Business Archives - Page 4 of 49

February 12, 2025February 12, 2025

Oil Marketers Dispute Gold-for-Oil Impact on Fuel Price Decreases

Accra, Ghana – The Chamber of Oil Marketing Companies (COMAC) has challenged the assertion that the previous government's Gold-for-Oil (G4O) policy was a major factor in the decline of fuel prices. COMAC argues that global market forces, not the G4O initiative,

February 12, 2025February 12, 2025

Economist Urges Ghana to Re-evaluate Foreign Aid Dependence After USAID Cuts

Accra, Ghana – Following recent funding cuts by the United States Agency for International Development (USAID), Professor Patrick Asuming, an economist and lecturer at the University of Ghana, has called on Ghana to reassess its reliance on foreign aid. This comes

February 11, 2025February 11, 2025

Mahama Orders Finance Minister to Resolve USAID Funding Shortfall

President John Dramani Mahama has instructed Finance Minister Dr. Cassiel Ato Forson to urgently address the $156 million funding gap caused by the suspension of the United States Agency for International Development (USAID) programme. A statement from the Presidency on February

February 11, 2025February 11, 2025

Boankra Port Project Progress Impresses Ghana Shippers Authority Chief

Boankra, Ashanti Region – Professor Ransford Edward Gyampo, Acting Chief Executive of the Ghana Shippers Authority (GSA), has expressed satisfaction with the progress of construction at the Boankra Integrated Logistics Terminal (Boankra Inland Port). During a site visit, Prof. Gyampo commended

February 10, 2025February 10, 2025

IMF To Consult On Ghana’s 2025 Budget Amid Tax Reform Plans

Accra, Ghana – The International Monetary Fund (IMF) will begin crucial discussions with the Ghanaian government this week regarding the 2025 budget, which is slated for presentation in March. These talks coincide with the government's plans to eliminate several key taxes,

February 7, 2025February 7, 2025

Back On The Road: Tolls Return With Advanced Collection System

The Ministry of Roads and Highways has announced the reintroduction of road and bridge tolls to generate revenue for road maintenance and infrastructure projects. In a statement released on Thursday, February 6, 2025, the Ministry outlined plans to implement a modern,

February 4, 2025February 4, 2025

COPEC Calls for Immediate Government Action as Fuel Prices Surge

Accra, Ghana – The Chamber of Petroleum Consumers (COPEC) is urging the Ghanaian government to take swift action to address the ongoing surge in fuel prices. Following the third consecutive price increase this year, consumers are facing significant financial burdens. Shell

February 4, 2025February 4, 2025

Ken Ashigbey: Previous SIM Card Registration Was Incomplete, Not Useless

Dr. Kenneth Ashigbey, the Chief Executive Officer of the Ghana Chamber of Telecommunications, has clarified that the previous SIM card registration exercise was not a failure but rather incomplete. His comments come in response to the Minister-Designate for Communications, Digital Technology,

February 3, 2025February 3, 2025

Trump Pushes the Limits of Trade Law with New Tariffs on Canada, Mexico, and China

President Donald Trump has entered uncharted legal territory by invoking a 1977 emergency sanctions law to justify imposing tariffs on imports from Canada, Mexico, and China. The tariffs—a 25% duty on Canadian and Mexican goods and an additional 10% on Chinese

January 31, 2025January 31, 2025

Environment Minister-Designate Calls for Consensus on Plastic Bag Ban

Accra, Ghana – Murtala Muhammed, Minister-designate for Environment, Science and Technology, has stated that an outright ban on plastic bag importation is not a feasible solution for Ghana at this time. He emphasized the need for broad consensus and the development