BUSINESS

Ghanaians may now heave a sigh of relief as steps have been taken to provide them with a schedule on the recent blackouts. The decision was taken at a meeting between Power Distribution Services (PDS), Volta River Authority (VRA) and the Public Utilities and Regulatory Commission (PURC) on Thursday. Confirming …

A portion of the Atewa Forest Reserve in the Eastern Region has been cleared by a mining company to begin mining operations in the rainforest. About 11 trees have so far been uprooted by the unknown company and a small pit dug at the Kobreso side of the reserve. Local …

Importers and Exporters Association of Ghana (IEAG) has expressed skepticism about the reduction in benchmark value of import duties at all of the country’s ports. According to them, the announcement by the Vice President, Dr Mahamudu Bawumia at a Town Hall meeting, though laudable is vague.   Executive Secretary of …

Founding President of IMANI Africa, Mr Franklin Cudjoe and Vice President Kofi Bentil have spoken about the Economic Management Team townhall meeting held yesterday. Mr Cudjoe said judging from how the questions and answers at the Economic Management Team Townhall went, Ghanaians need “more assurances beyond high sounding economic jargons”. …

Vice President Dr. Mahamudu Bawumia has dismissed claims that the Bank of Ghana spent reserves to revive the Cedi when it depreciated against some foreign currencies especially the Dollar. According to him, “some persons have misunderstood the requirement by the International Monetary Fund(IMF) to build up its reserves by some …

The Social Security and National Insurance Trust (SSNIT), Tamale Area, has sent signals to all employers who fail to honour their obligation under the National Pensions Act, 2008 (Act 766), that the Trust will apply the law to ensure that workers get their due when they retire. The Tamale Area …

The Public Accounts Committee of Parliament (PAC) has summoned a former Chief Executive Officer (CEO) of the Ghana Trade Fair Company (GTFC) Limited, Dr Ebenezer Erasmus Okpoti Koney, to appear before the committee to explain the circumstances under which thieves allegedly broke into offices of the centre and stole payment …

Finance Minister, Ken Ofori-Atta has ruled out another romance with the International Monetary Fund (IMF), maintaining that sufficient macroeconomic gains have been made to prevent a return to the UN-backed institution. “The expectation of all of this is that we are consistently on top of the macroeconomics of the country, …

At least 110,000 Ghanaian investors have lost their investment totalling GHC135 million ($25.71m) to crypto investment scams and hacks in 2018, a report on the Global Coin Community Scam said. Members of Parliament are alarmed over the report and want regulators to police the sector to save Ghanaians from falling …