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Tag Archives: Business

Government determined to make private sector work

The Member of Parliament for Ledzokuku in the Greater Accra region, Dr. Okoe Boye, has reiterated the resolve of the Akufo-Addo administration to buoy up the private sector as the mainstay of economic growth. He says a country with double digit inflation and economic deficits such as Ghana currently grapples …

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Spare parts dealers jubilate over scrapping of import duties

Spare parts dealers at Abossey Okai and Suame Magazine have expressed joy at parliament’s passage of the Customs Amendment Bill that effectively scraps import duties on spare parts. The minority in parliament received the bill which was passed Wednesday with apprehension arguing that the impact of the said bill is …

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Fuel prices to drop slightly – IES

The Institute for Energy Security (IES) has predicted a reduction in fuel prices at the pumps in the second fuel pricing window beginning June 16.Principal Research Analyst Richmond Rockson explained on Thursday June 15 that the forecast was based on consideration of the market indicators “like the Brent crude price …

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Give value for money – Energy Minister charges new Audit Committee

Energy Minister, Boakye Agyarko has charged the new Audit Committee for the energy ministry to commit itself to giving value for money as it commences its work. As part of fulfillment of provisions of Section 86 of the Public Financial Management Act 2016 (Act 921), the Minister on Friday, June …

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Ghana inches closer to building a nuclear power plant

Ghana, Wednesday, made a giant step towards its nuclear agenda when it received the Integrated Nuclear Infrastructure Review Report (INIR) from a team of experts from the International Atomic Energy Agency (IAEA). The report forms part of Phase 1 of Ghana’s Nuclear Power Program evaluated the status of major infrastructure …

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Employers’ Association proposes extension of maternity leave by 2 weeks

The Ghana Employers’ Association has proposed an extension of the country’s maternity leave from the current 12 weeks to 14 weeks. The call follows moves from various stake holders to have the leave period extended to enable women undertake exclusive breastfeeding as well as recover before resuming work. Speaking to …

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$1.2m kickback scandal: Trade Ministry requests forensic audit

The Ministry of Trades and Industry is set to begin a forensic audit into the alleged $1.2 million scandal that has hit the former Executive Director of the Ghana Standards Authority. Dr George Crentsil has been cited in a damning investigative report that alleges that he collected $1.2 million kickback …

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Ghana will leverage opportunities at US/Africa Business Summit – Yofi Grant

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Council (GIPC), Mr Yofi Grant, has said the upcoming US/Africa Business Summit scheduled for next month will provide a “great opportunity” for Ghanaian businesses looking forward to trade and business dealings with players in the United States of America (USA) …

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Textile workers reject government’s stimulus package

The Textile, Garment and Leather Employees Union (TGLEU) has rejected the stimulus package being offered by government to textile companies to help revive the industry. In line with government’s promise in the 2017 budget, the Chief Director at the Trade and Industry Ministry, Dawarnoba Baeka, sent a circular to industry …

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17,000 ‘ghost’ workers yet to be paid April salaries – Finance Ministry

At least 17,000 public sector workers are yet to receive their April 2017 salaries for non-biometric SSNIT registration. A statement from the Finance Ministry and copied to Citi Business News said about 9,300 out of the over 26,000 affected workers have been paid after successful validation. According to the Finance …

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