BUSINESS

President Nana Addo Dankwa Akufo-Addo has assured of efforts being made to curtail the ongoing depreciation of the country’s local currency against the United States Dollar. Since the beginning of this year, the Ghana cedi has depreciated by 4.70 percent in 45 days to the US dollar while selling on the …

Labour Expert, Dr. Gideon Mensah Anapey says the continuous labour agitations and strike actions across the country are as a result of worsening conditions of service of workers. Speaking to Lantam Papanko on Starr Today, Gideon Mensah said resorting to legal gymnastics would not be the best way to solve …

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 …

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 …

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¢ …

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 …

A new World Bank report has revealed that Ghana had accumulated significant government arrears prior to the COVID-19 pandemic. This is far higher than the projected arrears post-COVID-19. The report, dubbed: “Finance for an Equitable Recovery”, indicates that the percentage of the country’s arrears was estimated at almost 5% of …

The Ghana Private Road Transport Union (GPRTU) has reminded commuters to expect an increase in transport fares from Saturday, 26 February 2022. Speaking in an interview, the Union’s Public Relations Officer, Mr Imoro Abbas said they are currently engaging the government on what percentage the upward adjustment should be. “We …

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 …

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 …