BUSINESS

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 …

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 …

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 …

On the Interbank forex rates from the Bank of Ghana today, February 17, 2022, the Ghana Cedi is trading against the dollar at a buying price of 6.3068 and a selling price of 6.3132. As compared to yesterday’s trading of a buying price of 6.2988 and a selling price of 6.3052. …

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 …

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 …

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 …

The Ministry of Fisheries and Aquaculture Development has been directed by the Public Accounts Committee of Parliament (PAC), to refund US$17,397 or its cedi equivalent to the government’s coffers within two weeks. The amount which was used for foreign travels by members of the ministry were not accounted for and was …

Ghana since 2019 has lost over 39,400 hectares of forest due to activities of cocoa production, this has been disclosed by global advocacy organisation, Mighty Earth in its latest report. The report dubbed ‘Sweet Nothings’ raises concerns on how cocoa is still driving the destruction of protected areas in cocoa-growing …

Data published by the Bank of Ghana have shown that consumers’ appetite for Internet banking has started slowing down. An analysis of the Summary of Economic and Financial data (January 2022) indicates that the growth rate of Internet banking – both in terms of value and volume – slowed in December, …