Category: Top Stories
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GSA shuts down Fenice Metal for operating without certification
The Ghana Standards Authority (GSA) has shut down Fenis Metal Technology Company, a local electric cable and copper rod manufacturing plant in Prampram, said to be operating without proper certification. The Chinese-owned company was found to be operating without certification. Its products also lacked important information, including product batch numbers, date of manufacture and expiry,…
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Inflation falls for fourth consecutive time, now at 41.2%
Inflation has dropped to 41.2 percent for the month of April 2023. This represents a 3.8 percentage point decrease from the 45.0 percent recorded in March 2023. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday, May 10, 2023. Per the data, food inflation also…
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Players in financial ecosystem urged to collaborate to revive economy
The Managing Director of the Ghana Stock Exchange, Abena Amoah has reiterated the need for players within the financial sector to help resuscitate the Ghanaian economy. According to her, collaborations among players within the financial ecosystem driven by ethical standards will help restore confidence to the local economy. Ms. Abena Amoah made these comments at…
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MTN Ghana to hold 2023 Annual General Meeting on May 30
MTN Ghana will host shareholders at its fifth Annual General Meeting (AGM) on Tuesday, 30th May, 2023. The meeting will be held at the Company’s Head office at MTN House, on the Independence Avenue and be streamed live from 11am. A statement issued by the company said the meeting, “will among other things receive and…
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We won’t go to court; Pay us our coupons – Pensioner Bondholders
The Pensioner Bondholders Forum has disclosed that it will not sue the government over delays in the payment of outstanding coupons of its members. The disclosure was made on the second day of the Forum’s picketing at the Finance Ministry to put pressure on the government to pay their outstanding coupons and principals on bonds.…
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TUC demonstrates to demand reinstatement of sacked union executives by Sunon Asogli
The Trades Union Congress (TUC) has embarked on a demonstration against Sunon Asogli Power Limited for its refusal to reinstate three dismissed workers who happen to be their local union executives. According to the Union, the workers had their contracts terminated because they decided to join the Ghana Mine Workers Union which is under the…
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Ghana cedi to end 2023 at ¢12.40 to a dollar – Fitch
Fitch Solutions has predicted that the Ghana cedi will end 2023 at a rate of ¢12.40 to one US dollar, which is a significant improvement from the 38% depreciation recorded last year. Fitch Solutions argues that this positive trend is likely to be attributed to Ghana securing an International Monetary Fund-support program by May 2023,…
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YouStart program kick off; 50,000 persons to benefit from initiative
The Minister of Trade and Industry, K.T Hammond has reiterated government’s commitment in providing employment avenues for the teeming number of youth in the country. This reiteration comes on the back of the nationwide commencement of the YouStart Initiative being implemented by the Ghana Enterprise Agency. The initiative promises to train about 50,000 youth across…
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Pensioner Bondholders to continue protest today at Finance Ministry
Members of the Pensioner Bondholders’ Forum will today May 9, continue their protest to demand payment of their matured coupons and principals on their bonds. Government has defaulted in the payment of 19 coupons and 3 principals since February after granting the pensioners exemption from the Domestic Debt Exchange Programme (DDEP). The group members yesterday…
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TUC to stage demo today over Sunon Asogli’s refusal to reinstate sacked staff
The Ghana Trades Union Congress (TUC) in solidarity with the Ghana Mine Workers’ Union will today May 9, embark on a demonstration over what it calls abuse of workers’ rights by a Chinese firm, Sunon Asogli Power Ghana. This follows the expiry of an ultimatum given by the Unions for the company to reinstate contract…