Author: Ellen Dapaah
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We’ve not exceeded our financing limit to the budget – BoG
The Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) that it has significantly reduced its support to the budget in compliance with the directive that placed a cap on the bank’s financing. At the PAC sitting on Wednesday, September 2, First Deputy Governor of the BoG, Dr. Maxwell Opoku Afari, said they…
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COCOBOD institutes measures to reduce losses after 2014/2015 shortfall
The Ghana Cocoa Board, has said that following the significant revenue losses recorded in the 2014/2015 crop season, it has put measures in place to avoid such shortfalls. COCOBOD lost about GHS216 million in revenue during the period under review, a situation it said has greatly affected its fortunes. Speaking at the Public Accounts Committee…
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Coca-Cola Bottling Company-Ghana to lay off workers as COVID-19 hits hard
A number of employees of the Coca-Cola Bottling Company of Ghana Limited, will soon be discharged of their duties. This was announced in a statement signed by the Business Unit Managing Director WAC of the Company, Felix Gomis. According to the statement, this declaration of redundancy has come about due to challenges faced by the…
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COVID-19: Patronage of nose masks and sanitizers drops as adherence to protocols diminishes
Ghana’s COVID-19 update as at August 30, 2020, showed a drop in the number of active cases from 1,152 to 1,059. 276 persons who tested positive for the virus have passed away, while over 40,000 persons have since recovered from the disease. Following the consistent fall in the number of active cases, it appears people…
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Angry clients of defunct Fund Management firms arrested for picketing at Finance Ministry
Three members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies were on Tuesday, September 1, arrested for leading a protest at the premises of the Finance Ministry. Members of the group thronged the Ministry of Finance on Tuesday, September 1, 2020, to protest over the exclusion of clients of Blackshield…
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Call Nigerian traders in Ghana to order – GUTA writes to Buhari
The Ghana Union of Traders’ Association (GUTA) has accused members of the Nigerian Union of Traders Association in Ghana (NUTAG) of feeding the President of Nigeria, Muhammadu Buhari with false information concerning retail trade in Ghana. NUTAG, had earlier complained that its members had over time endured a series of “progressive acts of hostility” allegedly…
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Focus on increasing productivity in Ghana – Employment Minister to MDPI
The Minister for Employment and Labour Relations, Ignatius Baffour Awuah has tasked the Management Development and Productivity Institute (MDPI) to focus on its core mandate of providing training for Ghanaians to increase productivity at workplaces. MDPI, a subvented agency under the Employment Ministry, is involved in promoting increased productivity in organizations through specific programmes which…
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GARDJA urges speedy operationalisation of cocoa farmers’ welfare fund
The Ghana Agricultural and Rural Development Journalists Association (GARDJA) has at the launch of its new cocoa advocacy initiative trumpeted the urgent need for the Ghana Cocoa Board to with immediate effect, operationalise a welfare fund to support cocoa farmers. The National President of GARDJA, Richmond Frimpong, noted that the welfare fund concept as enshrined…
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Lapaz: Second-hand clothes sellers decry low sales amidst COVID-19
Dealers in second-hand goods are lamenting a fall in revenue following the outbreak of the novel coronavirus. The outbreak of the disease in the latter part of 2019 has bitten hard on almost every economic activity as no sector in the global economy has been spared. Ghana’s government, like many governments across the world, has struggled…
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Basing Agyapa Royalties in tax haven disappointing – Terkper
Former Minister of Finance, Seth Terkper says the Finance Ministry’s defence for incorporating Agyapa Royalties Limited in Jersey of the Channel Islands as a means to avoid paying extra taxes on mining royalties is disappointing. Jersey is a known tax haven and a destination for incorporating companies that want to be listed on the London…