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Business

Tougher sanctions needed to stop corruption at Ports – Prof. Adei

Former Rector of GIMPA Professor Stephen Adei has urged the incoming Director General of the Ghana Ports and harbors Authority, Kwadwo Owusu Afriyie,  to clamp down on corrupt port officials and reduce the bureaucracy in clearing goods. Mr . Owusu Afriyie, popularly known as Sir John, is set to assume …

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Industrial commodities prices to surge in 2017 – World Bank

The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude oil price forecast for the year at $55 per barrel, a …

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Businesses to get stimulus package from Government

Minister-designate for the Trade and Industry Ministry, Alan Kwadwo Kyerematen, has said the Government would support existing companies to be competitive on the international market by providing them with stimulus packages. Mr Kyerematen, the first to appear before the Appointments Committee, on Monday, explained the intervention was one of the …

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Penyi Market women make low sales after Christmas

Market women at Penyi in the Ketu North District of the Volta region have lamented bitterly about how they are unable to make good sales in the market after the festive season. In an interview with the women, they said, some people came to purchases somethings in the market in …

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BoG to issue new GHS5 notes on March 4

The Second Deputy Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed that the central bank will unveil new banknote in five-cedi (GH¢5) denominations. According to him, the banknote will be legal tender as well as a collector’s item. “The note will have new durable security features …

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Regent Univ. to spearhead solar energy as Ghana discovers key raw material

The Regent University College of Science and Technology, is to lead Ghana’s crusade for the commercial production of solar energy following the discovery of silicon in the Western Region. Silicon is the raw material for the production of solar panels, conductors, micro processors and micro controllers among other conductive electronic …

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Volta Region should be cassava processing hub – Caltech

Managing Director of Caltech Ventures has called on entrepreneurs to establish cassava processing facilities in Ho, Adaklu and Abutia districts to turn the area into a cassava processing hub. Chris Quarshie said Ghana imported about 70 million litres of ethanol annually and that his project’s design capacity produced only three million litres …

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Reviving national airline is a top priority – Cecilia Dapaah

Resurrecting the dream of having a thriving national airline is the biggest priority for the Minister designate for Aviation. President Nana Akufo-Addo on Thursday January 12 named Madam Cecelia Dapaah as his preferred minister for Aviation, pending approval by Parliament. In an interview a day after her nomination, Madam Dapaah …

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Hurried tax cuts won’t boost growth, productivity – Amoako-Tuffour

The Director of Research at the African Center for Economic Transformation (ACET), Dr. Joe Amoako-Tuffour, has cautioned the New Patriotic Party (NPP), government against “hurried” tax cuts, given the nature of its campaign promises en route to election victory. Whilst Dr. Amoako-Tuffour considers some tax cuts may be obvious given their …

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