Banking expert, Dr. Kwasi Atuahene, has asked government not to count the measures it took to resolve the recent banking crisis as achievement since it’s an obligation. According to him, successive governments to a point played various roles in the whole resolution process. This comes after the Vice President of the Republic, Dr Mahamudu Bawumia,Read More
Business
We are not guilty – Duffuor, Asiama, Amoabeng, others deny collapsing banks
A former Finance Minister, Dr Kwabena Duffuor; a former Second Deputy Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, and 10 others have denied playing any role that led to the collapse of two indigenous banks, uniBank and UT Bank.When the 12 individuals appeared before the Accra High Court yesterday in twoRead More
Inflation for January drops to 7.8%
Year-on-year inflation decreased by 0.1% to 7.8% in January 2020. However, the monthly change between January 2020 and December 2019 was 1.4%, the highest since the rebasing in August 2019. According to figures from the Ghana Statistical Service, the food inflation rate was 7.8% while the non-food inflation rate was 7.9%. Inflation was high forRead More
Plastic manufacturers call on gov’t for LI to regulate bottling companies
The Ghana Plastic Manufacturers Association (GMPA) has appealed to government to come up with a legislative instrument to regulate the use and management of plastics in the country as was already pertaining in three African countries. The association has asked government to pass a legislative instrument or law to compel bottling companies in Ghana toRead More
Angel Group Founder among top 100 world business leaders
President and Founder of the Angel Group of companies, producers of Adonko Bitters, Dr Kwaku Oteng, has been recognised as the the best Leader of the year at the Top-100 Achievements Awards 2019. The award was organised for top 100 influential company owners, whose activities have affected their country of origin positively. The awards schemeRead More
GRA begins implementation of a fixed exchange rate regime at the ports
The Ghana Revenue Authority (GRA) says it has begun the implementation of a fixed exchange rate regime at the country’s ports. The Commissioner General of GRA, Emmanuel Kofi Nti disclosed the dollar has been pegged at GH¢5.08 at the port for the purposes of trading for the next three months. Mr Kofi Nti was speakingRead More
“Govt will pass fiscal responsibility law to tie the hands of politicians”
Government will soon pass a law to prevent politicians from sacrificing prudent economic management on the altar of political expediency, the Vice President of the Republic, Dr Mahamudu Bawumia has indicated. Speaking at the opening ceremony of “The Future of Work in Sub-Saharan Africa” Conference, organised by the International Monetary Fund (IMF) in Accra onRead More
Let’s support Ghanaian businesses – Zoomlion Boss appeals
Executive Chairman of the Jospong Group, Dr. Joseph Siaw Agyapong is appealing to the Ghanaians to support local businesses to grow and flourish. He profoundly noted that the Ghanaian is committed to doing what is right and is hardworking, thus we need to give them necessary assistance and encourage them to make a difference.Read More
Ghana committed to greater cooperation with Burkina Faso – Bawumia
The Government of Ghana is committed to deepening ties with her neighbour to the north and is undertaking a number of projects to concretise this relationship. These include the Railway Interconnectivity Project linking Ghana and Burkina Faso designed to ensure greater cross-border trade and regional integration. Ghana is also committed to ensuring greater bilateral relationsRead More
2019 budget quite ambitious and would beneficial to business – GUTA boss
President of the Ghana Union of Traders Association, GUTA, Dr. Joseph Obeng, has described the 2019 budget statement as “quite ambitious” and sets to benefit businesses and trading across the country. And that per the various projects to be implemented next year by the government, particularly with amount of money involved it is clearRead More