Transportation prices have been increased by 10 percent. This takes effect starting Monday, September 16, 2019. This increase will include long-distance services, commonly known as Trotro, long-distance vehicles, and general taxes. The new tariff was set after discussion amid the Ghana Private Road Transportation Union (GPRTU), the Ghana Road Transport Coordinating Board and the Ministry.
Gilbert Addy, a worker at the Bank of Ghana (BoG) has been dismissed after investigations revealed that he had accepted a bribe of GH¢ 410,000.00 in the award of a contract to Sibton Switch Systems Limited in 2016. The amount is said to be over 14 times his annual salary. Mr. Addy, who was the.
Former President John Mahama in 2016 openly admitted that the banking sector under his watch was crumbling due to poor supervision from the Bank of Ghana. In his State of the Nation Address (SONA) in 2016, he told Members of Parliament (MPs) bluntly about how poor supervision was adversely affecting the survival of some microfinance.
The host of Good Evening Ghana on Metro TV, Paul Adom Otchere, has criticized Ghanaian governments for destroying Ghanaian businesses and killing entrepreneurship in the country, singling out former President Rawlings as one who destroyed more Ghanaian businesses for no justifiable reason. Using how Nigerian governments have supported Aliko Dangote, Africa’s richest man by some.
Fuel prices have consistently gone up for the past 32 months to see an accumulated increment of 50 percent over the period; meanwhile, the same cannot be said for consumers’ incomes, an analysis by the B&FT and the Institute for Energy Security (IES) has shown. As Oil Marketing Companies (OMCs) increase their prices at the.
COCOBOD is set to sign its annual cocoa loan syndication deal with some 20 French banks in September 2019. This was after it secured Parliament’s approval to borrow up to $1.5 billion to aid cocoa purchases for the 2019/2020 crop season. Joy Business understands that COCOBOD could sign the deal with 20 banks possibly on.
Vice President Dr. Mahamudu Bawumia introduced in Accra what is described as the first EMV dual purpose and payment card for financial inclusion. Known as Gh Dual Card, a new product from Ghana Interbank Payment and Settlement Limited (GhIPSS) is a two-in-one payment card that offers E- zwich and Gh-Link applications. Therefore, it can be.
President Nana Akufo-Addo has launched the second season of the Presidential Pitch Initiative, an entrepreneurial contest for persons aged 18 to 35 years. The president presented cash prizes to participants ranging from GHc25,000 to GHc60,000 and explained that these prizes were not loans but subsidies. This is an unending proof of the government’s commitment to.
The Government of Ghana is partnering with the World Bank to develop Lake Volta as part of a Regional Multimodal project to connect the country with neighbouring countries at the Tema Port. Mr. Kwaku Ofori Asiamah, Minister of Transportation, who announced this at a mid-year review conference at the Ministry, said that the Ministry was.