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Joseph Paddy, Chairman of Abbosey Okai Spare Parts Dealers Association, has denied reports that the group has apologised to former President John Dramani Mahama for voting against him in the 2016 elections.Mr Paddy, who is also the Public Relations Officer of the Ghana Union Traders Association (GUTA) has, therefore,...
Vice President Dr. Mahamudu Bawumia’s recent comments that Ghana’s economy is built on strong fundamentals have received vindication from S&P Global Ratings. Dr. Bawumia while speaking at a Student’s Entrepreneurship Initiative program in Tamale dismissed the minority’s concerns that the recent marginal depreciation of the cedi was occasioned by a...
Gold dealership, Menzgold, has extended a six-day suspension of its Gold Vault Market services. The embattled firm has now set September 28, 2018 to resume the controversial service. In a release Tuesday, Menzgold has informed its customers that “Following our correspondence with the Securities and Exchange Commission (SEC), we regret to advise...
Some drivers have expressed their displeasure over the increase in fuel prices for the second pricing window in September. Checks by OtecNews at some fuel pumps on Monday evening showed that Shell had increased its prices. A litre of diesel and petrol are being sold at 5 cedis 18 pesewas...
Seth Terkpe,finance minister Seth Terkper, Minister of Finance, on Thursday October 20, laid a paper containing details of the government’s budget for the first quarter of 2017 before parliament. The paper has been referred to the Finance Committee of Parliament. The committee is expected to present its report on the...
The National Petroleum Authority (NPA) has disclosed that Ghana loses about 850 million cedis annually in taxes, due to the increased activities of fuel smugglers into and out of the country. The illegal act is said to involve operators who ply their business at the ports by fuelling tanks with...
An aggrieved customer of troubled Menzgold Ghana Company Ltd. is threatening to rally a class action suit against the minerals trading company. According to her, Menzgold has not been transparent about the legality of their operations with the customers. In an interview with Citi News, the customer, who spoke on grounds...
Government has announced an increment in cocoa price per bag from Gh¢425 to Gh¢475 effective October 1, 2016.A deputy Finance Minister, Cassiel Ato Forson, announced the 2016/17 cocoa price at the 2016 Cocoa Day celebrations at Tepa in the Ahafo Ano North District of the Ashanti region. The event...
It was conducted among 14 banks including, Fidelity Bank, GCB Bank, Ecobank, Barclays, Omni Bank, Stanbic Bank and the defunct Capital and Sovereign banks. According to the report, 24,300 people are currently employed in the banking sector. The report said 99 percent of the over 2,000 respondents disclosed that their banks...
The Ghana Psychological Association (GPA) has expressed concerns over the revocation of banking licenses of UT/Capital Banks by the Bank of Ghana. In a full text of a four-paged document signed by Mr Richmond Acquah-Coleman, the Public Relations Officer of the association, the psychologists expressed dissatisfaction at the processes leading...
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