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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

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    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

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    GHASALC laments drop on number of digital transactions following e-levy

    Italy’s top producers of agro-tech products explore opportunities in Ghana

    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Gov’t to absorb electricity bills for lifeline consumers, others to enjoy 50% cut

byNerteley Nettey
April 10, 2020
in Local Economy, Top Stories
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Government will entirely cover the bills of low-income consumers of electricity in the country for April, May and June, President Nana Akufo-Addo has announced.

According to him, other consumers who fall outside of this class will also enjoy a 50 percent reduction in the cost of electricity for the same period.

Addressing the nation in his sixth national address on Thursday, 09 April 2020, President Nana Akufo-Addo said this is part of measures to bring relief to Ghanaians in the fight against COVID-19.

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“We have decided on further measures of mitigation for all Ghanaians for the next three months of April, May and June. Government will fully absorb electricity bills for the poorest of the poor, that is, lifeline consumers.  Free electricity for persons who consume 0-50 kilowatt hours per month for this period. In addition, for all other consumers, residential and commercial, government will absorb 50 percent of the electricity bills for this period using your March 2020 bill as your benchmark,” he said.

The President further urged Ghanaians to be disciplined in the use of these utilities.

“This is being done to support industries, enterprises and the service sector in these difficult times and to provide some relief for households. Nevertheless, I urge all Ghanaians to exercise discipline in their use of water and electricity,” he added.

Earlier this week, President Nana Akufo-Addo in his fifth national address on Sunday, April 5, 2020, announced that the government will take care of the water bills for all Ghanaians for the next three months as the nation observes a partial lock-down.

He also announced that water tankers, both, publicly and privately owned are being mobilized to ensure the supply of water to vulnerable communities.

Earlier calls

Following the outbreak of the novel Coronavirus in the country, there have been calls from many individuals and groups asking the President to absorb some basic amenities in the country, including electricity tariffs.

Key among them were the Minority in Parliament and former President John Mahama who argue that absorbing the tariff will help ease the burden on Ghanaians amidst the COVID-19 outbreak.

The Management of the Ghana Water Company Limited also introduced a ‘strategic water supply-demand management plan” in the wake of the COVID-19 pandemic.

As part of its new strategy, it has arranged with “other institutions like the NADMO [National Disaster Management Organisation], National Security and other agencies with water Tankers to support our fleet of tankers in the delivery of water to critical areas.”

The new plan is to determine water volumes that need to be supplied in order to meet the various demands of the general public and that of other essential institutions during the outbreak.

Reduce Electricity tariffs

Also, a Research and Public Policy Think Tank called on the Public Utilities Regulatory Commission (PURC) to review electricity tariffs for all classes of electricity consumers to reflect the current cost of generation in the electricity power mix.

“In the light of the falling prices of the key input fuel for power generation on the world market, it is fair and reasonable for the PURC to consider immediate review of electricity tariffs to give relief to businesses and consumers.”

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