Tag Archives: Business

Labour unions in the country have kicked against plans by mining giant, Gold Fields Limited, to retrench more than 2,000 workers at its Tarkwa and Damang concessions. “Given the already precarious employment situation, the TUC [Trades Union Congress] and its affiliate national unions were horrified by the news that a …

The Ministry of Special Development Initiatives led by Mavis Hawa Koomson will spend GHS132,000,000 next year to sink 1000 solar-powered mechanical boreholes at a unit cost of GHS132,000.The amount was approved by parliament as part of the ministry’s GHS1,010,239,700 2018 budgets.Below is the full breakdown of the budget approved for …

Presidential Staffer, Ibrahim Adjei, has described as “bad” and “non-fa”, the GHS1,010,239,700 budget approved for the Ministry of Special Development Initiatives for 2018, since, in his view, nothing in it is justifiable. In the budget, which was approved by parliament on Wednesday, 275 ambulances will be procured at a unit …

The Minority in parliament has reiterated its position to oppose any moves by the New Patriotic Party (NPP) government to sell off any thermal assets of the Volta River Authority (VRA).Parliament approved the sum of close to GHS 914 million for the services of the Ministry of Energy for the …

The Institute of Energy Security (IES) has predicted that there will be no significant changes in the prices of fuel at the pumps during the Christmas period.A statement signed by IES Principal Research Analyst Richmond Rockson on Thursday, December 14, said the reasons is “due to the fairly stable price …

The fate of the Second Deputy Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, is uncertain, as his legal advisor says the government is pushing for his exit from the central bank.His legal team is yet to begin discussions over a negotiated package for him.pThe Daily Graphic has …

Former President John Dramani Mahama has called on African countries to open up their borders to promote intra-Africa trade.Mr Mahama, who says African countries have most of the world resources, believes free flow of goods and services across borders will spur economic growth.“Ghana has great potential. We have about one-third …

Government says it has returned Ghana to a robust economic growth in the first year of the Akufo-Addo administration despite the huge challenges it inherited. From a ballooning debt stock, strangling fiscal deficit it inherited in 2016, the Finance Minister, Ken Ofori Atta has said the prudent management of the …

Finance Minister Ken Ofori-Atta has said the energy bond that was issued in October this year was the highest in West Africa.As indicated in the Mid-Year Fiscal Policy Review, Mr Ofori-Atta said government planned to restructure the debt of the energy sector SOEs by leveraging the Energy Debt Recovery Levy …

The referendum on the proposed creation of four additional regions is estimated to cost the country around GH¢932 million.The amount is expected to be set aside in the 2018 Budget and Economic Policy Statement of the government due to be presented to Parliament today, Wednesday, 15 November.It is not clear …