BUSINESS

On March 2, 2017, Finance Minister Ken Ofori-Atta presented the Budget Statement and Economic Policy of the government to Parliament and secured approval. Page 102, paragraph 468 of the document highlighted the need to shift Ghana’s energy sources to renewables. Captured in the document, Mr Ofori-Atta stated: “In 2017, the Ministry will assist Bui …

Finance Minister, Ken Ofori-Atta, has revealed that the government has “formally granted the Kantanka Group a licence to continue its auto assembly operations in Ghana.” The Kantanka Group, an indigenous automobile assembling company in Ghana, Mr Ofori-Atta intimated, will also be a beneficiary of the Ghana Automotive Manufacturing Development Policy, which, …

The Ghana Union of Traders Associations (GUTA) has called off their nationwide strike which was supposed to take effect Wednesday, July 29, 2020. President of the Association, Dr Obeng, explained that the cancellation of the exercise comes after the Trade Ministry met with the national executives to find a lasting …

Independent Power Producers in Ghana have said if the government fails to pay some GH¢ 1.4bn owed them “as soon as possible”, they cannot promise uninterrupted power supply. The Chief Executive Officer of the Chamber of Independent Power Producers, Power Distribution Companies and Bulk Consumers, Ghana (CIPBiD), Mr Elikplim K. …

Liverpool midfielder Fabinho’s home was burgled as the footballer celebrated the team’s Premier League win. Thieves broke into the Brazilian’s home on the day the Reds were presented with the trophy for their first top-flight win in 30 years. Items of jewellery and an Audi RS6 were stolen during the raid …

Government of Ghana has spent an amount of GH¢13.6 billion in the first quarter of 2020 as a result of the financial sector clean-up exercise undertaken by the central bank, the Bank of Ghana (BoG). According to the Finance Minister, Ken Ofori-Atta, the said amount, representing 3.5 percent of Gross Domestic Product (GDP), …

ome members of the Ghana Union of Traders Associations (GUTA) on Friday, July 24, 2020, clashed with Nigerian traders who are operating illegally at the Kwame Nkrumah Circle despite GUTA’s directive for them to remain closed until they provide legal documents. The scuffle once again was about the infiltration of …

The government’s programme of subsidizing electricity consumption for the next three months is estimated to cost 60 million Ghana cedis, Deputy Minister for Energy, William Owuraku Aidoo has disclosed. President Akufo-Addo in April this year announced the reduction of electricity tariffs by half and provision of potable water for free …

A former Deputy Minister of Finance Casiel Ato Forson, has said the mid-year budget statement presented to parliament on Thursday July 23 by Finance Minister Ken Ofori-Atta is disappointing. He said there is nothing good in the budget for the ordinary Ghanaians. “I am disappointed as a Ghanaian and I am disappointed …

Markets and lorry parks in the Ahafo Region on Thursday had their turn of the on-going second nationwide disinfection, fumigation and clean-up exercise, aimed at curbing the spread of the novel coronavirus disease of 2019 (COVID-19) epidemic in the region, and the country as a whole.   In all, a …