The 27.15 per cent power tariff increment for the Electricity Company of Ghana (ECG), as approved by the Public Utilities Regulatory Commission (PURC), takes effect from today. With its implementation, however, customers, depending on the category and consumption, will be paying slightly more, with the calculations, the inclusion of the statutory charges for VAT, as […]
The National Petroleum Authority (NPA) has shut down a Shell fuel filling station at Atimpoku in the Eastern Region for selling petrol laced with water. The move followed the circulation of a video on social media and subsequent complaint made to the NPA on August 29, 2022 about a suspected contaminated fuel purchased at the aforementioned […]
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put the country’s economy on a better footing. The Bulgarian economist made this known in a tweet on Friday, August 26, 2022. According to her, the IMF’s decision to support Ghana stems […]
Members of the Ghana Union of Traders Association have halted their initial intention to close shops from Monday in protest against what they say were unfavorable government policies affecting private businesses. GUTA did the u-turn after a crunch meeting between its leadership and the Council of State, led by its chairman, Nana Otuo Siriboe II. […]
The Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Sulemanu Koney, has called on the Ghana Revenue Authority (GRA) and other relevant institutions to ensure that royalties and other funds meant for the direct benefit and development of mining communities are paid on a regular basis into the Minerals Development Fund (MDF). Describing […]
The Executive Secretary of the Public Utilities Regulatory Commission, Dr. Ishmael Ackah, has attributed the failure of the Commission to automatically adjust utility tariffs in 2021 to the absence of a board. It has been argued that the recent hike in utility tariffs by a whopping 27.15% and 21.55% for electricity and water respectively is […]
The National Lottery Authority (NLA) has reacted to comments by popular master of ceremonies (MC), Kwasi Kyei Darkwah, (KKD) on why a contract with Ghana Television (GTV) to broadcast lotto draw was terminated. KKD in a TV/radio comment had questioned why United Television (UTV) was the TV station now broadcasting lotto draws instead of the national broadcaster, […]
President Nana Addo Dankwa Akufo-Addo has reiterated his determination to steer the economy back on the path of growth. He has, however, called on the clergy to pray with him in this challenging period to enable him to execute that mandate. The President, who stood in front of the Moderator of the Presbyterian Church of […]
The boom in digital payment platforms and digital banking systems have come with its own risks and cost to the financial industry. Latest figures from the Association of Certified Fraud Examiners (ACFE) indicates that the global financial industry loses about US$67 billion to fraud related activities annually. The United Nations Office on Drugs and Crime […]
The National Communications Authority has denied an application by the Vodafone Group to transfer 70% majority Shares in Vodafone Ghana to the Telecel Group. The NCA in a press release issued today said the application did not meet the regulatory threshold for the approval to be granted. “In January 2022, the NCA received an application for the […]
OF every cedi collected in tax revenue this year, more than 55 pesewas will be used to service the debt. When measured against this year’s projected total revenue and grants, debt service cost is estimated to wipe off more than 43 pesewas of every one cedi that will be accrued to the state. This follows […]
The company that produces Verna mineral water has initiated a product recall from the market following some factory defect. Products that are being recalled have the batch numbers TW/5 20:14 B, TW/5 20: 15 B, TW/5 20: 16 B, TW/ 5 20: 17 B, TW/ 5 20: 22 B. In a statement issued by the […]
