Business Archives - Page 29 of 56

June 21, 2024June 21, 2024

WE DID NOT SAY THERE WOULD BE ‘DUMSOR’ FOR 3 WEEKS – DEPUTY ENERGY MINISTER CLARIFIES

Collins Adomako-Mensah, the Deputy Minister for Energy has clarified a joint statement issued by the Electricity Company of Ghana (ECG) and the Ghana Grid Company Limited (GRIDCo) warning Ghanaians of an interruption in the power supply, known as ‘dumsor’, due to

June 13, 2024June 13, 2024

DSTv Owner MultiChoice Goes Technically Insolvent

DStv owner MultiChoice has reported a staggering R4.1 billion [rands] loss for the year ending March 31, 2024 and has become technically insolvent. The South African pay television company said on Wednesday that it swung into a 706 million rand ($38

June 13, 2024June 13, 2024

May 2024 Inflation Declines Marginally To 23.1%

Inflation for the month of May 2024 declined marginally to 23.1% from the 25.0% recorded in April 2024. According to the Ghana Statistical Service, food inflation recorded a rate of 22.6%, the lowest since 13 months. Non-food inflation however shot up

June 12, 2024June 12, 2024

Ghana To Receive 3rd IMF Tranche By End of June

Director of Communication at the International Monetary Fund (IMF), Julie Kozack, has indicated that Ghana could receive the third tranche of $360 million by the end of this month. Ms Kozack, who gave the assurance at a meeting with the press

June 6, 2024June 6, 2024

Ghana Signs $2 Billion Agreement With South Korea To Support Development Goals

Ghana and South Korea's Economic Development Cooperation Fund (EDCF) have signed a $2 billion agreement to support Ghana's development goals. The deal was signed at the 2024 Korea-Africa Summit and will be used to support Ghana's priority programs in infrastructure, agriculture,

June 6, 2024June 6, 2024

Asantehene Got World Bank To Restore Two Major Educational Projects – NAPO

Energy Minister Dr. Matthew Opoku Prempeh has disclosed that Otumfuo’s timely intervention led the World Bank to reverse its decision to cancel two major educational projects when the New Patriotic Party (NPP) assumed power in 2017. According to Dr. Prempeh, who

June 5, 2024June 5, 2024

‘Engineers Catalyst To Achieve AfCFTA Goals’

African governments have been urged to make engineers a major part of the African Continental Free Trade Area (AfCFTA) initiatives in order to achieve its desired outcome to boost intra-African trade for sustainable growth. A chartered industrial engineer, Prof. Douglas Boateng,

June 4, 2024June 4, 2024

Current Economic Difficulties Are Global, Not Peculiar To Ghana – Bawumia

The flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has stated that Ghana cannot be excluded from the global economic hardship. In Dr. Bawumia’s view, the current economic challenges are a global phenomenon, and Ghana is no exception. During

June 4, 2024June 4, 2024

Ayorkor Botchwey Calls For Global Financial System Reform

Ghana’s Foreign Minister, Shirley Ayorkor Botchwey, has addressed a forum of Small Island Developing States (SIDS) in Antigua and, alongside several leaders, advocated strongly for change to the structure of the international financial system to protect vulnerable nations. “Ghana is committed

June 3, 2024June 3, 2024

PURC Announces Increase In Electricity And Water Tariffs Effective July 01, 2024

The Public Utilities Regulatory Commission (PURC) has disclosed a rise in electricity and water tariffs, set to be implemented from July 01 until September 30, 2024. The adjustment percentages vary across different consumer categories, as outlined in a statement released by