BUSINESS

Staff of the Ghana Grid Company (GRIDCo) have suspended their sit-down strike. The staff were protesting the operational challenges of the company linked to the indebtedness of some companies to GRIDCo. A joint statement issued by the company said “following a Joint Standing Committee meeting of the Management and Staff …

Trade and Industry Minister Alan Kyerematen has said the government’s flagship programme, One district, One factory, has so far witnessed about 200 companies that are at various stages of implementation. The projects, Mr. Kyerematen said, cover a spread of 112 districts of the 275 districts in the country. He further …

The Vice President Dr Mahamudu Bawumia has disclosed that in January 2020, passengers will be able to check which bus or commercial vehicle ( trotro) is properly insured or registered using their phones before they board them. Speaking at a reception on Wednesday December 11, 2019 organised by the National …

The Head of Tax Compliance at the Ghana Revenue Authority, Mr. Henry Sam has served notice that the authority will prosecute tax defaulters. In line with this, the Legal Department of the Authority had been directed to compile reports on all such offenders. He said the authority has already initiated …

On August 14th, 2017 the Bank of Ghana (BoG) revoked the licenses of UT Bank and Capital Bank. GCB took over the two under a Purchase and Assumption transaction. Less than a month later on 11th September, 2017, the BoG announced an increase in the minimum capital requirement for banks …

Billionaire Michael V. Roberts who has been turning the business world on its head is now the economic king of Ada;eastern part of the Greater Accra Region in Ghana. This information was shared on Instagram by American author Dr Boyce Watkins who together with his son are now part of …

Some customers of the collapsed savings and loans companies and other microfinance institutions (MFIs) have threatened to vote against the governing New Patriotic Party (NPP) if their locked-up deposits are not paid before the 7 December 2020 general elections. The affected customers say life has become unbearable for them after …

The Year-on-year inflation rate for November rose to 8.2 per cent, up by 0.5 percentage point from the 7.7 per cent recorded in October 2019. The month-on-month inflation between October and November stood at 0.7 per cent. Professor Samuel Kobina Annim, the Government Statistician, who announced this on Wednesday, said …

Cement manufacturers in the country have attributed the recent increase in cement prices to the depreciation of the cedi to the dollar, high port taxes and duties amongs others. Major cement manufacturers in the country have announced a 5% increment which takes effect today, warning that prices could increase further …

The Ghana Education Service (GES) has instructed heads of public Junior High Schools in the country who do not have enough funds to organise their end of term examination to borrow from the Capitation grant meant for kindergarten or primary schools. The notice to school heads sighted by Starr News …