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

NEWS

Don’t Judge Bawumia Out of Ignorance and Mischief – Razak Opoku

July 2, 2022

The Convener of Concerned Voters Movement (CVM), Razak Kojo Opoku is urging Ghanaians, particularly supporters of the ruling NPP not to pass judgement against Vice President Dr. Mahamudu Bawumia following the ongoing economic crisis in Ghana and across the globe. In an article copied The Anchor, Razak Opoku noted that, Dr. Bawumia is still the […]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

Business

Scrap Obnoxious E-Levy – Dr. Apaak, Arise Ghana Tell Gov’t

June 30, 2022

Pressure is piling on government to withdraw the controversial Electronic Transfer Levy (E-levy) imposed on Ghanaians, following recent revelation that the state is raking in only 10% of estimated revenue barely two months after implementation. Many Ghanaians, including the opposition parties have been against it since the introduction, insisting the levy will not favour Continue Reading

Business

I.C. Quaye In Fresh Trouble …As Muslim Group Heads to Court

June 30, 2022

The woes of the Board Chairman of the Pilgrims Affairs of Ghana, Sheikh Ibrahim Cudjoe Quaye, is far from over, as a coalition of Muslim youth prepares to drag him to court, for changing signatories to Ghana’s Hajj bank Accounts held in Riyadh, Saudi Arabia, without approval by the appointing authorities. The group, Patriotic Muslim […]Continue Reading