Traders have called on the government to take urgent steps to reduce fuel prices to mitigate the economic hardships they currently face. According to the traders, the continued increment in fuel prices had increased the cost of transporting foodstuffs from the farm gates in the rural areas to urban markets. They also said middlemen who […]
The Minister of Finance, Ken Ofori-Atta, has assured Parliament that the government and the Bank of Ghana (BoG) are on top of efforts to slowdown the depreciation of the cedi against its major counterparts. Mr Ofori-Atta said the 30 per cent in public spending this year was meant to augment policies by the central bank […]
The Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has called on commercial banks to reduce interest rates to stimulate economic activity. “Interest rates in Ghana are very ridiculous and make it virtually impossible for local businesses to compete favourably with foreign companies,” he said. Mr Agyapong made the call during an engagement with […]
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi has said that stakeholders are working to avert any of fuel shortage in the country. He said this in response to a Bloomberg report that the country faces a looming fuel shortage. Speaking on Top Story, Tuesday, Senyo Hosi explained that government […]
Since the introduction of mobile money (MOMO) loans by the telecommunication companies (telecos), some of their customers have taken undue advantage of the opportunity. While some have taken the loans to either start or recapitalise their businesses, others have accessed the funds and misused it, hence their inability to pay. To prevent the telcos from […]
Oil Trading Company, Dram Oil and Trading Limited has sued auditing firm, Deloitte and Touche at the Commercial Division of the Accra High Court. The company is accusing the firm of breaching its duty of care as well as being negligent in putting together a report. Dram Oil wants the court to order the recovery […]
The chairman of the Trade and Industry Committee of Parliament, Kingsley Carlos Ahenkorah has said the Komenda Sugar Factory could not have produced raw sugar due to the absence of its 37 components. He said the price waterhouse firm valued the factory at $12 million in 2017 and went further to establish that, about 37 […]
The Food and Drugs Authority (FDA) has disclosed the outcome of its investigation into the recent incidence of food poisoning at the East Legon branch of Marwako Foods. According to the FDA, it discovered poor sanitation, poor storage and microbial infestation as the causes of the incident. In a statement issued on Monday, June 13, […]
The Food and Drugs Authority (FDA) has said the process to establish the root cause of the recent food contamination at Marwako Restaurant at the East Legon branch has been “unfortunately hampered by the unapproved and unilateral decision of the management of Marwako to destroy some of the food items whilst the investigation was in progress.” […]
President Nana Addo Dankwa Akufo-Addo has commissioned 100 mercury-free gold processing machines to promote sustainable mining in the artisanal small-scale mining sector. The intervention is also meant to do away with the harmful effects of the use of mercury for gold production. The mercury-free machine consists of a jaw crusher that crushes bigger rocks from […]
Beginning next year, the Ghana Revenue Authority (GRA) will replace Tax Identification Numbers (TINs) with the Ghana Card numbers. This will enable the authority to access information from other government agencies, including the Social Security and National Insurance Trust (SSNIT), the Driver ad Vehicle and Licensing Authority (DVLA), the National Health Insurance Authority (NHIA) and […]
The Komenda Sugar Factory (KSF) will start the processing of unrefined sugar, molasses until it is able to grow raw materials on its own to feed the plant. Management has almost concluded arrangements to import molasses to refine at the factory. The refining of sugar would augment processing of sugar from local farmers who would […]
