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1,502 A leading Oil Marketing Company (OMC), GOIL, has attributed the reduction in the price of diesel today, January 3, 2023 to the impact of the Barter of ‘Gold for Oil’ barter programme. GOIL announced a 4% reduction in the price of diesel, resulting in a litre selling at ¢15.25. The company, however kept […]
1,797 The Ghana Private Road Transport Union (GPRTU) will meet next week to decide on an upward review of transport fares following the increases in fuel prices, the Industrial Relations Director of GPRTU, Alhaji Abass Imoro has said. According to him, the prices of fuel have gone up and tariffs for water and electricity have […]
1,640 State-Owned Enterprises will contribute 25 per cent of the country’s Gross Domestic Product (GDP) in 2023, the State Interests and Governance Authority (SIGA) has projected. The Ministry of Finance had charged the Authority to ensure that SOEs become economically viable and contribute at least 30 per cent to the GDP. Mr Edward Boateng, Director-General […]
1,703 The Institute of Energy Security (IES) is predicting an increase in fuel prices despite the Gold for Oil Policy being rolled out by the government. Speaking on Starr Today with Joshua Kodjo Mensah Monday January 30, 2023 Policy Analyst with the IES, Adam Yakubu said consumers should expect that by Tuesday or Wednesday prices […]
1,714 For the third consecutive year, Ghana failed to improve on the Corruption Perception Index (CPI) released by Transparency International (TI). Results published today show that Ghana’s score of 43 out of 100 in the 2022 CPI has remained the same since 2020. The country tied for 72nd (with Benin, Bulgaria, Senegal and South Africa) […]
1,719 The first ever tile designer machine for the Ashanti region and beyond has been installed in Kumasi. This is to replace the metallic strip that tilers and contractors usually put at the edge of the tile while laying for mainly. beautification purposes. With the new installation, all one needs is to run the edge […]
1,393Ralph Mupita, The President and CEO of MTN Group, Africa’s telecommunications giant, has called for modernization and harmonization of regulatory frameworks to ensure Africa can deliver universal broadband coverage by 2030. He made these remarks at the maiden edition of the Africa Prosperity Dialogues held at the Peduase Lodge in the Eastern Region of Ghana. […]
1,401 Ghana’s balance of payments further deteriorated to a deficit of $3.64 billion in December from a $3.4 billion deficit the previous quarter, central bank data showed on Saturday. The West African nation is facing an economic crisis that saw consumer inflation rise to 54.1% last month. The cedi currency has depreciated around 50% annually, […]
1,690 The African Development Bank (AfDB) has released its latest economic report, which shows that Ghana’s GDP growth for 2022 was 3.6%, 1.8 percentage points below what was secured in 2021 (5.4%). While this is still positive growth, it is lower than the average for other African countries. According to the report, several countries on […]
1,553Executive Chairman of the KGL Group and Board Chairman of the Ghana Investment Promotion Centre, Alex Dadey has called on government to focus on diasporan investment as a solution to Ghana’s economic challenges. In his opening address on Day 1 of the maiden Kwahu Summit under the theme- “AfCFTA: From Ambition to Action- Delivering Prosperity […]