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BUSINESS

Kelni GVG deal has saved Ghana $66m – Ursula

Minister of Communication, Mrs Ursula Owusu-Ekuful, has disclosed that Ghana has saved US$1.1 million monthly since the introduction of the Kelni GVG Common Platform. She explained that, over the five-year contract period, “a total savings of US$66 million” would have accrued. Kelni GVG was a government contract worth US$89 million in …

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[VIDEO]: Meet the 11 Year Old female Barber In Ghana

While most teens in Junior High School or Primary are beginning to think about what they want to do as work in future, a Yawamatwa 11-year-old girl is well into her aspiring career after finding her niche at a barbershop. The 11-year-old barber identified as Suzy Armah was spotted at …

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Food prices in Kumasi remain generally stable

Food prices in the major and satellite markets in the Kumasi Metropolis, have generally remained stable over the past few weeks, despite the recent increases in lorry fares across the country. A market survey conducted by the Ghana News Agency in Kumasi has indicated that prices of most vegetables and …

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It’s senseless spending GH¢22 billion to pay depositors – John Mahama

Former President John Mahama has criticized the way and manner the Akufo-Addo administration handled the banking crisis. He said the government could have spent GH¢9 billion to save the banks rather than allowing them to collapse and to pay deposits of customers to the tune of GH¢22 billion. In 2017, …

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No roads, no electricity to show for govts extreme borrowing – Mahama claims

Former President, John Mahama has said the Akufo-Addo administration has borrowed more than any other government since independence yet with no corresponding projects. He said the government would have been pardoned for what he described as excessive borrowing if there were development projects to show for. In his view, the …

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Increasing debt levels worrying – IFS

Government’s policy to reduce the Communications Service Tax (CST) to 5 percent, provide free water for another three months, and pay the electricity bills of lifeline consumers and other fiscal populist strategies should be scrapped as the economy cannot raise enough revenue to support it, hence, increasing debt levels, the …

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Elections 2020: God said I should deliver a message to Mahama – Obinim speaks

Bishop Daniel Obinim, who is popularly known as angel Obinim has resurfaced with his message to the former President John Dramani Mahama. Speaking on his personal OB Television, the CEO of international God’s way church shared his vision for John Dramani Mahama ahead of the Presidential and Parliamentary elections slated …

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ECOWAS Bank Injects Over $300million Into Ghana’s Economy

ECOWAS Bank for Investment and Development says it has invested over $300-million into Ghana’s economy. Areas of investment, the bank said to include, Energy, Trade, Technology, Tourism, and hospitality industry.Dr. George Nana Agyekum Donkor, the President of the Bank, made this known when he and other staff of the bank …

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Our strengthened supervisory role led to closure of 420 banks, financial institutions – BoG

The Bank of Ghana (BoG) has said it has continued to strengthen its regulatory effectiveness to help achieve its financial stability objective. In a statement to mark the 63rd anniversary of the central bank, the BoG noted that the scale-up of the supervisory role has been seen in the closure of 420 …

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GRA denies ‘misleading reports’ about 45% shortfall in revenue target

The Ghana Revenue Authority (GRA) has said media reports that the Tema Collection of the Customs Division has failed to meet its revenue target by 45% are false and misleading. According to the GRA, the malicious reports sought to blame the deployment of the Integrated Customs Management System (ICUMS) at …

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