Business

Prices of various petroleum products have started going up from Monday after the Oil Marketing Companies (OMCs) were directed by the National Petroleum Authority (NPA) to start applying revised Energy Sector Levies. The NPA’s directive is as announced in the Supplementary Budget presented by the Finance Minister, Ken Ofori-Attah. Based on the revision petrol would witness a ¢0.20 adjustment, while Diesel ...

Vice President Dr Mahamudu Bawumia on Wednesday launched the GH Dual Card, a two-in-one card that contains both the e-zwich and gh-link applications. The card, which is an initiative of the Ghana Interbank Payment and Settlement Systems (GhiPSS), would enable cardholders to either use it as e-zwich, gh-link or both as desired by the customer. It has been designed to ...

The Director-General of the Ghana Standards Authority, Professor Alex Dodoo, has underscored the need for countries in the sub-region to adopt trade-enhancing measures among the countries to help eradicate poverty among its people. “The time has come to use metrology and measurement to improve poverty level, without these signs we will fail, this is something that the sub-region cannot afford ...

Ghana has been described as a less preferred destination for businesses; even in the West African sub-region. General Manager of Kina Group, Nuamah Eshun-Famiyeh who made the assessment said in comparison to Nigeria, Ghana is a less preferred destination. This, he said is contrary to how Ghana sees itself as a “fantastic” business destination Contrasting Ghana with Nigeria, Eshun-Famiyeh said ...

The Alliance for Development and Industrialisation (ADI) has described as baseless the call by the Institute for Economic Affairs (IEA) that the government should impose more taxes on profitable and resourceful businesses in the country. According to a press statement issued in Accra by the ADI and signed by Francis Mensah, the Convener of the think tank, the call by ...

Water is life and essential to health and food production. In Ghana, while some communities have free flow of potable water, unfortunately the same cannot be said for others. According to the WHO/UNICEF Joint Monitoring Platform (JMP) 2017, 5.3% of the population in Ghana rely on water from unprotected dug well or spring. While 7.0%, rely on surface water. Even ...

The Ugandan President, Mr Yoweri Kaguta Museveni, has stressed the need for Africa and China to establish an equitable trade and development models that will accelerate efforts for growth. He said Africa and China need to work for win-win frameworks and noted that China, through its support for infrastructure, which is the base of the production of tradable goods and ...

Fiscal policy think tank, the Institute for Fiscal Studies (IFS), has bemoaned the low numbers of people covered by pensions in the country and further revealed that the informal nature of the economy had left well over 80 per cent of Ghanaians without sustained income upon retirement. The issue of low pensions coverage is more pronounced with women, with men ...

Some frustrated customers of troubled fund management companies say they have lost confidence in the Securities and Exchange Commission (SEC) because SEC appears unable to compel the companies to release their matured funds to them. There are particular demands on SEC by clients of Gold Coast Fund Management Limited and Beige Capital Asset Management Ltd with some accusing SEC that ...

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation (FAO) and Equatorial Guinea President Obiang Nguema Mbasogo, on the ...