BUSINESS

GPRTU demands reduction in fuel prices; describes recent review ‘insignificant’

The Ghana Private Road Transport Union (GPRTU) has described as insignificant the GHp15 reduction in fuel prices in the country. The Union vowed it will continue its pressure on the government to remove some nuisance levies on petroleum products because that have accounted for the high fuel prices in the country. Currently, some pumps are selling fuel GH¢6.60 to GH¢6.80, ...

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Mobile money agents to go on strike Thursday over e-levy

Leadership of the Mobile Money Agents Association of Ghana (MMAAG) has announced its intention to embark on an industrial action on Thursday, December 23. “All agents will go on strike hence all outlets will remain closed.” This was contained in a statement on Sunday, December 19 and it is in relation to the yet-to-be introduced Electronic Transfer Levy, also known ...

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Trade Ministry denies Minority’s claim that ¢269m can’t be accounted for

The Ministry of Trade and Industry has denied claim by Ranking Member of the Select Committee on Trade and Industry and Tourism of Parliament, Hon Emmanuel Armah Kofi Buah that an amount of ¢269million cannot be accounted for. The Ministry said in a statement signed by its Chief Dire tor, Patrick Yaw Nimo said the claim is untrue and misleading. In a press conference ...

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Nana, Ramaphosa Push For More Intra Africa Trade

PRESIDENT AKUFO-ADDO and South African President, Cyril Ramaphosa, thinks the best way for Africa to develop is to intensify trade among countries on the continent. Speaking at the Ghana-South Africa Business Forum in Accra Sunday to climax the two-day state visit of the South African leader to Ghana, President Akufo-Addo noted that “There is one set of data that for ...

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Be patient with central banks in the Covid recovery process – IMF to policymakers

The International Monetary Fund (IMF) has urged policymakers around the globe to be patient with their central banks as they work to bring back inflation to the levels they were during the pre-pandemic era. The Bretton Woods institution also urged central banks to communicate clearly inflation expectations. “When prices and people expectations go differently, that is de-anchoring and when that happens inflation ...

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Gov’t directs GOIL to cut fuel prices after drivers’ strike, demo

The government, according to the head of communications of the Ghana Private Road Transport Union (GPRTU), Mr Abass Imoro, has directed state oil firm Ghana Oil Company (GOIL), to cut the prices of fuel at the pumps effective Tuesday, 7 December 2021. The decision comes after the presidency met union leaders of commercial drivers on Monday, 6 December after they ...

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First ever GT Bank Ghana concert set for Dec. 17

Guaranty Trust Bank (GTB Ghana) Limited is set to hold its first-ever outdoor concert in Ghana on Friday December 17,2021. The show is tagged GTCO Music Concert This inaugural event will be held at the the Accra Sports Stadium on Friday, and will feature performances from some of Africa’s brightest breakout stars of both Ghanaian and Nigerian origin. The GTCO ...

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