Category: Local Economy
-
Continuous hikes in food prices push inflation for October to hit 40.4%
Continuous increases in prices of food, housing, transport, water, electricity and other fuels have pushed Ghana’s inflation rate to hit 40.4 percent for the month of October 2022. This represents a 3.2 percentage point increase over the 37.2 percent recorded in September 2022. This was captured in the Consumer Price Index (CPI) data released by…
-
Manufacturers call on government to actively purchase made in Ghana goods
To grow the local economy and industry the government must lead the way by ensuring it prioritizes sourcing from local businesses and institutes policies to check foreign competition for such entities. Players in the manufacturing sector believe these parameters are critical amidst the present economic turmoil and will improve the country’s fortunes. Elisabeth Owusu Gyebi…
-
Kel Toothpaste adjudged Oral Care Product of the year
Samara Company Limited has picked up an award at the just ended 2022 National Customers’ Choice Awards Ghana. This adds to the numerous recognitions the company has enjoyed over the years following their efficient products on the market. The award which was organized by KN Unique and held on Friday, 28th October, 2022 at the…
-
39 new free zones companies to inject $230m into economy
The Ghana Free Zones Authority has revealed that it expects about US$230 million to be injected into the economy from thirty nine newly licensed companies by the Authority. The thirty-nine new free zones companies which were licenced to operate within the last year and a half are also expected to bring in about US$529 million…
-
Defunct BEIGE Bank’s CEO hit with new charges of theft, money laundering
Michael Nyinaku, the founder of the defunct BEIGE Bank, is facing new charges of theft and money laundering. Before these new charges, he was already arraigned and accused of stealing over GH¢340 million at a circuit court. According to the facts of this new case at the High Court, when Beige Bank’s license was revoked…
-
Sliver Star Auto Ltd. launches Eicher buses and trucks
In its quest to present clients and customers with a comfortable and secured driving experience, leading automobile dealer, Silver Star Auto Limited has launched two new Eicher brands onto the Ghanaian automobile market. The two new brands which are the Eicher buses and trucks are a division of Volvo manufactured in India. Eicher brands promises…
-
Revive TOR to provide reliable and affordable fuel – IES to Prez Akufo-Addo
The Institute for Energy Security, IES, has reiterated the need for government to do all it can to ensure the Tema Oil Refinery is revived, in the wake of hikes in prices of fuel at pump stations. The call by the Institute comes on the back of a recent announcement by President Akufo-Addo that steps…
-
GCB embarks on breast cancer awareness walk
Indigenous Bank, Ghana Commercial Bnak PLC has embarked on a sensitisation walk as part of activities to create awareness of breast cancer. The walk was part of efforts for create more awareness to its customers and the general public about the impact of breast cancer on both men and women. It was on the theme:…
-
Govt. reiterates commitment to national export development strategy
The Ministry of Trade and Industry has reiterated government’s commitment to the National Export Development Strategy (NEDS) to boost export opportunities for local industries This comes on the back of President Akufo Addo’s address to the nation on Sunday October 30 on the measures government is putting in place to save the ailing economy. Speaking…
-
Fuel prices cross GHs. 23.00 at the pumps
Fuel price has hit an all-time high at the pumps with Petrol selling at GHS17.99 per liter and diesel retailing at GHS 23.49 a litre. This comes barely three days after members of the Ghana Road Transport Union announced an increment in transport fares by 19 per cent due to the rampant increase in fuel…