BUSINESS

Minister of Finance Nominee, Ken Ofori-Atta has urged players in the petroleum sector to join hands in order to address the challenges there. Speaking at a KPMG post-budget forum, Mr Ofori-Atta stressed the need to collaborate with entities like oil marketing companies to manage issues like leakage in petroleum distribution. He said …

Former Minister of Finance, Seth Terkper, has described the 2021 Budget as an Austerity Budget since it lacks the Management of Expenditure Statement, which has been missing since the 2018 budget. Speaking on GBC’s Current Affairs Programme, ‘FOCUS’, Mr. Terkper said challenges with the Economy started before the outbreak of COVID-19 and asked …

Ghana’s quest to serve as a hub for petroleum products in the sub-region received a major boost following the revival of the Bolgatanga Depot of the Bulk Oil Storage and Transportation Company Limited, BOST. The facility, which has a capacity to hold about 46.5m litres of petroleum products, has been …

Management of Ghana Water Company Limited (GWCL) has begun rationing water nationwide due to the low level of water at the treatment plant. According to the Managing Director of GWCL, Clifford Braima, high demand and power challenges contributing to water shortages. “Of late, we have had some power challenges and …

Minister of Energy, Dr. Matthew Opoku Prempeh, has warned workers of Tema Oil Refinery (TOR) that government will not hesitate to dismiss anyone who seeks to sabotage the operations of the refinery. According to him, he would not shield any worker of the refinery including management, whose operations would go to …

MTN MoMo has announced that effective 2nd April 2021, all MoMo customers will be required to present valid ID cards before any MoMo cash-out (withdrawal) transaction can be processed. As a result of this directive, all MoMo agents will be required to select the ID type and enter the ID …

Finance Minister-designate, Ken Ofori-Atta has justified the 1 percent COVID-19 levy introduced in the 2021 budget statement following the agitation over the new tax. Ofori-Atta believes this will among other things prop-up the health system against the pandemic and also support the payment of COVID-19 vaccines imported into the country. …

Russian President Vladimir Putin likely authorised attempts to influence last year’s US election in favour of former President Donald Trump, intelligence officials say. Moscow spread “misleading or unsubstantiated allegations” about the eventual winner, Joe Biden, according to a US government report. But it said no foreign government had compromised the …

The Road Transport Operators Union has, in a statement, urged the general public to disregard the recent arbitrary increase in road fares by some commercial vehicle drivers. They have described the increase in fares as “unfounded” and in contravention of how transport fares are determined in the country. According to …

A year ago, Ghana’s President Nana Addo Dankwa Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. But his visit may not have gone as his host would wish as he announced that his country will soon end the process of selling …