Oil fell more than 1 per cent on Wednesday, losing ground for a third straight session on hopes of a ceasefire agreement in the Middle East and by rising crude inventories and production in top consumer the United States. Expectations that a ceasefire agreement between Israel and Hamas could be in sight have grown following […] The post Oil falls for a third day
By Kwame Mensah General Secretary of Industrial and Commercial Workers Union (ICU-Ghana) has sent a warm fraternal greetings to all ICU members and the working class in general. Mr. Morgan Ayawine’s 2024 May Day Message was signed and released in Accra on behalf of ICU-Ghana. The message extended his fraternal greetings and solidarity in the to […] The post ICU
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […] The post World Bank predicts
The Rotary Club of Tarkwa has extended a helping hand to the Tarkwa Prisons, donating essential items to enhance the well-being of inmates, in a heartwarming display of compassion and community support. The donation which has become an annual ritual, comprised two blood pressure monitors, three infrared thermometers, medications, bags of water, toilet rolls, toothpaste […] The post Rotary
The Ghana Enterprises Agency (GEA) has reinforced its commitment to bolstering the Association of Ghana Industries (AGI) and the Association for Small Scale Industries (ASSI). Speaking at a short ceremony to hand over of funds and publicity materials to AGI and ASSI in support of the GEA and Mastercard Foundation Business in a Box (BizBox) […] The post Ghana
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […] The post Kofi
The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses. Mr. Bentsi-Enchill said this at the issuance of Letshego’s newly established and expanded GHS 500 million bond programme at the Ghana Stock Exchange. Speaking on […] The post Domestic
Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP) has urged Ghanaians to refrain from politicising fuel prices. On April 16, 2024, several Oil Marketing Companies (OMCs) increased fuel prices, marking the second pricing window of the month. Investigations by Citi News at various OMC outlets showed a notable rise […] The post We shouldn’t
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Ghana Airports Company Limited (GACL) is undertaking comprehensive maintenance of the cooling systems within Terminal 3, KIA. The objective of the exercise is to address condensation problems which cause leakages and also enhance the efficiency of cooling systems in the terminal. The maintenance works, which will be carried out in multiple phases have been scheduled […] The post
The car hummed softly as we navigated the familiar streets of Accra, the engine’s rhythmic purr serving as a backdrop to the heavy silence that hung between us. My passenger, a young boy, and one of my favourite nephews, slouched in the back seat, stared out the window with a distant look in his eyes, […] The post Dede Drives the Discourse:
By Kestér Kenn KLOMEGÂH China and Russia have renewed their anti-Western confrontation during high-level meeting in early April 2024 in Beijing. China demonstrates greater readiness to team up with Global South to “promote reforms in the global governance system” while Russia vehemently confronts “Western-led bloc” during talks in Beijing. But both further pledged to strengthen multilateral strategic […] The post
By Samuel SAM In a bid to tackle climate change and its global impacts, the Centre for Culture and Environmental Conservation (CECECON), a non-governmental organisation (NGO), has been officially inaugurated at the Tamale Technical University (TaTU) in the Sagnarigu Municipality of the Northern Region. The organization aims to sensitise and advocate climate change awareness, in […] The post
AFTER SYMBOLIC VISIT TO THE ANCESTRAL FOREST By Alvin Nii Okine Kasabrofo. The people of Prampram are gearing up for the celebration of this year’s Lalue Kpledomi festival, with the first taking place on the 23 of April. According to an elaborate program released by the Prampram Traditional Council, a curfew will immediately follow right […] The post People
By Rashidatu IBRAHIM Amid public outcry over the recently revised cost of passport acquisition, Dr. Andy Appiah-Kubi, Chairman of the Foreign Affairs Committee of Parliament, has clarified that the newly adjusted fees reflect the actual costs of the passport application process, rather than being a means for the government to generate profits. Addressing the press […] The post
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
a call for policy revision By Emmanuel KUNDO A recent directive issued by the Ghana Revenue Authority (GRA) has stirred controversy within the business community regarding the implementation of the Commissioner-General’s invoice (VAT Invoice) as proof for allowable expense deduction under Section 9 of the Income Tax Act, 2015 (Act 896) as amended. Although, the […] The post
By Catherine ADODOADJI-DOGBE and Fatima FAROUTA Globally there has been an increase in municipal solid waste generation. Predictions indicate that Municipal solid waste generation will grow from 2.3 billion tonnes in 2023 to 3.8 billion tonnes by 2050. The global direct cost of waste management was estimated at USD 252 billion in 2020 and the […] The post Harnessing
By Kofi Anokye Owusu-Darko (Dr) According to the banks, there is a Bank of Ghana (BOG) directive that all third-party transactions in the banking hall must be supported by an identification (ID) of the party undertaking the transaction. This stems from the Anti-Money Laundering Act, 2020 (Act 1044), and the December 2022 BOG Guidelines for […] The post Anti-money
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Stuck
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