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Two GTPCWU executives interdicted over TOR-Torentco deal

https://youtu.be/zv70RI-WC40?t=980 Two executives of the General Transport Petroleum Chemical Workers Union (GTPCWU) have been interdicted over the controversial deal between the Tema Oil Refinery(TOR) and...

Diesel, LPG prices to go down – COPEC

The prices of diesel and Liquefied Petroleum Gas are expected to go down beginning tomorrow, January 16, 2023, the Chamber of Petroleum Consumers has...

Government to spend GH¢119.62bn on compensation and interest payments in 2024

The government will spend about GH¢119.621 billion on wages and salaries as well as interest payments in 2024. According to the 2024 Citizens Budget by...

GTPCWU threatens industrial strike

The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has announced its intention to embark on series of actions. This move comes in the...

We can’t wait to vote NPP out – Abossey Okai Spare Parts Dealers

Some Spare Parts Dealers in Abossey Okai are expressing dissatisfaction with the government, citing concerns about the adverse impact of newly implemented taxes on...

IMF reschedules board meeting on Ghana’s programme to January 19

The International Monetary Fund (IMF) has rescheduled its Executive Board meeting to review Ghana’s programme and approve some $600 million for the country to...

Power crisis: All plants are running at full capacity – Deputy Energy Minister

Deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that all power plants in Ghana are currently running at full capacity to ensure a stable...

Dangote Petroleum Refinery starts production

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel.   President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu...

I welcome debt treatment agreement between Ghana and OCC – IMF Boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the debt treatment agreement between Ghana and the Official Creditor Committee,...

Ginger, chilli farmers in Ahafo Region get relief

Ginger and chilli pepper are the two main commodities highly produced in the Ahafo Region, one of the smallest regions in the country. Several farmers,...

Govt commends bilateral creditors for reaching debt restructuring agreement

The government has commended Ghana’s bilateral creditors for reaching an agreement with the country to restructure $5.4 billion in loans. In a statement issued...

VAT on power consumption: From free electricity to taxing times

There is no free lunch indeed! In the unprecedented times of the COVID-19 pandemic, the Government of Ghana took a bold step to provide relief...

The changing face of Ghana’s tea landscape as ‘Koko’, other substitutes become expensive

Ghanaians are renowned for our love of eggs, often finding creative ways to incorporate them into our meals. Fufu and eggs have gradually become...

Ghana gets debt-relief terms, enough to unlock IMF $600m

Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse...

GRA boss breaks silence on claims of absconding from Ghana

The Commissioner General of the Ghana Revenue Authority, Dr. Ammishaddai Owusu-Amoah, has debunked allegations that he and his entire nuclear family have absconded Ghana...

TOR Board Chairman reacts to calls for his dismissal

The Board Chairman of the Tema Oil Refinery (TOR), David Adomako has dismissed calls by the General Transport, Petroleum and Chemical Workers’ Union (GTPCWU)...

Ghana’s unemployment rate to remain at 4.0% in 2024, 2025 – Fitch Solutions

Ghana’ unemployment rate is expected to remain flat at 4.0% in 2024 and 2025, Fitch Solutions has stated in its Employment Outlook. This rate...

Global growth to slow to 2.4% in 2024 – World Bank

The 2024 World Bank Global Economic Prospects has revealed that, Global growth is expected to slow to 2.4%-the third consecutive year of deceleration. This reflects...

Timing for VAT introduction on electricity wrong – Energy expert

Energy expert, Kwadwo Nsafoah Poku has bemoaned government’s timing in introducing Value Added Tax (VAT) on electricity. His regret follows government's instruction to the Ghana...

IMF ‘optimistic’ Ghana will reach official creditor debt deal soon

The International Monetary Fund (IMF) said on Tuesday it was "optimistic" that Ghana and its official bilateral creditors would reach a debt restructuring deal...

Ghosts don’t have fingerprints – Bawumia justifies linkage of payrolls to Ghana Cards

Vice President, Dr. Mahamudu Bawumia has emphasized the significance of requiring new public sector employees and staff to undergo a biometric identification process. According to...

