Business Archives - Page 22 of 39

March 12, 2024March 12, 2024

We Have Not Defaulted In Payments To IPPs – ECG MD Clarifies

The Electricity Company of Ghana (ECG) has defaulted on its fixed monthly energy purchase price with all Independent Power Producers(IPPs). This has sparked concerns about the possibility of a full-blown power crisis, also known as dumsor. President Akufo-Addo in his State

March 12, 2024March 12, 2024

Bawumia Urges Telecel Ghana To Uphold Highest Standards Of Ethics, Transparency & Corporate Governance

Vice President Dr Mahamudu Bawumia has urged Telecel Ghana to prioritise investing in the digital capacities of young Ghanaians. He said this will contribute towards shaping the future of Ghana, as the country embraces the 4th Industrial Revolution. Dr Bawumia joined

March 7, 2024March 7, 2024

No Transport Fare Increment As Executive Members Of C-DAG Suspended

The Concerned Drivers Association of Ghana (C-DAG) and transport operators have taken the decision to suspend three of its executive members with immediate effect. The suspended individuals are Nii Ashie, the Greater Accra regional chairman, Kwesi Arhin, the central regional chairman,

March 5, 2024March 5, 2024

Power Generators Warn Of Tariff Reduction Woes

THE country’s power distributors risk contracting further debt of $1.8 billion to Independent Power Producers by the end of this year. This follows the recent decision of the Public Utilities Regulatory Commission to further reduce electricity tariffs by 6.56%. The Chamber

March 4, 2024March 4, 2024

Power Sector Insolvency To Worsen – IPPs Warn Over Reduction In Electricity Tariffs

The Independent Power Producers Ghana (IPPs) have issued a stark warning that the country’s power sector challenges are on the brink of exacerbation. According to the Chamber, the sector is at risk of incurring an increased debt of approximately USD$1.8 billion

March 3, 2024March 3, 2024

ACCA Pledges Support For Members, Aligns With UN Goals In Sustainability Push

The Association of Chartered Certified Accountants (ACCA) in Ghana has successfully held its Sustainability Roundtable with a resolve to deepen human resources development through sustainability advocacy, and education. The event, which was held in Accra on Monday, February 26, 2024 under

March 1, 2024March 1, 2024

MTN Ghana Records GH¢4billion Profit In 2023

Despite a challenging economic environment in Ghana marked by high inflation and currency depreciation, Scancom PLC, known as MTN Ghana, reported a successful year in 2023. The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175

February 29, 2024February 29, 2024

Ex-MASLOC Boss, Operations Manager Face Judgement April 16

A High Court in Accra has set April 16, 2024, to deliver its judgement in the trial of ‘runaway’ former Chief Executive Officer of Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe Attionu, and an interdicted Operations Manager of the Centre,

February 28, 2024February 28, 2024

BoG Revises Balance, Transaction Limits Of Mobile Money Wallets Upwards, Starting March 1

The Bank of Ghana (BoG) has revised the balance and transaction limits of customers' mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends

February 28, 2024February 28, 2024

PURC Announces Reduction In Electricity Tariff For Residential Consumer

In its first-quarter tariff review decision, the Public Utilities Regulatory Commission (PURC) has announced a marginal reduction in electricity tariffs for residential consumers. However, there will be no change in prices paid by lifeline consumers and residential consumers within the consumption