Home » Business

Business

Transport Fares Go Up

Transport Unions across the country have agreed to a 15 percent increase in transport fares. The agreement was reached at a meeting Monday, April 3, 2017, with the Transport Ministry. The new fares will take effect on Thursday, April 5, 2017. The Ghana Transport Coordinating Council says it is Tuesday morning beginning to sensitise transport operators on the new fares. Acting ...

Read More »

Ivory Coast plays blame game for Cocoa crisis in top producer

Ivory Coast’s cocoa regulator pointed to speculators and prospects for a glut as the reason for a slump in futures that forced the nation to cut the price it pays farmers. There was something it didn’t blame: Itself. Le Conseil du Cafe-Cacao also said a volatile pound and defaults by local exporters contributed to a plunge in international futures. But ...

Read More »

Aviation ministry confers with partners to establish national airline

The Minister of Aviation, Ms Cecilia Abena Dapaah, says the ministry has started receiving proposals from interested investors who want to partner the government to establish a national airline. Although she declined to give details of the number of proposals received, she said the plan of the government was to establish a national airline based on a public-private partnership (PPP) ...

Read More »

2017 budget likely to be presented on March 3

Government is preparing to present its 2017 Budget and Economic Policy to parliament on March 3 barring any changes. Finance Minister Ken Ofori-Atta who disclosed this to JOYBUSINESS says the ministry together with the Economic Management Team is working hard to complete ongoing budget hearings to meet the proposed date for the budget presentation. He says they are hoping to finalise a ...

Read More »

NPP Blocks ‘Stinky’ Ameri Deal

K.T. Hammond and John Jinapor The sixth parliament of the Fourth Republic was adjourned at about 1pm on Friday and officially dissolved at 12pm with the minority New Patriotic Party (NPP) effectively blocking an attempt by the outgoing NDC government to enter into a $138 million agreement with Ameri Group for the operation of T3 Power Plant in Takoradi belonging ...

Read More »

High Taxes, Dumsor Killing Businesses – Konadu

Nana Konadu addressing the media Flagbearer of the National Democratic Party (NDP), Nana Konadu Agyeman-Rawlings, has bemoaned the extremely high taxes in Ghana. According to her, the current tax regime in the country cannot support the growth of businesses, hence the need for a ‘better’ tax system. The NDP leader said this when she took her turn at the Institute ...

Read More »

More Power Outages Ahead

Ghana is losing about 230 megawatts of power currently from the Aboadze thermal power enclave following the shortage of light crude oil and the reduction in gas supply. If the situation persists in the coming days, there are bound to be more power outages in the country, sources at the Volta River Authority (VRA) have disclosed. Reduction in supply According ...

Read More »

Gov’t Cashstrapped Ahead Of November Polls – MP

Dr. Mark Assibey-Yeboah A Member of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah has alleged that government is currently broke five months to the general elections and is unable to honour its financial obligations. According to him, government is currently struggling to release money to the District Assemblies Common Fund (DACF) Secretariat for onward disbursement to the various Metropolitan, Municipal and ...

Read More »

Fuel Prices To Go Up Again

The Chamber of Petroleum Consumers, Ghana has forecast a 2% fuel price adjustment beginning Thursday.According to the Chamber, the move is “very unfortunate and totally unnecessary considering the fact world market prices though currently volatile has not seen any significant increases to warrant any such relative increases on local pump prices, the exchange differentials have also neither seen any significant ...

Read More »

ECG admits there are ‘political meters’ in the system

The Electricity Company of Ghana (ECG) has stated that its inability to raise enough revenue from its services is due to some strange meters in the system supplied by politically influential persons.   Aside from these strange meters in the system, the company said in 2014 over 24,000 meters mysteriously found their way into the system without the knowledge of ...

Read More »

Send this to friend