Business

Government has been urged to take a critical look at the gas production sector by reviewing the pricing system which has a lot to do with the high price of electricity power in the country. “If we want to be competitive, if we want to support industrial growth, then ultimately it means that the price of power that people pay ...

The Electronic Communications Tribunal (ECT) yesterday began hearing details of a petition put before it by the Mobile Network Operators ( MNOs) in the country over the GH34 million fine imposed on them by the National Communications Authority (NCA). The fine, which the MNOs had earlier described as too heavy, was slapped on them for what the regulator claimed to ...

President Nana Addo Dankwa Akufo-Addo Tuesday said Ghana’s public finance was now in order. He said the period when the country’s economic indicators “went haywire and through the roof are over.” “The days of disarray in our public finances, the reason for our recent marriage with the IMF, are over,” the President said when he commissioned three new State-of-the-art production ...

The Managing Director/CEO of Zeinth Bank Ghana, Mr Henry Oroh, has said that the recent recapitalisation exercise that has seen 23 banks increase their minimum stated capital to GH 400 million will increase competition in the industry which will subsequently drive interest rates down. He said the recapitalisation exercise meant that every bank was now a big bank and ready ...

Tax expect and Managing Partner of Ali-Nakyea and Associates, Mr Abdallah Ali-Nakyea, has urged the government to fully operationalise the National Single Window and Paperless regime at the country’s seaports. This, he said, would help the government achieve its ambitious target of GH¢7.42 billion from import duty this year. “Granted that the National Single Window and Paperless Port System will ...

Fast population growth offers some great investment opportunities, but the west is missing out. During the past decade, China has been investing a lot of money in sub-Saharan Africa: Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion ...

Kosmos Energy has announced the selection of 117 promising young entrepreneurs to participate in the Kosmos Innovation Center (KIC) 2019 AgriTech Challenge. The Kosmos Innovation Center (KIC) is the flagship social investment programme launched by Kosmos Energy in 2016 and seeks to breathe new life into Ghana’s agriculture sector through technology and innovation. Each year, the Challenge selects young people ...

The President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi, has bemoaned the dwindling fortunes of the manufacturing subsector in recent years, warning that the country risks losing its industrial base should the situation remain the same. Rather than inspiring entrepreneurs to build new factories and sustain existing ones to employ people and grow the economy, Dr ...

Ghana Oil Company (GOIL) was the first firm in the country to announce a reduction in the prices of its fuel, with diesel selling at GH¢4.98 and Super going for GH¢4.98. Vivo Energy, marketers and distributors of Shell-branded products and services, has followed suit by reducing the ex-pump prices in the first window for the month of December in line ...

The local currency is now two pesewas away from hitting the dreaded GH¢5 mark per a dollar.  It closed Monday trading at around GH¢4.98 against the US dollar. This is basically the main quotes being put out by some of the major commercial banks in the currency business in the country. What is causing this? Lots of reasons have been put forward ...