As the Bank of Ghana (BoG) launched its Ghana Gold Coin initiative aimed at curbing cedi depreciation and reducing dollar hoarding, economist Professor Godfred Bokpin has expressed skepticism about the initiative’s effectiveness. According to Professor Bokpin, while the gold coin offers an alternative investment avenue, it is not a comprehensive solution to the persistent decline […]
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We can’t afford tomatoes–Traders lament
Tomato traders in major markets are struggling with the high cost of purchasing tomatoes.They say the recent increase in prices has nearly put them out of business.Four pieces of tomatoes selling for GH¢20.Traders reported that the most expensive box of tomatoes used to cost around GH¢4,200, but this year they have been buying the same […]
Over 500,000 Businesses To Be Removed From Business Register By June 30
The Office of the Registrar of Companies (ORC) has announced that effective June 30, 2024, over 500 public and private business names and companies will be struck off the register due to their failure to file annual returns and maintain good standing. Despite being served notices and reminders through various sensitisation programs and multiple publications […]
MACCCU Celebrates 18 Years of Service and Community Impact
Mim Ahafo Community Cooperative Credit Union Ltd (MACCCU) celebrates its 18th anniversary today, June 6, 2024. The board members and executives of MACCCU have created awareness for its customers and the general public about this milestone.Mr. Opoku Mensah, the founder of MACCCU, expressed that the union is making significant progress and encouraged all members and […]
Tomato Traders Protest Reduction of Wooden Crates Amid Price Hike
Tomato traders in Accra central have taken to the streets to protest against farmers who have reduced the size of wooden crates used for boxing tomatoes, despite a recent hike in prices. The traders argue that this change is severely impacting their businesses.The traders claim that the price for a box of tomatoes has increased […]
President Akufo-Addo Appoints Joe Ghartey As New GRA Board Chair
President Nana Addo Dankwa Akufo-Addo has appointed Joe Ghartey as the new Board Chair of the Ghana Revenue Authority (GRA). Mr Ghartey who is the current Member of Parliament (MP) for Essikado-Ketan replaces Dr. Tony Oteng Gyasi.Mr Ghartey is tasked with reforming the GRA and streamlining its activitiesOther members of the 9-Member Board, which is […]
Tanker drivers strike: Fuel shortage imminent–COPEC warns
The Chamber of Petroleum Consumers (COPEC) has warned of a looming fuel shortage if the concerns of the striking Ghana National Petroleum Tanker Drivers Union are not urgently resolved.COPEC contends that failure by the relevant authorities to resolve the drivers’ concerns will result in dire consequences. Members of the Ghana National Petroleum Tanker Drivers Union […]
Fuel prices to go up due to Cedi depreciation – COPEC hints
The Chamber of Petroleum Consumers (COPEC) has warned that fuel prices at the pumps are likely to go up in a few weeks due to the continued depreciation of the cedi. Despite the mid-May projection of a drop in the price of petroleum products, some oil marketing companies (OMCs) have started adjusting their prices upward. […]
Cedi depreciation better this year – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has noted a slower rate of depreciation for the cedi this year compared to the previous year.Despite recent pressures on the local currency, Dr Adam highlighted that the cedi’s depreciation year-to-date stands at 12%, significantly lower than the 27% depreciation recorded in the same period last year. Addressing attendees […]
GPRTU Scheduled to Meet Transport Minister for Negotiations on Transport Fare Increment Today
The Ghana Private Road Transport Union (GPRTU) has set today as the date for a crucial meeting with the Transport Minister to discuss the proposed transport fare increment. This decision comes after initial attempts to convene were postponed due to the Minister’s unavailability.Abass Imoro, the Public Relations Officer (PRO) for GPRTU, explained that the delay […]