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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

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

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    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

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Ride-hailing app drivers threaten to embark on sit down strike today

byMichael Ogbodu
May 11, 2021
in General
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Users of ride-hailing apps may experience some challenges commuting as the Ghana Online Drivers Union commences its two-day nationwide sit-down strike from today, May 11, 2021.

The drivers are using the protest to put pressure on managers of the app to increase fares charged patrons of the platform.

They have justified their action attributing it to the recent hike in fuel prices, security concerns among others.

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The spokesperson of the group, Benjamin Arthur called on users of the ride-hailing apps to cooperate with them as they drive home their concerns.

“The users of the app should stay away from requesting rides. Some might want to be online but if the riders don’t request, the app operators will also notice that there is something going on. So it’s taking effect today. We would encourage every online driver to for our own safety and for the betterment of the work that we are doing to stay offline so that the app operators will know that we are serious.”

According to the president of the Association, Francis Tenge, this recent development is negatively hampering their operations as the hailing app operators are not open to review fares upwards.

“The base fare on Uber and Bolt is GHS4 as compared to that of a taxi which is GHS4 and they don’t pay the service fee. So an increase in fuel prices means we aren’t making any money and our wives are complaining.

He further raised some concerns about their working conditions while calling on the government to look into the activities of ride-hailing apps.

“We are also calling on the government to regulate the app companies. Because of competition, they are all doing whatever they want to gain the market. So if the government comes in and regulates the market, everything will be normal.”

Fuel prices went up from GHS5.45 to GHS6.5 after the introduction of some new taxes in the 2021 budget statement which took effect from May 1st.

This move forms part of the government’s plan to revive the economy amid the COVID-19 pandemic.

The group had in 2019 carried out a similar action over related concerns.

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