Business

Vice President Dr Mahamudu Bawumia on Tuesday, 15 September 2020, was in Takoradi, the Western Regional capital for a day’s working visit where he began the day by commissioning a $56.7m Liquid Bulk Terminal at the Takoradi Port. Dr Bawumia also cut the sod for the construction of a new …

Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on futures prices for the 2020-21 harvest, according to two people familiar with the matter. Growers of cocoa beans in the world’s second-largest producer of the crop will receive 625 cedis …

A former Chief Executive Officer (CEO) of the Ghana National Petroleum Authority (GNCP), Alex Mould, has described the Agyapa Royalties deal as a sham transaction that raises a lot of questions to be answered by the government. He noted one would have expected Finance Minister, Ken Ofori Atta, to have …

President Nana Addo Dankwa Akufo-Addo has announced that Ghana’s International Airport will be reopened on Tuesday, September 1 after five months of shutdown as part of measures to slow the spread of COVID-19. In an address to the nation on Sunday, the president stated that the time is right to …

The Executive Director of the Nigerian Traders Union in Ghana has warned that if attacks on his countrymen trading in Ghana must end or else, there will be reprisal attacks in Nigeria soon. Speaking on Morning Starr on Friday, Kacey Ogbonna said there is no justification for some of the …

West Africa, with about 380 million people, is the final frontier for global automakers looking to increase manufacturing capacity in a region where they currently have little presence. While local assemblers in Nigeria, home to nearly half of the region’s population, have partnered with companies such as Volkswagen AG to …

The government says the implementation of the new rate for the Communication Service Tax also known as talk tax is to begin effective September 2020. Finance Minister, Ken Ofori-Atta during the presentation of the 2020 mid-year budget review announced that the talk tax has been reduced from 9 percent to …

The Chamber of Petroleum Consumers Ghana (COPEC) has called on commercial drivers to immediately reduce transport fares due to the President’s decision to lift the restriction placed on commercial vehicles in the wake of the COVID-19 pandemic. President Akufo-Addo announced on Sunday that commercial buses and taxis are to load …

The host of Metro TV’s flagship current affairs programme, Good Evening Ghana, Paul Adom-Otchere, is claiming that the Bank of Ghana deliberately collapsed some indigenous banks. According to him, the act was purely executed out of envy and hatred. “It is motivated by jealousy. It is motivated by hatred. It …

The Ranking Member on Parliament’s Finance Committee, Cassiel Ato Forson, is not enthused with the mid-year budget review presented by the Minister of Finance on Thursday, July 23, 2020. Ato Forson said he expected the government a better breakdown of all expenses incurred with regards to the COVID-19 pandemic. Speaking …