Business

Case against former PPA boss adjourned to July 27 for case management conference

June 28, 2022

The case against Former Chief Executive Officer of the Public Procurement Authority, Adjenim Boateng Adjei has been adjourned to July 27. The case was adjourned on Tuesday June 28 for Case Management Conference after the prosecution successfully served accused persons with all documents it intends to rely on during the trial as required by law, the Office […]Continue Reading

Business

ECG customer moratorium to end July 6

June 27, 2022

The Electricity Company of Ghana (ECG) is giving a moratorium to customers across the country to report to its District or Regional offices issues that need to be rectified. Affected customers have until Wednesday, 6 July 2022, to report such issues. The moratorium will cover: “Postpaid customers who have metres but do not receive bills, […]Continue Reading

Business

Savannah: Nexans Kabelmetal extends electricity to Jelinkon community

June 27, 2022

Nexans Kabelmetal Ghana Limited has with the support of its partners extended electricity to Jelinkon, a community in the Sawla-Tuna-Kalba District of the Savannah region. The project estimated at the cost of GH¢200,000 was initiated by NORTHCODE GHANA and funded by Nexans foundation and constructed by STECO. The first phase of the project which was […]Continue Reading

Business

Gov’t assessing economic mitigation measures ahead of mid-year budget review – Oppong Nkrumah

June 27, 2022

Government says it is still looking through its raft of measures meant to cushion Ghanaians against the current economic difficulties brought on by the COVID-19 pandemic and the Russia-Ukraine war. Information Minister, Kojo Oppong Nkrumah, maintains that government has not lost sight of the challenges and will continue to adopt plans to mitigate the impact. […]Continue Reading

Business

Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

June 27, 2022

The Head of FICC Research and Chief Economist at ABSA; Jeff Gable, says the consistent introduction of subsidies in the midst of global economic challenges will only prolong the effects of inflation in that country. According to him, governments in Africa must rather focus on slowing down demand for products rather than subsidizing the cost. […]Continue Reading

Business

Cedi Summit: ISSER Director questions wholesale subsidies

June 27, 2022

The Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana; Prof. Peter Quartey, remains unconvinced by the effectiveness of blanket subsidies. Prof. Quartey said he did not believe in wholesale subsidies because “you cannot subsidise both the rich and poor at the same rate.” “If you need to […]Continue Reading

Business

‘We’ve generated only 10% of estimated E-Levy revenue so far’ – Gabby Otchere-Darko

June 27, 2022

The electronic transactions levy (e-levy) introduced by government to generate additional cash for the government is raking in only 10% of estimated revenue, according to a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko. The government commenced the implementation of the levy on May 1, 2022, after its initial announcement in the […]Continue Reading

Business

Don’t launch YouStart amidst our unpaid allowances – NABCO trainees to government

June 27, 2022

A group of trainees under the National Builders Corps (NABCO), have called on the government to halt the implementation of the YouStart initiative until their allowances are paid. The group, identified as ‘NABCO Trainees Association of Ghana (NABTAG)’ says they do not understand why the government intends to roll out a new policy, when their […]Continue Reading

Business

Osafo-Maafo chairs meeting of six ministers to assess impact of economic mitigation measures

June 27, 2022

The Senior Advisor to the President, Yaw Osafo-Maafo, is chairing a meeting of six ministers who largely represent the real sector of the economy, from today, Monday June 27 to Wednesday June 29, to assess the impact of the economic mitigation measures announced in March this year. Some 13-point measures were announced to cushion consumers […]Continue Reading

Business

Ofosu-Dorte to speak on new realities & Africa’s future at Cedi Summit

June 24, 2022

David Ofosu-Dorte, a Senior Partner at AB & David will speak on the theme “The Global Trends, New Realities & Africa’s Future” at the Citi Business Festival Cedi Summit slated for Monday, June 27, 2022. He will join two other speakers, Prof. Peter Quartey, the Director of the Institute of Statistical Social and Economic Research […]Continue Reading