The European Union (EU) Ambassador to Ghana, says Ghana’s economy is “bouncing back” despite current economic challenges. Speaking at a Breakfast Meeting with editors in Accra on Friday, May 6, 2022, Mr Razaaly said Ghana’s recent removal from the EU’s Money Laundering list was indicative that the …