BUSINESS

Fuel is one of the racing products in Ghana today as far as price hikes is concerned and drivers, private and commercial have become very worried. The prices of crude oil, Brent, gasoil and gasoline have witnessed a sharp increase due to Russia’s invasion of Ukraine in the past few …

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 …

An Economist with the University of Ghana Business School is suggesting that the abolishment of road tolls is having an effect on the resources of the country, therefore, whoever is responsible must be surcharged with the revenue loss to the state. Lord Mensah, who was speaking on Joy FM’s ‘Top …

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 …

The Ghana Water Company Limited (GWCL) has taken steps to reduce water unaccounted for, otherwise known as non-revenue water – which currently stands at 40 percent of its production – with the introduction of new technology by the city of Aarhus, Denmark. Non-revenue water is when water produced into the …

The Automobile Dealers Union of Ghana has hinted at a possible increase in the cost of imported vehicles into the country from March this year. According to them, this is due to government’s downward review of the benchmark values discount on vehicle imports. In an interaction with Citi Business News, …

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 …

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 …

President Nana Akufo-Addo has bemoaned the high cost of properties in Ghana and urged the Ghana Chamber of Construction Industry to find innovative ways to build less costly properties for Ghanaian citizens so more people can own homes. The President told the Chamber at a meeting: “I hear in Ghana, …

The High Court in Accra has ordered a subpoena to be served on the Governor of the Bank of Ghana Dr Ernest Addison to appear or instruct its official to appear before it on March 10, 2022. The court said the Governor or his office is to appear to produce statements …