BUSINESS

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. The Month-on-month inflation between December 2021 and January 2022 was 2.1% . Two Divisions (Housing, Water, Electricity, Gas and Other Fuels, and Transport) recorded inflation rates above …

Commercial drivers are demanding the immediate disengagement of the Minister for Roads and Highways, Kwasi Amoako-Attah over his statement of converting the abandoned toll booths in the middle of the roads across the country into places of convenience. According to the commercial drivers, the statement attributed to the Minister is distasteful …

In the past few weeks, Finance Minister, Ken Ofori-Atta, noted that government would not go back to the International Monetary Fund (IMF) for a financial bailout. He added that it is for this reason that government wants to implement the E-levy to rake in revenue to solve most of the …

The Coalition of Transport Operators says it will propose to government a 30% rise in fares. According to the coalition, the increment will help boost the operations of its members amidst recent hikes in fuel prices. This decision was reached after a 16 member transport union including Ghana Private Roads …

The Government of Ghana through the Ministry of Finance has said Moody’s downgrade of the local economy to Caa1 smacks of contradiction. In a statement issued on Sunday February 6 reacting to the downgrade on Friday February 4, the Ministry said the government finds it difficult to understand the international …

The Coalition of Transport Operators have told commuters to brace themselves for a 30% increment in transport fares from next week. The development comes after some 16-members of various transport unions met on Thursday February 3 2022 and reached a consensus to implement the price hike due to increasing fuel …

Prices of fuel have gone up at the pumps across the country because the Price Stabilization and Energy Recovery levy, which is a key component of the fuel price build-up, has been restored by the National Petroleum Authority (NPA) after it was suspended for about three months. The levy was …

The World Bank and Economic and Finance experts say Ghana does not require an International Monetary Fund (IMF) programme to guarantee a strong economic footing to accelerate its national development. They said though a programme with the IMF would be helpful in debt management, it would only provide a short-term …

Tullow Oil plc CEO Rahul Dhir has said 2021 was a year of positive change and transformation for the oil company, and “we ended the year on a firm financial and operational footing”. Mr Dhir said the delivery of Tullow’s “long-term business plan is progressing well with significant improvements in …

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