Business

The Ghana Cocoa Board (COCOBOD) has collapsed and must be done away with, President of the Concerned Cocoa Farmers Association, Nana Boateng Bonsu, has indicated. Last week, Finance Minister Ken Ofori-Atta said his office and the Bank of Ghana were liaising to set up a monitoring desk at COCOBOD to ensure discipline in the state-owned company’s expenditure, following concerns raised …

The Minister for Sanitation and Water Resources, Freda Prempeh, has blamed the extent of damage caused by the Akosombo Dam spillage on the refusal of residents living along the dam to evacuate prior to the spillage. The devastating impact of the dam spillage has displaced over 20,000 people in the Volta and Greater Accra regions. The minister, while sympathizing with …

The Volta River Authority (VRA) has disclosed that it has spent over GH¢20 million on relief items for residents affected by the Akosombo Dam spillage. The VRA indicated that the amount was used to purchase foodstuffs, mattresses, and medical supplies. A deputy chief executive officer of the VRA, engineer Ken Arthur, said that the VRA is doing its best to …

The University of Ghana branch of the University Teachers Association of Ghana (UTAG) says it is poised to collaborate with government to find a lasting solution to the issue of flooding caused by spillage of water from the Akosmobo dam. The association noted that the university engineering department together with the appropriate bodies can devise measures to spill the water …

The Ministry of Roads and Highways has instructed heavy-duty vehicle drivers not to use the Doli Bridge near Bole in the Savannah Region. The Doli Bridge, which links the Upper West Region to the southern part of Ghana, was washed away by heavy rain on September 17, 2023. The Minister of Roads and Highways, Kwesi Amoako-Attah, visited the broken bridge on September …

The Ghana Revenue Authority (GRA) has defended its decision to impose taxes on bloggers, brand influencers, MCs, and others. The taxation of income generated in the digital realm has been a topic of discussion in various countries, including Ghana. While traditional sources of income are relatively straightforward to tax, digital earnings present distinctive challenges. The GRA’s decision to consider taxing bloggers and …

The CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail to the tune of GH¢500 million with four sureties, none to be justified. He has also been directed to deposit his passport at the court registry as part of the bail conditions. This follows his plea of not guilty to 39 counts of fraud and money …

Energy Minister, Dr. Mathew Opoku Prempeh, as part of efforts to ensure a robust energy sector that will support Ghana’s economic transformation, has led a Ghanaian delegation to the World Bank. According to him, the engagement with the World Bank is about the World Bank’s support in the context of our Energy Sector Recovery Programme (ESRP). Explaining how important the discussions with …

As of July 2023, the inflation rate stood at 43.1% but dropped to 40.1 in the month of August. Professor Samuel Kobina Annim, the government statistician, announced this during a press conference. Statistics however also indicate a decline in food inflation from 55.0% to 51.9% in July. Meanwhile, Non-food inflation has also witnessed a drop from 30.9% to 2.9% and …

The Coalition of Transport Unions and Associations has asked the government to scrap nuisance taxes else they will increase transport fares by 20% in the next 13 days. The Coalition of Transport Unions and Associations earlier threatened to increase transport fares by 20% if the government failed to scrap some taxes from the petroleum price build-up. The National Public Relations …