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The Chamber of Petroleum Consumers (COPEC) is calling for a national dialogue on the pricing formula for petroleum products in the country. This comes after a 2% fuel price increment which took effect on Saturday. COPEC in a statement said the price increases cannot continue as it threatens only to worsen...
Thirty-five companies have successfully gone through documentation processes to establish viable factories under the "One District, One Factory' (1D1F) policy in the Central Region. The factories are expected to engage in commercial processing and production of salt, bricks and tiles, plywood tiles, starch, oil palm, bamboo, tomatoes paste and cassava...
The Institute of Energy Security (IES) has warned that fuel prices will rise “slightly” at the pumps if the National Petroleum Authority fails to implement the Price Stabilisation and Recovery Levy (PSRL) mechanism. “An analysis of the trading currency’s relationship with the Cedi shows the local currency depreciated by 0.62%...
Inflation rate has dropped from the 10 per cent recorded in June to 9.6 per cent in July 2018, the Ghana Statistical Service (GSS), has announced.The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.4 per cent. This is 0.1 percentage point higher than the rate...
The Executive Council of International Institute of Certified Forensic Accountants (IICFA-Ghana Chapter) has warned its members not flout the code of ethics and standards of practice of Professional Accounting skills, Investigative skills, Analytical skills, Integrity and Objectivity as they probe the revocation of banking licenses of some banks by...
Founder and General Overseer of the International Central Gospel Church (ICGC), Dr Mensa Otabil, has broken his silence on the controversies in the banking sector, specifically, his role in the collapse of the Capital Bank as Board Chairman of the defunct bank. He has explained in a statement issued Tuesday that...
The Kuapa Kooko Farmers’ Cooperative Union (KKFU) has held its annual delegates conference to elect new executives to steer affairs of the union for next the four years. The colourful event which lasted for about five (5) hours took place in the Ashanti regional capital Kumasi was attended by 171...
The boundary dispute between Ghana and Ivory Coast has been amicably settled after both parties reached a consensus on the plotting of the coordinates in Accra today. The Coordinates provided by the International Tribunal for Law of the Sea (ITLOS) in its judgement of the boundary dispute brought before it...
The Chamber of Petroleum Consumers Ghana (COPEC) has charged the Special Prosecutor, Martin Amidu to investigate the impasse at the Ghana Cylinder Manufacturing Company Limited (GCMCL). The CEO of the GCMCL, Frances Essiam is being accused of awarding several contracts worth millions of Ghana Cedis without recourse to the governing...
Some Ghanaians have stated their mistrust in the banking industry across the country due to the recent spate of controversies that have engulfed the sector. As public outrage over the unfolding controversies grows, some residents who spoke Otec news revealed over 80 percent of people in Kumasi are losing confidence...
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