Business

The Trades Union Congress (TUC) has given the government a seven-day ultimatum to withdraw the imposition of Value Added Tax (VAT) on electricity consumption above lifeline. In a letter dated January 1, Finance Minister, Ken Ofori-Atta, directed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) to implement the VAT, aiming to raise revenue for the COVID-19 recovery program. However, the …

Trade and Industry Minister, KT Hammond, has described as troubling the decision of cement producers and importers to increase prices. The Adansi Asokwa MP says the development is a “conspiracy of a cabal of cement producers and importers,” which should be condemned. According to him, the government has provided the necessary enabling environment for cement producers to thrive, and as …

Ghana’s Cocobod is facing delays in securing its usual syndicated loans and has opted to borrow between $150 million to $200 million from cocoa traders to partially finance bean purchases for the 2023/24 season. Fiifi Boafo, the regulator’s public affairs manager, informed Reuters that the challenges in obtaining loans from banks led Cocobod to explore alternative sources, such as loans …

The Domestic Services Workers Union (DSWU) in Ghana with the support of the International Domestic Workers Federation (IDWF) has organized a three-day workshop training to support a ratification campaign and implementation of the International Labour Organization (ILO) Convention 189. The workshop aimed at empowering domestic workers and enhancing their rights and working conditions. This article will delve into the significance …

The Chief Executive Officer (CEO) of defunct Menzgold Ghana Limited, Nana Appiah Mensah, is not happy with the decision of the Ghana Police Service to lodge some GH₵2.5 million he gave to the law enforcement body for disbursement to his aggrieved clients, at the Bank of Ghana. NAM1 has threatened to retrieve the money from the police. “The intent was …

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 …