Glovo to cease operations in Ghana on May 10
Popular food delivery service, Glovo, has announced its decision to cease operations in Ghana, effective May 10, 2024, at 10 pm.In a communication...
Price of LPG per kilogramme constitutes 22% of taxes – LPG Marketers Association
About 22% of the price Ghanaians pay per kilogramme for Liquified Petroleum Gas (LPG) is taxes, the LPG Marketers Association has revealed.According to its...
Philips pays $1.1bn to settle respirator case
Dutch medical products maker Philips says it has reached a $1.1bn (£877m) deal to settle lawsuits in the US relating to potentially faulty breathing...
Don’t panic, your contributions are safe – SSNIT assures beneficiaries
The Social Security and National Insurance Trust (SSNIT) has refuted claims suggesting potential challenges in meeting its financial obligations to beneficiaries in the future,...
Ghana retains 10th position with lowest fuel price in Africa
Ghana retained its 10th position with the lowest fuel price in Africa in April 2024, GlobalPetrolPrices.com has revealed.Accordingly, Ghana’s average fuel price of $1.051 per...
IMF advises Sub-Saharan African countries to invest borrowed funds wisely
Wenjie Chen, the Deputy Division Chief of Regional Studies in the African Department at the International Monetary Fund (IMF), has advised Sub-Saharan African (SSA)...
Ghana Shippers’ Authority initiates steps to sign Service Level Agreements with stakeholders
In a bid to enhance transparency and accountability in the Shipping and Logistics sector, the Ghana Shippers' Authority has initiated steps to sign Service...
SML fully delivered on Transaction Audit Service Agreement with GRA
Strategic Mobilisation Ghana Ltd (SML) has rejected claims by auditing firm, KPMG that it partially delivered on several requirements regarding SML’s Transaction Audit Service...
Dumsor: Corn mill operators at Kaneshie market face financial crisis
Corn mill operators at Kaneshie market in Accra, are facing financial challenges due to ongoing power outages across the country, popularly known as 'dumsor'.These...
Bulk Oil Distributors object to government’s plan to designate BEST sole off-taker
The Chamber of Bulk Oil Distributors (CBOD) has objected to the government’s plan to designate the Bulk Energy Storage and Transportation Company (BEST) as...
Google accused of making it harder to search for rival
Google has been accused of taking advantage of its market dominance to make it harder to search for a rival email service.Tuta Mail -...
The ex-flight attendant who now leads the airline
When Mitsuko Tottori was named as the new boss of Japan Airlines (JAL) in January, it sent a shockwave across the country's corporate sector.Not only was...
Korle Gonno: Residents call for action against garbage dumping as filth engulfs community [Video]
Residents of a coastal community near Korle Gonno in Accra are urging authorities to address the rampant dumping of garbage into drainage systems across...
World Bank’s food price index eases in early April 2024
The World Bank’s food price index eased in early April 2024 after falling by about 4.0% in the first quarter of 2024, to a...
NCA approves Starlink’s satellite broadband application
The National Communications Authority (NCA) says it has approved Space X Starlink GH LTD, the operator of Starlink Satellite Broadband, to provide Satellite Broadband Services in...
Traders urged to utilize FDA’s Progressive Licensing Scheme for product registration
Traders Advocacy Group Ghana (TAGG) has welcomed initiatives by the Food and Drugs Authority (FDA) aimed at facilitating the registration process for regulated products, including diapers.The...
FDA collaborates with importers to address challenges
The Food and Drugs Authority (FDA) has taken steps to address the grievances raised by importers of diapers and toiletries to ensure smooth importation...
Cash Waterfall Mechanism report shows significant non-compliance with formula for revenue allocation – Report
The Cash Waterfall Mechanism (CWM) report for January 2024 has revealed significant non-compliance with the formula for revenue allocation and disbursements to power sector...
We are committed to helping build a better Ghana – SML
Strategic Mobilisation Ghana Limited (SML) has expressed its commitment to contributing to the development of Ghana by adhering to ethically acceptable standards and maintaining...
