BUSINESS

Importing tomatoes from Burkina Faso is an embarrassment – Clement Apaak

Member of Parliament for Builsa South, Dr. Clement Apaak, has expressed worry as to why Ghana would import tomatoes from a country with worse climate conditions. The MP is not happy as to how Ghana would invest 200 million dollars annually to import tomatoes from Burkina Faso. This was after …

Read More »

Stable cedi, cheaper crude reasons for falling pump prices – ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, reiterated that falling fuel prices at the pump is the result of a general reduction on the global crude oil market and a stable cedi, and not the gold-for-oil barter policy. He said domestic consumers, just like …

Read More »

Kejetia Market to be shut down for another week

The board of the new Kejetia Market also known as the Kumasi City Markets Limited has directed that the facility should be remained closed for one more week. This comes after the market was gutted by fire on Wednesday, 15th March 2023 which led to the destruction of items worth …

Read More »

ECG disconnects power to Ministry of Energy

The Electricity Company of Ghana paid the Ministry of Energy a visit last week Tuesday, plunging the whole facility in darkness for almost half a day, only restoring power after the mother ministry of the Electricity Company of Ghana (ECG) paid their debt bill in full. This will be the …

Read More »

Be transparent with Ghanaians over true state of the economy – Otumfuo to government

The Asantehene, Otumfuo Osei Tutu II has implored the government of President Nana Addo Dankwa Akufo-Addo to be transparent with citizens on issues to do with the economy. According to him, there is a need for the government to come clean on the current state of Ghana’s economy including the recently conducted Domestic Debt …

Read More »

Bank of Ghana, Ghana Air Force commission helipad to airlift currencies to Sefwi Boako

Following the accident of a Bank of Ghana Bullion Van in November 2019 at Techiman, in the Bono East Region of Ghana, the Management of the Bank of Ghana established a committee to investigate the circumstances leading to the accident and make recommendations to improve currency movement operations in the country. Amongst other recommendations, …

Read More »

I had sleepless nights over exchange rate hikes – Dr Bawumia

Vice President Dr Mahamudu Bawumia has revealed that he suffered sleepless nights when Ghana went through a phase of persistent hikes in exchange rates leading to a rise in the pricing of fuel products. According to the vice president, the situation and the quest to find a workable solution around it left …

Read More »

ECG closes down offices nationwide for a month beginning March 20

The Electricity Company of Ghana (ECG) has announced that beginning Monday, March 20, 2023, it shall close down all of its offices across the country as it seeks to embark on a nationwide revenue mobilisation exercise. The power distribution company said the exercise which will last for one month period …

Read More »

Bleeding is allowed – Bawumia mocks Gold-for-oil critics

The Head of Ghana’s Economic Management Team, Vice President Dr Mahamudu Bawumia on Wednesday, March 15, 2023, took a swipe at critics of the government’s Gold-for-oil policy. Touting the success of the policy which is currently in its third month of implementation, the vice president said the country will witness more …

Read More »