BUSINESS

The Electricity Company of Ghana (ECG) says the recent power outages within its distribution network that hit some parts of the Greater Accra today, April 26, 2020 was a result of heavy rainstorms. According to a communique by the power distribution company, its engineers are working assiduously to rectify the …

Fall armyworms have started destroying farms in Ghana again, a statement from the Ministry of Agriculture has said, urging farmers to up their game in the fight against the crop-eating worms. The ministry said farmers should report signs of armyworm presence early for action against them. “Surveillance reports indicate pockets …

Oil producers in Ghana may be compelled to halt their production if the global price of Brent Crude continues to fall, Institute of Energy Security, IES has said. Speaking to Citi Business News on implications for Ghana, the Executive Director of IES, Paa Kwesi Anamuah Sakyi said the falling price …

The Ghana Revenue Authority has encouraged taxpayers to continue to file their tax returns online and make payments through the banks. The Authority appealed to all taxpayers to fulfill their tax obligations to meet government’s needs in the wake of the coronavirus pandemic. Reverend Ammishaddai Owusu-Amoah, GRA Commissioner-General told the …

On Monday, the B&FT published a story that showed that the second-largest sea port in the country, Takoradi Port, since April 1 has been struggling to electronically clear goods coming through due to technical challenges facing the UNIPASS/Integrated Customs Management Systems (ICUMS). Sources at the port say that valuation is …

If you depend solely on relations abroad for funds to support daily living or schooling then hard times are before you. This is because remittances are expected to decline by about 23.1% in sub-Saharan Africa, and Ghana will be one of the hardest hit. Many Ghanaians depend on their relations …

The Asutifi North District Assembly (ANDA) in the Ahafo Region in collaboration with International Rescue Committee (IRC) has put measures in place for residents to fight against the COVID-19 pandemic. IRC which is one of the partners of the Water Sanitation and Hygiene (WASH) program in the district in line …

The Economist Intelligence Unit (EIU) is projecting a 0.2% increase in average inflation to 8.7% for this year. This means prices of goods and services will largely remain same, whilst interest rates stay low. “Despite a sharp downturn in economic activity, we expect annual average inflation to edge up in …

The leadership of Road Transport Operators has cautioned transport operators not to increase fares in the wake of the coronavirus pandemic. According to the group, the existing transport fares are to be maintained, urging all operators to adhere to the laid down procedures for the determination of transport fares. The …

The Coalition of Aggrieved Customers of Menzgold (CACM) has described Payboy Company Limited, an alleged offshoot of the defunct gold trading company, Menzgold Ghana Limited as a Ponzi scheme and cautioned its members against doing business with them. This follows calls on customers by Payboy Company to pay an amount of money in order …