Tag: Ghana Business
-
THC stopped, businesses yet to be refunded
Almost a month after shipping lines were ordered by the President to stop charging the Terminal Handling fees at the ports, the business associations say are yet to get their monies refunded. The business associations say although the ship owners have stopped charging the THC, they have so far refused to refund their monies to them despite numerous…
-
AGI renews pressure for lower utility tariffs
The Association of Ghana Industries (AGI), has made a fresh case for electricity tariffs to be reduced and render them competitive. The AGI says the high cost of utility still hampers the efforts of its members to expand their businesses and employ more people. “The apparent silence by businesses in the last few months on…
-
New oil refinery promises are ambitious – ACEP to political parties
The African Centre for Energy Policy (ACEP), wants political parties seeking to establish new oil refineries to be cautious, describing the decision as defeating economic principles with the current performance of the state’s oil refinery. The caution comes on the back of continuous monitoring of manifestoes of political parties on developing the country’s petroleum sector…
-
Banks’ average base rate increases to 27.8%
The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and advances by commercial banks in the country has increased marginally between May and September this year. The figure increased from 27.5 percent…
-
Spread developments to avoid budget overruns – Economist
Government has been cautioned against embarking on developmental projects only during election years. “It’s very important that the government remains firm in its commitment and not to get carried away by the pressure to spend. This attitude of only seeing development in the year of election is something that as a country we should move…
-
Data and analytics to attract investments into African economies – PwC
A partner of PricewaterhouseCoopers, Femi Osinubi, has stressed the need for businesses across Africa to place much emphasis on data and analytics in order to attract more investments into their respective countries. He contends, though businesses have demonstrated the relevance of data to their business growth, their seeming inability to scrutinize the information for further…
-
CBOD demands swift commitment in providing quality diesel
The Chamber of Bulk Oil Distributors (CBOD), wants government to expedite processes of providing funding for the Tema Oil Refinery (TOR) to meet the new sulphur specification content for imported diesel. It comes on the back of an ambitious plan by the ECOWAS member states to review the sulphur specification content for all refineries in…
-
Vodafone CEO urges fight against demand side of cable theft
The CEO of Vodafone Ghana, Yolanda Cuba, is urging the Ministry of Trade and Industry to intensify its supervisory role in reducing cable theft in the country. Madam Cuba believes the continuous demand for such products will make it difficult to halt the illegality if the laws are not enforced. “We have gone to the…
-
Ghana is ready to handle oil spills – EPA
Ghana is ready to handle any oil spillage should such an incidence happen. This is the assertion by authorities of the Environmental Protection Agency (EPA). According to the agency, various governmental bodies have been set up with measures put in place to ensure any such occurrence is immediately taken care of. With Ghana now an…
-
‘Standard’ diesel sulphur content not to cause job losses – UNEP
The United Nations Environment Programme, (UNEP), has ruled out possible job losses in an attempt to reconfigure national refineries to meet acceptable standards for sulphur contents for diesel. According to UNEP, adjusting refinery systems to produce quality diesel will rather increase efficiency and create more jobs. “A lot of times when the refineries are upgrading,…