Category: Business
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We’ll engage supermarkets to promote made in Ghana goods – Ministry of Trade
The Ministry of Trade and Industry has stated that it is taking the necessary steps to help increase the stock of various made in Ghana goods on the shelves of supermarkets in the country. This follows a recent survey by an international business advisory firm, Konfidants which revealed that only 26 percent of goods sold…
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Sunon Asogli announces plans to venture into renewable energy
Sunon Asogli, Ghana’s leading Independent Power Producer has indicated plans to venture into the renewable energy space. According to the IPP, it plans on establishing a 50 megawatts wind power project in Ada with an estimated cost of 127 million dollars. The project will require 18 months to be completed and have a 20-year operational…
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BOST targets Sahelian countries after reviving Bolga Depot
Ghana’s quest to serve as a hub for petroleum products in the sub-region received a major boost following the revival of the Bolgatanga Depot of the Bulk Oil Storage and Transportation Company Limited (BOST). The facility which has a capacity to hold about 46.5 million litres of petroleum products has been dormant since 2018 largely…
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Gaming industry players call for more consultation on proposed gaming tax
Players in the gaming industry have called for a broader stakeholder engagement with the government ahead of plans to tax their business. According to them, taxing the industry may have an adverse effect on their business. The move to tax the industry follows the government’s concerns that Ghana loses over GHS300 million annually in revenue…
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Government will get TOR back on its feet – Energy Minister
The Minister of Energy, Matthew Opoku Prempeh, has expressed the government’s commitment to ensuring the country’s only Refinery, Tema Oil Refinery, TOR, is up and running. The refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister says…
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FBNBank Ghana marks first anniversary of its ‘game-changer’ contact centre
In a situation where service providers have a lot in common in terms of their offerings, what really makes the difference is how the products or services are packaged and generally how their brands, mounted on a number of pillars including a strong promise, delivers customer service. Many customers across numerous sectors would acknowledge the…
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Telcos Chamber urges telecoms union to reconsider strike
The Ghana Chamber of Telecommunications has urged the Telecom and IT Professionals Union to consider dialogue instead of striking over a pay dispute. “While the Chamber acknowledges and respects the right of TIP to negotiate for favourable conditions of services, the body is appealing to the union to continue to pursue their demands through negotiation…
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Only 26% of goods sold in top supermarkets are made in Ghana – Survey
Locally manufactured goods are struggling to make it to the shelves of leading supermarkets in Accra. This is according to research conducted by Konfidants, an international business advisory firm. The research, which surveyed nine of the leading supermarkets and two fuel stations in Accra on 19 product categories, showed that only 26 percent of all…
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Government seeks $5.5 billion to settle remaining clients of defunct FMCs
The government is seeking the approval of US$5.5 billion to complete payment of the bailout packages to the remaining customers of defunct fund management companies who are yet to be settled. “Mr. Speaker, for the Securities and Exchange Commission to fully settle investors of the remaining 17 AMCs [asset management companies], an amount of GH¢5.5…
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NIC donates 500 GoTa phones to Police Service to boost fight against fake Motor Insurance
The National Insurance Commission (NIC) has presented 500 GoTa phones to the Motor Traffic & Transport Department (MTTD) of the Ghana Police Service for enforcement activities. These security devices are meant to detect vehicles with fake motor insurance policies plying the roads. Presenting the items to the Police at an official ceremony at the Police…