Author: Bobbie Osei
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Manufacturers to pass on increased tariffs to consumers—Chamber of Commerce warns
Manufacturers are likely to transfer to Ghanaians, the cost associated with the recent increase in electricity and water tariffs announced by the Public Utilities Regulatory Commission (PURC). That’s according to the Ghana National Chamber of Commerce and Industry (GNCCI). The Utility Services Regulator recently approved an 11.17 percent tariff increment for electricity and 8.1 percent…
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‘Findings about supermarkets’ low retail of made in Ghana goods should inspire action’
The Ghana National Chamber of Commerce and Industry (GCCI) has called for a sustained effort by multiple stakeholders in the promotion of quality made in Ghana products. The comments follow recent research conducted by Konfidants, an international business advisory firm, which shows that goods manufactured locally are struggling to make it to the shelves of…
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We’re ready for AfCFTA Implementation – ECOWAS Brown Card Secretariat
The Secretariat which is responsible for coordinating the implementation of the ECOWAS Brown Card Insurance Scheme says it is engaging with key stakeholders across the continent, to ensure that the insurance scheme remains robust even as the African Continental Free Trade Agreement (AfCFTA) comes into force this month. The African Continental Free Trade Agreement (AfCFTA), signed by 44 African countries,…
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Inflation rate for May declines to 9.4 percent
The inflation rate for May 2019 dropped marginally to 9.4 percent from the 9.5 percent recorded in April 2019. This represents a 0.1 percentage point decrease. According to the Ghana Statistical Service (GSS), the price drivers for last month’s rate were food and non-food items. In an interview with Citi Business News, the Deputy Government…
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We’ll demonstrate, close down schools after June 26 if you don’t pay us — Contractors
The Association of Building and Civil Engineering Contractors of Ghana say they will not just shut down all schools and class rooms they’ve built across the country, they will also embark on crippling demonstrations across all regions, if government fails to pay all monies owed them from 2016, by the end of June 26, 2019.…
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Outgoing World Bank Country Director urges gov’t to improve ease of doing business
The outgoing World Bank Country Director, Henry Kerali, has challenged the government to among other things, prioritise the strengthening of the business environment in Ghana in order to better compete with other lower-middle-income countries. Ghana is currently ranked 114 among 190 economies in the ease of doing business, according to the latest World Bank annual rankings. In a…
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Malicious messages about Rural Banks can hurt financial sector – Dep ARB Apex Bank MD
The Deputy Managing Director of ARB Apex Bank, Alex Awuah has cautioned individuals responsible for spreading false messages about the state of Rural and Community Banks in the country, to desist from their actions, since they can negatively affect that segment of the financial system. His comments follow a recent call by the Bank of…
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Commercial banks need to take advantage of ongoing reforms – Access Bank MD
Universal Banks in the country have been challenged to take advantage of the ongoing clean-up exercises in the non-bank financial sectors such as the Microfinance sector to extend their services to the micro level. According to the Managing Director of Access Bank Olumide Olatunji, the recent reforms by the Bank of Ghana can be viewed…
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Farm gate prices should be influenced more by farmers – Stakeholders
Stakeholders in the cocoa value chain in Ghana have bemoaned the low level of impact of farmers on the Cocoa Producer Price Review Committee when it comes to the setting of farm gate prices for cocoa. According to them even though farmers are represented on the committee, they don’t wield much power to influence the…
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Disregard messages on social media about Rural and Community Banks – BoG
The Bank of Ghana has called on the public to disregard some malicious messages circulating on social media platforms such as WhatsApp and Facebook. According to a press release from the Central Bank, the messages create the false impression that an intended “clean up” of Rural and Community Banks (RCBs) sub-sector by the Bank of…