BUSINESS

The Minister for Finance, Ken Ofori-Atta has called on the youth who are the ‘country’s resource envelop’ to take advantage of government initiatives and programmes such as the Ghana CARES Obaatanpa programme and initiatives by the NBSSI and the NIEP. These initiatives are designed to provide the youth with access to finance and skills in entrepreneurship, agriculture, small scale industries, ...

The Ghana Private Road Transport Union (GPRTU) has urged Ghanaians to be grateful for the 13 percent increment in transport fares. According to the union, other transport unions had proposed a thirty percent increment instead. The GPRTU and Road Transport Coordinating Council announced an increment in transport fares on Wednesday, which will be in effect from Saturday, June 5. This ...

The Ghana National Petroleum Corporation (GNPC) has been urged to position itself to become a stand-alone operator and take advantage of the current ‘energy transition’ regime to diversify its portfolio. It is expected to have some reserves (savings monetary wise) to be able to do the above. Globally, a chunk of the major oil companies such as Shell, Exxon Mobil ...

The National Tripartite Committee has announced a six per cent increase in Ghana’s National Daily Minimum Wage for 2021, to take effect on June 4. This was made known in a communique jointly signed by the Minister for employment and labor relations Ignatius Baffuor Awuah for government, president of the Ghana Employment’s Association Daniel Acheampong for employers, and the secretary-general ...

A former Energy Minister under the erstwhile NDC administration, Emmanuel Kofi Armah Buah, has slammed the government over the decision by ExxonMobil to abandon its oil block and pack out of the country after undertaking seismic works. Speaking to the media in parliament, Mr Buah who is also the MP for Ellembelle said the government failed to provide favourable conditions ...

The Bank of Ghana is in the advanced stages of introducing a digital currency, the Governor of the central bank, Dr Ernest Addison has disclosed. According to Dr. Addison, the e-cedi will go through three phases before it goes into circulation. He said in the final stage, a pilot would determine whether the digital currency will be feasible before it ...

THE BANK of Ghana’s latest confidence surveys conducted in April 2021 showed some dip in both consumer and business sentiments. Consumer confidence dipped slightly on account of recent increases in petroleum prices at the pump, new taxes, and transportation fares. The latest monetary policy committee (MPC) report by the Central Bank, which made this known, said this followed on the ...

The Concerned Drivers Association has said the 13 per cent transport fare hike announced on Wednesday, 2 June 2021 is an “insult” to its members and has vowed to implement a 20-per cent increase. The PRO of the group, Mr David Agboado, told Class News in an interview that: “We are communicating to our passengers and our cherished customers that ...

Goil Ghana Limited is diversifying into the production of polymer modified bitumen as an added value model to sustain the business and promote national development. Amid the global energy transition aimed at minimising the effects of fossil fuel on the environment, GOIL has constructed a bitumen plant under a joint-venture with Societe Multinationale de Bitumes (SMB) of Cote d’Ivoire, which ...

Ghanaian-owned brokerage firm, Obsidian Achernar, has been licensed by the Bank of Ghana as one of the Primary Dealers (PDs) of government bonds for the country. Obsidian Achernar was commissioned by the central bank, along with 17 other reputable financial institutions including Absa Bank, Stanbic Bank and Standard Chartered Bank. Their appointment follows an invitation by the Ministry of Finance ...