Business

In a scheme to rake in profits, several importers of electrical cables and other materials are flooding the market with fake products that do not meet critical safety requirements. The Association’s concerns have been confirmed by the outcome of a recent market surveillance conducted by the Ghana Standards Authority (GSA) …

The Fair Wages and Salaries Commission (FWSC), has justified its decision to block the payment of allowances to some staff of the Ghana Broadcasting Cooperation (GBC). The Commission insisted that the over GH¢2 million paid as allowances to staff of the state broadcaster must be refunded. Management of GBC had …

The Heads of Assisted Secondary Schools in the New Juaben Zone in the Eastern Region have vehemently refuted claims of a shortage of food items in Senior High Schools within the municipality. Contrary to reports circulating on traditional and social media, the Conference of Heads of Assisted Secondary Schools (CHASS) …

Ghana’s currency, the Ghana cedi, has become the world’s best performer against the dollar over the past six months as investors bet the nation is on the brink of securing International Monetary Fund (IMF) board approval for a US$3 billion bailout. The cedi has advanced 33% since November, the biggest …

China and Paris Club have okayed Ghana’s request for International Monetary Fund (IMF) support. The creditor committee for Ghana formed by countries with eligible claims on Ghana has been formally established on 12 May 2023. The creditor committee is expected to be co-chaired by China and France, an official statement …

An Economist with the Louisiana Economic Development in the United States, Dr Sa-ad Iddrissu, is warning against a looming banking crisis in Ghana. According to him, the crisis will be inevitable unless the government secures the $1.5 billion stability fund it expects by July this year. “For the bonds that …

President Nana Addo Dankwa Akufo-Addo has announced plans to ban the wholesale exportation of Ghana’s bauxite and iron ore. The move, according to President Akufo-Addo is aimed at protecting the country’s limited natural resources and learning from the mistake of gold exportation. Speaking at the opening of a natural resource …

The Ghana Union of Traders Association (GUTA) is demanding an immediate retraction and unqualified apology from the first deputy speaker of parliament, Mr Joseph Osei-Owusu, for what the association describes as unsavoury comments against its members. GUTA, in a statement, said Mr Osei-Owusu, in an interview on Kumasi-based Oyerepa TV, …

Journalists Against LGBTQI+ have called on the members of the House of Legislature to carefully scrutinise the anti-gay bill laid before Parliament. “We write to urge Members of Parliament (MPs) on to scrutinise the Bill on the Promotion of Proper Sexual Human Rights and Family Values to be laid before …

The Combined Traders Association of Kumasi City Market has rejected a move by managers of the Kumasi City Market to extend closure date of the facility. The traders have vowed to resist any attempt by the Managers to close the market beyond the already agreed date. They have now charged …