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Business

Fuel prices to stabilize in October—IES

The Institute of Energy Security (IES) is predicting a fairly stable fuel prices for the first pricing window in October. This the institute attributes to indicators such as the stability of the cedi as well as a 6% drop in gasoline price. Fuel prices have for some time now been …

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$48m fishing subsidies ‘causing more harm than good’

Government subsidies in the fishing sector have been identified by fisheries stakeholders as one of the contributing factors to the overcapacity and over-exploitation of fisheries resources. The premix fuel subsidy and tax waivers cost the Government of Ghana $44 million annually while outboard engine subsidy also cost the people of …

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Ghana picks three awards at ITU Telecom World

Ghana picked three awards at the just ended ITU Telecom World 2017 Conference that was held at the technologically advanced city of Busan, South Korea. Team Ghana, led by the Deputy Minister of Communications, Nenyi George Kojo Andah, won a certificate of recognition for commitment and participation the in conference …

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NPA to revoke licences of fuel smugglers

The National Petroleum Authority (NPA) has said petroleum service providers that sell products meant for export on the local market risk losing their licences, as it intends to “go hard” on the tax evasion practice. The NPA disclosed a couple of weeks ago that it had impounded 15 trucks, containing …

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Reduction in electricity tariff will take effect in 2018 – Boakye Agyarko

Energy Minister Boakye Agyarko has assured Ghanaians they will witness a reduction in their electricity tariffs in 2018. He told journalists at a news conference in Accra Wednesday, the changes would be announced during the reading of next year’s budget in Parliament. He explained, their intention when they took over government …

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Government embarks on digital inclusion agenda

The Government through the Ministry of Communications is playing a pivotal role in the development of a robust framework to support the digitization of the economy in a manner that captures and benefits every citizen. This is contained in a statement issued by Minister of Communications, Ursula Owusu-Ekuful in line …

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Nana Addo to follow-up on $20bn Chinese loan

President Nana Akufo-Addo will next year visit China to follow up on some commitments made by the Chinese government to invest over 20 billion dollars in Ghana’s economy, Finance Minister, Ken Ofori-Atta has announced He explains that the purpose of the visit will also discuss bilateral trade issues with the …

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Climate change depleting Ghana’s fish stock – Study

A study by the University of Cape Coast’s Department of Fisheries and Aquatic Sciences has revealed Ghana’s fish stock will continue to see a further decline in the coming months. The disturbing study says not much can be done to save the situation. According to the research, the decline is …

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SSNIT fights back: We have over 2,000 issues with $72m knotty software

The Social Security and National Insurance Trust (SSNIT) says the issues to do with the $72 million software procured to automate its operations are far from over. SSNIT Director-General, Dr John Kojo Ofori Tenkorang said there are currently over 2,000 issues with the software that have been shared with the vendors. …

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GNPC wasting too much oil money, it needs monitoring – Kyei Mensah GNPC wasting too much oil money, it needs monitoring – Kyei Mensah

Majority leader, Osei Kyei Mensah-Bonsu has registered his displeasure with expenditures made by the Ghana National Petroleum Corporation (GNPC). The Parliamentary Affairs Minister said the Coporation is wasting millions of cedis through activities it has not been legally mandated to undertake. At a forum to discuss the work of Parliament …

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