BUSINESS

For a fourth consecutive month, inflation for locally produced goods has been growing faster than inflation for imported goods, although Ghana is an import-dependent country. Inflation for imported goods as at February was 5.9 per cent, well below the 8.6 per cent inflation for locally made goods. This is according …

Parliament of Ghana has passed the Customs Amendment Bill into law to regulate the country’s automobile industry. The law prohibits the importation of salvaged motor vehicles and specified motor vehicles over ten years of age into the country. It also seeks to provide incentives for automotive manufacturers and assemblers in the …

The International Monetary Fund is shutting down its local bureau in Accra in a move to test its ability to manage the coronavius pandemic. Staff in the Accra office were asked to work remotely and move operations online on Friday. Currently, no staff of the Fund in Ghana has been …

The Union and Professional Associations within the Ghana Civil Aviation Authority (GCAA) have threatened to withdraw some services which are critical to aviation safety from Monday, March 17, 2020. “The Union and Professional Associations within the GCAA wish to notify airlines and passengers travelling by air and the public of …

Parliament has passed the Customs (Amendment) Bill 2020, which seeks to ban importation of accident cars into the country. The law will prohibit the importation of specific vehicles of over ten years of age. The country is also expected to lose over Ghc802 million for the first three years in …

Member of Parliament for Jaman North and Deputy Bono regional minister, Hon. Siaka Stevens, has incurred the wrath of many in the constituency, particularly widows who have vowed to lead a campaign to unseat him in the upcoming elections. The aggrieved residents, who are eager to vote out Mr Stevens, …

Parliament has approved the three-in-one contract agreement between Ghana (Ministry of Energy) and Powerchina International Group Limited amounting to over 895 Million Dollars for the multipurpose Dam Project at Pwalugu. The Agreements are as follow: EPC/Tumkey Contract Agreement between the Government of the Republic of Ghana (represented by the Ministry …

The Management of Experts Consult Ltd has urge Ghanaian parents to accept autistic children. The call follows concerns of some parents abandoning children with the condition and treating them as cursed Experts Consult Ltd made the appeal after donating items including books, detergents and boxes of bottled water to the …

An Accra High court has ordered the Bank of Ghana to go back to arbitration with shareholders of unibank over the revocation of the bank’s license in 2018. The court has also directed the parties involved in the case to choose their own arbitrator in the matter. The court ruling …

Ghana is ranked 117th out of 133 countries on the 2020 Financial Secrecy Index (FSI), garnering a score of 52 and accounting for 0.01 percent of global market in offshore financial services. The FSI ranks each country based on the intensity of its legal and financial systems with a secrecy …