KPMG’s report confirms we haven’t been paid $100m – SML
Strategic Mobilisation Ghana Limited (SML) has clarified that the audit assurance report by KPMG confirmed that it has not received a payment of $100...
GUTA urges government to embrace solar energy to address power outages
The Ghana Union of Traders Association (GUTA), has urged the government to adopt alternative sources of energy, including solar, to reduce the country’s heavy...
Fitch affirms ETI at B-; Outlook stable
Fitch Ratings has affirmed Ecobank Transnational Incorporated's (ETI), parent company of Ecobank Ghana Long-Term Issuer Default Rating (IDR) at 'B-' and its Viability Rating...
Global Cocoa Marketing Companies refuse to pay realistic Cocoa prices – CGCI
The Executive Secretary for Cote d’Ivoire Ghana Cocoa Initiative (CGCI), Alex Asanvo, says Global Cocoa Marketing Companies have refused to pay realistic prices for...
‘Dumsor’: Power crisis requires more than financial remedies – NPP Manifesto Committee member
The Chairman of the New Patriotic Party's (NPP) 2024 Manifesto Committee on Energy, Kwadwo Nsafoah Poku, has debunked suggestions that the current challenges with...
Apple faces declining sales in China as Huawei soars
Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market.The Shenzhen-based conglomerate,...
Ghana’s cocoa farmers lament low earnings amid high prices
Though global cocoa prices have soared to a record high in April, farmers in Ghana are struggling to make ends meet.The government's local...
“Dumsor” has brought businesses to their knees – GNCCI expresses frustration at ongoing crisis
The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed deep frustration and disappointment at the ongoing power crisis in the country.According to...
Dumsor: Finance Ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report
The Public Utilities Regulatory Commission’s validation reports on the Cash Waterfall Mechanism (CWM) have revealed that the Finance Ministry owes some power generators about...
Electricity VAT: GRA clarifies decision to tax resident Ghanaians
The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians as replacement for the value-added tax (VAT)...
GRA provides clarity on tax status of Ghanaian residents earning abroad
The Ghana Revenue Authority (GRA) has moved to dispel uncertainties surrounding the tax status of individuals earning incomes abroad, affirming the criteria for categorizing...
Debt Restructuring: Government to reach agreement with IPPs in May
The government has given an indication about reaching an agreement with Independent Power Producers (IPPs) on debt restructuring as part of measures to reduce...
Accra Initiative at risk as Mali, Burkina Faso withdraw – Akufo-Addo says
President Akufo-Addo has expressed concern about the withdrawal of Mali, Burkina Faso, and Niger from the Economic Community of West African States (ECOWAS) and...
PAC orders Wa West DCE to release MP’s common fund immediately
The Public Accounts Committee (PAC) of Parliament has instructed the District Chief Executive of Wa East District Assembly, Mr. S.K Mahama to immediately process...
Single ECG revenue account won’t solve power crisis – John Jinapor
Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has said that the Finance Ministry’s decision to put all of the Electricity Company...
Kwadaso Onion Market demolished: traders relocated over security concerns
After a notice that met an initial resistance by the traders, hundreds of sheds were pulled down at the market under police-military supervision. The regional Security Council had cited threats to security and vehicular congestion as reasons for evacuating the traders.
Dumsor: Energy sector ‘shepherdless’, we need a new leader – IES Director
The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the energy sector is currently lacking effective leadership.He...
Unless something dramatically happens, cedi will continue to depreciate – Ghana Association of Forex Bureaux
The Ghana Association of Forex Bureaux says the recent cedi depreciation will not end if practical measures are not put in place to halt...
We are confident of bilateral MoU agreement with Ghana soon – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet is confident that Ghana will formalize a Memorandum of Understanding (MoU) with the...
Dumsor: If there’s competition, ECG would lose all its customers – ACEP
Africa Centre of Energy Policy (ACEP) has added its voice to the need for a competitive power distribution company in the country.They cited poor...
ECG to use single revenue collection account – Finance Minister
Finance Minister Mohammed Amin Adam has disclosed that a single account has been established for the Electricity Company of Ghana's revenue collection activities.In March,...