BUSINESS

The Electricity Company of Ghana (ECG) Tema Regional office has recouped close to GH¢8 million from power theft in the year 2020. The recovery has been realised through a stepped-up routine operational surveillance by the power distributor to breach the surging loss of revenue due to power siphoning. The Tema …

Members of the National Drivers Association of Ghana have announced that there will be 10 percent increment of transport fares on February 22, 2021. This decision, according to the drivers, was informed by the increment of some taxes at the DVLA and the ports. “As we speak, the service charge …

New data released by the Bank of Ghana suggests that Ghana’s economy may have begun a rebound from the contractions it suffered during the second and third quarters of 2020 as a result of the adverse impact of COVID-19 and the requisite socio-economic restrictions imposed by government to curb the spread of infection. The …

The price of fuel on the local market remained largely stable within the first pricing window, the Institute of Energy Security has said. In a statement, IES said the price of petroleum products within the first pricing-window of February 2021 saw few Oil Marketing Companies (OMCs) increasing their figures marginally …

The Inspector-General of Police (IGP), Mr James Oppong-Boanuh, has promised to provide police escorts for members of the Ghana National Tomato Traders and Transporters Association to protect them against armed robbery attacks on the Kumasi-Bolgatanga-Burkina Faso highway. This follows a petition presented to the IGP by the tomato importers and …

Some people are so sad that their accounts have been closed by some banks following their involvement in cryptocurrency. This has attracted mixed reactions from some customers, having them talking unceasingly. In more detail, the report available has it that Access Bank, GTBank and UBA begin closing customer accounts that …

Civil Society Organizations critical of the Agyapa Royalties deal say Databank’s withdrawal of its services as transaction advisors does not resolve issues of bid-rigging and other alleged improprieties. According to the group, the timing for the development smacks of an attempt to “preempt the discussions” to be possibly put before …

More than 15,000 direct and indirect jobs are currently being affected negatively due to the failure of Ghana and UK to sign a post-Brexit trade agreement that allows Ghanaian fruit producers’ tariff-free access to the UK market as exists under the Economic Partnership Agreement (EPA). Ghana and UK failed to …

The Chief Executive Officer of Dalex Finance, Ken Thompson, has said there is no way customers of the defunct gold dealership firm, Menzgold, will recoup their lost investments. Unless out of sympathy the government decides to pay them their locked-up funds, they should not think of being able to recover their …

Rates of Treasury securities have fallen as government recorded 96% oversubscription of its latest Treasury bills sale, figures from the Bank of Ghana have revealed. The figures further indicated that investor interest in the government’s short term securities continues to soar, particularly the three-month T-Bills. However, the government’s decision to …