BUSINESS

Ghanaian company breaks through in fight against fall armyworm

Ghanaian farmers can now heave a sigh of relief in the fight against fall armyworm infestation, following the discovery of a non-toxic formulation that effectively deals with the menace. The discovery by the Ghanaian Company, Equatorial Healthcare Services, comes after research into the development of a non-toxic formulation that can …

Read More »

Ghana’s banking sector records strong profits in August 2019

The banking sector has recorded a growth in profit-after-tax of GH¢2.24 billion, a 38.4 per cent growth over profits recorded by the banking sector for the same period last year (43.9 per cent growth in August 2018). This was captured in the bank of Ghana’s Banking sector report for September …

Read More »

Telecos urged to complement government’s digitisation agenda

The District Chief Executive (DCE) of Dormaa East in the Bono Region, Emmanuel Kofi Agyeman has called on telecommunication companies to devise more innovative services to complement government’s digitalisation agenda such as the cashless system. He noted that the growth of mobile telecommunication made telecos inevitable actors in achieving the …

Read More »

Taking more taxes without showing benefits is problematic – Economist

An Associate Professor in the Department of Economics at the University of Ghana is calling for the re-assessment of government spending as well as a consideration for improving its tax effort. Prof Abena D. Oduro delivering the fourth Kwadwo Baah-Wiredu Memorial Lecture said government’s budget is skewed towards consumption expenditure …

Read More »

Release 80 percent of oil revenue to MDAs – Finance Ministry urged

  Stakeholders have called on the Ministry of Finance (MoF) to release at least 80 percent of allocations from the Annual Budget Funding Amount (ABFA) to the Ministries, Departments and Agencies (MDAs) to enable them to execute their duties effectively for national development. The call follows research conducted in beneficiary …

Read More »

Ghana, Ivory Coast commit to end child labour in cocoa industry

  The world’s two largest cocoa producers, Ivory Coast and Ghana, have committed to joining forces to end all forms of child labour in the cocoa industry. In a communiqué, the countries said: “We reaffirm our commitment to eradicating child labour and deforestation in cocoa and will collaborate with all …

Read More »

175 million living without electricity – Report

About 175 million citizens in the Economic Community of West African States (ECOWAS) sub-region are living without electricity. This represents 50 per cent of the 350 million citizens in the 16 member economic block covering the entire region. Dr Mahama Kappiah Executive Director of ECOWAS Centre for Renewable Energy and …

Read More »

World Bank approves US$150 million loan to support 2.2 million pupils

  The World Bank Board of Directors approved today US$150 million in financing to support the government to improve the quality of education for over two million children in low performing basic education schools, and to strengthen the country’s education system. “The project focuses on underserved areas and on improving …

Read More »

Farmers lament over ‘high cost’ of fertilizer under PFJs

  Farmers in the Sunyani West District have complained over high cost of fertilizers, despite government subsidies under the implementation of the Planting for Food and Jobs (PFJs) programme. They lauded the PFJs programme, but added that the cost of NPK fertilizer was still high, and required downward adjustments to …

Read More »

Kantanka doubles production to 250 units as demand in Nigeria soars

  Local car manufacturer, Kantanka Automobile has revealed that the company doubled its production capacity to some 250 units last year. The company attributed the increase to the high demand of cars from neighbouring country, Nigeria as it produced some 400 cars to hit the market. “Production is currently still …

Read More »

More airports coming – Akufo-Addo

  The President, Nana Addo Dankwa Akufo-Addo, has indicated the government’s intention to construct more airports to serve as feeders to the Kotoka International Airport (KIA). According to the President, it is also a way to open up the country to the rest of the continent in the interest of …

Read More »

Instant talk tax deductions not wrong – Ato Forson defends Telcos

Ranking Member on Parliament’s Finance Committee, Cassiel Ato Forson, has “strongly disagreed” with claims of sabotage by the Telcos in the implementation of the 9% increment in the Communication Service Tax (CST). Chairman of Parliament’s Finance Committee, Dr. Mark Assibey Yeboah on Wednesday claimed that the instant talk tax deductions …

Read More »

Parliament to pass TCDA Bill by December – Minister

The Tree Crop Development Authority (TCDA) Bill will be passed by Parliament to receive Presidential Assent by the end of this year, Dr Owusu Afriyie Akoto, the Minister of Food and Agriculture, has said. The Bill, when passed into law, is expected to provide great relief to farmers of tree …

Read More »

Stanbic Bank to intensify education on use of credit card

Nii Odartey Lamptey, the Head of Card and Payment Solution, Stanbic Bank, has said the Bank has outlined strategies to educate the public on usage of credit card to rub out the misperceptions about it. He said people misconceived that using a credit card, kept one in debt forever, and …

Read More »

Yofi Grant gets top appointment

  The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr Yofi Grant, has been elected as the director representing sub-sahara Africa of the World Association of Investment Promotion Agency. His election was after a meeting that ended at Warsaw, the capital of Poland on Tuesday 8th October, …

Read More »

Controlling forex supply: BoG to auction additional $125m

The Bank of Ghana is seeking to auction a total of $125,000,000 for the fourth quarter of 2019; spanning October to December. The exercise is expected to be carried out in five tranches covering the three months. For each tranche, the Central bank is seeking to auction $25,000,000. A notice …

Read More »

MTN provides 5 million jobs for people in Africa – CEO

Rob Shutter, CEO of telecom giant MTN, has said that over the last twenty five years the company has employed five million people on the African continent. Similarly, he said the company has built high-speed networks covering 560 million people and through MTN Mobile Money connected 30 million people to …

Read More »