Business
We shouldn’t politicise fuel prices – Kwadwo Poku
Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP) has urged Ghanaians to refrain from politicising fuel prices. On April 16, 2024, several Oil Marketing Companies (OMCs) increased fuel prices, marking the second pricing window of the month. Investigations by Citi News at various OMC outlets showed a notable rise […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Companies
Ghana Airports Company fixes terminal 3 cooling system at KIA
Ghana Airports Company Limited (GACL) is undertaking comprehensive maintenance of the cooling systems within Terminal 3, KIA. The objective of the exercise is to address condensation problems which cause leakages and also enhance the efficiency of cooling systems in the terminal. The maintenance works, which will be carried out in multiple phases have been scheduled […]
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Columnist
Dede Drives the Discourse: Episode 11: Quietly Finding Our Unique Value
The car hummed softly as we navigated the familiar streets of Accra, the engine’s rhythmic purr serving as a backdrop to the heavy silence that hung between us. My passenger, a young boy, and one of my favourite nephews, slouched in the back seat, stared out the window with a distant look in his eyes, […]
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Editors' picks
China and Russia stand for global governance reforms
By Kestér Kenn KLOMEGÂH China and Russia have renewed their anti-Western confrontation during high-level meeting in early April 2024 in Beijing. China demonstrates greater readiness to team up with Global South to “promote reforms in the global governance system” while Russia vehemently confronts “Western-led bloc” during talks in Beijing. But both further pledged to strengthen multilateral strategic […]
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Editors' picks
CECECON inaugurated to combat climate change
By Samuel SAM In a bid to tackle climate change and its global impacts, the Centre for Culture and Environmental Conservation (CECECON), a non-governmental organisation (NGO), has been officially inaugurated at the Tamale Technical University (TaTU) in the Sagnarigu Municipality of the Northern Region. The organization aims to sensitise and advocate climate change awareness, in […]
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Editors' picks
People of Prampram gear up for Lalue Kpledomi festival
AFTER SYMBOLIC VISIT TO THE ANCESTRAL FOREST By Alvin Nii Okine Kasabrofo. The people of Prampram are gearing up for the celebration of this year’s Lalue Kpledomi festival, with the first taking place on the 23 of April. According to an elaborate program released by the Prampram Traditional Council, a curfew will immediately follow right […]
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Editors' picks
Parliament justifies passport fee hike; says it reflects true costs, not profit-making
By Rashidatu IBRAHIM Amid public outcry over the recently revised cost of passport acquisition, Dr. Andy Appiah-Kubi, Chairman of the Foreign Affairs Committee of Parliament, has clarified that the newly adjusted fees reflect the actual costs of the passport application process, rather than being a means for the government to generate profits. Addressing the press […]
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Editors' picks
Assessing the shortcomings of GRA’s directive on VAT invoices as the basis for expense deduction
a call for policy revision By Emmanuel KUNDO A recent directive issued by the Ghana Revenue Authority (GRA) has stirred controversy within the business community regarding the implementation of the Commissioner-General’s invoice (VAT Invoice) as proof for allowable expense deduction under Section 9 of the Income Tax Act, 2015 (Act 896) as amended. Although, the […]
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Editors' picks
Harnessing innovation and indigenous knowledge for zero waste
By Catherine ADODOADJI-DOGBE and Fatima FAROUTA Globally there has been an increase in municipal solid waste generation. Predictions indicate that Municipal solid waste generation will grow from 2.3 billion tonnes in 2023 to 3.8 billion tonnes by 2050. The global direct cost of waste management was estimated at USD 252 billion in 2020 and the […]
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Editors' picks
Anti-money laundering: Banks asking for ID when depositing cheques is an overkill
By Kofi Anokye Owusu-Darko (Dr) According to the banks, there is a Bank of Ghana (BOG) directive that all third-party transactions in the banking hall must be supported by an identification (ID) of the party undertaking the transaction. This stems from the Anti-Money Laundering Act, 2020 (Act 1044), and the December 2022 BOG Guidelines for […]
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General News
Cocoa Farmers Rejoice Over Jumbo Price Increase
In a move that has been met with great enthusiasm following the government announced 58.26% increase in the producer price of cocoa, farmers have gone to town in jubilation.
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Featured
COCOBOD has incurred losses since Akufo-Addo assumed office – Eric Opoku
The Member of Parliament for Asunafo South, Eric Opoku, has asserted that the Ghana Cocoa Board (COCOBOD) has incurred losses since President Akufo-Addo assumed office. He attributed these losses to the poor performance of the Akufo-Addo-Bawumia government, which has been in power since 2017. During an interview with Bernard Avle on the Point of View […]
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Editors' picks
Women in PR unveils top 10 PR Women for 2023
Women in PR Ghana (WiPR) is excited to unveil the Top 10 Women in PR for the year 2023. This prestigious recognition, which is in its 7th year, celebrates the remarkable contributions of women in the field of Public Relations, highlighting their innovative strategies, impactful campaigns and dedication to the growth of the industry. The […]
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Featured
Suspension of Price Stabilization and Recovery Levy shocking – GPRTU
The Ghana Private Road Transport Union (GPRTU) has expressed dismay over the sudden reversal of the Price Stabilization and Recovery Levy on petroleum products by the National Petroleum Authority (NPA). The National Petroleum Authority (NPA) on April 4, 2024, instructed all Oil Marketing Companies and related stakeholders to impose a levy of 16 pesewas per […]
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Featured
Fuel prices cross 14 Cedis per litre, the highest in 14 months
Petroleum consumers in Ghana are expected to pay more for fuel following the decision by the National Petroleum Authority (NPA) to suspend the Price Stabilization and Recovery Levy on petroleum products. In a directive dated April 3, 2024, and distributed to various stakeholders within the oil marketing and distribution sector, the NPA instructed the application […]
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News
Gov’t increases cocoa price to GHC2,070 per bag
Government in consultation with stakeholders in the cocoa sector, has reviewed the producer price for cocoa upwards, as a bag of the cash crop is pegged at GHC2,070, effective today, Monday, April 5. This means that the new price will be in force for the rest of the 2023–2024 cocoa season. The Ghana Cocoa Board […]
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Business
Government increases producer price of cocoa by 58%
The Ghana Cocoa Board (COCOBOD) has announced a revision in the Producer Price of cocoa for the remainder of the 2023/24 crop year, effective from Friday, April 5, 2024. This decision was made following consultations with stakeholders. COCOBOD in a statement released on April 5, 2024, explained that a 64 kg bag is now priced […]
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