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Boosting cashew industry:farmers urge active engagement (Audio)

cashew 1

Cashew farmers have appealed to government to be involved in various processes of revamping the sector. They fear the industry could suffer a similar fate if mistakes in the management of the cocoa sector are repeated. The comments come on the back of increased contribution of cashew to Ghana’s export revenue despite the little attention. Anita Arthur has been finding ...

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NEDCo dissatisfied with utility tariff reduction


The Northern Electricity Distribution Company (NEDco) has expressed its reservation at the decision by the Public Utilities Regulatory Commission (PURC) to reduce electricity tariffs for consumers, effective March 15, 2018. The power distributor however says it is ready to comply with the PURC’s directive. The utility regulator on Monday, March 5, 2018 announced that it has reduced electricity tariffs between 10 ...

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Vodafone confident of network systems despite NCA’s rules

Vodafone Ghana CEO - Yolanda Zoleka Cuba

Vodafone Ghana has assured that it has met all regulatory requirements that have been set by the National Communications Authority (NCA) to enhance consumer satisfaction. The assurance comes after the NCA had given all telcos in the country up till the end of February 2018 to conform to industry standards such as accurate billing of services to customers, voice quality ...

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Textile workers demand 20% more reduction in utility tariffs


The Textile, Garment and Leather Employees Union (TGLEU) say they are not satisfied with the 30 percent reduction in utility tariffs. According to them, the reduction will not solve the numerous challenges facing their industry, hence they will still face challenges that may lead to an eventual collapse of the industry. The union had earlier called for a 50 percent ...

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We’ve restored fiscal discipline—President Akufo-Addo


President Akufo-Addo has reiterated that the fiscal discipline regime being embarked upon by the government is already yielding some good results for the country. According to him, major macroeconomic figures are beginning to show positive trends while, the fiscal deficit is reducing. Speaking at the 61st Independence Day celebration in Accra, President Akufo-Addo maintained that fiscal discipline has now being ...

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IMF confident Ghana will meet April review requirement


The International Monetary Fund is confident Ghana will implement outstanding measures needed for a successful review of its $918 million aid programme next month, the Fund’s Ghana chief said on Monday. Ghana is in the final year of the programme, signed in April 2015 to restore stability to the economy due to high public debt and low growth,with inflation consistently ...

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Reduced tariffs: Mining firms to save 3 million dollars annually


Businesses particularly those in the mining sector, are expected to save millions of dollars to be channeled into other investments to grow their companies following the reduction in electricity tariffs. The Public Utilities Regulatory Commission (PURC), on Monday, March 5, 2018, announced that electricity tariffs will go down between 10 and 30 percent for various categories of consumers. The decision ...

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Barclays Bank Ghana targets acquisitions as it rebrands

Barclays Bank

Barclays Bank has disclosed to Citi Business News plans to undertake major acquisitions in the country as it rebrands to Absa by June 2020. Managing Director of the Bank, Patience Akyianu explains that her outfit has already begun talks with regulators and shareholders ahead of the move. Barclays Africa Group last week announced that it is seeking regulatory approval to ...

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1D1F companies to benefit from cheap funds

Gifty Ohene Konadu

Government is still in talks with banks in the country, to arrive at a common interest rate for all companies under the One District One Factory Program. That’s according to the National Coordinator for the One-District-One-Factory (1D1F) Secretariat, Gifty Ohene Konadu. So far GCB, Access Bank, UMB and the Ghana Import and Export Bank (EXIM), have signed up to support ...

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PURC reduces electricity tariffs; 17.5% for homes, 30% for businesses


The Public Utilities Regulatory Commission (PURC), has announced a general reduction in electricity tariffs effective March 15, 2018. Residential customers per the new tariff cuts are to enjoy a 17.5% reduction, while non-residential customers will see tariffs cut by 30%. Those in the mining sector have also been given a 10% tariff cut, and 25% cut for Special Load Tariff ...

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Ghana Business News