BUSINESS

Effective today, Saturday, 11 July 2020, commuters will be paying 15% more in transport fares following approval by the government for commercial transport operators to hike fares. A deputy Transport Minister, Nii Kwartei Titus Glover had told Citi News that the decision was taken after a meeting with transport operators on Tuesday, July 7, …

The Bulk Oil Storage and Transportation Company Limited (BOST) was fumigated and disinfected on Thursday to rid the company of any virus. The exercise was carried out in response to the recent case of some 46 staff testing positive for Covid-19. The company originally announced a temporary closure which took effect from …

The International Monetary Fund (IMF) has said all countries—including those that have seemingly passed peaks in COVID-19 infections—should ensure that their health care systems are adequately resourced. The IMF said in its ‘World Economic Outlook Update, June 2020’ that the international community must vastly step up its support of national initiatives, including …

The Ghana Union of Traders Association (GUTA) has dissolved the Greater Accra regional branch executive of the association. The decision was arrived at a crisis meeting by the National Council of Elders of GUTA in consultation with the National Executive Committee on Thursday, 9 July 2020. The Greater Accra Executive …

Former President John Dramani Mahama’s comment that appears to suggest that he is the one giving the ‘chance’ to women to climb the political ladder has sparked heated debate. After selecting former Education Minister Prof. Jane Naana Opoku-Agyemang as his running mate for the December general election, the NDC flagbearer …

The Member of Parliament for Asawase, Mr Muntaka Mukabarak, has said the decision by the Electoral Commission of Ghana to create registration centres in all the senior high schools to register SHS students is against Constitutional Instrument (CI) 91 that is governing this year’s elections. According to him, C.I. 91 …

Founder of McDan Group of Companies, Dr Daniel McKorley has expressed worry over the cumbersome processes business persons go through in accessing credit from Banks. He noted that the process to access fund is burdensome for ordinary SMEs describing their actions as frivolous. In his post on social media, the …

Energy think tank Institute for Energy Security (IES) has attributed the country’s energy sector debt largely to shoddy procurement processes, which often give way to non-transparency and political interventions. In an analysis of the sector, the IES said the energy sector is trapped in debt because procurement processes are mostly …

The Ministry of Finance has shut down its offices to allow ongoing mass testing of all staff working on site. To this effect, a memo by the ministry issued orders all staff to work from home, using the its approved digital channels, effective Monday, June 7, 2020. The ministry has …

The Ghana Cocoa Board (COCOBOD) on Tuesday said its head office in Accra will be closed from Wednesday, July 8, to Friday, July 10, for fumigation exercise after some staff tested positive for COVID-19. The Head Office would be opened on Monday, July 13, 2020, a statement copied to the Ghana …