Industries could heave a sigh of relief by January, following a revelation by Vice President Mahamudu Bawumia that power tariffs could be reduced by as much as 25 percent.
“We will actually be seeing some significant reduction in the cost of electricity for industrial production next year in Ghana, and...
The Zongo Development Fund Bill and the Northern Development Authority (NDA) Bill, have been passed by Parliament on Friday.
The Zongo Development Fund bill seeks to establish the legal framework for the implementation of the Zongo Development Fund.
Muslim students are expected to benefit from scholarship packages under the Zongo Development Fund.
$50...
The Minister for Finance, Ken Ofori-Atta will be presenting the 2018 budget statement and economic policy of government on November 15,2017 which is expected to focus on Industrialization; Agriculture and consolidation gains made after almost a year in office.
This was communicated to Members of Parliament during the presentation of...
Inflation for last month dropped to 11.6 percent, the lowest in over four years, after prices in non-food items such as transportation among others saw some significant downward movement.
October’s inflation was a 0.6 percentage points improvement on the 12.2 percent recorded in September - meaning general prices of goods...
…as GH¢5-6bn expected from minimum capital raise
With banks gearing up to raise their stated capital to GH¢400million each from the current rate of GH¢120million, the industry is expecting about GH¢5-6billion in fresh capital - and Frank Adu, Managing Director of CAL Bank, is urging his colleagues to be...
The maximum storage capacity a Liquified Petroleum Gas (LPG) station can have is 20 tonnes, the National Petroleum Authority has directed following the tough stance taken by Cabinet to forestall the deadly gas explosions the nation is becoming ill-reputed for.
Appearing before parliament’s Mines and Energy Committee, CEO of the...
The CEO of the Driver and Vehicle Licencing Authority (DVLA), Mr. Kwesi Agyeman Busia, has said only 61 percent of drivers in the country are lawfully licenced - and 60 percent of vehicles on the road do not go through proper vehicle-testing procedures.
He said the situation was created by...
The dream of owning your own home has an alluring pull – it marks the end of paying rent, the start of financial peace, and the first of hopefully many assets you aim to leave to your children.
Unfortunately, the reality is that homes are expensive in Ghana. Both macro...
Meridian Port Services (MPS) has awarded the second largest contract in the ongoing Tema Port Expansion project for land and civil works worth $120 million.
The contract was awarded to a consortium formed by EIFFAGE Génie Civil which is the fifth largest construction company in Europe and 12th largest in...
The Commissioner of the Customs Division of the Ghana Revenue Authority, Isaac Crentsil, has ordered that all intermediary transactions between Customs officers and goro boys at border points should cease with immediate effect.
The agents or goro boys at the Ghana-Burkina Faso borders hitherto charged an amount of 10,000 CFA...