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Prez. Mahama vows to keep inflation in single digits after sharp decline
Posted on with No CommentPresident John Mahama has reaffirmed his government’s commitment to sustaining inflation within single digits, following a marked drop in the rate to 3.2 per cent. The President said the achievement forms part of a broader strategy to stabilise the economy … Read more →
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Agyapa deal revived: We mustn’t drop it – Ofori-Atta
Posted on | CommentThe Minister of Finance, Ken Ofori-Atta, has called for support for the Agyapa Deal to progress instead of it being abandoned. Responding to a question about the deal at a press briefing in Accra yesterday, the minister described the deal … Read more →
North Korea announces first death from Covid-19
Posted on | CommentNorth Korea has confirmed its first death from Covid-19, with state media adding that tens of thousands more are experiencing fever symptoms. Six people died after suffering a fever with one testing positive for Omicron, state media reported on Friday. … Read more →
North Korea orders strict lockdown with first official Covid cases
Posted on | CommentNorth Korea has ordered a strict national lockdown after confirming its first official Covid infections. State media have reported an Omicron outbreak in the capital, Pyongyang, but did not state the number of cases. KCNA said leader Kim Jong-un had … Read more →
Apple is no longer the world’s most valuable company
Posted on | CommentOil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% … Read more →
Google unveils new Pixel Watch
Posted on | CommentGoogle has unveiled its first smartwatch at its annual developer conference. The Google Pixel Watch combines its own Wear operating system with Fitbit health tracking. Fitbit was acquired by Google for $2.1bn (£1.7bn) in 2019. The watch can be paired … Read more →
Mahama delivers keynote address at the Nasarawa investment summit in Nigeria
Posted on | CommentFormer President Mahama is in Lafia, Nasarawa State in Nigeria to attend and deliver the keynote speech at the Nasarawa Investment Summit 2022. Mr. Mahama is in Lafia at the invitation of the Executive Governor and his Economic Advisory Council. … Read more →
We won’t increase tariff more than 10% in future if PURC approves 148% proposal – ECG
Posted on | CommentThe Electricity Company of Ghana (EGG) has given an assurance that future tariff adjustments will not exceed 10 per cent should the Public Utilities Regulatory Commission (PURC) approve its pending proposal. ECG has proposed 148% increment which the PURC will look … Read more →
April inflation hits 23.6%
Posted on | CommentThe continuous increase in food and transport prices across the country has pushed the national year-on-year inflation for April 2022 to 23.6 percent. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service. The … Read more →
20% increase in transport fares unlawful – Deputy Transport Minister
Posted on | CommentThe Deputy Transport Minister, Hassan Tampuli, has described as unlawful, the increase in transport fares ahead of an engagement with transport operators. He said the conventional meeting between the Ministry and stakeholders in the sector has not been held to … Read more →
PURC meets utility service providers today on proposed tariff increment
Posted on | CommentThe Public Utility Regulatory Commission (PURC) is expected to hold a crucial meeting with utility service providers today, Wednesday on proposed tariff increment. The Electricity Company of Ghana had proposed that its tariffs be increased by 148% for 2022 and … Read more →
FDA issues public alert on Indomie after recall in certain countries
Posted on | CommentThe Food and Drugs Authority has reacted to the recall and importation bans imposed on Indomie Instant Noodles (Chicken Flavour) in certain African countries. The FDA in a statement assured that the affected product “Indomie Instant Chicken Noodles’ with the … Read more →
Takoradi: Man sodomises 11yr old pupil at Effiakuma
Posted on | CommentA 39-year-old man has sodomised an 11-year-old female at Effiakuma, a suburb of the Sekondi-Takoradi Metropolis and later threatened her with death. The death threat was to keep her mute after the alleged ordeal but backfired after the family unexpectedly … Read more →
GRIDCo explains Saturday’s power outages
Posted on | CommentAfter almost 48 hours of a major power outage countrywide, the Ghana Grid Company (GRIDCo) has explained the cause. In a statement issued Monday morning (May 9, 2022), GRIDCo explained that on Saturday, May 07, 2022, their power system experienced … Read more →
Rising cost of living: Many taxes imposed on businesses among causes – GUTA
Posted on | CommentThe Vice President of the Ghana Union of Traders Association (GUTA), Charles Gyan, says one of the major drivers of the rising cost of products in the country is the high tax burden on businesses. According to him, many businesses, … Read more →
E-levy: This is how much money GRA has made so far
Posted on | CommentThe Ghana Revenue Authority has disclosed that the Electronic transfer levy (e-levy) is already raking in significant revenue for the country. Head of Project Unit at GRA, Isaac Kwabena Amoako said collections from a single charging entity amounted to more … Read more →
Transport Minister to meet stakeholders on new lorry fares – GRTCC
Posted on | CommentThe Ghana Road Transport Coordinating Council (GTRCC) has indicated that the Transport Ministry is ready for a tripartite meeting including the Ghana Private Road Transport Union (GPRTU) to deliberate on a proposal for fare increase. The tripartite is made up … Read more →
Bitcoin value drops by 50% since November peak
Posted on | CommentThe value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world’s largest cryptocurrency by market value has now fallen by 50% since its peak in November last … Read more →
More than 45,000 people perish in road crashes from 2000-2021
Posted on | CommentMore than 45,000 persons have died from road crashes from the year 2000 to 2021, says the National Road Safety Authority (NRSA). The Authority said the statistics implied that not less than 2,000 lives were lost yearly in road crashes … Read more →
Fishing vessel sinks between Elmina and Sekondi, Captain’s body found, 11 missing
Posted on | CommentThe body of the captain of a fishing vessel that sunk between Elmina and Sekondi-Takoradi has been retrieved. Fifteen persons who were onboard the vessel including four Chinese nationals and 11 Ghanaians have been rescued by the Ghana Navy and have been … Read more →
Free SHS puts a huge strain on national budget – Otumfuo
Posted on | CommentAsantehene Otumfuo Osei Tutu II says the implementation of the Free Senior High School policy has worsened the unemployment situation in the country. He said the flagship programme, despite increasing secondary school enrollment, has put a huge strain on the … Read more →
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(Nana Kwesi)