Manufacturers of cement products could be liable to up to three years in jail if they flout certain provisions of the Legislative Instrument (L.I.) being proposed by Trade Minister, K.T Hammond. This stiff penalty is contained in the proposed draft document the Trades Minister intends to present to the House sighted by JoyNews. This comes as the Trade Minster, K.T …

John Dramani Mahama, the flagbearer of the National Democratic Congress, (NDC) has expressed appreciation to the South Korean government for its decision to forgive Ghana’s debt, noting that it will help support Ghana’s debt restructuring efforts during these challenging economic times. This comes after the Ambassador of South Korea to Ghana, Park Kyongsig, paid a courtesy call on him at …

The Ghana Plastic Manufacturers Association has threatened to shut down production over the imposition of a 5% excise tax on locally produced plastic products. At a press conference, the President, Ebbo Botwe issued a week ultimatum to government to rescind the decision as it would impact their businesses. However, he proposed engagement with all stakeholders, citing the potential economic fallout …

Trades and Industry Minister, KT Hammond, says he will disregard the Chamber of Cement Manufacturers petition to delay the implementation of a legislative instrument to regulate cement prices. KT Hammond insists that the law is essential to prevent a cartel of manufacturers from exploiting the public. Under the proposed LI, cement manufacturers could face up to three years in jail …

Veteran journalist Kwesi Pratt Jnr has criticized members of the Nana Addo Dankwa Akufo-Addo government for “rejoicing” over an agreement reached with Eurobond holders regarding the treatment of Ghana’s $13 billion debt to external creditors. Under the agreement, Eurobond holders are expected to forego approximately $4.7 billion of the debt owed to them by Ghana and provide additional cash flow relief of …

Chief Executive Officer of Ghana COCOBOD, Joseph Boahen Aidoo, has addressed calls for his resignation for the decline in cocoa production and low yields. He asserted that, the decrease in cocoa output is due to natural occurrences, not mismanagement. The COCOBOD CEO has faced criticism for his perceived lack of proactivity and effectiveness, which some argue has contributed to the …

The Managing Director of the Agricultural Development Bank (ADB) PLC, Alhassan Yakubu-Tali has emphasised the need to speed up financial inclusion through digitalisation. This, he said, will help bring financial services to people who don’t have access to banks. He pointed out that people without bank accounts should be seen as potential customers. By developing strong digital infrastructure, these people …

The Bank of Ghana (BoG) has reviewed rules covering advance payments for imports of goods and services to the country. This was contained in a statement published by the central bank to regulate the sector. The review will take effect from July 1, 2024. The BoG said the decision was taken as part of measures to clarify the procedures that …

Customers of the Aggrieved Customers of defunct Gold Coast Fund Management (ACGCFM) have lauded the steps initiated by the government to pay victims of the banking sector cleanup. Finance Minister Dr Mohammed Amin Adam at a UK Town Hall meeting over the weekend announced that President Akufo-Addo has instructed the release of ¢1.5 billion to assist customers affected by the banking sector …

Poverty, lack of education, and interference from persons in high offices, including traditional authorities and politicians, have been identified as major factors hindering Ghana’s efforts to end human trafficking. According to Deputy Attorney General, Diana Asonaba Dapaah, despite government interventions, including the passage of relevant laws, these factors continue to affect her office’s efforts at prosecuting perpetrators of the crime. …