Category: Business
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Fact-check: Dr. Bawumia’s 15 million mobile money users claim, others checked
The Vice President of Ghana, Dr Mahamudu Bawumia on Wednesday, August 19, 2020, while addressing the New Patriotic Party’s (NPP) third town hall meeting and results fair in Accra, made a number of claims regarding mobile money interoperability and the gains made with its introduction. Among other things, Dr Bawumia said Ghana has become the…
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Finance Ministry briefs faith-based organisations on Agyapa Royalty agreement
The Ministry of Finance has held separate virtual meetings with the Social Partnership Council (SPC) and the leadership of Faith-Based Organizations (FBOs) as part of its stakeholder engagement and consultations drive to deepen the understanding of the Agyapa Royalty transaction. The Social Partnership Council is made up of the Labour Unions, Ghana Employers Association and…
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Inflation drops to 10.5%; lowest rate since April 2020
Ghana has recorded its lowest National year-on-year inflation rate since the country recorded its first Coronavirus case in March. The inflation rate for August which is 10.5 percent represents a 0.9 percentage point drop from the 11.4 percent recorded in July this year. The significant reduction was influenced by the lower inflation levels of food…
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Sellers of local artefacts hopeful of increase in sales after airport reopening
Dealers in locally made artefacts are looking forward to the government’s intervention to boost their business in these times of COVID-19. These dealers, who heavily depend on purchases by foreigners to push their businesses say the initial closure of the airport and other borders have drastically reduced their income level. The COVID-19 pandemic, which has…
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We’re confident Nana Addo’s ECOWAS appointment will help address trade disagreements – GUTA
The Ghana Union of Traders’ Association (GUTA), says it is hopeful that the President, Nana Akufo-Addo’s appointment as the ECOWAS Chair will help address trade-related issues among members of the Community. GUTA said this in a statement to congratulate the President on his new appointment as the Chairman of the Economic Community of West African…
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COVID-19 pandemic: Supply of Aviation Fuel dropped by 60 % in 1st half of 2020
The supply of jet fuel to local and international airlines landing and taking off in Ghana witnessed a drop of about 60 percent in the first half of 2020. That’s according to data from the National Petroleum Authority, NPA. The dip in supply dropped to as low as 86 percent in the month of April…
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Stakeholders urge Gov’t to amend or scrap law on importation of ‘accident cars’
A promise by the opposition National Democratic Congress, NDC, to scrap a new law sponsored by the incumbent government to ban the importation of salvage cars and second hand cars of not more than years old, has rekindled the already existing protest against the law. In response to the NDC Manifesto promise however, the Automobile…
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Official Liquidator for defunct Fund Managers seeks clients’ help to prosecute ex-officials
The Registrar General, Jemima Oware, has asked disgruntled clients of defunct fund management companies to furnish her with any evidence suggesting misconduct by former directors of the affected companies, to enable her take legal action against them. She said this in reaction to calls by participants in the ongoing creditor meetings for the official liquidator…
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Registrar-General deploys Central Beneficial Ownership Register for extractives; other high risk sectors
The Register-General Jemima Oware, has announced the deployment of a new Central Beneficial Ownership Register for all companies operating in the country. According to her, the deployment will begin from the 21st to the 28th of September, 2020, with the extractive industry and other high risk sectors like banks and other financial institutions. The use…
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Ghana Tuna Assoc. calls for Gov’t support as vessel attacks threaten their operations
The Ghana Tuna Association has called on the Ministry of Fisheries and Aquaculture and the government of Ghana to take steps to rescue the sector from collapse as they are on the verge of losing their major partners in the business. The local tuna industry is patronized mainly by Koreans who provide the fishing vessels…