Business

3,000 jobs Open For Atwima Mponua Youth …As Minister Commissions Community Mining Concessions

July 5, 2022

Residents of Donkoto within the Atwima Mponua District in the Ashanti Region can now heave a sigh of relief over issues of jobs, following a groundbreaking ceremony to open two mining concessions under the Community Mining Scheme in that area. The Donkoto Mawaniha Community Mining project, which is one of government’s novel initiative was launched […]Continue Reading

Business

E-Levy will not be scrapped despite IMF bailout – Government

July 5, 2022

The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial Continue Reading

Business

Free SHS, other programs must be redesigned over economic woes – Seth Terkper

July 4, 2022

As the government prepares to commence talks with the International Monetary Fund (IMF) for a bailout program, former Finance Minister Seth Terkper has charged government to candidly assess the sustainability of programs like the Free Senior High School Policy. According to him, some of the flagship programs are a drain on governments’ resources. The announcement […]Continue Reading

Business

NPA justifies UPPF restoration which has push fuel prices up

July 4, 2022

The National Petroleum Authority (NPA) has justified the restoration of the Unified Petroleum Price Fund (UPPF) margin on fuel prices. It says this was needed to ensure that transportation of petroleum products to the retail outlet in the country is not affected. Sources tell Joy Business the fund which is used to finance freight costs […]Continue Reading

Business

Government blaming Covid-19 too much for economic crisis – Seth Terkper

July 4, 2022

A former Finance Minister, Seth Terkper, has stated that government is placing too much emphasis on COVID-19, as the cause of the country’s economic challenges. According to him, even though he acknowledges the global impact of the pandemic, there are other weighty mistakes which have contributed to the country’s current fiscal woes. Speaking in an […]Continue Reading

Business

World Bank appoints Ghanaian Victoria Kwakwa as new Vice President for Eastern and Southern Africa

July 4, 2022

The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022. Mrs Kwakwa, an economist and development expert with over 30 years of experience, will lead an active regional programme including a financing portfolio of over 300 projects, totaling more than $50 billion and extensive policy […]Continue Reading

Business

Senyo Hosi to step down as CEO of Chamber of Bulk Oil Distributors

July 4, 2022

The CEO of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi is stepping down at the end of July 2022. Mr. Hosi, the founding CEO of the Chamber, is leaving office after 10 years of service. Under his leadership, the Chamber became recognized as one of the power houses for industry-based research and policy […]Continue Reading

Business

IMF bailout: Ghana likely to get about $2 billion – Kojo Oppong Nkrumah

July 4, 2022

The Information Minister, Kojo Oppong Nkrumah, says government is likely to receive about $2 billion from the International Monetary Fund (IMF) after deliberations on a specific support package are concluded. He stated that considering Ghana’s quota and macroeconomic data, it is possible for the country to get that money to help shore up its reserves. […]Continue Reading

Business

‘Power will not be disconnected again’ – Leadership of new Kejetia market to traders

June 30, 2022

Leadership of the Kumasi Kejetia Traders Association has indicated that measures have been put in place to ensure that power to the new Kejetia market is not disconnected again. According to the leadership, traders in the market have been asked to raise funds to defray the debt owed the Electricity Company of Ghana (ECG). This […]Continue Reading

Business

Bring back collection of road tolls – Minority demands

June 30, 2022

The Minority in Parliament  wants the government to reinstate the collection of road tolls. Minority Leader, Haruna Iddrisu says bringing back road tolls will help government in its revenue drive following current economic challenges. Speaking on the floor of Parliament on Wednesday, Haruna Iddrisu said the issue must be revisited. “Must it just be a […]Continue Reading