Author: Nerteley Nettey
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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KIC and Mastercard Foundation launch Agri-MSMEs acceleration program
The Kosmos Innovation Center (KIC) in partnership with the Mastercard Foundation have launched the KIC Business Booster – an acceleration program aimed at scaling Micro, Small, and Medium Enterprises (Agri-MSMEs) in the agriculture sector. The KIC Business Booster accelerates the growth of Agri-MSMEs by improving their investor readiness and connecting them to potential funding. Agri-MSMEs…
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We are confident in homegrown recovery plan; IMF still not an option – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has reiterated government’s stance on not seeking a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it take to recover from the issues facing the economy. The government, despite…
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Utility tariff adjustment must favour industries, sustain business growth – GNCCI
As the Public Utilities Regulatory Commission (PURC) engages stakeholders on electricity tariff adjustment in the face of current economic challenges, the Ghana National Chamber of Commerce and Industry (GNCCI) says any adjustment must favour industries. According to the GNCCI, further increases, particularly in energy cost, will be detrimental to the private sector. The GNCCI notes…
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CUTS International justifies calls for review of utility tariffs
Think tank, Consumer Unity and Trust Society (CUTS) International, has backed the push for a review of utility tariffs by the Electricity Company of Ghana and the Ghana Water Company Limited. The Think Tank, however, maintains that there is the need to speedily address the inefficiencies within the system to make the companies sustainable. CUTS…
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Ghana Stock Exchange signs MOU with Jamaica Stock Exchange
The Ghana Stock Exchange (GSE) has signed a historic Memorandum of Understanding (MoU) with the Jamaica Stock Exchange (JSE) to forge a stronger relationship across the stock markets and the economies of both countries. This is the first time such an MoU is being signed with a Caribbean Exchange. It also presents enormous opportunities for…
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Association of Ghana Industries pushes for discounts on imports of raw materials
The Association of Ghana Industries (AGI) is pushing for a special discount on imports of raw materials to make producers more competitive in the country. According to the Association, the move is aimed at helping government build a strong manufacturing sector and aid manufacturers thrive under the African Continental Free Trade Area. The Chief Executive…
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State loses GHC9bn due to reduction in benchmark values – GRA
The Ghana Revenue Authority, GRA, has revealed that government, in the last three years, has lost nearly GHC9 billion in revenue from taxes generated on imported goods as a result of the implementation of the reduction in the benchmark values policy. The amount was lost between April 2019, when the implementation of the policy was…
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Over 120 green businesses attend GCIC’s 2022 national green business roadshow
Ashesi University’s Ghana Climate Innovation Centre (GCIC) recently held two National Green Business Roadshows in the Western and Ashanti Regions. The roadshows were held under the theme of ‘GreenNovate’, with the notion of inspiring and motivating small and growing businesses to either start climate-smart innovative businesses or to deepen their operations and business strategies to…