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eineken NV offered to buy South African wine and spirits maker Distell Group Holdings NV for 2.2 billion euros ($2.5 billion), the Dutch brewer’s most significant acquisition since 2018. Join heated discussions with the Moneyweb community, and get full access to our market indicators and data tools while supporting quality …
Read More »GRA scraps ‘benchmark’ on 32 items; prices of building materials, other prices to shoot up
The Ghana Revenue Authority (GRA) has announced that the implementation of the removal of benchmark values on some 32 categories of items, will begin from Monday, 15 November 2021. A letter written to Finance Minister Ken Ofori-Atta to that effect dated 11 November 2021 and signed by Commissioner-General Rev. Ammishaddai Owusu-Amoah, said: …
Read More »Akosombo town to be redesigned into technology and industrial hub
The Volta River Authority (VRA) says it is set to redesign Akosombo town into a modern community with an industrial and technological hub under its smart city project in line with its digitalization agenda. Without compromising the environmentally friendly nature of the Akosombo area, the redesigning project is expected to …
Read More »US$40 million ‘incompatible’ ECG meters abandoned at Tema – NPP MP ‘blows alarm’
The Member of Parliament (MP) for Nsawam Adoagyiri, Frank Annor Dompreh, has said he is embarking on a crusade against Energy Minister Matthew Opoku Prempeh over some abandoned electricity meters at the Tema Port. The Meters were procured by ECG at a cost of $40 million in 2016. Speaking to …
Read More »Pay contributions of workers on their right earnings – SSNIT warns
The Social Security and National Insurance Trust (SSNIT) has implored employers to pay the contributions of workers on their right earnings to enable them to get a decent pension on retirement. Dr John Ofori-Tenkorang, the Director-General of SSNIT, who made the call, said the amount a retiree received as pension …
Read More »GRIDCo plans ‘dumsor’ as 2 towers on 330kV Aboadze-K’si transmission collapse
Power transmitter Grid Company Limited (GRIDCo) has said it is planning a load management programme following the collapse of two of its towers. GRIDCo, in a statement issued on Wednesday, 10 November 2021, said at 15:40 GMT on Tuesday, 9 November 2021, a communication mast collapsed and fell on the …
Read More »We’ve not decided to increase transport fares yet – GPRTU
The Ghana Private Road Transport Union (GPRTU) has refuted claims that it was planning to increase transport fares following the recent increment in petroleum prices. The Public Relations Officer (PRO) of GPRTU, Alhaji Ibrahim Abass Moro said has said Ghanaians were already overburdened and an increment would worsen their plight. …
Read More »Check out how much Ghana spends on fish imports yearly
Ghana currently imports 60 per cent of local fish requirements annually, amounting to $150 million in real terms. The country consumes a million tonnes of fish a year, but can only supply between 400,000 and 420,000 tonnes per annum. The Secretary of the Ghana Tuna Association (GTA), Richster Nii Armah …
Read More »Explain why there are levies on fuel prices despite Ghana drilling oil – Nana Akomea to govt
• The increment in fuel prices has generated criticism for the government. • Critics say the government is being insensitive to the plight of Ghanaians • Nana Akomea believes it will be in the interest of government to explain to Ghanaians why it cannot remove the taxes Leading member of …
Read More »Energy legacy debt cleared – President Akufo-Addo
President Akufo-Addo has disclosed that the government has settled the Energy Legacy Debt. The President made this known during the swearing-in ceremony of the Governing Board of the Public Utilities and Regulatory Commission at the Jubilee House. Ghana’s energy sector is believed to be plagued with billions of accumulated debt …
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