Business Archives - Page 22 of 45

April 22, 2024April 22, 2024

Ghana, Cote d’Ivoire Open Cocoa Secretariat

Ghana and neighbouring Côte d’Ivoire have finally established a common secretariat to maximise their potential in the production of cocoa. The two countries produce 65% of the entire world’s cocoa, making them the biggest producers. The decision to therefore come together

April 19, 2024April 19, 2024

ECG Board Members Reject GH₵5.8m PURC Fine

Lawyers representing the board members of the Electricity Company of Ghana (ECG) are contesting the hefty GH₵5.8 million fine imposed by the Public Utilities Regulatory Commission (PURC) for failing to provide a consistent load-management schedule. The lawyers contend that the PURC

April 19, 2024April 19, 2024

Armed Robbers Strike Akroma Mine, Injure Workers, Steal Gold

The Nkawkaw Divisional Police Command launched a manhunt for about 20 armed men who attacked and robbed Akroma Gold Mining Company located in Esaase, within the Kwahu West Municipality of the Eastern Region. The heavily armed men who attacked the company’s

April 19, 2024April 19, 2024

BoG Governor Advocates Tailored Financing Support For Low-Income Countries

The Governor of the Bank of Ghana, Dr. Ernest Addison, has called for tailored financing support for low-income countries to address the unique economic challenges faced by nations with limited resources. He underscores the need for development partners to adopt strategies

April 19, 2024April 19, 2024

Fuel Levy Name Change Proposed By NPA to Better Reflect Purpose

The National Petroleum Authority (NPA) has disclosed that it has submitted a request to the government to change the name of the Price Stabilization and Recovery Levy to reflect the levy’s real purpose. Abass Tasunti, Head of Economic Regulation at the

April 19, 2024April 19, 2024

Kwadwo Poku Backs Otumfuo’s Call For Private Sector Involvement In Energy Sector

Energy Analyst and New Patriotic Party (NPP) member, Kwadwo Nsafoah Poku, has backed the Asantehene’s recommendation to privatise key state-owned enterprises in Ghana’s energy sector. Kwadwo Poku argues that the sector urgently needs financial resources to address the current crisis, and

April 18, 2024April 18, 2024

Ashanti Region Hit By Power Cuts, Residents Demand End To ‘Dumsor’

Residents in the Ashanti region on Wednesday, April 17, held a vigil to express their frustrations over the ongoing power crisis. Dubbed the “dumsor vigil,” participants, including traders, expressed concerns about the negative impact of the power outages on their businesses

April 18, 2024April 18, 2024

Boosting Revenue: Government Targets Wider Tax Base

To boost economic growth and increase revenue mobilization, the Ghanaian government is implementing measures to improve the country’s tax-to-gross domestic product (GDP) ratio. Abena Osei Asare, the Minister of State at the Finance Ministry, has stated that while efforts to increase

April 18, 2024April 18, 2024

Illegal Miners Risk Lives By Digging Under New Gas Pipelines – Genser Board Chair Reveals

Nana Otwasuom Osae Nyampong VI, the Board Chairman of Genser Energy, has disclosed that illegal miners are digging beneath the newly laid gas pipelines in the Ashanti region in search of gold. Speaking with Citi News, he emphasized the urgent need

April 18, 2024April 18, 2024

LPG Consumption Drops By 4.47% – IES

The Institute for Energy Security has disclosed a decrease of around 4.47% in Liquified Petroleum Gas (LPG) usage between January 2020 and December 2023, in contrast to a growth of about 6.43% in the preceding four years, spanning January 2016 to