Business News

    The Ghana Armed Forces (GAF) has arrested Alex Cobbinah, a young man who impersonated a soldier in a viral video, falsely alleging that President-elect John Dramani Mahama planned to dismiss all soldiers recruited through protocol means. In the video, Cobbinah was seen wearing a Ghana Navy vest and …

Major Oil Marketing Companies (OMCs) have started upwardly adjusting pump prices four days into the first pricing window of November. The pricing window, which began on November 1, initially saw mixed responses from OMCs. While some OMCs kept prices steady, others raised only the price of petrol. However, in a …

The Electricity Company of Ghana (ECG), has cautioned customers and the general public against the illegal sale, distribution, and purchase of fake meters in the Ashanti Region by some individuals. The power distributor expressed concerns about the distribution of fake meters in their operational areas, warning to clamp down on …

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra …

The National Communication Authority (NCA) has responded to public concerns regarding high internet data pricing, affecting businesses and sparking outrage on social media. Many have called for the dissolution of the NCA board due to high data costs and unreliable data supply, which some attribute to MTN’s declaration as a …

General Secretary of the General Agriculture Workers Union (GAWU) Edward Kareweh has explained the factors causing the rising cost of food items in Ghana. He attributed it to factors including the decline in lands available for food production. He revealed that most of the farmlands have been encroached upon by …

The leadership of the Transport Operators Association of Ghana has announced a 15 percent transport fare increment. The increment starts on Monday, July 22, they said. This has become necessary due to the recent surge in petroleum and spare parts prices coupled with economic hardship. The Concern Drivers Association Public …

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Shell has taken the lead, selling at litre of petrol at ₵15.10 and diesel for ₵15.25. Previously, Shell was selling a litre of petrol at ₵14.80 and diesel was going for ₵14.92. By this, petrol …

The gari market in Koforidua is grappling with a severe cassava shortage, causing prices to soar sharply. This development has sent shockwaves through the industry, leaving gari traders struggling to stay afloat. According to a market survey by the Ghana News Agency in the second quarter of 2024, the scarcity …

The Ghana Private Road Transport Union (GPRTU) has clarified that it has not taken any decisions regarding a potential increase in transport fares. This announcement is to quell recent rumours and speculation suggesting that the union would be increasing transport fares. According to the union, despite the recent surge in …