GTPCWU calls for removal of TOR board members

The General Transport Petroleum and Chemical Workers Union (GTPCWU) of the TUC has called for the immediate removal of three members of the Tema...

Inflation: 2023 ends with 23.2%, ‘gorbɛ’ and 19 other products record rates above 40%

The latest data released by the Ghana Statistical Service indicates that, the inflation rate for December 2023 stood at 23.2%. This figure reveals a decrease...

Cedi’s performance remained unchanged to dollar in first week of 2024; one dollar equals ¢12.20

The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market. The same story emerged on...

GPRTU to increase transport fares by 60%

The Ghana Private Road Transport Union (GPRTU) has reiterated its decision to enforce a 60 percent increase in transport fares this year. This is to...

Government to borrow GH¢12.7bn via T-bills in January 2024

The government is seeking to borrow GH¢12.7 billion via treasury bills in January 2024, to finance maturing bills. This is 1.2% lower than that of...

YEA announces continued opening of BEAP portal for business applicants

The Management of the Youth Employment Agency (YEA) has announced to the business community and companies interested in participating in the Business and Employment...

Ghana’s official creditors to convene for debt restructuring talks

Ghana's official creditors are set to meet on Monday, January 8, to discuss the restructuring of approximately $5.4 billion in loans, according to Reuters. This...

MTN bosses get millions of rands worth of shares, but Ghana CEO missing

MTN Group executives have been granted millions of rand in shares as part of the telecommunications company's performance share plan. These shares are set...

SML’s take on KPMG’s audit into contract with GRA

Strategic Mobilisation Ghana Ltd. (SML) has expressed its endorsement of President Nana Akufo-Addo's directive to engage KPMG in auditing its contract with the Ghana...

24-hour Economy: Mahama announces juicy packages for businesses

The National Democratic Congress (NDC) flagbearer, John Mahama, has pledged  lower electricity tariff costs and tax breaks to companies that choose to run 24-hour operations. Delivering his New Year message to Ghanaians on Wednesday, he reiterated the policy will help revive the ailing economy,...

Barima (Dr) Parker takes his people’s unemployment situation into own hands

Barima (Dr) Kwabena Awuah Parker I of Sokode Dwaso has taken a proactive approach to address the employment challenges faced by his people by...

GRA goes after $2.8bn accounts of Ghanaians overseas

The Ghana Revenue Authority (GRA) has disclosed it will soon go after accounts of Ghanaians overseas who are not paying taxes. This was after it...

10% withholding tax on lottery and betting winnings starts from Monday January 1, 2024

The Ghana Revenue Authority (GRA) has announced that the implementation of the 10% withholding tax on the gross winnings of lotteries and betting will...

PURC recovers GH₵10.73 million for NEDCo, GWCL in 3 regions

The Public Utility Regulatory Commission (PURC) has retrieved GH₵10.73 million for the Northern Electricity Distribution Company (NEDCo) and the Ghana Water Company Limited (GWCL)...

Bond market: Total market turnover up by 4.01% to ¢2.15bn

Trading activity on the secondary bond market for Government of Ghana papers remained robust last week. There was a weekly face value traded of ¢2.15...

Apple is officially no longer selling the newest Apple Watch in America

The clock has wound down on the newest Apple Watch after President Joe Biden declined to issue a last-minute, emergency action to keep the best-selling...

Fitch Solutions revises Ghana’s 2024 GDP growth forecast to 3.5%

Fitch Solutions has revised Ghana’s Gross Domestic Product (GDP) growth rate in 2024 to 3.5%, from the earlier forecast of 3.7%. This is however higher...

Volta and Oti region rice farmers embark on climate-resilient rice production journey

The Sahara and Sahel Observatory (OSS), with support from the Adaptation Fund, has successfully implemented the 'Scaling Up Climate-Resilient Rice Production' initiative for rice...

Cheques cleared in quarter 3, 2023 estimated at ¢71.3bn – BoG

The volume of cheques cleared during quarter 3, 2023 totalled 1,378,874 valued at ¢71.371 billion, the Bank of Ghana has disclosed. This represented a decrease...