Business

GIPC to become one-stop-shop for investors

The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Mr. Yofi Grant, has disclosed that his vision is to promote the GIPC as a strategic partner in Ghana’s development drive. Towards this effort, the agency will be rebranded as a one-stop-shop for investors. He said his outfit is geared to promote the country’s competitive advantages as a world-class ...

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Producer Price Inflation drops to 4.8%

The producer price inflation has fallen from 6.0 percent in March to 4.8 percent. This means the cost of production for industries has seen a significant stability during the period. The stability of the Cedi has been identified as the major cause for the fall. The year-on-year producer inflation for all industry was 4.8 percent in April 2017; the monthly ...

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Parliament to review Atuabo contract – Akoto Osei

The Minister of Monitoring and Evaluation, Dr. Anthony Akoto Osei will be making sure the contract for $1 billion Atuabo Gas plant in the Western Region is brought before parliament following allegations the deal was overpriced. “I am going to ask the Minister of Energy to take it up and bring it to Parliament, even if it is late so that ...

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35 Customs officers transferred to Tema

A total of 35 principal and senior revenue officers of the Ghana Revenue Authority have been transferred from their various duty posts across the country to the Tema Collection point. Reasons for their transfer are unclear but reports say, it forms part of the government’s efforts at tightening loopholes in revenue generation as well as to retrieve all revenue lost ...

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Policy rate drops further to 22.5%

The Monetary Policy Committee of the Bank of Ghana has reduced the monetary policy rate from the previous 23.5 per cent to 22.5 per cent. The rate has, therefore, been reduced by 100 basis points. This was announced on Monday, May 22 after the Committee’s 76th policy sitting. The new figure is a further drop of the rate as it ...

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Textile workers to be laid-off

General Secretary of the Ghana Federation of Labour, Abraham Koomson has hinted that more workers in the textiles industry are expected to be laid-off as a result of the non-performance of the sector. “Anything can happen to even the 1,500 workers at any point in time. The industry is not performing so they may have to also go home,” he ...

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Finance Ministry gives ‘ghost’ workers’ new deadline

The Ministry of Finance has extended the deadline for the payment of April salaries of some public sector workers who failed to enroll onto the SSNIT biometric system. The workers have up till the 15th of June 2017 to re-register to get their salaries paid. A statement from the Finance Ministry and copied to newsmen indicated that about 9,000 workers ...

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