Tag: Ghana Business
-
ACEP displayed ‘ignorance’ in ‘dirty diesel’ report – NPA boss
The National Petroleum Authority (NPA) has dismissed reports that it is to blame for the dumping of ‘dirty diesel’ on the Ghanaian market. A report released by the African Centre for Energy Policy (ACEP) and its partner, Public Eye, has revealed that Swiss commodity trading firms are exploiting lax regulatory standards to sell to African…
-
Trafigura, Vitol, others selling dirty diesel to Africa – Swiss NGO
Ghanaian Civil society group, the African Centre for Energy Policy, ACEP, has revealed through its partners, a Swiss NGO, Public Eye, how Swiss commodity trading firms are exporting what they call ‘dirty diesel’ to Africa. ACEP in a statement signed by its Deputy Executive, Benjamin Boakye, made this known in a report it launched on Thursday, September 15,…
-
Citi Business Olympics: HFC Boafo threatens stiff competition
One of the new entrants in this year’s Citi Business Olympics, HFC Boafo, is cautioning all others to stay away and allow them demonstrate their prowess. HFC Boafo is a subsidiary of HFC Bank and focuses on micro-financing. Though it is new to the game, Reginald Acheampong who leads the company’s “jama” group wants all…
-
Inflation rate hikes to run into December- GSS
The Ghana Statistical Service (GSS) has stated that the country is likely to see an upsurge in its consumer price inflation (CPI) till the end of 2016. According to the GSS activities of speculators have heightened some exchange rate fluctuations which have seen increase in some goods. Government statistician at the Ghana Statistical Service Dr…
-
Citi Business Olympics: Dannex touts ‘team competence’
Two time winners of women tug of war and a one time winner of men’s five aside beach soccer, Dannex Pharmaceuticals, is promising to pull up more surprises at this year’s Citi Business Olympics. Undoubtedly one of the largest pharmaceutical industries in Ghana, Dannex says it is confident of winning more trophies this time round…
-
NDC’s all districts agric mechanization ambitious – GAWU
The General Agricultural Workers’ Union (GAWU) has cast doubts over the NDC’s manifesto promise to provide every district with a farming mechanization center when elected into power. Not only do the agric workers view the promise as an ambitious one, they also believe the targets are misplaced. “If we are talking about having a mechanization…
-
#Biz Olympics: Insight Grey Advertising set to claim all trophies
Advertising company, Insight Grey Advertising Limited has reiterated its confidence of sweeping all trophies at stake at this year’s Citi Business Olympics. Insight Grey Advertising Limited is a member of the Argon Group of Companies and also affiliated to Grey Worldwide, a global leader and top-ten US agency with expertise in all marketing disciplines. Grey…
-
Inflation increases to 16.9 % in August
Ghana’s consumer price inflation has increased marginally to 16.9 percent in August 2016. The figure moved up from 16.7 percent recorded in July 2016. According to the Ghana Statistical Service, the monthly change rate for August was negative 6 percent compared to the 0.9percent recorded in July. Addressing the media on Wednesday, Government Statistician, Dr.…
-
Low investor confidence reduced 5th Eurobond maturity
Some economists have strongly suggested that the lack of investor confidence in the Ghanaian economy, led to the reduced maturity period for government’s 750 million dollar Eurobond. According to a Senior Lecturer at the University of Ghana, Dr. Lord Mensah, the lack of trust in the Ghanaian economy led to a coupon rate of 9.25%.…
-
Economist downplays effect of pay rise on IMF deal
A Labour Economist, Dr. William Baah Boateng has shot down any significant impact on Ghana’s commitment with the International Monetary Fund (IMF), over an increase in public sector wages. According to him, the decision may have taken into consideration government’s commitment to maintain high fiscal discipline under the economic assistance program with the IMF. “At…