Business

Most Ghanaians believe Ghana is heading in wrong direction – Afrobarometer Report

July 19, 2022

The latest Afrobarometer survey on Economy, public services, and taxation has revealed that the majority of Ghanaians believe the country is heading in the wrong direction. According to the report, respondents also provided negative assessments of the country’s economic condition and their personal living conditions. “A large majority of citizens gave unfavourable Continue Reading

Business

SSNIT Saves GH₵327 Million From ‘Ghost’ Pensioners

July 19, 2022

The Chief Actuary warned persons behind such unlawful act to desist from it else they risk the law deally ruthlessly with them when they are caught. “So for those taking the benefits, they are doing so fraudulently but at some point the law will catch up with them but that is what they do”. The […]Continue Reading

Business

Handle Your Games With Integrity & Transparency – NLA Boss Tells NLRC

July 19, 2022

The Director-General of the National Lottery Authority (NLA), Samuel Awuku, has urged officials of Nigerian National Lottery Regulatory Commissions (NLRC), to conduct its games with integrity and transparency, in order to earn the trust of their cherished customers. Mr Samuel Awuku, in a goodwill message yesterday, during the launch of Nigerians first ever National Lottery Continue Reading

Business

Ghana ranked 2nd among countries with highest debt default risk in 2022 by Bloomberg

July 19, 2022

A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022. The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking. Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end of this year. This indicates that […]Continue Reading

Business

‘Essence of SSNIT gone completely, scrap it’ – TUC tells government

July 19, 2022

The Trades Union Congress (TUC) has called for the total overhaul of the Social Security and National Insurance Trust (SSNIT). The Union insists the trust has failed in delivering on its mandate. The Secretary-General of the Union, Dr. Yaw Baah made the call at a media engagement on Monday, July 18. His reasons for the […]Continue Reading

Business

BoG may increase policy rate for 3rd consecutive time – US based Economist

July 19, 2022

The Bank of Ghana may increase the policy rate for the third consecutive time this year, following the increase in inflation rate to 29.8% in June 2022. According to Assistant Professor of Economics at Niagara University in New York, USA, Dr. Dennis Nsafoah, he expects the policy rate to re-anchor markets expectation of the near-term […]Continue Reading

Business

Bawumia’s blame of NDC for going to IMF ‘ridiculous and comical’ – Mahama

July 18, 2022

Former President Mahama has described Vice President Bawumia’s blame of his (Mahama’s) administration, partly, for the need to seek assistance from the International Monetary Fund (IMF), as ridiculous and comical. According to him, this is unbecoming of someone tasked with the role of Head of the Economic Management Team. Vice President Bawumia while launching an […]Continue Reading

Business

More OMCs cut fuel prices

July 18, 2022

More Oil Marketing Companies (OMCs) are expected to review prices of petroleum products downwards, from this morning (July 18, 2022). It’s coming after the Bulk Oil Distributors cut the prices of finished petroleum products. One of the leading market players, Total Energies, has already slashed prices of fuel at the pumps since last week. GOIL […]Continue Reading

Business

Traffic congestion on Tema-Accra road to ease as train service resumes

July 18, 2022

The Tema-Accra passenger train service which was suspended temporarily for rehabilitation work, has resumed today, Monday 18th July 2022. This comes after the GRCL successfully addressed the technical challenges that led to the suspension. The GRCL conducted series of test run, final joint inspection also carried out on 7th July 2022 by GRCL and Ghana […]Continue Reading

Business

Majority of Ghanaians believe e-levy is a bad idea – Afrobarometer survey

July 14, 2022

Majority of Ghanaians are not in favour of the Electronic Transfer Levy (E-levy), a new Afrobarometer study shows. The government introduced the e-levy on May 1, 2022, in a bid to widen the tax net. However, a large majority of Ghanaians think it is a bad idea and will mean a greater tax burden on […]Continue Reading