Category: Local Economy
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UGBS Alumni donate to Good Shepherd Orphanage
The Alumni Body of the University of Ghana Business School, UGBS, has donated food items and conducted a free medical screening for the Good Shepherd Orphanage located in Ofankor, Accra as part of their commitment to give back to society by supporting children in need. The items donated which include bags of rice, tissues, t…
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November 1st presents earliest opportunity for removal of PSRL – NPA
The National Petroleum Authority (NPA) says the earliest opportunity for the removal of the Price Stabilisation and Recovery Levies (PRSL) in the price build-up of petrol, diesel and Liquefied Petroleum Gas (LPG) would be the 1st of November. The NPA on the 11th of October announced that President Akufo-Addo had approved the removal of the…
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Chamber of Fertilizer-Ghana calls for probe into alleged fake products in Northern Region
The Chamber of Fertilizer-Ghana has stressed the need for standards of fertilizer production and distribution to be raised and monitored carefully. The chamber made the call following claims by farmers in the Nanumba North Municipality in the Northern region that the authorities sold them bad fertilizer which is negatively impacting their crops. According to the…
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Consider entrepreneurship, public sector payroll full – Ofori-Atta to youth
The Finance Minister Ken Ofori-Atta says government is not looking at employing more public sector workers, as enough resources are already being spent on the over 600,000 persons on government’s payroll. According to the 2021 budget statement, compensation of employees alone as a line item would amount to about GHC 30.3 billion or about 54…
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Use 2022 budget to reset fiscal policy to create credible path towards sustainability. – BoG to Government
Governor of the Bank of Ghana, Dr. Ernest Addison, is urging government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium term fiscal sustainability. According to him, this is crucial to accelerate financial stability for the country. Speaking at the 10th edition of the Ghana Economic Forum…
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Scrapping of PSRL stalls as fuel prices rise to GH¢6.80 per litre
The much-anticipated removal of the Price Stabilization and Recovering levy of 16 pesewas in the price build-up of fuel at the pumps is yet to take effect even as the second pricing window commences. This is because Parliament is yet to give the National Petroleum Authority (NPA) the approval needed to scrap the levy. While…
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GSA to start electro-vigilance to deal with traders selling substandard electrical products
The Ghana Standards Authority has announced plans to apprehend and severely sanction all Traders found selling substandard electrical products on the market. To this end, the authority will from next week be conducting swoops across the various markets in the country to arrest all persons found culpable. The vexed issue of substandard electrical products on…
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Rising inflation may adversely affect purchasing power of consumers – Economist
Economist with Databank Courage Martey says the rising level of inflation if unchecked could impact the purchasing power of Ghanaians. The current year-on-year inflation rate of 10.6% for the month of September is the highest since July 2020 and higher than the government’s end of year target of 8 percent. For four months in a…
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Nigerian traders present documents to Ghana’s presidential taskforce on trade
Nigerian traders engaged in Ghana’s retail space who have presented legal documents for the registration of their businesses will be able to conduct their operations peacefully. This follows the presentation of documents of such traders by the leadership of the Nigerian Union of Traders Association (NUTAG) to the new presidential taskforce set up by the…
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Opportunity International holds clients forum for cocoa farmers
Opportunity International Savings and Loans (OISL) as part of its corporate mission to transform the lives of smallholder farmers through its Agriculture finance programme has organized a farmers’ forum for cocoa farmers. The Agricultural programme which started in 2010 has disbursed a cumulative loans amounting to GHS190 million to 161,000 smallholder farmers and SMEs businesses…