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Fuel prices will go up marginally in the next pricing-window, the Institute for Energy Security has predicted. According to IES, an increase in the price of Brent Crude on the world market and the depreciation of the local currency are the main factors affecting the hike. “The increases in Brent Crude...
Government has said that they have saved the country from “unjustified extortion” by the erstwhile Mahama administration by negotiating for a new interoperability system created by the Ghana Interbank Payment and Settlement Systems (GhIPSS).“The Akufo-Addo administration at this stage is pleased to have had the opportunity to engage all...
Some concerned cocoa farming associations in Ghana have called on the government to pay keen attention to farmers who are cutting down their cocoa farms for rubber plantation benefits. The executive secretary of Licensed Cocoa Buyers Association, Mr Lawrence Botwe, in an interview with newsmen described the situation as alarming. According...
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says his government is going to use oil revenues to create assets for the country, and not waste it on consumption.  According to President Akufo-Addo, as a relatively new entrant in the league of oil-producing countries, Ghana is not going to...
The Vice President of the Republic, Dr Mahamudu Bawumia, has launched the first mobile money payments interoperability system in Ghana. This follows a challenge issued by the Vice President last year to the Bank of Ghana, the Ghana Interbank Payment and Settlement Systems (GhIPSS), the Telcos and financial institutions...
Government’s One District-One Factory initiative has received a major boost with a $400 million facility from the China’s Private Sector Development Corporation. This followed the signing of Memoranda of Understanding for the funding facility between a number of Ghanaian banks and the local private sector. Under the Agreement, the China National...
The Consumer Price Index (inflation) for April 2018, the year-on-year has gone down to 9.6%, compared with the 10.4% recorded in March 2018. The monthly change rate in April 2018 was 0.9% compared with the 1.1% recorded in March 2018.The year-on-year non-food inflation rate for April 2018 was 10.6% compared...
The Government of Ghana’s ‘carried interest’ in mining operations, usually 10 percent, is “virtually useless” and has yielded zero dividends for government for years, depriving the people of Ghana of considerable amounts of domestic revenue, Vice President Dr Mahamudu Bawumia has disclosed. Vice President Bawumia made the disclosure at...
Five thousand youth are to be employed with the official roll out of the Ghana Job Bank Initiative. The programme has two modules – Business Incubator and Smart Youth Programme – which will offer training in software engineering, digital skills, cyber security and open data platform to the youth free...
The Chief Executive Officer (CEO) of the Ghana Cylinder Manufacturing Company Limited (GCMCL) Frances Essiam has ordered all workers to go home and not report for work today. The premises of the company has been locked on her orders. The move by Mrs. Essiam is an attempt to scuttle a...
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