Business Archives - Page 28 of 45

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

February 23, 2024February 23, 2024

28 Developing Countries Including Ghana Remain Stuck In Debt Trap – World Bank

The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap with no hope of escape anytime soon. According to the Bretton Wood institution, their average debt-to-Gross Domestic

February 23, 2024February 23, 2024

Digital Industry Players Must Shape Digital Landscape in Africa – Minister

Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has called on stakeholders in the digital industry to mobilise their efforts to shape the future of the digital landscape of Ghana and Africa as whole. She said: “We are at a crucial point