The Electricity Company of Ghana (ECG) is collaborating with the Judicial Service to introduce special utility courts in a bid to curb the power theft cases which have grown in leaps and bounds around the country.
The Company’s deputy Managing Director (Engineering and Operations), Kojo Ayensu Obeng, disclosed this initiative...
Last month, Fitch Ratings agency upgraded Ghana's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'CCC' from 'RD' on account of completing the local debt restructuring programme effective February 21.
However, the rating agency has downgraded the nation's LTLC to restricted default (RD) - from 'CCC', due to missed payments...
Provisional data released by the Ghana Statistical Services (GSS) show economic growth slowed to 3.7 percent in the fourth quarter (Q4) of 2022 compared to 5.6 percent in the same period in 2021.
The provisional real quarterly gross domestic product (GDP) data indicate that non-oil GDP also declined from 6.9...
While it is generally acknowledged that 70% of Ghana’s economy is the informal sector (GSS, 2017), it is also the sector in which SMEs are found.
SMEs in Ghana contribute about 70% to GDP and provide about 85% of manufacturing employment. However, in spite of its potential contribution to alleviating...
Twenty completed automated premix outlets will be opened by December in different locations across the country, the Ministry of Fisheries and Aquaculture Development (MoFAD) has disclosed.
The move seeks to streamline discrepancies in the premix fuel distribution chain, and will curb issues of middlemen, hoarding and corruption in the premix...
Is it not ironic that the Northern Electricity Distribution Company (NEDCo), a subsidiary of the Volta River Authority (VRA), spends GH¢120million every month to make electricity available for consumers and yet NEDCo was owed about GH¢1.2billion by consumers as at January 2023?
Additionally, NEDCo owes its parent company, the VRA,...
Complying with tax regulations often result in increased costs and a significant reduction in profits. In recent times, there has been cause to complain about the number of taxes businesses are being burdened with.
However, a coalition of civil society organisations (CSOs) has welcomed the of excise duty on products...
The Department of Factories Inspectorate, a department under the Ministry of Employment and Labour Relations, is in utter neglect - posing grave harm to factory workers and Occupational Safety and Health (OSH) issues.
For instance, an estimated 800 inspectors are required to effectively oversee the supervision of factories’ health and...
Already, market watchers are predicting that the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will keep the benchmark policy rate at its current level at the next meeting in May, following a significant decline in consumer inflation to 45 percent in March 2023.
Since inflation is set...
There is high consumer demand for chocolate that is free from child labour and deforestation in the developed world.
The fourth edition of the Chocolate Scorecard surveyed the world’s biggest chocolate companies to find out how they are addressing key challenges in the cocoa-chocolate value chain.
This year’s scorecard ranked 83...