BUSINESS NEWS

The 2018 budget will announce significant electricity tariff review and reduction to help boost the industrial sector, President Akufo Addo has assured industry players. Delivering a speech at the 6th Association of Ghana Industries (AGI) and Quality Awards, an event organized by the Association in collaboration with the Ministry of …

Ghana ‘s cocoa production is expected to hit two million (2m) metric tonnes by 2019, Mr Joseph Boahen Aidoo, Chief Executive Officer (CEO) of COCOBOD has hinted. He said the current total national capacity of 968,000 metric tonnes of cocoa was woefully inadequate to generate the needed revenue to support …

The Technical Economic Adviser to the Vice President, Dr. Gideon Boako, has slammed the Minority for their criticism of the recently issued energy sector bond, saying they had displayed “gross ignorance” with the statements they made. The managers of the bonds had sought to raise 6 billion cedis under two …

Government is to send 58.95 million dollars on the printing of stamps, including the purchase of servers and other maintenance activities for the implementation of the Tax Stamp Policy. The amount is for a period of five years, with $11.79 million dollars being spent per year. Kwaku Kwarteng, the Deputy …

Some thirty-nine leading businesses and investors are expected to join Her Majesty the Queen of Denmark as part of a two-day State visit to Ghana from November 23 to 24. The Danish business delegation are drawn from four key sectors including agriculture and food products, sustainability, the maritime sector, infrastructure …

President Akufo-Addo, has assured the Chiefs and People of the Upper East Region of the government’s commitment to revamp the defunct Tomato and Meat factories in the area. The President gave the assurance when the Upper East Regional Minister, Rockson Ayine Bukari, and the Vice President of the Upper East …

More than 350 commercial vehicles, mostly taxis, have been confiscated from individuals and groups who failed to repay loans they contracted from the Micro Finance and Small Loans Centre (MASLOC). Additionally, MASLOC has mounted an intensive search to retrieve more than 150 more vehicles whose owners are indebted to the …

The Criminal Investigations Department (CID) of the Ghana Police Service has warned that telecom operators will be prosecuted if they fail to stop the sale of already used and registered SIM cards on the markets. According to the CID, the sale of used and registered SIM cards contribute to mobile …