BUSINESS

The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 30 per cent. At its meeting on Monday, 27 November 2023, the MPC noted that although inflation is decelerating, it remains high relative LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE VIDEO BELOW: to target. “Therefore, there is a need to keep the policy rate ...

McDan Arlines now has a commercial air career licence granted by the the Ghana Civil Aviation Authority (GCAA). Speaking at a ceremony to present the licence, the deputy director-general of the GCAA, Mr Daniel Acquah, said: “McDan’s acquisition of a commercial air carrier licence signals a major leap forward in Ghana’s aviation sector”. “We believe that their unique approach and ...

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has lauded Ghana for strong policies that ensured a successful first review of the $ 3 billion deal. Madam Georgieva said this in a tweet after Meeting President Nana Addo Dankwa Akufo-Addo at the Compact with Africa (CwA) Conference on Tuesday, November 21. “Pleasure meeting with President@NAkufoAddo  at #CwA. I praised Ghana’s strong policies that allowed reaching staff-level agreement on the ...

Dean of the Business School at the University of Cape Coast, Professor John Gatsi, has said that the current rate of inflation is enough to ensure a downward trend in the prices of goods and services. The inflation rate for the month of October, 2023 dropped to 35.2 percent, the Government Statistician Professor Samuel Annim announced. The old rate was 38.1 percent as at September, 2023. The decrease ...

The Member of Parliament for Yapei-Kusawgu Constituency, Mr John Jinapor, has hinted at voting against the 2024 budget if it includes new taxes. The MP, a member of the Finance Committee of Parliament, mentioned that he would only vote in favour of such a budget if directed by his party’s leadership to do so. Expressing his concerns, he argued that ...

The Director of the Institute of Statistical, Social, and Economic Research (ISSER), says there is a significant 58% deviation from the E-levy revenue targets during a pre-budget conversation on Joy FM’s Super Morning Show. Prof Peter Quartey’s revelation follows ISSER’s recent report on the Ghanaian economy, released on October 31, 2023, which delved into the effectiveness of the E-levy, sparking ...

A Labour Expert Austin Gamey has said that salary increments should be linked to productivity to ensure that the country grows its Gross Domestic Product (GDP). He says salaries cannot be paid just for the sake of it. He was commenting on the 23 per cent salary increment that has been granted by the government to public sector workers. Justifying the increment, the Minister of Labour and Employment Ignatius Baffuor ...

Organised Labour has secured a 23% increment in the base pay for the Year 2024, after a two-day negotiation with the government. This is expected to take effect from January 1, 2024 to June 2024. The raise is however, to be readjusted upwards with an additional 2% from July 2024 to December 2024, bringing the total increase for the year ...

The Bulk Oil Storage and Transportation Limited Company (BOST) has responded to reports that it purchased 18 iPhone 13 Pro Max phones for some staff at a total cost of over GH¢28 million. In a statement addressing these reports, BOST confirmed that it did indeed buy the phones for its corporate executives in May of the previous year. The statement ...

The Abossey Okai Spare Parts Dealers Association has given government a two-week ultimatum to stop the Ghana Revenue Authority (GRA) from deploying its officers to shops in a tax-compliance and invigilation exercise. The Authority, as part of efforts to increase tax revenues, has scheduled to deploy its officers to the spare parts enclave from Monday, October 2 to inspect receipts ...