Category: Business
-
Do not take advantage of economic crisis to impose high interest rates – GHASALC cautions members
The Ghana Association of Savings and Loans Companies (GHASALC) has cautioned its members against taking advantage of the current economic crisis to impose high interest rates on loans acquired by clients. The Executive Secretary of the Association, Tweneboah Kodua Boakye, lamenting the impact of the cedi depreciation and high inflationary rates on their businesses, also…
-
Food scientists push for stronger collaboration to ensure resilient food systems
Food scientists are calling for a stronger collaboration between government, producers and consumers to help ensure a more resilient food system. In Ghana, it is estimated that 2.5 percent of the population suffer from food-borne illness each year. This is according to the Ministry of Food and Agriculture and a World Bank report. Recently, a…
-
Avoid issuing dud cheques, securing loans will be adversely affected – BoG
The Bank of Ghana is cautioning customers of banks who issue dud cheques to desist from that since it adversely affects their credit report and chance of securing a credit facility with any financial institution. The warning was captured as part of the Central Bank’s financial literacy program dubbed “Improving Your Credit Worthiness”. It is…
-
Consultant to undertake capacity audit of licensed dealing members needed – GSE
The Ghana Stock Exchange (GSE) invites expressions of interest (EOI) from suitable and competent persons to undertake a capacity audit of Licensed Dealing Members (LDMs) with a plan to improve their capacity, aimed at supporting the GSE’s commercial orientation and strategy. The objective of this request for Expression of Interest (RFEOI) is based on the…
-
Ghanaians express concern over NCA’s latest directive on SIM re-registration
Some Ghanaians have raised concerns over the latest directive by the National Communications Authority on the SIM re-registration exercise. The authority announced that Persons who are yet to commence re-registration of their SIM cards or yet to fully complete the process will begin to experience interruptions in their service for two days a week till…
-
Fuel prices to go up between 5% and 10% – IES
Consumers of petroleum products should expect fuel prices to go up between 5% and 10% at the various pumps across the country from September 2022, According to the Institute for Energy Security, IES, this will add close to 70 pesewas to the current prices. Currently, a litre of petrol is going for about GHS11 on…
-
17 OMCs did not pay GH¢249.8m duties, taxes between 2022, 2021 – Auditor General
Seventeen Oil Marketing Companies did not pay duties and taxes totaling GH¢249,800,802.28 on 219,995,530 litres of fuel products lifted for the period January 2020 to December 2021. The Auditor General’s report on the audit of Ministries, Departments and Agencies noted this discrepancy from the Integrated Customs Management System (ICUMS). Twenty-eight Oil Marketing Companies failed to…
-
Deepened stakeholder collaboration needed to sanitize forex bureau sector – BoG
The Bank of Ghana is urging stakeholders within the financial sector to step up their collaborative efforts to ensure that the forex bureau sector is sanitized of all deliberate market practices that are fueling the cedi’s continuous depreciation. This, according to the Central Bank forms part of efforts to ensure the stability of the local…
-
Vlisco MD calls for unity among fashion industry players to weather economic storm
Just like all other businesses and industries are suffering the impact of the current economic situation, Ghana’s fashion industry is also bearing the brunt of the cedi depreciation and high rate of inflation. It is for this reason that stakeholders in the fashion and textile space are calling for more collaborative efforts among themselves in…
-
NPA to ensure vehicles of affected Atimpoku Shell fuel station customers are fixed
The National Petroleum Authority (NPA) has assured customers of the Shell fuel filling station at Adomi Bridge, Atimpoku, in the Eastern Region whose vehicles were damaged after they were sold water–laced petroleum products of a redress. According to the NPA, it will compel the Oil Marketing Company to fix the vehicles of affected customers. The…